Jun 15, 2021 | For Buyers, Market Trends, Real Estate, Remodeling
According to home builders, the cost of lumber has increased more than 300% since last April with other materials like steel and concrete rising fast as well. The NAHB has reached out to lawmakers for solutions resulting in bipartisan support. Source:...
Jun 8, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
Home prices are surging as high as they’ve ever been, which can mean a significant gap between the sale price and the appraised value. Rushed appraisers can’t always keep up with new data that conflicts with even recent history. One option is a Reconsideration of...
Jun 2, 2021 | Business, For Buyers, For Sellers, Market Trends, Real Estate
99% of metro areas saw home prices increase in the first quarter of the year, according to the National Association of Realtors. Though some cities saw year-over-year jumps as high as 35%, even smaller places saw at least modest rises. Experts credit record-low supply...
May 27, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
Home prices are swelling; buyers and sellers are worried about a market crash. However, today’s market bears little resemblance to the 2008 crisis. Market watchers are wary because the median sale price in February was $313,000, an increase of about 16% from a year...
May 25, 2021 | For Buyers, Market Trends, Real Estate
According to Realtor.com’s Monthly Housing Trends Report, prospective buyers shopping today have 52% fewer homes to choose from than at this time last year. This supply crunch translates to a record median list price of $370,000 (15.6% higher than one year ago). The...
May 21, 2021 | For Buyers, Real Estate
In today’s competitive market, buyers are often waiving their offer’s contingency on inspection. Some realtors report using other options for this bargaining chip that won’t leave the buyer open to bigger issues with the home. An example is rather than skipping an...
