Millennials are driving the housing market rebound



Younger home buyers aged in their 20s and 30s, who were once seen as being reluctant to enter the housing market, are now driving its recovery during the COVID-19 pandemic, according to the Wall Street Journal. Even before the pandemic began, so-called millennials were starting to increase their home buying activity, accounting for more than […]

Millennials and first-time buyers eye condos



Condominiums are selling for an average 16% lower than single-family homes, and that could make them more attractive for millennials and first-time home buyers, according to a new report by CoreLogic. The report says millennials could be pushed “toward buying condos because they tend to be more affordable than single-family homes and because condos typically […]

“The Golden Girls” home sells for $1M over its asking price



Douglas Elliman agent Rachelle Rosten told the Wall Street Journal she was “shocked” to see a huge amount of interest a mid-century modern home that previously appeared in the 1980s TV sitcom The Golden Girls after listing it for sale. The home was quickly sold for more than a million dollars above its asking price. […]

Agents look to build alliances with new home builders



Home builders are increasingly looking to cement long-term alliances with real estate agents. Builders have become aware that they need a relationship with real estate professional to bring more qualified home shoppers to their sales offices. And with resale inventory being limited at present, agents too know they need to work with builders to give […]

High demand for appraisals is delaying the underwriting process



Home appraisers are struggling to keep up with a sudden surge in home buying and refinancing. As a result, turnaround times for appraisals are increasing, causing delays in the underwriting process, HousingWire reported this week. HousingWire said a survey of lenders showed that many are being quoted two to three weeks for an appraisal, which […]

Downsides of Flat Fee MLS or Entry Only



What Are The Cons of Flat Fee MLS? When things in life seem too good to be true, they usually are precisely that. In real estate, the perfect example is flat fee MLS. Selling your home is a costly experience, so any way of saving money should be jumped at, right? A flat fee MLS […]

Listing prices hit record high in July



The ongoing coronavirus pandemic has done little to stem interest in the housing market. Home prices across the U.S. continue to accelerate, and last month they moved into uncharted territory as the national median listing price reached $349,000 in July – a record high. That’s according to Realtor.com’s latest Monthly Housing Trends report, which noted […]

10 Things You Should Know Before Selling Your Home



10 Things You Should Know Before Selling Your Home David Bartels, Broker of Help-U-Sell Full Service Realty in Westlake Village, California, unveils 10 key pieces of information that prospective home sellers should consider before selling. Irrespective of the external variables impacting the global economy at this time, the resilience of the US real estate market […]

Zillow says homes are selling at their fastest pace for 2 years



Homes are selling faster now than any time since spring 2018, a new Zillow analysis shows. It means that potential buyers should be prepared to strike quickly, and sellers who have been on the fence through the onset of the coronavirus pandemic might now want to list. Though many sellers have taken a wait-and-see approach […]

Remote working could boost home sales, experts say



As Americans increasingly take to working from home, it could start a new trend that sees people move away from pricey areas close to the office, to less expensive areas, according to a report in the Wall Street Journal. Several big technology firms, including Facebook, Square and Twitter, have already said that some employees will […]