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
Category: Home Selling
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
The Benefits Of Selling Your Home With A Real Estate Agent
Selling your home is a major life event, and navigating the process alone can be overwhelming. From pricing strategy and marketing to negotiations and legal paperwork, there’s a lot to consider. This is where a real estate agent becomes your most valuable ally, providing expertise, support, and a smooth transaction every step of the way.… Continue reading The Benefits Of Selling Your Home With A Real Estate Agent
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
More Sellers Granting Buyer Concessions
The housing market has undergone a significant shift in recent months, with buyers regaining some of the leverage they lost during the pandemic-fueled seller’s market. This shift is reflected in the rising number of sellers offering buyer concessions in order to close deals. According to a recent report by Redfin, the share of home sellers… Continue reading More Sellers Granting Buyer Concessions
The Differences Between A Mansion And A McMansion
The terms “mansion” and “McMansion” are often used interchangeably, but there are some key differences between the two. In general, a mansion is a large, luxurious home that is typically built with high-quality materials and designed by an architect. A McMansion, on the other hand, is a large, mass-produced home that is often built with… Continue reading The Differences Between A Mansion And A McMansion
Fewer Homeowners Opting To Sell
The real estate market is constantly evolving, and recent trends indicate a shift in homeowner behavior. Fewer homeowners are opting to sell their properties, leading to a tighter supply of homes and impacting both buyers and sellers. Of course, the immediate likely culprit for this reduction in homeowners opting to list their homes for sale… Continue reading Fewer Homeowners Opting To Sell
Considerations For Buying Or Selling A Home With Solar Panels
Solar panels are becoming increasingly popular, as they offer a number of benefits, including reduced energy costs, increased home value, and environmental benefits. In particular, locations such as here in South Florida offer plenty of sunshine to maximize the benefits of these panels. If you are considering buying or selling a home with solar panels,… Continue reading Considerations For Buying Or Selling A Home With Solar Panels
Top Issues Affecting Real Estate In 2024
The real estate market has certainly experienced some volatility over the past few years. From the beginning of the pandemic where home showings in person were not even feasible, to “the great relocation” which saw many Americans working remotely and moving to the suburbs. Fast forward to the present time and we are seeing high… Continue reading Top Issues Affecting Real Estate In 2024
Existing Home Sales Hit Lowest Point Since 2008
There is no doubt that consistently rising mortgage rates combined with out-of-control inflation and a dragging economy has left a mark on the housing market. In fact, existing home sales in the United States hit their lowest point since 2008 in September 2023, according to the National Association of Realtors®. The seasonally adjusted annual rate… Continue reading Existing Home Sales Hit Lowest Point Since 2008