August 2021
Active Listings Up 16% From This Year’s Low
For a prospective home buyer, the more homes there are for sale the better. After all, more available homes mean more choices and a better chance at finding the one that meets your needs. Lately, though, inventory has been an issue. A lower than normal number of homes for sale has led to price spikes, …
Higher Rents Make Buying The Affordable Choice
Rents recently hit new highs in 40 of the 50 largest U.S. cities, according to a new analysis from the National Association of Realtors’ consumer website. The report found that, nationally, rents were up almost 10 percent over where they were last year at the same time. But while the news comes at a time …
Nearly 90% Of Homes Sell in Under A Month
If you’re a prospective home buyer, the latest existing home sales data from the National Association of Realtors is a mixed bag. On the one hand, the number of homes for sale was up 7.3 percent in July from the month before. That’s a much-needed improvement since the lack of homes for sale has been …
Would You Buy A 3D Printed House?
New technology always takes a while before it catches on. People need to warm up to the idea and make sure it can deliver as promised. That’s certainly true of 3D-printed homes. At this point, most of us have heard about them but few of us have seen or stepped inside one. According to a …
Buyers See Fewer Bidding Wars In July
In a competitive market, a good home is likely to draw multiple offers. That means the home’s seller gets to choose the best one. And more often than not, that means choosing the one that offers the most money. For home sellers, that’s an ideal situation. For buyers, though, it’s stressful. It means figuring out …
Vacation Home Sales Surge Starts To Slow
Sales of vacation homes started to surge soon after the pandemic began. With more Americans able to work remotely, demand for second homes skyrocketed. It makes sense. After all, a vacation home is only worth the expense if you’re able to use it regularly. There’s no need for the added financial burden if you’re only …
Has The Housing Market Begun To Cool Off?
When a homeowner lists their home for sale and can’t find an interested buyer, the most obvious thing for them to do is lower their price. After all, their home might garner more attention if it were more affordable. Of course, in this market, home sellers haven’t had to worry too much about that. These …
Getting A Mortgage Got Easier In July
For most of us, buying a house means applying for a loan. After all, homes are expensive, so you’re probably going to need to finance your purchase. But the standards used to determine the terms of that loan, or whether or not you’re approved to borrow at all, aren’t fixed. There are times when your …