Remove Closing Remove Days on market Remove Equity Remove New Construction
article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 439
article thumbnail

How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. If stage 5 is the safest opportunity for investors to take a chance on a real estate market cycle, then stage 8 is the opposite.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

HomeLight

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Seller’s market: The odds are in your favor. Factors that lead to a seller’s market.

Marketing 109
article thumbnail

Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

On average, homes in Allegheny County, PA sell after 57 days on the market. The trend for median days on market in Allegheny County, PA has gone up since last month, and slightly down since last year. What Makes Pittsburgh Real Estate Market Attractive For Investment? This situation is also called negative equity.

article thumbnail

2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

As the year came to a close, optimistic inflation data helped reduce housing interest rates to below 7%. Homeownership is a long-term investment that can lead to significant net worth gains, even with rates above 6%,” advises Dean Hayes, Area Sales Manager with Bay Equity , a Redfin company. There were 1.25 year-over-year dip.

article thumbnail

2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). Some well-priced homes can see multiple bidding wars, while others may sit on the market for weeks.” a Redfin company. million in 2022.

article thumbnail

I Need to Sell My House Fast in San Diego: What Are My Options?

HomeLight

If you need to sell your house fast in San Diego, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity quickly, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. No showings, no repairs, no open houses.