Remove Banks Remove Construction Remove Days on market Remove Finance
article thumbnail

Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

. “For buyers looking for a home in today’s fast-moving housing markets, it’s important to be prepared to move quickly,” says George Ratiu , senior economist at Realtor.com. Median days on market in April: 8. Median days on market in April: 10. Median days on market in April: 12.

Marketing 133
article thumbnail

Residential real estate activity picks up despite low inventory

Housing Wire

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22. After a slow start to the year, housing markets in upstate New York have also started to pick up, with bidding wars and multiple offers becoming more common.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? Line up your financing. Source: (Ryan Quintal / Unsplash). There’s a difference between the two stages.

article thumbnail

Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

During the hot housing market between 2002 and 2007, average home prices jumped by 42% , according to data from the U.S. Federal Housing Financing Agency (FHFA). Sellers can expect to receive offers faster in a seller’s market than in a buyer’s market. Factors that lead to a seller’s market. Homes sell faster.

Marketing 107
article thumbnail

Fed’s Beige Book offers grim news for housing industry

Housing Wire

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts and other sources. Cleveland — Demand for residential construction and real estate remained well below levels experienced earlier in the year.

article thumbnail

Flipping Houses in New York: 5 Cities to Consider

HomeLight

Financing your flip in New York Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector. Wise agrees.

article thumbnail

Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

The sting of the market tumble kept cautious home builders from excessive building in the decade to follow, suppressing inventory while buyer demand continued to grow. Zoning restrictions cause building delays or thwart construction completely: Many cities limit new housing with strict zoning laws and building regulations.