Mike May, Realtor 804.731.0111 Mike May, Realtor 804.731.0111
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Blog Posts by Mike May

Posts filed under Blog Posts by Mike May



6 Reasons Why This Is Actually the Best Time in Years To Sell a House
Posted Thu, Jul 9th 2020 1:58 pm
Talk about a strange summer. Between the continued threat of the novel coronavirus, a wobbly economy, and layoffs happening left and right, it's no surprise that many who may have hoped to sell the...

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Taking Advantage of Homebuying Affordability in Today’s Market
Posted Tue, Jul 7th 2020 11:51 am
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impac...

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Happy Independence Day!
Posted Thu, Jul 2nd 2020 9:29 am
Today we celebrate freedom thanks to those who came before. Those brave men who fought and died in each and every war. Freedom always comes at a price, And while we celebrate We should tip our hats...

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This New Credit Score Could Help More Home Buyers Receive Mortgages
Posted Thu, Jul 2nd 2020 9:21 am
With the U.S. mired in a recession and unemployment at its highest level since the Great Depression, many lenders have turned off the credit spigot for all but the most qualified borrowers. So desp...

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Pending Home Sales Staged a Historic Rebound in May
Posted Tue, Jun 30th 2020 11:28 am
Pending Home Sales Staged a Historic Rebound in May, Meaning the Worst May Have Already Come for the Real-Estate Market The numbers: After two consecutive months of decline, the index of pending...

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Mortgage Rates Keep Falling to Record Lows—So Is Now a Good Time to Refinance?
Posted Fri, Jun 26th 2020 2:19 pm
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac reported that mortgage rates hi...

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18705 Waterford Dr: Beautiful Home in Desirable Waterford Landing!
Posted Thu, Jun 25th 2020 4:36 pm
Beautiful Home in Desirable Waterford Landing!If a modern home in a park-like setting is what you are looking for, we have the perfect property for you! Welcome to this private oasis in lovely Suth...

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New Home Sales Surged in May as Buyers Scrambled to Find Properties for Purchase
Posted Tue, Jun 23rd 2020 1:36 pm
The numbers: Sales of newly-built single-family houses occurred at a seasonally-adjusted annual rate of 676,000 in May, the government reported Tuesday. That represented a 16.6% increase from the ...

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Happy Father's Day!
Posted Fri, Jun 19th 2020 10:37 am
The quality of a father can be seen in the goals, dreams and aspirations he sets not only for himself, but for his family.

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How Unemployment Can Affect Your Plans To Buy a Home—Now and Later
Posted Thu, Jun 18th 2020 2:49 pm
The coronavirus pandemic has led to record-high unemployment rates not seen since the Great Depression. And this is particularly worrisome for would-be home buyers. If you were among the 23.1 mill...

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Mortgage Rates Were Rising, Then Hit a Record Low of 2.9 Percent—What's Going On?
Posted Tue, Jun 16th 2020 10:07 am
Anyone who's planning to buy a home, or thinking about refinancing the loan on their current abode, has probably been giving mortgage interest rates a lot of attention—and getting frustrated as the...

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The Economy Gets a Boost That Could Lead to Higher Home Prices, More Bidding Wars
Posted Thu, Jun 11th 2020 9:25 am
An improving economy is turning up the heat on the summer housing market. The unemployment rate fell to 13.3% in May as more cities and states reopened and many furloughed employees were called ba...

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Does a Tankless Water Heater Save on Water Usage? Pros and Cons for Homeowners
Posted Tue, Jun 9th 2020 12:24 pm
Tired of waiting for the shower water to heat up? Tankless water heaters warm on demand—and they deliver consistent hot water for as long as you need. That means no longer having to tough it out wi...

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Selling Your Home in the Age of Coronavirus? Here Are All Your Top Questions, Answered
Posted Thu, Jun 4th 2020 9:54 am
With every day of this pandemic feeling like it brings a fresh batch of news, you’d be forgiven for feeling confused about the actual state of things now. While many cities start to reopen—and some...

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Home Prices: It’s All About Supply and Demand
Posted Tue, Jun 2nd 2020 12:29 pm
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at th...

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6 Things Your Mortgage Lender Wants You To Know About Getting a Home Loan During COVID-19
Posted Thu, May 28th 2020 10:29 am
Getting a mortgage, paying your mortgage, refinancing your mortgage: These are all major undertakings, but during a pandemic, all of it becomes more complicated. Sometimes a lot more complicated. ...

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Should I Get a Swimming Pool To Survive Quarantine This Summer?
Posted Tue, May 26th 2020 10:35 am
To me, summertime is synonymous with swimming. Growing up, I spent most of July and August at my town's community pool, perfecting my strokes and working up the nerve to attempt a backflip from the...

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Happy Memorial Day!
Posted Mon, May 25th 2020 10:33 am

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How Low Will Mortgage Rates Go? They're Now Below 3 Percent If You Know Where To Look
Posted Thu, May 21st 2020 2:56 pm
One of the few silver linings for real estate in the middle of this devastating coronavirus pandemic has been record-low mortgage interest rates. And housing experts predict those ultralow rates wi...

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Are We in a Recession—or a Depression? How Each Would Affect Housing
Posted Tue, May 19th 2020 2:23 pm
The past two coronavirus-ravaged months have left many folks wondering if the nation is in the throes of another deep recession—or maybe even a repeat of the Great Depression of the 1930s. Which o...

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