The housing market is unable to sustain what is becoming an increasingly “frenzied demand” for what limited homes there are for sale on the market, analysts said last week. A new report from realtor.com published last week shows that homes are getting more expensive while also selling much faster than before. In the last month, […]
Home buyer demand reaches new highs
August 31, 2020 by
Housing inventory in the U.S. has fallen by 37% since just one year ago. Meanwhile, the increased demand among buyers has led to more bidding wars and a very rapid pace of sales, realtor.com said in its latest Weekly Recovery Report. Now, homes are selling nine days faster than they were a year ago, even […]
9 Tips for Maintaining a Newly Built Home
August 27, 2020 by
Congratulations on moving into your newly built home and I hope you enjoy many happy years living there. Everything is sparkling clean from the floors, to the walls, to the ceilings, and the brand new appliances. However, enjoying life there brings wear and tear and that requires maintenance to keep everything in good shape and […]
Should You Build or Buy Your First Home?
August 21, 2020 by
Getting your first real house is an exciting time in life, even with all the big decisions you need to make. One of the first decisions you might encounter is whether you should build or buy your first home. Both options have their ups and downs, but one of the choices will probably come out […]
Ways to Help Multifamily Buildings Go Green
August 20, 2020 by
Recognizing the sheer amount of waste and pollution we create, people and businesses across the country are taking steps towards greater sustainability by way of both small and large-scale actions. Residential property investors and managers should also seek to make changes that will benefit the environment, as potential tenants will take notice and count them […]
U.S. Home buying activity set to peak in August
August 11, 2020 by
May is usually the busiest month of the year in terms of home buying activity, but with the coronavirus pandemic wreaking havoc with traditional timelines, it looks like August will see the peak of buying instead, according to a new study by realtor.com. The study finds that current growth in home sales, buyer demand and […]
Buyers are sweetening the deal by waiving contingencies
August 3, 2020 by
With home buyers facing tougher competition this year amid ongoing housing shortages, some are trying to gain an edge by waiving contingencies to make their offers look more enticing. Redfin said this week that almost 20% of successful offers submitted by its agents in June in select U.S. markets waived the inspection contingency, compared to […]
Experts say McMansions could come back in fashion
July 27, 2020 by
The coronavirus pandemic has resulted in a reversal in the trend among home buyers for smaller properties. Now, with people being forced to spend more time indoors, buyers are now looking for a much bigger home instead. In other words, so-called “McMansions” are coming back in vogue. “The pandemic has been long enough and deep […]
NAR throws its weight behind “Pandemic savings” bill for first-time buyers
July 24, 2020 by
Rep. Sean Maloney, D-N.Y., proposed a new bill this week to the U.S. House of Representatives that would allow first-time home buyers to withdraw funds, tax-free, from their retirement accounts under the umbrella of coronavirus-related distributions. The funds could then be used towards a down payment on a new home, helping more people to attain […]
