Thinking About Renting Your House Instead of Selling? Read This First.
If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead?There’s a term for this in the industry, and it’s
Builder Incentives Reach 5-Year High
Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price.🔹 Maybe the layout feels off🔹 Maybe it still needs some updating🔹 Or maybe it’s just more of the sameThat’s why more buyers are turning to new construction – and findin
History Shows the Housing Market Always Recovers
Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and
What Everyone’s Getting Wrong About the Rise in New Home Inventory
You may have seen talk online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary.But here’s what you need to remember: a lot of what you see online is designed to get clicks. So
Should You Still Expect a Bidding War?
If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go.While multiple-offer situations haven’t disappeared entirely, they’re not nearly as common as they used to be. In fact, a recent survey shows agents reported only 1 in 5 h
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff
Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%).While that may not sound like
More Contracts Are Falling Through. Here’s How To Get Ahead.
When you sell a house, the last thing you want is for the deal to fall apart right before closing. But according to the latest data from Redfin, that’s happening a bit more often lately. The good news is, it’s completely avoidable if you lean on an agent for insight into why that is and how to avoid
What You Need To Know About Concessions
Some Highlights🔹 Now that there are more homes for sale, buyers have more options—and sellers need to be more flexible to close the deal.🔹 That’s why almost half of homeowners are making some type of concession. This can include covering closing costs, paying for repairs, or dropping the price.🔹
New Contract Activity Bounces after July 4th | Active Supply has Been Reduced 14% since April
While we're still in a strong Buyer's market, Sellers have become exhausted with price reductions and are choosing to take a pause on selling. A reduction of inventory makes the Buyer market tighter and somewhat less appealing. For those Seller's sticking in the game, they need patience and flexibil