Building a new construction home is exciting. The feeling of having everything new in a house is like no other. As a homeowner of a brand-new home, you shouldn't have to worry much about systems and mechanicals breaking or needing repairs within the first few years.
The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020.
It is December and it's still a hot real estate market for sellers. This past year we have experienced an unprecedented lack of real estate inventory available for sale leaving pent-up buyer demand.
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.