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]
Unexpected Dip in October U.S. Pending Home Sales
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]
U.S. Housing Market Pauses But Remains Hot
A new report released by relator.com finds the U.S. housing market took a breather recently. During the first week of November, buyers and sellers focused on current events according to the report. Between the presidential election and a rise in coronavirus cases, buyers and sellers had a reason hesitate according to the report. Even while… [Read More]
Mortgage Rates Hit Another Record Low
Mortgage rates have fallen to another record low for the ninth time this year since March. This is according to the Primary Mortgage Market Survey, a weekly survey of rates from Freddie Mac. The 15-year fixed-rate mortgage dropped to 2.35% while the average rate on a 30-year fixed-rate mortgage fell to 2.87%. That is the… [Read More]
Preparing Your Home For the Spring Real Estate Market
Get Your Home & Yourself Ready for the Spring Real Estate Market Whether you’ll be selling or buying a home this year, it pays to be prepared. Let’s take a look at how a home seller can be ready to hit the ground running in the 2018 spring real estate market. Get Your Finances In… [Read More]