The biggest challenge in the real estate sector today is the lack of homes for sale. The low housing supply has resulted in home prices rising nationally at a much faster rate than we’ve seen historically. There are many reasons for the limited number of homes on the market, but as you can see in […]
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What First-Time, Repeat Buyers Fear Most
The home buying process can be intimidating for both first-time buyers and those on the go. According to a new survey from Ally Home, just over half of Americans say they feel nervous about the real estate buying process. Indeed, more consumers fear buying a home than managing their fear of commitment (89%), filing income […]
Price hikes in Las Vegas pushing renters, buyers out of market
In our Meadows to Metropolis series, we look at the explosive growth of the valley, as we certainly feel some serious housing growth challenges. 13 Action News anchor Tricia Kean spoke with local experts who say whether you’re looking to rent or buy, some people just won’t be able to afford Las Vegas anymore. DREAM […]
Renters Missed Out on $51,500 This Past Year
Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from […]
Home Inspections: What Items Need to Be Fixed?
Repair requests after a home inspection often are the last major hurdle to clear on the way to settlement for home sellers. Sometimes the inspection report can leave buyers uncertain about what inspection repairs truly need to be fixed and what’s up for negotiation. Many buyers over the last few months had been waiving home […]
5 Real-Life Properties That Inspired Horror Films
Scary season again! To celebrate, we take a look at some of the real-life notorious houses that inspired popular Hollywood horror movies.From the Amityville Horror house to the Old Arnold Estate in Rhode Island that inspired the first Conjuring film, these properties pique public interest, but very often fetch sale prices that are well below […]
The most affordable marketplaces for first-time buyers
Many first-time buyers find it difficult to get a higher price. The National Association of Realtors® reported that the median price of existing homes in September rose to $352,800, up 13% year over year. Repeat buyers usually use the equity in their current home for a down payment on their next home. “But first-time buyers […]
Bidding war hits low in 2021
Homes are still selling at a brisk pace, but the number of bidding wars for individual listings has dwindled this fall. Only 58.9% of home offers faced competition in September, the lowest level for 2021 so far, according to a market index produced by Redfin based on offers written by its agents. That’s down from […]
Analysts say housing boosts the global economy
Both home prices and mortgage rates rose. But this doesn’t scare off potential buyers, as the housing market remains dynamic. Housing starts and existing home sales are still higher than they were a year ago. While some sectors of the economy are stabilizing, the housing market continues to boom, which is translating to great news […]
There are more houses now than this spring
There’s been a lot of talk lately about the difficulty of finding a home. While housing supply remains low, there are some important things to understand about the supply of homes for sale as year-end approaches. The Number of Homes for Sale Usually Peaks in the Fall In the residential real estate market, trends generally […]
