6 Things To Know Before Buying A Home In San Francisco

From bay views to rolling hills and skyscrapers, there’s no doubt that San Francisco is one of the top choices for homebuyers seeking a place that has it all. However, it’s essential to note that having it all doesn’t usually come cheap. If you’re planning to buy a home or looking for homes for sale

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Home prices are rising faster in areas without mass transit

Home prices in areas without mass transit services are rising almost twice as fast as those where public transportation is widely accessible, a new study has found. The Redfin study found that the median home sale price in what it calls “car-dependent areas” has risen by 32.8% to $418,100 since January 2020. At the same

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Comparing Zillow and Redfin Market Value Estimation

Comparing Zillow and Redfin as two of the best real estate valuators powered by data. In the end, get an appraiser.

Foreclosure activity rises, prompting fears of more to come

Housing market analysts have raised concerns that we could see a rise in foreclosures once COVID-19 pandemic-related moratoriums end, and indeed, activity is already increasing even with those bans in place. A report from ATTOM Data Solutions this week shows that foreclosure filings in March rose by 5% compared to the previous month, even as

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Bidding wars heat up, but buyers are undeterred

Home buyers in the U.S. are facing increasingly fierce bidding wars, but even as prices rise and competition heats up, they’re not giving in. A new survey by the National Association of Home Builders last week found that around 40% of prospective home buyers have been unable to purchase one because they keep getting outbid,

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Economists blame low mortgage rates for rising home prices

Home prices have risen by double-digits in recent months, and that’s all the more bewildering during an economic crisis like the one we’re going through now. Experts say the reason could be the 30-year fixed-rate mortgage, which hit a record low average of 2.81% just last week. “The combination of what could be the lowest

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Home sales are taking longer

People who’re trying to sell their home during the COVID-19 pandemic are being warned they’ll need to be a bit more patient than usual, as the process is likely to take a little longer. That’s according to the latest realtor.com survey, which found that homes are taking an average of 15 days, or 27%, longer

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Zillow says home prices to rebound in 2021

Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% – or more than 1.7% year over year – in the wake of the coronavirus, according to a forecast released by Zillow last week. The forecast says home sales will fall as much as 60% this spring and take

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Freddie Mac says the U.S. needs at least 3.3 million more homes

Home buyers are struggling to find an ideal property to buy due to a shortage of inventory across the nation, and things will likely get worse before they improve, according to a new study by Freddie Mac. Freddie Mac’s study reveals that there is a shortage of 3.3 million homes in the U.S. It puts

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Why the next recession won’t bring down home prices

The resilience of the housing market is such that it will likely survive the next recession without home prices taking a substantial hit, according to a new report from title insurance firm First American Financial Services. “While the housing crisis is still fresh on the minds of many, and was the catalyst of the Great

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