article thumbnail

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

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

article thumbnail

Pros and cons of buying out-of-state rental property in 2022

Housing Wire

Market Growth. Look at the area’s market both today and historically. A good measure is to look at the days on market (DOM). Today most markets have a DOM of 30 days or less, which is a hot market. Anything more than that, and it may not be a market you want to invest in.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Newark Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

Market Balance and Median Days on Market Newark, NJ exhibited a balanced market in August 2023, signifying equilibrium between supply and demand in the housing sector. The median days on market for homes in Newark, NJ was 41 days , illustrating the average time it takes for homes to sell.

article thumbnail

Billings Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

The current market scenario designates Billings, MT as a buyer's market , with the supply of homes surpassing the demand, offering prospective buyers a favorable environment for real estate transactions. Market Performance and Days on Market The median days on market for homes in Billings, MT was 38 days.

article thumbnail

Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.”

Marketing 402
article thumbnail

Bend OR Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

Median Days on Market: 45 Days On average, homes in Bend, OR sell after 45 days on the market. It's worth noting that the trend for median days on the market in Bend, OR has experienced a slight increase since the previous month and a marginal rise since the previous year.

article thumbnail

Syracuse Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

A balance between supply and demand signifies a market that is neither overly skewed in favor of buyers nor sellers, providing opportunities for both parties. These stats show that Syracuse, NY's real estate market presents a dynamic landscape with its own set of trends and intricacies.