What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC] Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If Continue Reading about What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]
Seller's Market
What Do Supply and Demand Tell Us About Today’s Housing Market?
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand Continue Reading about What Do Supply and Demand Tell Us About Today’s Housing Market?
Is Offering Asking Price Enough If You’re a Buyer?
If You’re a Buyer, Is Offering Asking Price Enough? In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price Continue Reading about Is Offering Asking Price Enough If You’re a Buyer?
It’s Still a Sellers Market [INFOGRAPHIC]
It’s Still a Sellers Market [INFOGRAPHIC] Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can Continue Reading about It’s Still a Sellers Market [INFOGRAPHIC]
The Truth About Today’s Buyer Demand
The Truth About Today’s Buyer Demand When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts. Those of us in the housing market respect that buying or selling a home is a major life decision, and we offer advice based on what the data shows. Despite Continue Reading about The Truth About Today’s Buyer Demand
Why 2021 Is Still a Great Year To Sell Your House
Why 2021 Is Still a Great Year To Sell Your House If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of Continue Reading about Why 2021 Is Still a Great Year To Sell Your House
What Does Being in a Strong Sellers’ Market Mean?
What Does Being in a Strong Sellers’ Market Mean? Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Continue Reading about What Does Being in a Strong Sellers’ Market Mean?
Home Sellers Are in a Sweet Spot [INFOGRAPHIC]
Home Sellers Are in a Sweet Spot [INFOGRAPHIC] Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage Continue Reading about Home Sellers Are in a Sweet Spot [INFOGRAPHIC]
