With a quickly changing market and low inventory, homes are selling faster than ever. New listings in some communities can have several offers before buyers have a chance to see the home. With that being the case, not only do you have to move fast, you need to present offers that stand out above the others.
Mortgage rates hit another all-time low, falling below 3% this week.
According to the latest Zillow Weekly Market report, recent pending home sales in the nation went up again for an increase of 2.1 percent week over week and 13.7 percent Month over Month for the week ending June 20.
New-home transactions have reportedly doubled in the last two weeks alone as young professional millennials from 31 to 40 years old show increasing demand to buy, John Burns Real Estate Consulting reports.
Summer is gearing up to be the new spring market for home buying and selling! Let’s connect so you’re ready to make your move this season.
Before you get emotionally attached to a beautiful house, check your monthly budget to determine how much house you can afford. You need to leave room in your budget for other things, so make sure your monthly housing costs (including HOA fees, taxes, insurance, etc.) are going to be no more than 25% of your monthly take-home pay.
Homebuying Tip of the day! You don’t need 20% saved for a downpayment
Looking for a home? Avoid these 5 common home buying mistakes, assumptions, and myths.
As the states are deciding on the best strategy to slowly and safely reopen, the big question is: what kind of economic recovery will we have and how long will it take to fully recover?
Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format.
