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



Virtual Staging: The Hot Trend That Can Help Sell Your Home During the Coronavirus Crisis
Posted Fri, Aug 28th 2020 1:48 pm
In this age of social distancing, you might want to limit the number of strangers traipsing through your house. So chances are good you've said sayonara to the idea of having a staging company come...

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Home Prices Continued to Rise in June, Case-Shiller Index Finds—as Americans Face a Growing Affordability Crunch
Posted Tue, Aug 25th 2020 1:04 pm
The numbers: Home-price appreciation continued at a steady clip in June as many states began reopening businesses from shutdowns related to the coronavirus pandemic, according to a major price baro...

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Home Prices Are Still Shooting Up, but Is This a Bubble About To Burst?
Posted Mon, Aug 24th 2020 10:51 am
The nation's surging home prices don't seem to care about the recession the country is mired in. They can't be bothered by the deadly coronavirus pandemic or the double-digit unemployment that's co...

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Can You Recycle That? Here's What the Recycling Numbers on Plastic Mean
Posted Fri, Aug 21st 2020 12:58 pm
We all know that the triangle symbol (♻) on the bottom of plastic bottles means to recycle. But what do the numbers inside the triangle mean? The recycling numbers range from 1 to 7 and stand for d...

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Refinancing Your Mortgage? Those Rock-Bottom Interest Rates Aren't for You
Posted Wed, Aug 19th 2020 9:13 am
Homeowners across the country are rushing to refinance at record-low interest rates. Many are finding that lenders have reserved their best rates for buyers. The average rate posted on Bankrate.co...

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How Long Does It Take to Buy a House?
Posted Mon, Aug 17th 2020 11:37 am
How long does it take to buy a house? While estimating a timeline for home buying will depend on many variables, real estate experts estimate that the average time required is around four months. ...

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5 Rampant Mortgage Myths You'll Hear These Days—Completely Debunked
Posted Thu, Aug 13th 2020 12:27 pm
These days, things are changing so fast, it’s tough to keep up. That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head...

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Is a Water Softener a Good Investment? Weigh the Hard Facts
Posted Mon, Aug 10th 2020 2:58 pm
Take a look at your sink, washing machine, and teakettle. Do you see stubborn soap scum and mineral deposits that can only be removed with extra scrubbing? Hard water is the culprit. To achieve cr...

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Mortgage Rates Plummet to a New Record Low, Adding Fuel to the Housing Market
Posted Thu, Aug 6th 2020 3:21 pm
The already scalding-hot housing market is likely to heat up even more. Mortgage interest rates continued their downward descent, hitting yet another record—largely thanks to the pandemic, and the ...

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Eco-Friendly Houses Are Expensive, and 4 Other Green Home Myths You Should Stop Believing
Posted Wed, Aug 5th 2020 1:49 pm
Have you ever dreamed of buying a bit of land and building your very own green home on it? Maybe you’re already invested in a property, and are just looking for a way to make it a little more Earth...

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Pandemic Purge! 8 Things To Declutter From Your Apocalypse Stockpile
Posted Tue, Aug 4th 2020 9:52 am
It’s been a crazy year, and if recent events have put your hoarding habits into overdrive, well, you’d be forgiven. After a weird spring and even weirder summer, you’re not the only one who’s been ...

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5 Coronavirus Real Estate Myths Everyone Thinks Are True—Debunked
Posted Thu, Jul 30th 2020 10:35 am
Every day, our conversations online and off are filled with "did you hear this yet?" news about the coronavirus pandemic. And, alas, not all of what you hear is true—particularly when it comes to r...

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Guidance and Support Are Key When Buying Your First Home
Posted Tue, Jul 28th 2020 12:52 pm
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realto...

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The Insane Juggling Act of Trying To Buy and Sell a House During a Pandemic
Posted Mon, Jul 27th 2020 1:35 pm
Buying and selling a home simultaneously is a stressful juggling act at any point. So what's it like to simultaneously buy and sell real estate during the coronavirus pandemic? In April, my husban...

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New U.S. Home Sales Surge in June to Strongest Rate in 13 Years
Posted Fri, Jul 24th 2020 2:34 pm
The numbers: Sales of new single-family homes rose sharply for the second straight month in June, pushing the sales rate to its highest level in 13 years, according to data released Friday. The an...

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Home Sellers Pocketed Record Profits as the Coronavirus Pandemic Surged in the U.S.
Posted Thu, Jul 23rd 2020 9:56 am
The intrepid homeowners who sold their properties as the coronavirus pandemic ramped up in the U.S. this spring pocketed record-high profits. Nationally, home sellers made a profit of about 36% on...

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A Remarkable Recovery for the Housing Market
Posted Tue, Jul 21st 2020 2:05 pm
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery...

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Will the Lowest Mortgage Rates Ever Seen Spur Another Refinance Boom?
Posted Fri, Jul 17th 2020 1:41 pm
The lowest mortgage interest rates ever seen in the U.S. will likely spur another wave of refinances as homeowners chase the chance of a lifetime to lock in a rate under 3%. Rates fell to an avera...

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Does Your Home Have What Buyers Are Looking For?
Posted Thu, Jul 16th 2020 8:59 am
There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the mark...

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Why a Pandemic, Recession, and Protests Aren't Keeping the Housing Market From Roaring Back
Posted Tue, Jul 14th 2020 12:27 pm
The housing market is back—and then some. Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly content...

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