August 2023 Highlights The number of homes actively for sale decreased by 7.9% compared to August 2022. The total number of unsold homes, including those under contract, decreased by 9.2% compared to last year. Home sellers were less active, with 7.5% fewer newly listed homes than last August. The [...]
In the ever-evolving real estate market, eco-friendly or green homes have become a focal point for modern homebuyers. These homes are distinguished by their sustainable features, environmentally friendly materials, and efficient energy use. Going beyond the traditional bricks and mortar, they encompass a philosophy that aligns the comfort of living [...]
Across the world, one phenomenon remains consistent: the location of a property significantly determines its value. But among the various factors that contribute to location value, the quality and reputation of nearby schools have emerged as particularly influential. While amenities like shopping centers, parks, and public transport play a role, [...]
The journey of selling a home is filled with challenges and opportunities. While most homeowners aspire to achieve the highest possible price within a short time, numerous pitfalls can derail this process. Understanding these common mistakes can arm sellers with the knowledge to sidestep them, ensuring a smoother selling [...]
A lack of newly listed homes contributed to an inventory crunch in the nation's housing market, with fewer homes on the market compared to last year. There was a decline in the number of newly listed homes for sale, and the national median home list price dropped slightly to $440,000 [...]
July 2023 Highlights The median price of homes for sale decreased by -0.9% annually to $440,000 in July, the second month in a row that listing prices decreased on a year-over-year basis. Home sellers were less active in July, with 20.8% fewer new homes listed for sale than last July. [...]
Buying a home is a significant investment, and it's crucial to make informed decisions throughout the process. One critical step in the homebuying journey is conducting a thorough inspection of the property. However, some buyers are tempted to waive the inspection in today's competitive real estate market. This article outlines [...]
Owning a vacation home is a dream for many people. Whether it's a cozy cabin in the mountains, a beachfront retreat, or a serene lakeside cottage, a vacation home offers the opportunity to escape from the daily grind and enjoy quality time with family and friends. If you're ready to [...]
Building equity in your home is a key financial strategy that can help you increase your net worth and secure a stronger financial future. Equity represents the value of your property that you truly own and can be a valuable asset that opens up various opportunities. Whether you plan to [...]
Home inventory growth slowed across the country in June as sellers continued to list fewer homes than last year, and buyers competed over the remaining affordable homes for sale. Although the median asking price for a home grew seasonally, June saw the first year-over-year decline in the median list price [...]
