After two years of record-setting activity, there are signs the housing market might be cooling. High
home prices and a surge in mortgage interest rates are slowing buyer activity, with home sales declining
for the third consecutive month under the weight of soaring homeownership ...
Median Sales Prices in Washtenaw County increased 12.4 percent to $422,500 for Single Family homes and 14.8 percent to $280,000 for Townhouse/Condo homes. Days on Market decreased 32.0 percent for Single Family homes and 52.8 percent for Townhouse/Condo homes. Months Supply of Inventory ...
In theory, there's no rule about how quickly a seller has to respond to purchase offers. You can take as long as you want before responding since there is no official time frame. However, the industry standard is to get back to interested buyers within 24 to 72 hours. This is a common courtesy ...
New Listings decreased 17.4 percent for Single Family homes and 4.1 percent for Townhouse/Condo homes. Pending Sales increased 14.2 percent for Single Family homes and 35.0 percent for Townhouse/Condo homes. Inventory decreased 51.9 percent for Single Family homes and 51.6 percent for ...
The coronavirus pandemic turned the real estate market into a frenzied rollercoaster ride for both buyers and sellers. Especially because of the historically low mortgage rates coupled with the inventory shortage. But with the pandemic subsiding, the burning question is, what will happen ...
The U.S. real estate market remains hot ahead of the spring selling season, with existing national home sales up 6.7% as of last measure, according to the National Association of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed ...
The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low ...
Selling a home is a serious venture for any homeowner. The process could be both time-consuming and emotionally challenging, more so if you've never done it before. You’d get anxious just thinking about all the steps it takes to list and sell your home. Or be overwhelmed by the fact that ...
Fervent buyer demand, driven by pandemic-induced changes to housing needs and preferences, reached extraordinary levels in 2021. The inventory of homes for sale remained low, as home seller activity did not rise proportionally to meet this demand. New construction activity, while ...
Nationwide, the 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of ...
The home buying and selling journey is a massive undertaking for anyone. It takes plenty of time, expertise, negotiation, patience, and sometimes, even a little bit of luck. And as far as luck goes, many follow these superstitions still, even when it comes to real estate. And since it's the ...
The U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and spend time with loved ones
Your home is one of your biggest investments, which means when you decide to sell, it is also one of the largest transactions you will undertake. This is why it's critical that you become pickier when hiring a real estate agent to help sell your home. You want to make sure you’ll be ...
There are several reasons why homeowners choose to DIY various home repair projects. It might be due to budget limitations, to save money, or just to enjoy a good challenge and proudly build sweat equity. However, substantial tasks are considered too technical, too difficult, or just too ...
Savvy home buyers and sellers often have the same goal: to get the best price possible for and out of their biggest investment. For many sellers specifically, it means selling their home for top dollar and within their predetermined time frame.
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Adding a fresh coat of paint is one of the cheapest and easiest ways to give your home the makeover it deserves. It breathes new life into your space, no matter if you're painting the interior or exterior of your home.Whether you are a typical homeowner who wants to refresh your space or a ...
When thinking about putting their property on the market, homeowners often need to ponder on this question: should they renovate or not before selling? Since it's every home seller’s goal to make sure they get the best price for their biggest investment, it’s important to determine ...
When it comes to selling a home, first impressions make a huge difference. And sometimes, you only have one shot to convince a potential buyer to take a look at your home and step inside it. You want your property to have a “wow” factor to entice them to inquire further.This is ...
It's natural for many sellers to be hesitant to accept the first offer they receive on their home. They may want to entertain multiple offers from interested buyers and could even be thinking about potential bidding wars.
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Your home may be your biggest financial asset and investment, but once you decide to sell, everyone will agree that it's also more of an emotional journey. After all, you’re not just leaving a home that you loved—you’re ending a “love affair” with a place ...
