Homebuilders and sellers are increasingly offering concessions and incentives, such as assistance with closing costs and mortgage rate buy-downs, to attract buyers in a competitive market. Over 44% of existing home sellers provided concessions recently, indicating a shift towards buyer advantages as inventory rises. This trend presents opportunities for potential homebuyers.
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Housing Market Forecasts for the Second Half of the Year
The housing market is showing signs of improvement, with expert projections indicating a slight decline in mortgage rates and increased inventory, potentially easing affordability for buyers. While home prices are expected to rise modestly, the pace of growth will slow. Buyers are encouraged to consult local agents for specific market insights.
A Tale of Two Housing Markets
The housing market is evolving from a strong seller’s market to a more balanced environment, allowing buyers more negotiating power. This shift varies by region, with some areas experiencing increased inventory. Understanding local market conditions is essential for making effective real estate decisions, making it crucial to consult with local agents.
What’s Your House Worth Now? The Answer May Surprise You
Many homeowners underestimate their home’s worth and the equity built over time from rising market values and mortgage payments. With an average equity of $311,000, this can be leveraged for buying a new home, renovations, or starting a business. Understanding your equity opens up financial opportunities for the future.
Do You Think the Housing Market’s About To Crash? Read This First!
Lately, it feels like a lot of people have been asking the same question: “Is the housing market about to crash?” If you’ve been scrolling through social media or watching the news, you might have seen some pretty scary headlines yourself. That’s why it’s no surprise that, according to data from Clever Real Estate, 70%Continue reading “Do You Think the Housing Market’s About To Crash? Read This First!”
The #1 Thing Sellers Need To Know About Their Asking Price
When selling a home, accurate pricing is crucial due to changing market dynamics and increased inventory. Overpricing can deter buyers and result in lower offers. Agents play a key role in setting competitive prices based on market data. A well-priced home attracts serious buyers and facilitates quicker sales, ensuring better outcomes.
4 Things to Expect from the Spring Housing Market
This spring, the housing market is improving with a 27.5% increase in homes for sale, providing buyers more choices and encouraging sellers. Home price growth is slowing, stabilizing mortgage rates are aiding buyer confidence, and overall demand is rising. It’s an opportune time to consider buying or selling.
The Best Week To List Your House Is Almost Here – Are You Ready?
If selling your house is on your to-do list this year, the time to start prepping is now. That’s because experts say the best week to list your house is coming up fast. A recent Realtor.com study analyzed years of housing market trends (excluding 2020 since it was an outlier) and found that April 13–19Continue reading “The Best Week To List Your House Is Almost Here – Are You Ready?”
Rising Inventory Means This Spring Could Be Your Moment
This spring presents a favorable opportunity for homebuyers due to increased inventory and sellers’ willingness to negotiate. With 27.5% more homes available compared to last year, buyers enjoy greater choices and potential lower prices. Increased price cuts indicate sellers are more flexible, enhancing buyers’ leverage in negotiations.
Seller Concessions: A Smart Strategy to Get Your House Sold
The housing market is shifting towards a balance, requiring sellers to offer concessions to close deals. These can include covering closing costs, price adjustments, or adding a home warranty. As nearly 24% of sellers offered concessions in 2024, having a skilled agent to navigate these negotiations is essential for successful transactions.
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