Sep 14, 2021 | Downsizing, For Buyers, For Sellers, Local Market Reports, Market Trends, Real Estate
Home price growth has accelerated in the past year as buyers frantically competed for a limited number of houses on the market. Sales of new and existing homes have declined a bit in the past few months, mainly due to prices. Lawrence Yun, NAR’s chief economist...
Jul 26, 2021 | Market Trends, Remodeling
After rising to shockingly expensive levels this spring, lumber prices have fallen so far that they are starting to look cheap to some buyers. Homebuilders say they expect to collect higher profit margins rather than drop asking prices. That is typical following...
Jul 20, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
“The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” Freddie Mac chief economist Sam Khater said in the report. “While this decline is not large, it provides modest relief to borrowers who are...
Jun 30, 2021 | For Buyers, Market Trends, Real Estate
Considering buying a home in this real estate market? Competition is fierce, and other buyers can be ruthless. Bidding wars are more and more common, and buyers often get caught in a multiple offer situation. Set your emotions aside. In this market, you want to try...
Jun 28, 2021 | For Buyers, For Sellers, Market Trends, Real Estate
The NAR’s generational trends report reveals that each generation is seeking something different in a home, with some similarities. And despite an increasing reliance on the internet to help homebuyers manage the process, they still seek the help of Realtors to find...
Jun 24, 2021 | For Buyers, For Homeowners, For Sellers, Local Market Reports, Market Trends, Real Estate
Friends and Clients, Even after more than a year in a frenzied market, home prices continue to soar. This is great news for those who own homes in our marketplace. The Case-Shiller National Home Price Index measures the average home prices in major markets across the...
