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
Home inventory jumps as sellers worry demand may fall
May 30, 2022 by
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.
Five Top Agents in Rocky Mount, North Carolina
May 19, 2022 by
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
April 11, 2022 by
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
What Buyers Can Do in an Extreme Sellers’ Market
May 24, 2021 by
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
Home sellers believe they’re in control and have big expectations
May 20, 2021 by
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
Sellers still call the shots, but market dynamics could change
September 15, 2020 by
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
Sellers holding buyers back as the country slowly reopens
May 14, 2020 by
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,
Now is the time to list your home, experts say
April 26, 2020 by
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
Real Estate Advice For Home Buyers and Sellers
March 21, 2020 by
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
