For years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise you: home offices.
Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later.
Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? … Continued
latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted: “The housing market faced an inventory shortage … Continued
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the … Continued
Every day that passes, people need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a significant life change recently, whether, with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably feel like timing with … Continued
From time to time we like to check in on specific neighborhoods in Tampa to see a 5-year picture of what has happened in the market, average sales prices overall and per sq.ft, months of inventory, and what is happening overall. If you would like us to run a report on your neighborhood please contact … Continued
Is It Go Time For Millenials? Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re … Continued
What is an iBuyer? An IBuyer Is essentially an Instant Buyer, or a real estate company that buys homes online from sellers. This is a relatively new option for homeowners. According to Jovio: “A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property … Continued
New Construction Not Keeping Up With Population Increase Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for … Continued