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Record bidding wars show no signs of slowing

March 9, 2022 by cara Leave a Comment

January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,” said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.” Damato and her husband have been seriously hunting… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, Charlotte Real Estate Market, housing market, market conditions, Market Trends, real estate, real estate market, selling

What to expect in 2022’s spring market

March 8, 2022 by cara Leave a Comment

The agreement of much of the real estate industry was that the spring housing market, which happens to be the industry’s peak season, would be less frenzied this year. At least that was the thought when ushering in 2022. The consensus was that it couldn’t get much worse than spring of 2021 when over 70%… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, market conditions, Market Report, selling

New Survey Suggests Real Estate Craze Was Not as Intense as Indicated

December 12, 2021 by cara Leave a Comment

Anecdotal evidence that the late-2020-into-early-2021 real estate market was hot but new data from Zillow’s Consumer Housing Trends Report debunks a common misconception that all buyers experienced a grim reality when it came to home buying. The record-setting housing market that begin several months after the onset of the covid-19 pandemic brought reports of frustrated… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, market conditions, Market Report, Market Trends, real estate market, selling

How To Make an Offer on A Home

October 16, 2021 by cara Leave a Comment

Finding your dream home can be exciting but also a bit terrifying. Are you sure it’s the one? After all, the offer you put in is a legally binding agreement and that agreement includes a great deal of details. There are several things to consider before you make an offer on a house. First, have… [Read More]

Filed Under: Advice, Buying, Selling Tagged With: buying, buying a home, making an offer, offer letter, real estate, real estate market, selling, selling a home

Home listings Fall to Record Low Causing Bidding Wars

March 21, 2021 by cara Leave a Comment

A nationwide survey conducted by Redfin found that nearly 56% of offers for homes faced bidding wars in January, up nearly 4% from December of last year. More than half of homes are now going under contract in less than two weeks. This marks the ninth consecutive month where more than half of home offers… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: market conditions, market stats, real estate market, real estate trends, selling

Unexpected Dip in October U.S. Pending Home Sales

December 1, 2020 by cara Leave a Comment

Pending home sales in the U.S. fell for a second straight month in October according to the National Association of Realtors. Among the four major U.S. regions, contract activity was mixed. Each region achieved year-over-year gains in pending home sales transactions but the only positive month-over-month growth happened in the South. The National Association of… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, existing homes, market conditions, pending sales, real estate, selling

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