Selling a home could come with some challenges, especially in today’s technologically forward environment. Homebuyers are from a younger generation who have come to expect everything to be online and available at their fingertips, and taking a tour of their dream home is no exception. In the United States alone, Statista reports around 7 million…

The median home price growth rate slowed in December, dropping below 10% for the first time in 12 months. The national median home list price was $400,000 in December, down from a record high of $449,000 in June. It is the first time that listing price growth has fallen below double digits since December 2021.

Highlights The number of homes for sale increased by 54.7% compared to December 2021. Home sellers are less active, with 21.0% fewer homes listed for sale compared to December 2021. The median price of homes for sale increased by 8.4% in December over last year. The rate of median price growth has slowed, dropping below…

If you’ve searched for homes or other real estate properties, you’ve probably heard about a Homeowner’s Association (HOA) and Property Owner’s Association (POA). There are almost 360,000 HOAs in the U.S. as of 2021. Although the terms HOA and POA are often used interchangeably, the two organizations have very different functions. What Is a Homeowner’s…

Purchasing a new home can be daunting, especially for first-time homebuyers. But, perhaps the most intimidating and time-consuming stage is the home-closing process. Depending on demand, market conditions, and the season, it takes between 30 to 60 days to close on a home. During the closing period, many things can happen. In fact, some of…

A mortgage escrow account is one of the terms you’re likely to come across in your home purchase process. Moreover, a mortgage escrow account comes into play after you’ve bought the house. If you’re not sure how this concept works, you’re in the right place. Keep reading to learn more. According to a Statista report,…

Nationally, November’s inventory of homes actively for sale increased by 46.8% over November 2021. This growth in active listings was the most significant month-over-month increase since May 2022 and the first positive annual home inventory growth rate since June 2019.

Highlights The national inventory of active listings increased by 46.8% over last year. The increase in active listings was more than 13 percentage points over October 2022. The growth in active listings was the most significant month-over-month increase since May 2022, when home inventory had its first positive annual growth rate since June 2019. The…

Gone are the days of driving from house to house and physically taking a tour with a real estate agent. Although some people still prefer this approach to buying their next home, the practice has led to a new way of showcasing homes online with images and videos. Nowadays, potential buyers can peruse properties online.…

There are plenty of benefits to investing in real estate. Owning land, houses, and other properties offer excellent returns, tax benefits, steady income, and long-term appreciation. It’s also helpful to diversify an investment portfolio by acquiring various assets, such as real estate. Investing in real estate, therefore, is ideal for those who want to protect…