If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today.
Some Highlights Today’s housing market is different than it was in 2008. Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity. If you’re concerned about a crash, meet with a local real estate professional to discuss why this isn’t like last time.
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low...
Some Highlights The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market.
As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color.
The Federal Housing Administration has announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions until at least Jan. 31, 2021.
Foreclosures increased 20 percent during the month of October when compared to September.
The median sale price of homes jumped 11% year over year by July 25. The price, $315,000, its the highest sale price registered since 2014.
Home buyers today face high hurdles. We take a look at how to acquire a home, despite the odds, in this failed state.
Statistics show that the real estate market is not going through its best moment, which brings us to question, how has COVID-19 impacted the housing supply?
Check out this incredible listing in Georgetown, MA! 5000 Sq. Ft. of comfortable luxury.
The Northland Newton Project is the future green neighborhood that will connect the Upper Falls Village in the city of Newton to Needham Street. Check it out!
Read this post and learn to win a housing bidding war!
You may have found the home of your dreams, but be prepared to fight to make it your own.
Bidding wars aren’t as common as they once were, but there’s still a chance you could find yourself facing competitive bids from other home shoppers.
And though housing inventory is rising, there’s still a shortage of supply on the market overall.
In May 2019, inventory was at just a 4.3-month supply, up from 4.2 months in April, according to the National Association of Realtors [...]
If you are currently house hunting or thinking about it, read this post! and be prepared for what is to come.
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