Today's real estate market is still "hot" and continues to break records. With homes selling faster than ever before, home values are rising at higher rates than ever before. The inventory of homes available for sale is at its lowest in history.
If you are a buyer in today’s market, it may seem like an uphill battle for you. It’s been a seller’s market for quite some time now. This is mainly due to the lack of inventory of homes for sale and that home values are rising.
Last year the real estate market was unlike any other. It was a sizzling hot seller's market, as sellers took advantage of the low housing inventory available for sale.
Real estate agents don't get paid for their work until a property closes. They are paid a commission for their work if they help you buy, sell or rent a house. Real estate commissions however, are not set percentages.
In today's market, where home values are rising and there is a lack of inventory of homes available for sale, you may find many agents' businesses are tightening due to lack of inventory.
Congratulations on your new home! It is a great time to purchase a home, as home values are still rising. You can look forward to moving into your new home and making it your own. Now that you have closed on your new home, there are a few things you need to attend to right away.
The current real estate market is like no other in historyin there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. Today's current market is at 1.7 months."
Historically, open houses have been a marketing staple for listing agents. Open houses can be an effective tool in a buyer's real estate market. However, we are in a sizzling hot seller's market right now.
It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. Currently, there is a historic and dire shortage of houses for sale.