There’s usually a long checklist of items to go through before selling a house. After all, you want to maximize your profit and make sure your home is attractive to buyers. That’s why, in addition to cleaning up clutter, planting some flowers, and touching up chipped paint, you may be considering a renovation project. But …
You don’t have to be an economist to understand supply and demand. When there are more buyers than there are sellers, prices rise. This is true for any market, including the housing market. When there are too few home buyers, homeowners have to price their homes low enough to attract the buyers that are active. …
Freddie Mac Says Market Is Short Millions Of Homes Read More »
Spring is traditionally thought of as the start of home buying season. Harsh winter weather begins to fade and interested buyers become more active. Because of this, homeowners who hope to sell often wait for spring to list their home. But what is the best time to put your home up for sale, if you …
The latest results from the S&P Case-Shiller Home Price Indices show prices up 3.8 percent year-over-year. And while that’s a fairly normal annual increase compared to long-term averages, when compared to the previous month’s results, it represents an acceleration. For example, S&P showed annual gains of 3.5 percent in November. Craig J. Lazzara, managing director …
New home sales are an important barometer for the housing market. When they’re selling quickly, home builders build more homes, which helps balance inventory and keeps home prices from spiking. In other words, if you want to know how the housing market is doing, new home sales are a good place to check. That’s why …
New numbers from the National Association of Realtors show sales of previously owned homes up nearly 10 percent over last year at the same time. The January report also shows inventory, home prices, and time on market up during the month. Lawrence Yun, NAR’s chief economist, says the outlook is promising. “Existing-home sales are off …
Each month, Fannie Mae’s Home Purchase Sentiment Index measures Americans’ feelings about the housing market, the economy, and their personal finances. Survey participants weigh in on their expectations for mortgage rates, home prices, their job security, income, and whether or not they think it’s a good or bad time to buy or sell a home. …
In a competitive market – where there are more home buyers than there are homes for sale – buyers often have to offer to pay more for a house than the seller is asking. By raising their offer, buyers better the odds that theirs will be the one chosen and they’ll get the house, rather …
