Pricing

Home Price Appreciation Is as Simple as Supply and Demand

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

\"HomeHome price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand […]

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In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

Buying Myths, For Buyers, Pricing /

\"InFor generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price […]

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Why You May Want To Cash in on Your Second Home

For Sellers, Luxury Market, Pricing, Selling Myths /

\"WhyWhen stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported […]

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Dreaming of a Bigger Home? Why Not Buy It This Year?

For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers, Pricing /

\"DreamingAre you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their […]

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6 Reasons to Celebrate National Homeownership Month

First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy /

\"6Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point […]

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How Misunderstandings about Affordability Could Cost You

Buying Myths, First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy /

\"HowThere’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right […]

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Buying a Home Is Still Affordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing, Rent vs. Buy /

\"BuyingThe last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact […]

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3 Things To Prioritize When Selling Your House

For Sellers, Pricing, Selling Myths /

\"3Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid […]

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Americans See Real Estate as a Better Investment Than Stocks or Gold

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

\"AmericansLast month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup […]

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