Over one third of the households in the United States are renting a place to live. According to an article on the website ipropertymanagement.com (October 17, 2021), 36% of American households are renting their home, signaling an apparent decline in homeownership this past year.
There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The one issue that doesn't get much attention is real estate agent safety.
Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 percent above the October 2020 rate.
The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise.
This year's real estate market was unlike one we've seen in a very long time. So many factors contributed to the influx of buyers to the market and the low inventory, or lack of homes available for sale.
Selling your home and nervous about what you need to do for the home appraisal? Don't be. There are certain key components a residential home appraiser looks for and uses to ascertain a value for a home.
Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices.
Home buyers are still flocking to homes when they are listed for sale. Buyers continue to offer list price and above as home values are still going up.
Why is it that a home loan applicant is politely shown the door by a branch of a national bank yet is approved for the same amount of money by another lender? The answer is that lending institutions are not all created in the same image.