A lack of newly listed homes contributed to an inventory crunch in the nation’s housing market, with fewer homes on the market compared to last year. There was a decline in the number of newly listed homes for sale, and the national median home list price dropped slightly to $440,000 in July.

July 2023 Highlights The median price of homes for sale decreased by -0.9% annually to $440,000 in July, the second month in a row that listing prices decreased on a year-over-year basis. Home sellers were less active in July, with 20.8% fewer new homes listed for sale than last July. The number of homes actively…

Buying a home is a significant investment, and it’s crucial to make informed decisions throughout the process. One critical step in the homebuying journey is conducting a thorough inspection of the property. However, some buyers are tempted to waive the inspection in today’s competitive real estate market. This article outlines compelling reasons why waiving the…

Owning a vacation home is a dream for many people. Whether it’s a cozy cabin in the mountains, a beachfront retreat, or a serene lakeside cottage, a vacation home offers the opportunity to escape from the daily grind and enjoy quality time with family and friends. If you’re ready to turn that dream into a…

Building equity in your home is a key financial strategy that can help you increase your net worth and secure a stronger financial future. Equity represents the value of your property that you truly own and can be a valuable asset that opens up various opportunities. Whether you plan to sell your home or leverage…

Home inventory growth slowed across the country in June as sellers continued to list fewer homes than last year, and buyers competed over the remaining affordable homes for sale. Although the median asking price for a home grew seasonally, June saw the first year-over-year decline in the median list price dating back to 2017.

June 2023 Highlights The total number of unsold homes decreased by 4.6% compared to last June. The number of homes actively for sale increased by 7.1% compared to June 2022, less than half of May’s 21.5% rate. The June inventory growth rate is the fourth month in a row for a slowdown in active listings. Home…

Selling a home can be an exciting yet challenging endeavor. Whether you’re a seasoned homeowner or a first-time seller, the process often demands time, effort, and a strategic approach to attract potential buyers and secure a quick sale. While some aspects of selling a home are widely known and practiced, several lesser-known secrets can give…

In recent years, augmented reality (AR) has become increasingly popular across various industries, including real estate. The technology allows potential buyers to view properties in a unique way that was previously impossible. By integrating AR into real estate showings, buyers can better understand how a property will look and feel before making a purchase. Here’s…

Placing your home on the market is a big decision, and navigating a challenging market can make it easy to get lost in the process. Even in a seller’s market where bidding wars are typical and inventory is in short supply, investing time and money into selling your home for top dollar can pay off.…