If you were in the market to purchase a home during the summer months of 2021 then you probably have firsthand experience with bidding wars. A continued tight inventory of homes for sale combined with increased buyer demand resulted in a record level of bidding wars for homes. Needless to say, this has turned off… Continue reading Less bidding wars for home purchases
Category: Home Buying
More foreign home buyers in the U.S.?
The recent run up in housing demand over the past 18 months or so has come largely from domestic buyers. The reason for this has been due to the tight travel restrictions on foreign nationals. This is significant for markets such as South Florida that see a significant percentage of home purchasing activity coming from… Continue reading More foreign home buyers in the U.S.?
Post-pandemic real estate trends
Throughout the pandemic, we have witnessed The Great Reshuffling with many Americans working remotely and thus moving to homes with more space. Although this is still taking place, what post-pandemic trends are we beginning to see? Some observations are quite expected, while others are surprising. We discuss below. A vacation home boom Although we have… Continue reading Post-pandemic real estate trends
The trade off: A longer commute for more space
The COVID-19 pandemic has brought on many challenges in how we live, work, communicate, and more. With this said, we have certainly seen some common trends taking shape in the real estate market as well. With the push for more social distancing, we initially saw many Americans fleeing multi-family units in big cities. Instead, these… Continue reading The trade off: A longer commute for more space
Is the real estate market cooling down?
The headlines for the past 18 months or so have not been very positive for prospective home buyers. Limited inventory of homes for sale, increased competition from other buyers, a higher prevalence of cash buyers, and a record number of bidding wars have certainly made it a difficult environment. However, there may be some hope… Continue reading Is the real estate market cooling down?
Relief for first-time home buyers?
The recent run up in home prices has created substantial challenges for first-time home buyers. With many of them being priced out or unable to compete against cash buyers, many of these would-be homeowners have had to opt to continue renting instead. It is well established that the inventory of homes for sale has been… Continue reading Relief for first-time home buyers?
A second wind for the real estate market?
Recent housing data is beginning to reflect a more balanced market. In other words, we are seeing less of the home buying frenzy that took place throughout the spring and summer. With this said, could a second wind be in store for the real estate market? According to the most recent Weekly Housing Trends Report… Continue reading A second wind for the real estate market?
The best time of the year to buy a home
To say that that the past 18+ months have been a seller’s market would be an understatement. A persistently tight inventory of homes for sale combined with increased demand from buyers looking for more space has resulted in nothing short of a frenzy. Although the housing inventory remains tight, we are seeing some signs of… Continue reading The best time of the year to buy a home