REAL ESTATE BLOGS

OCTOBER 2022 The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report. Additionally, we have further examined all of the individual Continue Reading

This untraditional practice can lead to costly headaches the buyer didn’t see coming How hot is the real estate market? Homes are selling so quickly that buyers are waiving home inspections. That might get them a home, but it also might get them into unforeseen trouble. “Unless it’s a crazy Continue Reading

By Kerry Smith Most loans now consider “on-time rent payments” if buyers agree to monitoring, but this seemingly similar new program could help some independent contractors. With the buyer’s permission, lenders who plan to sell a mortgage to Freddie Mac will be empowered to include the buyer’s bank account data Continue Reading

Inflation Edges Higher, Affecting Housing April 13, 2022 National Association of REALTORS® The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer price index’s jump. “Aggressive inflation will force the Federal Continue Reading

When buying a home, it’s important to think carefully about your offering price—but also your offering terms. Most purchase offers define both. And in some cases, terms and conditions can represent thousands of dollars in additional value for buyers—or additional costs. Terms may include inspections, requests for specific property repairs, Continue Reading

By Ana Durrani Aug 25, 2022  If you’re a buyer in the market for a move in-ready home, you’re bound to see a few properties that were purchased with the intent to be sold as flips. A flipped house is one that has been purchased by someone (typically an investor), fixed up, put back on Continue Reading

Crime rate can be one of the deciding factors of where families settle down. Based on the metro areas’ murder and property crime rates per 100,000 people, determined by the FBI crime reports, these are the safest places to live in the country. According to U.S. News & World Report, Patrick Continue Reading

Key Highlights Homes typically sold at a record pace of one week and received full asking price from July 2020 through June 2021. Tenure in the home dropped from 10 years to eight years, the largest year-over-year decline in the history of the data set. Eighty-seven percent of buyers used Continue Reading

To avoid any grief in the future, here are a few important items to know when your considering buying a condo. A condominium isn’t at the top of every buyer’s wish list, but they are ideal for many clients. With everything from small, four-unit buildings to towering complexes with hundreds Continue Reading