Your home may be the most valuable asset you own. So when the time comes to sell, you’ll want to get the best price. But that may not be easy because buyers want to purchase your home for as little as possible. So, who will win this battle between sellers and buyers? The answer to…

First impressions are critical in many aspects of life, and it’s particularly true in real estate. The instant potential buyers stop in front of a home, their minds start comparing it to other properties they’ve seen. A savvy seller wants to capitalize on that reaction and make that initial introduction warm and welcoming, inviting someone…

The FHA offers a unique type of product that allows a purchase or refinance mortgage loan to include the expected cost of repairs and renovations. With a minimum 3.5% down payment for qualified applicants, a 203(k) mortgage rehabilitation loan can exceed the purchase price but not the FHA maximum loan amount, which can vary among…

Home inventory growth slowed in March 2023 as fewer sellers put their homes up for sale than in March 2022. The March 2023 inventory increase was 9.3% compared to February’s 13.3% growth. However, experts expect the coming spring housing market to be busier than this past winter.

Highlights The number of homes for sale increased in March by 59.89% compared to March 2022. The total number of unsold homes, including those under contract, increased by 9.34% compared to last March. The median price of homes for sale increased by 6.26% annually in March, lower than February’s growth rate of 7.85%. In March,…

The number of homes sold peaked at almost 7 million in 2021 after steady growth in the previous ten years. Although sales will likely drop in 2023, many people still want to purchase their first home. Besides budgeting to buy the home, homebuyers must also set aside funds for home maintenance. Purchasing a property is…

The global demand for house painting services continues to grow. But what’s the reason for this notable trend? First, there is an increasing focus on property improvement. Plus, many owners are trying to make their homes more appealing. The fact that exterior painting makes a property stand out is also a huge contributor to the…

Around 16% of Americans have moved to a different state since 2019, which is about the same level experienced in the late 1980s, but twice the average percentage of the few years preceding 2018. However, several factors contribute to this trend, such as employment or job transfers to a new location. In addition, adventure and…

Highlights Home sellers were less active in February, with fewer homes listed for sale than in February 2022. In February, homes spent 67 days on the market, 23 days longer than last February but shorter than before the pandemic. The number of homes for sale increased by 67.79% compared to February 2022. The total number…

Home inventory growth in February accelerated from January’s rate due to homes spending more time on the market. In addition, the number of homes under contract (including pending listings) in February was smaller than January’s decline; this could mean that the housing market is starting to stabilize at a relatively low level of existing home…