Category: Sellers
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Housing Relationship Between Supply and Affordability
A 2022 study from political scientists in the University of California system found that a majority of Americans do not believe that increasing the supply of housing makes it more affordable. And this perception was not unique to homeowners but also prevailed among renters who bear the brunt of America’s housing shortage. New Construction –…
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Pricing Your House Right Still Matters Today
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors shows 76% of homes sold within a month and…
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Sellers: Don’t Let These Two Things Hold You Back!
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge…
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Homebuyers Are Still More Active Than Usual
Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The Showing Time Showing Index is a measure of how much buyers are touring homes. The graph…
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U.S. Home Prices Surge in May
Home prices surge in May with all 20 Major Metro Markets Highlights May 2023: All major metro markets see month-over-month price increases Year-over-year: Slight decline in national home prices, but some cities shine Regional Divide: Midwest outperforms, while Pacific coast cities lag behind Overview S&P Dow Jones Indices has just released the latest results for…
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Today’s Mortgage Rates
After spiking a bit toward the end of last week, mortgage rates are back down. Currently, 30-year mortgage rates are around 9 basis points lower compared to last week’s average. They could trend down further later this week. This will depend on the commentary that comes out of the latest Federal Reserve meeting. Lower mortgage…
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Home Prices Are Rebounding
If you are following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we…
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Renting or Selling Your House
What’s the Best Move? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental is typically offered as an alternative to a hotel. They are an investment that’s gained popularity in recent years. A short-term…
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The True Cost of Selling Your House on Your Own
Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you are currently considering selling your house on your own, here’s what you should know. When…