Pricing

What Do Supply and Demand Tell Us About Today’s Housing Market?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing /

\"WhatThere’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is […]

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As Home Equity Rises, So Does Your Wealth

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing /

\"AsHomeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. […]

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Two Reasons Why Waiting a Year To Buy Could Cost You

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"TwoIf you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself […]

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Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

For Buyers, For Sellers, Housing Market Updates, Pricing /

\"HomeOne of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House […]

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Understand Your Options To Avoid Foreclosure

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Pricing, Short Sales /

\"UnderstandEven though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If […]

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5 Reasons Today’s Housing Market Is Anything but Normal

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing /

\"5There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]

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What Buyers and Sellers Need To Know About the Appraisal Gap

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing /

\"WhatIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

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