There is no doubt that the real estate market has slowed down considerably over the past year. With this said, in many markets sellers are being forced to be more aggressive with their marketing and negotiating. For buyers, buying a home is an exciting yet daunting process regardless of the market. Between the hefty down… Continue reading What Are Seller Concessions In Real Estate?
Category: Home Buying
New Year, New Home? Setting Real Estate Goals for 2024
As the confetti settles and the champagne flutes dry, many of us turn our attention to the fresh start a new year promises. Among the usual resolutions to eat healthier, exercise more, and finally learn that elusive language, there’s a special kind of magic to setting goals around our homes. Do you have real estate… Continue reading New Year, New Home? Setting Real Estate Goals for 2024
Home Flipping Drops Again In Q3 2023
The once-sizzling hot market of home flipping saw a significant drop in temperature in the third quarter of 2023. After years of skyrocketing activity, the number of homes flipped in the U.S. fell for the second consecutive quarter, marking a shift in the housing landscape. Of course, given the current macroeconomic challenges including high inflation,… Continue reading Home Flipping Drops Again In Q3 2023
Rising Homebuilder Sentiment: A Glimmer Of Hope In The Housing Market
After a turbulent year marked by rising interest rates and economic uncertainty, homebuilder sentiment appears to be on the rise again. This is a welcome sign for the housing market, which has been struggling in recent months. Of course, a pause in the key interest rate hikes is likely a large reason for this optimism.… Continue reading Rising Homebuilder Sentiment: A Glimmer Of Hope In The Housing Market
Mortgage Rate Prediction For 2024
The National Association of Realtors® (NAR) has released its predictions for the 2024 housing market, and there’s some good news for prospective home buyers: mortgage rates are expected to fall. After reaching a peak of over 7.79% in late 2023, NAR chief economist Lawrence Yun forecasts that the average 30-year fixed mortgage rate will settle… Continue reading Mortgage Rate Prediction For 2024
Long-Term Mortgage Rates Dip Below 7%
For months, aspiring homeowners have felt like they’re facing headwinds that won’t let them move forward. Soaring mortgage rates coupled with sky-high housing prices seemed to have locked the dream of home ownership behind an iron gate. But hold on, there’s a glimmer of hope on the horizon! The latest news brings a sigh of… Continue reading Long-Term Mortgage Rates Dip Below 7%
What Is Needed To Close On A House?
Buying a house is an exciting time! However, before you can move in and start making memories, there’s one more hurdle to jump: closing. What is a closing and what is needed to close on a house? Closing is the legal and financial process of finalizing the purchase of your new home. It can seem… Continue reading What Is Needed To Close On A House?
Home Price Expectations For 2024 And 2025
The housing market has been a rollercoaster in recent years, with skyrocketing prices followed by whispers of a potential correction. To get a glimpse into what’s next, we can turn to the experts. The latest Fannie Mae Home Price Expectations Survey (HPES) offers valuable insights into what housing market analysts are predicting for 2024 and… Continue reading Home Price Expectations For 2024 And 2025
What Buyers And Sellers Don’t Know About Real Estate Commissions
Real estate commissions are a major expense for both buyers and sellers. In fact, they are oftentimes the single largest expense associated with a real estate transaction. But what do most people not know about real estate commissions? Here are a few things: Common questions about real estate commissions 1. Who pays the commission? In… Continue reading What Buyers And Sellers Don’t Know About Real Estate Commissions
2023 Profile Of Home Buyers And Sellers
The National Association of Realtors® (NAR) has released its annual Home Buyer and Seller Profile Report, offering a treasure trove of insights into the current state of the housing market. This year’s report, based on surveys of recent buyers and sellers, paints a picture of a dynamic market still adjusting to post-pandemic realities. Below we… Continue reading 2023 Profile Of Home Buyers And Sellers