The Latest Real Estate News
Home Prices Jump by Nearly Double Digits
The median existing single-family home price rose 22.9% year over year during the second quarter, to $357,900, an increase of $66,800 from the year before, according to NAR. Median single-family home prices grew on an annual basis in 99 percent of all markets analyzed by the National Association of Realtors (NAR) during the second quarter of 2021, with 94Continue reading “Home Prices Jump by Nearly Double Digits”
How Hard is it to Buy a Home Right Now?
The pandemic-era real estate market has emerged as a windfall for sellers and a headache for buyers. A shortage of for-sale homes continues to boost prices across the nation by double-digits — and is pushing house hunters to go to extremes to win bids. Some potential buyers are going way over asking price without seeing theContinue reading “How Hard is it to Buy a Home Right Now?”
What are Contingencies in Real Estate?
When you’re working on the computer, the undo button can be an invaluable tool. So can a contingency clause when you’re looking to buy or sell a home. Contingency clauses provide a way for one or both parties to back out of a real estate contract if certain specified conditions are not met. Common contingenciesContinue reading “What are Contingencies in Real Estate?”
