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.
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.
Buying a home can be one of the most exciting times in your life. Finding a real estate agent who specializes in working with buyers is critical.