Realcomp Market Update: Home Prices Rise Despite Slower Sales Donald Horne, Broker / Owner, Team Success Listing LLC The latest Realcomp single-family real estate market data highlights some important shifts. The number of closed sales has dropped by 9%, and pending sales have declined by 5%. This dip in both closed and pending sales suggests […]
Realcomp’s July Report Reveals Unexpected Shifts in Real Estate Market Trends Realcomp has released its July sales statistics, offering a glimpse into the current real estate market dynamics. The data shows a mixed bag of trends that could influence both buyers and sellers in the coming months. Closed Sales saw a slight increase, up by […]
Have you been thinking about selling your house?
Media coverage about what’s happening with home prices can be confusing.
Comparing real estate metrics from one year to another can be challenging in a normal housing market.
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come.
If you’re thinking about selling your house, you should know the number of homes for sale right now is low.
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.