The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy ... » Learn More about Home Prices: What Happened in 2020? What Will Happen This Year?
Sellers
Where Have All the Houses Gone?
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage ... » Learn More about Where Have All the Houses Gone?
Is It a Good Time to Sell My House?
Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie ... » Learn More about Is It a Good Time to Sell My House?
Pre-listing Home Inspections
The condition of a home is a big factor when pricing a property for sale. A home in better condition will get a better price than a home that is in need of extensive repairs or upgrades. How do you know what kind of condition your home is in? A pre-listing home inspection. A professional ... » Learn More about Pre-listing Home Inspections
How Much Leverage Do Today’s House Sellers Have?
The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% ... » Learn More about How Much Leverage Do Today’s House Sellers Have?