May 2023 was the first time the total number of homes listed for sale declined year-over-year since June 2022. The total decrease in May was 0.2% as fewer potential sellers listed homes. The growth rate was down considerably from April 2023’s rate of 6.2%.

May 2023 Highlights: The number of homes for sale increased by 21.5% compared to May 2022. The total number of unsold homes (including homes under contract) decreased by 0.2% compared to May 2022. Home sellers were less active, with 22.7% fewer newly listed homes than in May 2022. The cost of purchasing a home remained…

Buying or selling a property is a complex undertaking requiring much expertise and experience. That’s why having a Realtor to help guide you through the process and ensure you make informed decisions is important. But how do you choose the right Realtor? Below is a list of crucial factors to consider when selecting a real…

The short answer is a resounding yes. Drone photography and video showcase a home in a way that excites the senses. Buyers get an aerial perspective of the home relative to neighbors and community amenities while learning about the home’s unique features. Therefore, drone photos and videos can significantly boost your listing’s appeal when selling…

When buying a home, the seller often has the advantage and may price the house above the property’s value. Negotiating a real estate deal as a buyer isn’t easy, but it’s not impossible. Here are some tips to get the best deal when buying a home. Understand the Seller’s Position “You can have everything in life…

Fewer home sellers opted to put their homes on the market in April primarily due to feeling “locked in” with a lower interest rate on their current home than available for purchasing a new home. As a result, even though listing price growth slowed, higher interest rates challenged home affordability for many buyers.

Highlights: The number of homes actively for sale increased in April by 48.3% compared to April 2022 and up slightly (0.18%) from March 2023. Home sellers were less active in April, with 21.3% fewer homes listed for sale than in April 2022. The median price of homes for sale increased by 2.5% annually in April…

Your home may be the most valuable asset you own. So when the time comes to sell, you’ll want to get the best price. But that may not be easy because buyers want to purchase your home for as little as possible. So, who will win this battle between sellers and buyers? The answer to…

First impressions are critical in many aspects of life, and it’s particularly true in real estate. The instant potential buyers stop in front of a home, their minds start comparing it to other properties they’ve seen. A savvy seller wants to capitalize on that reaction and make that initial introduction warm and welcoming, inviting someone…

The FHA offers a unique type of product that allows a purchase or refinance mortgage loan to include the expected cost of repairs and renovations. With a minimum 3.5% down payment for qualified applicants, a 203(k) mortgage rehabilitation loan can exceed the purchase price but not the FHA maximum loan amount, which can vary among…