The housing market went a bit bonkers in 2021. By mid-summer, housing inventory was at an all-time low, prices were surging, and homes were under contract within a matter of hours. It’s been a great market for sellers and sellers’ agents, but buyers have had more difficulty. The lack of housing – particularly affordable housing […]
Housing Market Predictions for 2022
It’s a new year, and many wonder what that means for the real estate market. Last year proved to be near record-breaking: pandemic-led movement out of cities and into the suburbs, low inventory, high demand, and a lack of affordable housing options. Together, this perfect storm caused home prices to soar. Sellers were thrilled. Buyers […]
Why the Zillow Home Buying Program Failed
In early November, the Zillow home buying program known as Zillow Offers announced its departure from the iBuying sector. What happened with Zillow Offers? And does this mean iBuying is a thing of the past? What is an iBuyer? iBuyers are a relatively new phenomenon in the real estate market. An iBuyer (instant buyer) is […]
Closing on a House: How the Process Works
You’ve searched and searched and finally found the perfect home. You made an offer, the sellers accepted, and now you’re on the road to closing. But how long is the road, exactly? And what happens between now and closing day? We’re breaking it down for you, from the moment your offer is accepted until you […]
Buying a House Sight Unseen: Tips Based on Real-Life Experience
In an ultra-competitive market, buying a house sight unseen has become more common than ever. The pandemic caused a “great exodus,” with more people moving away from cities and into suburban homes to accommodate remote work and at-home schooling. In addition, mortgage interest rates are incredibly low, making homeownership within reach for many Americans. While […]
The End of the Eviction Moratorium: What Does it Mean for Real Estate?
Looking back, it seemed to happen overnight. One day, it was business as usual in America. The next day, the country was in lockdown, with businesses shutting their doors and millions of Americans out of work. Panic set in: how would tenants pay their rent? How would landlords and homeowners pay their mortgages? Enter the […]