Mar 15, 2021 | For Buyers, Home Financing, Market Trends, Real Estate, Rent vs Own
Right now, headlines suggest that homes have become unaffordable for most Americans. But in reality, evidence shows that owning a home is more affordable than renting in most parts of the country. Record-low interest rates are keeping monthly mortgage payments about...
Mar 15, 2021 | For Buyers, For Sellers, Home Financing, Market Trends, Real Estate
Overall housing inventory plummeted 43% in January compared to the same time in 2020. New listings were also down by 23% year over year. The home shortage increased the median home prices by 15.4%. The market is so tight that the typical home spends 10 days less on...
Mar 2, 2021 | For Buyers, Home Financing
FICO, Experian, Equifax and TransUnion are all different credit bureaus calculating credit scores. A borrower’s credit score will impact mortgage pricing. If there is a significant difference in the expected score and the actual score, this may indicate fraud or an...
Feb 2, 2021 | For Buyers, For Sellers, Real Estate
Homebuyers liked the convenient and innovative ways agents showed homes and closed on properties during COVID. Those practices may be here to stay. Buyers continue to want self-guided tours, high quality listing photos, detailed listing descriptions, video tours...
Jan 29, 2021 | For Buyers, For Sellers, Local Market Reports, Market Trends, Real Estate
2020 has been anything but typical – and not necessarily in a good way. But one thing is for certain: the housing market has been booming in recent months due to high buyer demand. After a dip in real estate transactions due to the initial COVID-19 outbreak, buyers...
Jan 21, 2021 | For Buyers, For Sellers, Local Market Reports, Market Trends, Real Estate
Homes available for sale at the end of November 2020 were down 22% from a year earlier. It is the lowest inventory count since the National Association of Realtors began tracking in 1982. It is not surprising that home prices are shooting up thanks to strong demand...
