Understanding the relationship between local businesses and real estate values provides invaluable insight for business owners and property investors. This relationship is an essential consideration for potential investors and those seeking to enhance the value of their properties. The success of businesses in a given area can be a significant driver of the real estate … Read more
Realtor.com predicts modest economic growth with long-term interest rates, including mortgage rates, to begin a slow decline. The outlook for 2024 includes a dip in home prices, which should help improve affordability for homebuyers. In addition, the number of unsold homes on the market is expected to remain low, and mortgage rates will exceed 6.5% … Read more
Turning a neglected property into a personalized masterpiece can be enticing in real estate. A fixer-upper might appeal to you if you are too attracted to this idea. However, it would be wise to consider the pros and cons with utmost care. This guide explores the potential advantages and challenges of buying a fixer-upper, thus … Read more
The world of real estate is rich with opportunities as much as it is with complexities. One such fundamental part of the real estate transaction is the concept of escrow. Due to its intricate process, this term often confuses buyers and sellers. However, understanding escrow’s meaning and process is vital to making informed decisions in … Read more
The leap from renting to becoming a homeowner is undoubtedly exciting yet challenging, especially for first-time buyers. This comprehensive guide sheds light on going from a renter to a first-time homeowner. Taking the Leap from Renter to Owner Transitioning from a tenant to an owner is a significant milestone. It allows for an opportunity to … Read more
With the advent of technology and its increasing influence on our daily lives, the real estate industry is also seeing a massive shift. Smart home features are the newest norms buyers look at to enhance their lifestyle and convenience. These innovations range from security systems, automated appliances, and smart lighting to temperature regulation devices. This … Read more
Buying a house can often be an emotional rollercoaster, full of anticipation, excitement, and sometimes disappointment. Key to this process is the open house tour, where buyers get firsthand experience of the property, which can significantly impact their decision. This introductory guide aims to arm potential buyers at an open house with valuable tips to … Read more
The inventory of homes for sale continued to grow late into the season as home sellers were less active in October, with 3% fewer newly listed homes compared to 2022. In addition, the number of unsold homes, including homes under contract, decreased by 3.7% compared to last year, while the median price of homes for … Read more
With countless websites, apps, and resources available at the tap of a finger, many homeowners contemplate the “For Sale by Owner” (FSBO) route. However, is this method of selling the best option? Understanding ‘For Sale by Owner’ (FSBO) Before delving into the benefits of hiring a Realtor versus FSBO, it’s vital to understand the essence … Read more
September’s housing inventory grew more than is typical for this time of year. While homes sold fairly quickly, the inventory crunch continued, with 4% fewer homes actively for sale on a typical day in September compared to the same time in 2022.