Existing home sales explode, up 27% from last year



Existing home sales have risen for the fifth consecutive month as the housing industry continues to show its resilience in the face of the COVID-19 pandemic. The National Association of Realtors reported Thursday that homes sales are up an astonishing 27% from the same time one year ago. In addition, it was reported this week […]

More homes sell above list price amid buyer competition



In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow analysis has found the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. In September, 22.4% of homes purchased in the U.S. were sold for more than […]

Experts forecast best winter home selling season for years



Home sellers are expected to command higher home prices in the winter due to high buyer demand and low inventories, and that’s an unseasonable trend in the housing market, experts say. “Sellers will have the ball in their court, so to speak, as there are more buyers than sellers,” said Danielle Hale, realtor.com’s chief economist. […]

Tips for Selling Your Home in the Fall



Once the summer is over, there are going to be fewer people looking to buy a home, but you can still sell your property. There are pros and cons of selling your home in all the different seasons. You may be asking yourself if it is better to sell your home in the fall or […]

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 […]