On average, it takes 4 ½ months to shop for a home, plus an additional 30-45 days to close on a home once you are under contract. But of course, the timeline can vary widely based on factors like the time of year, your financing needs, the type of home you’re looking for, and the inventory in […]
Category Archives: Uncategorized
June 2021 Monthly Housing Market Trends Report: New Listings Stage a Comeback in June as Home Prices Hit a New High
The national inventory of active listings declined by 43.1% over last year, while the total inventory of unsold homes, including pending listings, declined by 20.3%. Newly listed homes on the market are up 5.5% nationally compared to a year ago, and 11.7% higher for large metros over the past year. However, sellers are still listing […]
Can You Sell A Tenant-Occupied Home?
There are several reasons why you might be ready to sell an investment property. Perhaps it’s time to take advantage of the appreciation value, or maybe you need more time to focus on other investment opportunities. Whatever the reason is, there are a few things you should know about trying to sell a tenant-occupied home. […]
To Sell Your Home Quickly, List it on a Thursday Before Labor Day
Homes listed on a Thursday sell faster and are more likely to sell above list price than those listed on any other day of the week. Nationally, 21% of homes are listed on a Thursday, and it’s as high as a third of homes in some markets. Persistent and sustainable buyer demand has kept the […]
A Buyers Guide to a Sellers Market
When buyers outnumber sellers, it’s important to be flexible and ready to move quickly when the right home comes along. Navigating the home-buying process can be difficult in the best of times, but it can be especially stressful when you’ve planned and saved, only to see your favorite homes snatched up before you can even […]
How to Create Your Ultimate Outdoor Kitchen
Create a beautiful outdoor cooking space for relaxing and entertaining all summer long. As summer approaches and temperatures start to rise, no one wants to spend time inside sweating over a hot stove. With an outdoor kitchen, you can make the most of the beautiful warm nights by spending them with your friends and family. […]
Don’t Play, Parents: Homes With Kid-Friendly Features go Fast
Listing keywords indicating nearby parks, bonus space, and pools are some of the hottest for attracting home shopping families. Families should expect to pay more for kid-friendly features, with listings that mention “treehouse” or “garage” associated with a 2.2% sale premium. Kid-friendly homes are also selling quicker than expected. Homes with a backyard mentioned in […]
History Not Repeating: Why Today’s Housing Market Won’t Turn into 2008’s
Today’s housing fundamentals — including supply, demand and overall financial conditions — are markedly different than in 2008, and current conditions are largely sustainable. Housing supply is extremely tight — arguably the one factor most dramatically different today from the 2008-era market, when a wave of foreclosures following years of robust homebuilding pushed supply well […]
Summer 2021: Red hot housing prices
We are getting new data on just how hot real estate prices are across the country. Ben Winck and Libertina Brandt of Business Insider open up this week with expert commentary on the state of housing prices, noting that despite elevating prices there is no sign of a bubble, and prices may continue to climb for the foreseeable future due to tight supply. […]
The housing market is looking a lot like 2006: Are we in bubble territory?
Home sales are going bonkers in most of the country. According to new data, new single-family home (SFH) sales in March increased 20% from February, and 66% from March 2020. Sales were up year-over-year 108% in the Northeast, but down slightly by 2% in the West. That said, overall sales of existing SFHs fell 4% in […]