Real estate is cyclical year-over-year. The spring market typically begins in March. Many real estate professionals believe it begins right after the Super Bowl. The market normally remains strong, and home values rise, through the spring and summer months.
There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The fact is, there won't be. The real estate market is nothing like it was back then.
Preparing your home for fall should be an annual ritual. It is also a great time to make simple improvements which can save you money on repairs down the road.
It's tough being a homebuyer nowadays. Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. Here's what to be prepared for:
It is one of the best seller's markets the real estate industry has seen in a long time, perhaps event better than the mid-2000s. List your home for sale on the market one minute, and the next you're likely fielding offers.
If you are a veteran of the United States Armed Forces, an active duty servicemember or an eligible surviving spouse of a veteran, you may be eligible for a Veteran Affairs (VA) home loan.
It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year.
If you're in the market to buy a home right now, you're probably finding out that it's not easy. According to the National Association of Realtors (NAR) existing home sales are -3.7% month-over-month. This is a direct result of the historically low inventory of homes available for sale.
It's no secret that homes are selling quickly. There is stiff competition because the low inventory of available homes for sale is unprecedented.