Have you been wondering when the best time of year is to buy a home? Several external factors determine the best time to invest in a property, whether it involves getting a mortgage or making an instant purchase. However, the most significant influence tends to be the yearly seasons of winter, spring, summer, and fall.…

In October, the inventory of homes for sale increased by 33% over October 2021. The rate of home inventory growth increased over September and has surpassed 2020 levels. Sellers are less active than last year, and rising interest rates have slowed buyer demand. In October, newly listed homes declined by 15.9% compared to October 2021,…

Highlights The national inventory of active home listings increased in October by 33.5% and has caught up to 2020 levels. Growth in active listings is primarily due to homes spending more time on the market than last year. Sellers were less active as the number of newly listed homes declined by 15.9% over October 2021.…

You might come across listings for homes sold “as is.” These listings grab buyers’ attention because they’re often priced lower than similar properties on the market. A seller’s market could also make would-be buyers eager to act and make an offer without inspecting the property, which 47% of them did in recent years. However, as…

Homeownership continues to be a goal for many people, with it being a sign of stability and financial capability. And for young professionals, it’s often considered an important milestone in their journey toward a secure future. Furthermore, many believe owning your residence is a good investment that will pay off in the long run. However,…

The number of houses sold in the U.S. has steadily risen since 2011, except for 2014 and 2018. In 2021, the United States sold over 6.1 million homes. This number is the highest in the recent history of the country’s real estate market. Experts expect this trend to dip slightly in 2022 and regain its…

The September National Housing Market Report finds continued moderation. Homes are selling less quickly than in September 2021. Home inventory growth is stalling, and listing price growth is slowing. The typical home for sale spent 50 days on the market in September, a full week more than last September.

Highlights Homes are selling less quickly than in September 2021. The national home inventory of active listings increased 26.94% over last September. Sellers are less active than last year, with newly listed homes declining by 9.8% over last September. New listings have decreased every month since June 2022. Homebuyers should see less competition and slightly…

According to Business Insider, first-time homebuyers represent about 27% of the real estate market. Although there is a 10% drop from what was recorded in 2021, it still constitutes a significant portion of the total annual homebuyers. Since buying or selling a home is one of the most significant transactions you’ll ever make, working with…

Home prices have consistently risen over the past decade. For instance, according to Statista, the median price for a single-family house stood at about $391,200 in April 2022. That represents an increase of over $100,000 since 2018. Mortgage rates have also risen significantly since the end of 2021. You’d expect these sharply higher rates to…