Is New Construction Right for Your Home?

New Home Under Construction

Is new construction the right way to go when you can’t find the “perfect” home? Finding an existing home can be a frustrating experience, especially when you discover that the “perfect” home just sold. According to Zillow, homes are selling faster than in previous years. In 2020, homes spent an average of 25 days on…

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Homeowners Have the Selling Power

Selling power is with the homeowner

According to the real estate brokerage firm Redfin, the average homeowner stays in their home longer than they used to. In 2010 a typical homeowner stayed eight years in a home. In 2019, the average was 13 years. Longer homeownership helps drive increased homeowner equity. It is one of the bright spots of the 2020 real estate…

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Is Working from Home Changing Homebuyer Needs?

Is Working from Home Changing Homebuyer Needs?

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room like the kitchen or den that can double as a home office. Spending extra time at home and the desire for more space, both…

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Median Home Prices and Mortgage Rates Climb [Infographic]

March Housing Market Report

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

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January Housing Market Report

January 2022 National Housing Market Report

Nationally, the number of homes listed in January was 326,312, down an average of 9.1% compared to January 2021. However, homes continue to sell at a rapid pace. The typical home spent 61 days on the market in January, ten days less than in January 2021, and more quickly than any January going back to…

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Housing Market Report: December 2021

National Housing Market Report

The December national indicators showed improving overall housing market activity. Looming interest rate hikes prompted homebuyers to lock in mortgage rates during a typically slower time of the year. The total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share…

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Housing Market Report: November 2021

National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their…

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Housing Market Report: October 2021

The U.S. housing market remains active. Housing market indicators released in October show market activity improving overall. However, home list prices remain high due to tight inventory and high demand. Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that…

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Housing Market Report: September 2021

The indicators for the National Housing market as of September reveal activity has improved overall. While it is still very much a seller’s market, there is movement as we see more homes come onto the market.  There also appears to be a decline in the number of buyer bidding wars. Chris Glynn, an economist at Zillow…

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