May 6, 2022 | Business, For Buyers, For Homeowners, For Sellers, Market Trends, Real Estate
In 2006 foreclosures flooded the market and that dramatically decreased home values. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures....
May 3, 2022 | For Buyers, For Homeowners, For Sellers, Local Market Reports, Market Trends, Real Estate
Due to pandemic-related disruptions over the past two years, the real estate market has completely changed and decidedly favors sellers. If you want to take advantage of this market and extract as much value out of your property as possible, now is the time to sell....
Apr 15, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
Even in the face of a daunting struggle – finding a home that met their needs, coming up with the money to afford it, and prevailing in a bidding war, buyers weren’t dissuaded. The top reasons to purchase a home, even in this market, were that buyers wanted to own a...
Apr 14, 2022 | For Buyers, For Sellers, Real Estate
In such an overheated market, with more buyers than homes for sale, it’s good idea to understand the competition. Millennials have made up the biggest percentage of homebuyers since 2014. Approximately 81% of younger millennials, aged 25 to 31, and 48% of older...
Apr 13, 2022 | For Buyers, For Sellers, Market Trends, Real Estate
As the COVID pandemic dragged on, buyers continue to prefer their own space. The majority (about 82%) of home sales were for existing homes. New construction was only about 15% of sales and were mostly buyers that didn’t want to do renovations or have problems with...
Apr 12, 2022 | For Sellers, Market Trends, Real Estate
Many sellers have made a lot of money on the sale of their properties, seeing about $85,000 over what they originally paid for the property. They’d typically lived in their homes for about 8 years and they typically got the prices they wanted for their homes, with...
