A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means one thing:Continue reading “Why Some Homes Sell Quickly – and Others Don’t Sell at All”
Tag Archives: Real Estate Tips
The $280 Shift in Affordability Every Homebuyer Should Know
If you paused your plans to move because of high rates or prices, it may finally be time to take a second look at your numbers. Affordability is improving in 39 of the top 50 markets, according to First American. And that’s the 5th straight month where buying a home has started to get a little bit easier. Let’s break this downContinue reading “The $280 Shift in Affordability Every Homebuyer Should Know”
Don’t Let Unrealistic Pricing Cost You Your Move
These days, you’re going to want to get your price right when you get ready to sell your house. Honestly, it’s more important than ever. Why? While you may want to list high just to see what happens, that’s a plan that can easily backfire, and it’s going to cost you in today’s market. And the riskContinue reading “Don’t Let Unrealistic Pricing Cost You Your Move”
Why Experts Say Mortgage Rates Should Ease Over the Next Year
You want mortgage rates to fall – and they’ve started to. But is it going to last? And how low will they go? Experts say there’s room for rates to come down even more over the next year. And one of the leading indicators to watch is the 10-year treasury yield. Here’s why. The LinkContinue reading “Why Experts Say Mortgage Rates Should Ease Over the Next Year”
Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers
If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs. Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down. What Are Closing Costs? Your closingContinue reading “Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers”
3 Reasons Why Home Affordability is Getting Better This Fall
Over the past couple of years, home affordability has been a major challenge for many hopeful buyers. Home prices shot up. Mortgage rates too. And many people decided to hit pause on their plans because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waitingContinue reading “3 Reasons Why Home Affordability is Getting Better This Fall”
Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It
If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. From Frenzy to “Normal” Right now, about 50% of homes on the market are selling for less than their asking price, accordingContinue reading “Even in a Seller’s Market, 50% of Homes Sell for Under Asking. Here’s How to Avoid It”
What Everyone’s Getting Wrong About the Rise in New Home Inventory
You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need to remember: a lot of what you see online is designed toContinue reading “What Everyone’s Getting Wrong About the Rise in New Home Inventory”
Should You Still Expect a Bidding War?
If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go. While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 homes (20%) nationallyContinue reading “Should You Still Expect a Bidding War?”
Are These Myths About Buying a Newly Built Home Holding You Back?
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes Are More Expensive It’s easy to assume a new build will costContinue reading “Are These Myths About Buying a Newly Built Home Holding You Back?”
