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…

Delayed financing allows homebuyers to purchase a property with cash, then obtain a cash-out refinance mortgage to recoup all, or most, of the money used for the purchase. This strategy lets the buyer make a cash offer on a property, which is more attractive to sellers, especially in a bidding war. Why Use Delayed Financing?…

Prices for goods and services in a market economy are subject to change. So as prices rise, your purchasing power decreases because of inflation. Inflation, however, isn’t necessarily harmful in cyclical free markets. Inflation can bring down entire economies when prices rise too quickly, and the market fails to adjust. In 2022, inflation emerged as…

Buying a home is a very competitive process, sometimes resulting in making offers and waiving the home inspection contingency. However, homebuyers can reserve the right to conduct an inspection to gather information while assuring the seller they will not hold them responsible for repairs. Therefore, most homebuyers should never forgo the home inspection, even when…

The number of homes for sale in January 2023 grew, while the time spent on the market slowed compared to January 2022. However, the growth rate in the total number of homes for sale remained lower than active inventory because fewer homes were under contract last month than in January 2022.

Highlights Compared to January 2022, the number of homes for sale increased by 65.49%. The total number of unsold homes in January has increased by 13.12% compared to January 2022. Home sellers were less active as the year began, with 5.45% fewer homes listed for sale than last January. The median price of homes for…

There comes a time when downsizing your home makes sense. It could be having the kids embark on a life of their own. On the other hand, you may have finally decided to rid yourself of debt. Whatever your reasons may be, downsizing your home requires careful planning and consideration. Mistakes When Downsizing Your Home…

The real estate industry has enjoyed constant growth over the past few decades. According to Statista, its total revenue was $9.5 billion in 2021 and could reach well over $14 billion by 2030. This 4.8% growth rate can be attributed to homeowners learning mortgage-offsetting methods like house hacking. While the concept of house hacking isn’t…