realtor house home agent memphis experts top agent real estate remax jen carstensen jennifer carstensen remax real estate experts the live love memphis group live love memphis: What To Do with Your Vacation Home as Summer Ends
- 08/24/21 11:33 AM
As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1. Remote work continues to drive demand for vacation homes. As the report from NAR says, based on continuously evolving work needs, there could be more interest in your second home than you think: “In 2020, across … (1 comments)
It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for … (2 comments)
realtor house home agent memphis experts top agent real estate remax jen carstensen jennifer carstensen remax real estate experts the live love memphis group live love memphis: Diving Deep into Today’s Biggest Buyer Concerns
- 07/15/21 11:20 AM
Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains: “Consumers also continued to cite high home prices as the predominant reason for their ongoing and significant divergence in sentiment toward homebuying and home-selling conditions. While all surveyed segments have expressed greater … (0 comments)
Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% (See graph below): To help you understand just how much time and effort it takes to sell on your own, here’s a look at a few of the … (0 comments)
realtor house home agent memphis experts top agent real estate remax jen carstensen jennifer carstensen remax real estate experts the live love memphis group live love memphis: Demand for Vacation Homes Is Still Strong
- 06/25/21 10:41 AM
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations. The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” … (0 comments)
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory level sits far below the norm. According to the Existing Home Sales Report from the National Association of Realtors (NAR): “Total housing inventory at the end of April amounted to 1.16 million units, up 10.5% from March’s inventory and … (2 comments)
realtor house home agent memphis experts top agent real estate remax jen carstensen jennifer carstensen remax real estate experts the live love memphis group live love memphis: How Misunderstandings About Affordability Could Cost You
- 05/28/21 11:54 AM
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing this topic, there are various measures of affordability to consider. However, very few of the indexes compare the affordability of owning a home to renting one. In a paper just published by the Urban Institute, Homeownership Is Affordable Housing, author Mike Loftin examines whether it’s more affordable … (1 comments)
This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers … (3 comments)
realtor house home agent memphis experts top agent real estate remax jen carstensen jennifer carstensen remax real estate experts the live love memphis group live love memphis: Patience Is the Key to Buying a Home This Year
- 04/29/21 08:37 AM
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale. Low inventory in the housing market isn’t new, but it’s becoming more challenging to navigate. Danielle Hale, Chief Economist at realtor.com, explains: “The housing market is still relatively under supplied, and buyers can’t buy what’s not for sale. Relative to what we … (1 comments)
When buying a home, it’s important to determine a monthly budget so you can plan for and understand what you can afford. However, when you need to stick to your budget, … (0 comments)
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