One reason for a delay in the closing of a home sale is a problem with the appraisal. Issues with the appraisal result in 18% of home sale delays and are the second most common reason to hold up a home sale (obtaining financing is number one). Appraisal problems can not only delay the closing,…

According to the real estate brokerage firm Redfin, the average homeowner stays in their home longer than they used to. In 2010 a typical homeowner stayed eight years in a home. In 2019, the average was 13 years. Longer homeownership helps drive increased homeowner equity. It is one of the bright spots of the 2020 real estate…

September housing activity has improved overall, but it remains a seller’s market. The indicators for the National Housing market as of September reveal activity has improved overall. While it is still very much a seller’s market, there is movement as we see more homes come onto the market. There also appears to be a decline…

Highlights September housing activity has improved overall, but it remains a seller’s market. More homes are coming onto the market, and there appears to be a decline in the number of buyer bidding wars. Demand remains elevated, and buyers are quickly snapping up homes. The typical home spent 43 days on the market in September,…

The indicators for the National Housing market as of September reveal activity has improved overall. While it is still very much a seller’s market, there is movement as we see more homes come onto the market.  There also appears to be a decline in the number of buyer bidding wars. Chris Glynn, an economist at Zillow…

Home prices in the U.S. have climbed at a record pace during the pandemic, with many homes selling above their asking price. The trend continued in August. However, the buyer demand still outpaces the supply; but the growing inventory is giving home shoppers a little breathing room.

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room like the kitchen or den that can double as a home office. Spending extra time at home and the desire for more space, both…

Highlights: National housing market indicators show housing market activity improving overall. The pandemic has seen one of the tightest housing markets in a long time. Home prices in the U.S. have climbed at a record pace during the pandemic, with many homes selling above their asking price. Buyer demand still outpaces the supply.

National housing market indicators as of August showed housing market activity improving overall. The pandemic has seen one of the tightest housing markets in a long time. Now, after hitting a 40-year low, the housing market is slowly seeing an increase in inventory. Home prices in the U.S. have climbed at a record pace during…

Highlights: The five-month streak of record-setting home prices has ended, and the home supply is beginning to inch up. The median home sale price was $362,750 and did not set a new, record high for the first time since early March. Trends for home prices, sales, and new listings are beginning to resemble the typical…