Highlights The median list price of homes in the November U.S. housing market is down slightly from October but still lower than a year ago. November was the second consecutive month that annual price gains slowed following a fourteen-month acceleration. Due to a shortage of homes available for sale, many homeowners were reluctant to put…

National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their…

Curb appeal is the first impression a potential buyer gets of your home. A home’s curb appeal refers to its attractiveness when viewed from the street and is essential to consider when putting a home on the market for sale. It helps set expectations for potential buyers and positively influences a home’s value and marketability.…

A pre-approval letter is a document from a lender based on certain assumptions, stating the maximum the lender is willing to lend to purchase a home. When applying for a mortgage pre-approval, the lender typically requires information about your credit, employment, income, debts, and assets to determine your creditworthiness. Documents Needed for Mortgage Pre-Approval Here…

As you prepare to purchase a new home, you’ll hear the terms “pre-qualified” and “pre-approved.” These are key steps in the mortgage application process. However, there are important differences in the two terms that every homebuyer needs to understand. Briefly, being pre-qualified is a first step in the mortgage process that gives you an idea…

Historically, the fall months have less competition for homes. But the pandemic has altered that trend, with many cities seeing housing prices increase by double-digit percentages. The October housing market indicators show market activity improving overall. However, home list prices remain high due to tight inventory and high demand. Since many sellers are also hopeful…

Highlights The October U.S. housing market remains active and improving overall. However, home prices remain high due to tight inventory and high demand. Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that increased construction will help ease the home…

The U.S. housing market remains active. Housing market indicators released in October show market activity improving overall. However, home list prices remain high due to tight inventory and high demand. Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that…

Staging a home will help it sell faster and for a higher price. However, home staging is more than just cleaning, straightening, and rearranging the furniture. Home staging is a way to showcase your home’s best assets to make it appealing to the broadest range of potential buyers. Think of staging as dressing your home…

Is new construction the right way to go when you can’t find the “perfect” home? Finding an existing home can be a frustrating experience, especially when you discover that the “perfect” home just sold. According to Zillow, homes are selling faster than in previous years. In 2020, homes spent an average of 25 days on…