New data from realtor.com shows that homes are selling faster now than they were at this time one year ago, as buyers compete for limited inventory in the housing market. Inventories are down 28% from a year ago, while the National Association of Realtors reported last month that existing home sales fell to an all-time
24% of consumers embrace virtual home buying
Real estate professionals might be forgiven for thinking the coronavirus pandemic would hit their businesses hard, but instead, it seems that consumers are more than willing to embrace online listings, detailed photos and virtual tours of the homes they’re interested in. In fact, many are quite willing to put down an offer on a home,
Realtor.com launches noise indicator to help home buyers
Price, schools, commute times, crime rates and noise levels are the most important factors to consider when shopping for a new home, according to surveys of consumers by realtor.com. The first four are easy enough to determine from reports, but when it comes to noise levels, it’s tough for the average buyer to get any
Buyers set to struggle as U.S. housing inventory hits record low
Housing supply in markets across the country is in extremely short supply, so much so that home buyers may well find it difficult to find a suitable property this spring. Indeed, the country’s existing housing supply declined by its steepest year-over-year decrease for 4 years in January, falling by 13.6%, according to realtor.com. The supply
Realtor.com warns of lower housing inventories
A report from realtor.com suggests that housing shortages are likely to get worse over the next year. The blame is being placed on a “housing shift” that will result in less homes being listed for sale, making it tougher for buyers to find a suitable home, even though the current low mortgage rates mean that