Sellers are dropping their asking prices as housing market slows

As signs of a real estate market slowdown grow across the country, many sellers are resetting their home price expectations. Recent data suggests that both new home and existing home sales are falling, as well as pending home sales. The latter fell for the sixth consecutive month in April to its lowest pace in almost

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Home inventory jumps as sellers worry demand may fall

Sellers are getting worried that they could miss the home buying frenzy and are consequently accelerating their timelines to try and sell up before demand softens too much. As home inventory is a variable factor in today’s real estate market. There are some important signs that the real estate market is slowing across the U.S.

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Five Top Agents in Rocky Mount, North Carolina

A roundup of some of the top real estate professionals in the Rocky Mount, North Carolina region based on reviews and other key performance criteria.

Survey suggests more housing inventory might be on the way

There’s hope that more housing inventory may arrive to relieve some of the pressure on buyers. According to a new survey by realtor.com, as many as 64% of the 3,000 prospective home sellers it surveyed recently are planning to list in either spring or summer. Realtor.com’s senior economist and manager of economic research George Ratiu

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What Buyers Can Do in an Extreme Sellers’ Market

Here is some bright news for buyers, according to Realtor.com, new MLS listings were up in early to mid-April by about 40% over last year. But that statistic needs to be kept in context. At this time last year, pandemic fears were in full swing. Listings dropped while people tried to figure out what was

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Home sellers believe they’re in control and have big expectations

Home sellers are expecting multiple offers on their homes and bidding wars that will enable them to fetch a much higher price than its current value, due to current housing market conditions. It’s well known that the U.S. residential real estate industry is a seller’s market, and most homeowners who’re planning to sell believe they

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Sellers still call the shots, but market dynamics could change

Realtor.com said in its latest Weekly Recovery Report that the housing market is still outperforming historical standards, with average home prices rising to new highs and homes selling faster. Danielle Hale, chief economist at Realtor.com, said sellers continue to call the shots in the housing market today, with new inventory vanishing almost as soon as

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Sellers holding buyers back as the country slowly reopens

Home buyers are still as enthusiastic as ever, rushing to view homes when and where they can despite the ongoing coronavirus pandemic. But cautious home sellers appear to be holding them back, CNBC reported this week. “We’ve had buyers ready, willing, and able, and the sellers have been the ones who have pulled their homes,

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Now is the time to list your home, experts say

The COVID-19 pandemic may have prompted some home sellers to put off their listings and wait for better times, when restrictions on people’s movement has been lifted. But real estate experts say that in fact, now is the best time to list your home. Forbes.com reported that real estate agents are seeing unprecedented levels of

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Real Estate Advice For Home Buyers and Sellers

Useful Tips For Home Buyers and Sellers Buying or selling a home is one of the most stressful experiences when you have never done it before. Even when you have moved multiple times in your life, it is an event that can cause consternation. There are good reasons why so many articles are published offering

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