There are plenty of benefits to investing in real estate. Owning land, houses, and other properties offer excellent returns, tax benefits, steady income, and long-term appreciation. It’s also helpful to diversify an investment portfolio by acquiring various assets, such as real estate. Investing in real estate, therefore, is ideal for those who want to protect … Read more
Gone are the days of driving from house to house and physically taking a tour with a real estate agent. Although some people still prefer this approach to buying their next home, the practice has led to a new way of showcasing homes online with images and videos. Nowadays, potential buyers can peruse properties online. … Read more
Have you been wondering when the best time of year is to buy a home? Several external factors determine the best time to invest in a property, whether it involves getting a mortgage or making an instant purchase. However, the most significant influence tends to be the yearly seasons of winter, spring, summer, and fall. … Read more
In October, the inventory of homes for sale increased by 33% over October 2021. The rate of home inventory growth increased over September and has surpassed 2020 levels. Sellers are less active than last year, and rising interest rates have slowed buyer demand. In October, newly listed homes declined by 15.9% compared to October 2021, … Read more
You might come across listings for homes sold “as is.” These listings grab buyers’ attention because they’re often priced lower than similar properties on the market. A seller’s market could also make would-be buyers eager to act and make an offer without inspecting the property, which 47% of them did in recent years. However, as … Read more
Homeownership continues to be a goal for many people, with it being a sign of stability and financial capability. And for young professionals, it’s often considered an important milestone in their journey toward a secure future. Furthermore, many believe owning your residence is a good investment that will pay off in the long run. However, … Read more
The number of houses sold in the U.S. has steadily risen since 2011, except for 2014 and 2018. In 2021, the United States sold over 6.1 million homes. This number is the highest in the recent history of the country’s real estate market. Experts expect this trend to dip slightly in 2022 and regain its … Read more
The September National Housing Market Report finds continued moderation. Homes are selling less quickly than in September 2021. Home inventory growth is stalling, and listing price growth is slowing. The typical home for sale spent 50 days on the market in September, a full week more than last September.
According to Business Insider, first-time homebuyers represent about 27% of the real estate market. Although there is a 10% drop from what was recorded in 2021, it still constitutes a significant portion of the total annual homebuyers. Since buying or selling a home is one of the most significant transactions you’ll ever make, working with … Read more
Home prices have consistently risen over the past decade. For instance, according to Statista, the median price for a single-family house stood at about $391,200 in April 2022. That represents an increase of over $100,000 since 2018. Mortgage rates have also risen significantly since the end of 2021. You’d expect these sharply higher rates to … Read more