Market Updates
More Sellers Reduced Their Home Prices in MayLast month, over 6% of the nation's home sellers decided to cut their asking price, which resulted in the median asking price dropping roughly $3,000. In addition, the existing inventory of homes for sale is growing...
Market Updates
Home Prices Hit Another Record HighA chronic shortage of listings continues to fuel higher prices, with the median sale price hitting a record $387,600 during the four weeks ending May 19th—a 4% annual increase from May 2023. Another prevailing factor: many homeowners...
Market Updates
Best Metro Markets for First-time BuyersRecent research found that some metro areas are particularly attractive to first-time buyers this year. In addition to lower pricing for starter homes, these cities offer other positives like higher percentages of peer groups...
Market Updates
Some Homebuyers Never Grow UpEver wonder why your buyer clients' faces light up when you're showing a listing with a back yard pool? Chances are, they've been dreaming about their own pool since they were children. A recent Zillow survey discovered that many childhood...
Market Updates
Texas and Florida Sellers Cutting PricesWhile home sales and prices are fluctuating across the nation, two southern states—Texas and Florida — are showing signs of becoming genuine buyers' markets. New data shows that housing supply is surging in these two states, and...
Market Updates
Green Building Trends for 2024As we celebrated Earth Day earlier this week, it's an ideal time to check out the builders who are working to add more ecologically-friendly features to their products.When asked about their motivation to build green, the reasons weren't...
Market Updates
More Homeowners Trading Golden Handcuffs for ComfortA recent study reported that the "golden handcuffs" worn by homeowners who purchased at low rates will loosen up this year. Prospective sellers are feeling a sense of urgency, with 79% wishing they had listed their...
Market Updates
What Happens When Sellers Stop Selling?When you're scouting for new seller clients, you may be concentrating on certain events that often end up in a move. One example: the end of the school season. However, NAR studies have found that more homeowners are staying put...
Market Updates
Will April Bring Showers of Sales?Mark your calendar: Mid-April could offer the perfect mix of market conditions for home sellers, according to a new study that analyzed home sale trends.Results of the study found that sellers could earn as much as an additional...
Market Updates
Closed Sales Surge in FebruaryEven with a higher interest rate environment, closed sales of existing homes surged by almost 10% last month to 4.38 million. While sales were down 3.3% year-over-year, last month's gains were the largest seen in 12 months. High demand...
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