Keeping Current Matters
MARCH 10, 2021
New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. Looking back at the bubble years, house prices exceeded house-buying power in 2006, but today house-buying power is nearly twice as high as the median sale price nationally.”. Bottom Line.
Real Trends
OCTOBER 21, 2022
Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market.
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The Close
DECEMBER 27, 2022
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. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer.
Housing Wire
JANUARY 10, 2022
More inventory is expected from three sources: new single-family construction, ‘pent up’ sellers who had delayed selling during the pandemic and will be ready to move in the spring and borrowers who had exited from forbearance but continue to struggle to remain current. 2022 should be a strong year for housing.
HomeLight
APRIL 29, 2021
A strong economy, reticent home sellers, and lagging new construction all contribute to a seller’s market. Too few resale homes for sale. With competing buyers and rising home prices, you could net more than what recent sales in your neighborhood suggest. Factors that lead to a seller’s market.
HomeLight
JULY 6, 2023
Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. Some MLSs limit “coming soon” status to 21 days unless the property is new construction or undergoing major renovations without occupancy. Closed”- Consider these listings sold. How does a listing status get changed?
Realty Biz
JUNE 24, 2022
The total economic impact of a typical Florida home sale is $112,500, according to NAR. Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, lower than the 1.7%
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