The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing. And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or ...
Continue ReadingThe Hidden Benefits of Buying a Home During Off-Peak Seasons Buying a home during off-peak seasons offers distinct advantages that many people overlook. In less competitive periods, buyers can benefit from reduced prices, quicker processes, and more negotiating power. These times offer an opportunity to avoid the rush and often ...
Continue ReadingBy Lisa Roberts Curb appeal is always important for anyone trying to sell their home, which is no different during winter. That said, most techniques people use to boost curb appeal are impossible during winter. Fortunately, there are quite a few ways to increase your home’s curb appeal, even during ...
Continue ReadingUnless you’re selling a home in a hurry, you should prepare for the sale in detail. Even though you might not see it now, there are many ways to maximize your home sale price. Simple improvements and certain tricks will make your home more desirable among potential buyers and ensure ...
Continue ReadingThe uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for ...
Continue ReadingThe last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not ...
Continue ReadingBy the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury ...
Continue ReadingIf you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted, “Sellers tend to be more reluctant to list during the colder time of year when the market typically ...
Continue ReadingSome Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still ...
Continue ReadingInventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below: With inventory being one of the biggest housing market challenges today, finding ...
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