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 […]
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 […]
Real Estate Market Trends: Summer 2021 Recap
What a difference a year makes! In the summer of 2020, many real estate professionals nervously watched as a pandemic slowed the nation to a crawl. Some worried the real estate market might take a massive hit. One year later, the real estate market is booming. Home prices are soaring. Inventory is at an all-time […]
Where is the Millennial Home Buyer? Why Fewer Young People Are Buying Real Estate
Homeownership has long been touted as part of the American Dream. However, for younger generations, that dream has been nearly unobtainable. With ever-increasing debt, rising home prices, and a trend towards urban living, millennials have been slower to buy than the generations before them. But the millennial home buyer is finally entering the market, and […]
The Best Time to Buy a House
Buying a home is a significant financial decision. Just like finding the best deal on a car or that new kitchen appliance, you can also shop around for home prices. If you know the best time to buy a house, you’re more likely to get the ideal home for a better price. What Is the […]
New Builds or Resale Homes: Which to Choose?
The economy is booming, companies are hiring more workers, and interest rates are still low. Now is the time to purchase a home. But what is more appealing to home buyers: new builds or resale homes that need a little TLC? Each option has its pros and cons. Some buyers prefer new homes that offer […]