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 […]
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 […]
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 […]
Buying a Second Home: The Vacation Home Trend
While the pandemic has been detrimental in many ways, there has been one unexpected bright spot: real estate is booming. However, buyers aren’t merely purchasing primary homes. More people than ever are buying a second home, boosting the vacation properties market by margins not seen in recent memory. What is behind the incredible surge in […]
6 Considerations When Buying a Family Home
Buying a family home is one of the crucial moments in any young person’s life. Children change everything – from the way we spend our time to the places we live. When it’s time to buy a home for your new or growing family, consider the following factors to ensure you find the home of […]
Low Real Estate Inventory Across the U.S.
A year into the COVID-19 pandemic, the residential real estate market is booming. It’s a big change from Spring 2020 when uncertainty and fear of a then-unknown virus brought the housing market to a near-standstill. Since rebounding in Summer 2020, the market exploded, and now we are facing a new problem: low real estate inventory […]