It’s Not All Bad for Buyers
Now might not be the best time to buy a house. But if you are a member of the must-buy group, fear not: the inventory of houses for sale hasn’t been this large since 2019.
Now might not be the best time to buy a house. But if you are a member of the must-buy group, fear not: the inventory of houses for sale hasn’t been this large since 2019.
You have just taken a new listing and plan to market it directly to consumers in print, on the web and on social media. Almost no one, however, has a game plan to market to other agents.
There’s an all-out war for consumers between Zillow, Homes.com (owned by CoStar) and the Rocket Companies-Redfin team. But solo agents and agent teams have an ace up their sleeve that can compete against predictive AI and massive ad spending.
According to the surprisingly candid results of a survey delving into agents’ psyche by the Redfin brokerage firm, half expect their fees to fall in the coming months.
A deceptive calling campaign is sweeping the country, costing homeowners hundreds of thousands of dollars in mortgage fraud, according to a federal watchdog.
Which would you rather pay a real estate agent to help you sell your $450,000 house: a 6 percent sales commission or $27,000? They’re exactly the same amounts, of course, but one sounds a lot less.
In the market for a newly constructed house? You might want to hurry. Soon, new homes are likely to cost more and take longer to build.
Nearly two-thirds of all single-family houses started in 2023 were within HOA-governed properties. And fees those associations collect are rising.
Hurricanes, fires, floods: If you’re struck by one of these disasters, you’re going to need money. The good news is that there are numerous financial resources available.
When a family member passes away, their loved ones sometimes become homeowners unexpectedly. In these situations, servicers are supposed to help, but some just steer borrowers into costly refinances.
Massive, often insurmountable amounts of student debt have prevented millions of otherwise qualified borrowers from obtaining financing to buy a house.
To Mark Milam, a mortgage banker and loan originator in Atlanta, many current proposals are like “swallowing an aspirin next year for a headache you have now.”
Are people losing interest in second homes? It appears so, according to the National Association of Home Builders, using the latest Census Bureau data.
A recent survey of some 1,300 agents and brokers found that commissions have fallen by 68 basis points, or 0.68 percent.
If you’re a homeowner who’s considering canceling your insurance coverage due to the high cost, think twice. Even if you own the house outright, you might not be able to recover from a catastrophe.
Many local governments started requiring vacant units to be registered following the Great Financial Crisis. Ignoring these rules can prove costly.
If the past is prologue, millions of homeowners with high-rate mortgages won’t refinance their loans, even as mortgage rates tumble.
Cash is king when it comes to buying a house. Always has been, and always will be. And these days, individual cash buyers – as opposed to cash-laden investors – have an even better shot of scoring the house of their dreams.
These days, disasters like wildfires, tornadoes, floods and hurricanes are more powerful – and more frequent – than ever. It’s increasingly likely that wherever you live, your home will be hit one way or another.
Some states are taking long-overdue legislative steps to deal with squatters: people who take over others’ properties without their consent, sometimes dumping the owner’s stuff and trashing their homes.