Real Estate Workforce Grows Twice as Fast as any Other Sector in February

Employers in the real estate sector expanded their workforces by nearly 1% in February, roughly doubling the national job growth pace. Real estate companies bounced back from a hiring lull in January, adding jobs in February at nearly double the pace of other U.S. employers.  Brokerages and other real-estate service providers hired a seasonally adjustedContinue reading “Real Estate Workforce Grows Twice as Fast as any Other Sector in February”

Millennials and Baby Boomers are Bidding for Homes, and Boomers are Winning

The record-setting housing market has brought anecdotes of frustrated home shoppers being repeatedly outbid and using risky strategies, such as waiving contingencies, to be competitive.  And a new Zillow analysis of the age, sex, race and income of home buyers over a decade reveals Millennials and Baby Boomers — two of the biggest generations inContinue reading “Millennials and Baby Boomers are Bidding for Homes, and Boomers are Winning”

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?”

2021 Opens With a New Record Low for Mortgage Rates

The average 30-year mortgage hit an all-time low of 2.65% this week, according to data from Freddie Mac released Thursday. Despite predictions that mortgage rates would slowly tick back up in 2021, the new year opened this week with the same old story: mortgage rates hitting a new record low.  The average rate for the 30-year fixed-rate mortgageContinue reading “2021 Opens With a New Record Low for Mortgage Rates”

Tips for First Time Homebuyers

Buying a house for the first time might seem like an unattainable goal as U.S. home prices soar and affordable homes are in short supply. With planning and discipline, though, that goal might not be as unreachable as you think. First-time homebuyers who need to whip their finances into shape may have more success if theyContinue reading “Tips for First Time Homebuyers”

Want to Sell Your House Fast? 7 People You Need on Your Team

Whether you’re a first time or experienced seller, having a talented team of professionals on your side can mean the difference between a quick and stress-free selling experience and one that isn’t. So before you put your house on the market, here are seven key people you’ll want on your team to help sell yourContinue reading “Want to Sell Your House Fast? 7 People You Need on Your Team”

What Can Hurt Your Property Value

Property values fluctuate as a result of many factors, and as a homeowner, it’s important to be aware of factors that can drive home value down. Some of these factors are out of your control, such as market conditions, interest rates, and the economy, while others are very much in your control. From unappealing renovations to neglecting maintenance onContinue reading “What Can Hurt Your Property Value”

What You Should Know About the Underwriting Process for a Mortgage.

How long does mortgage underwriting take? The mortgage underwriting process can take anywhere from a few days to a few weeks, depending on whether the underwriter needs additional information from the borrower, what demand is like for the lender and how streamlined the lender’s practices are. Keep in mind, however, that underwriting is just oneContinue reading “What You Should Know About the Underwriting Process for a Mortgage.”

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