Summer is typically when the housing market heats up. In a normal year, there are more homes sold in the summer, and homes tend to sell faster. Prices peak during the summer months and new listings increase. Over the last few years, however, the housing market has been anything...
The pandemic was not a normal market. The further we move past that time, the more obvious it becomes. One of the major challenges when trying to measure and quantify periods of time like this is comparison. How do you juxtapose your business success in 2021 to 2022 or...
If there's one thing that's constant in real estate, it's that change is inevitable. Much of that change is driven by technology. In my nearly four decades in the real estate industry, I've witnessed firsthand the effects that technology has had, and how the pace of change has accelerated...
With home prices remaining high, especially in cities across the U.S., potential homeowners may consider taking a look at suburbs for more affordable options. According to a new report from Point2, some suburbs boast prices per square foot up to 65% lower compared to the main city. Point2's new...
Remodeling a home isn't easy; many things can go wrong during these projects. It is easy to make mistakes renovating a home, but there are steps and tips you can follow to reduce the potential problems. We look at some of the home renovation mistakes that people make so...
“This is a big disappointment: The Fed raised interest rates again, and in my view there was no reason to. The goal of raising the interest rate is to control inflation, and from my perspective, inflation is moving in the right direction.” With these candid comments, National Association of...
Existing-home sales dropped 3.4% from March to a rate of 4.28 million in April, according to the National Association of REALTORS®' (NAR) most recent existing-home sales report. NAR's latest data on existing homes for April found that year-over-year, sales fell by 23.2%, down from 5.57 million last year. Additionally,...
When a real estate agent calls your tech company for assistance, what kind of experience will they have? Will they talk to someone your company has personally selected and coached to help agents get the most out of the product or tool? Or will they talk to an outsourced...
Across the Mid-Atlantic markets sellers are holding their driver seat positions in home sales,according to a new report from Bright MLS. Bright MLS's monthly market report for May found that Sellers who closed on their home in April received an average of 3.5 offers, and 53.5% ended up closing...
The 30-year fixed-rate mortgage (FRM) averaged 6.39% this week, inching back up to its previous level from two weeks ago, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week's numbers: 30-year fixed-rate mortgage averaged 6.39% as of May 18, 2023, up from ...read more