Tag Archives: Buying a Home
New single-family homes are getting bigger
Source: National Assn. of Homebuilders The pandemic has prompted more Americans to want to supersize their homes. The median single-family square floor area as increased to 2,337 square feet as of the third quarter, while the average (mean)...
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Unrealistic expectations of first-time buyers
Source: Realtor.com A first-time home buyer may need to be educated about the realities of the housing market before they fall in love with a home and then quickly lose out to another bid. To prevent heartache, real estate professionals can...
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Fewer first-time homebuyers are competing
Source: Housing Wire After a year of extremely tight housing inventory, the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% to 1.32 million from June to July, according to data from...
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More buyers paying cash to win bidding wars
Source: Realtor.com Buyers who can make an all-cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to...
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Bidding wars off the charts
Source: CNBC Buyers are increasingly facing fierce bidding wars in their hunt for a home. Even as home prices surge and competition remain tight, house hunters are undeterred. About 40% of potential buyers who’ve been searching for a...
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