If you have been reading this blog regularly, then you are well aware of the changing tides in the housing market. As we finish up the 2022 year, it is apparent that the housing market has almost come to a standstill. Of course, with out-of-control inflation resulting in the Federal Reserve implementing some aggressive measures… Continue reading This Could Make Home Prices Drop In 2023…
The value of any real estate is ultimately what a buyer is willing to pay for it, particularly when it comes to cash buyers. Of course, overpaying for a property when there is a financing contingency will typically not occur due to the proper appraisal and loan approval processes. With this said, we often see… Continue reading Price Per Square Foot In Real Estate
Did you know? On average, Americans spend more time researching their next vehicle purchase and vacation options than researching mortgage lenders. In fact, a recent survey found that 72% of prospective home buyers have not shopped around for, nor have any plans to shop around for, their mortgage. By not shopping around for your mortgage,… Continue reading A Pre-Approval vs. A Pre-Qualification For A Home Loan
You may have never thought about the relationship between retail stores and real estate values. However, there is certainly a relationship between the two. The reason for this is because certain premium brands do extensive research in markets prior to opening a new location. For example, while it may seem that Starbucks places stores anywhere… Continue reading Do Grocery Store Locations Impact Real Estate Prices?
What a difference a year makes. Actually, what a difference 8 or 9 months make. It was not that long ago that the housing market was red hot and sellers could anticipate listing their homes for sale and receiving at least one offer within a few days. In fact, most new listings would contain broker… Continue reading More Sellers Are De-listing Their Homes
If you have been following the real estate market over the past few years, then you likely are well aware of the persistently tight inventory of homes for sale. Needless to say, this tight inventory combined with strong buyer demand has resulted in dramatic home price growth for the past few years. Although the inventory… Continue reading What Is An Absorption Rate In Real Estate?
The recent skyrocketing of home prices over the past few years has resulted in many homeowners building substantial equity in their homes. This is quite the contrast from the period between 2008 through 2012 when many homeowners were forced to sell at a loss due to the economic downturn. While the gained equity for these… Continue reading Do I Owe Capital Gains Taxes For My Real Estate?
If you are like most Florida homeowners then you likely have built a good amount of equity in your home over the past several years. This combined with the persistently low inventory of homes for sale may make this a great time to list your home for sale. Of course, there are some crucial steps… Continue reading 5 Things To Do Before Listing Your Home For Sale
Divorce is a civil court procedure that dissolves the bonds of matrimony between two former spouses. You have likely heard that half of all marriages end in divorce. Unfortunately, this statement is not far off as it is estimated that nearly 45% of married couples eventually divorce. Interestingly, the divorce rate was actually closer to… Continue reading Selling A Home During A Divorce
The good news for homeowners is that home price growth has continued over the recent year. The not so good news is that this price growth has been decelerating across most of the country. Of course, this is to be expected given the Federal Reserve’s aggressive approach to containing out-of-control inflation. While we are seeing… Continue reading Home Price Gains Are Decelerating