Contract prices for properties being sold are skyrocketing, however that is only part of the equation in many cases. Given the fact that most properties are being purchased with a financing contingency, this also means that the property must appraise for the contract sales price or higher. In many cases, this can prove to be… Continue reading The gap between sales prices and appraisals
It seems as though all headlines for the past year and a half have stated the same thing: Home prices are rising dramatically and homes are selling in bidding wars! While this is certainly true, there are still plenty of homes that stay lingering on the market for various reasons. As with any housing market,… Continue reading Essential tips to sell your home quickly
As we are entering the fall months, we are beginning to see a seasonal slow down in home buying. Of course, this comes after a year-long super competitive housing market. Interestingly, the month of August set a new record for annual price gains. In fact, the annual price gains seen in the month of August… Continue reading Record level home price growth in August
We have previously written about the force that millennials have become in the real estate market. While this is still the case, we also need to begin to acknowledge the impact from Generation Z. Also referred to as “zoomers”, this demographic cohort was born between the mid-1990’s through the early 2010’s. Some even go as… Continue reading Generation Z and the real estate market
When will the housing market crash? This was one of the top 3 phrases typed into Google’s search engine last spring. Why was this such a popular phrase being searched by many throughout the country? Well, the most likely reason is due to the post-traumatic stress disorder that many still have from the 2008 housing… Continue reading Is a housing crash on the horizon?
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?
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?
In the recent seller’s market, both updated homes and homes in need of some work have been selling quickly. With this said, we are beginning to see two factors that may be resulting in a slight slowdown for the real estate market. The first factor is a slightly improving inventory of homes for sale. Although… Continue reading Top upgrades that will sell your home quicker