The fix-and-flip playbook that worked across the Ozarks for the past several years is breaking down. Homes are sitting close to 90 days on the market and closing roughly $10,000 below list price, according to Rachel Countryman, a residential and commercial agent with eXp Realty who works across southern Missouri. With buyers demanding move-in-ready condition ...
A few years ago, Dallas–Fort Worth buyers competed in bidding wars and waived inspections. Now they are asking sellers to help cover their costs – and in most transactions, they are getting it. According to Katherine Hubbard of DFW 1% Listings, a flat-fee brokerage in the Dallas–Fort Worth metro, roughly 90 percent of her current ...
Homes under $400,000 in north Idaho’s Kootenai County vanish in days. Properties above $1 million sell to cash-heavy buyers who barely flinch at interest rates. But in the wide middle – roughly $450,000 to $900,000 – the market has stalled, according to Cody Fenske, who leads the Apex Realty team at EXP Realty in Kootenai ...
Most Massachusetts homebuyers will not think about new appraisal rules until those rules delay their closing. By then, according to Colleen Barry of Gibson Sotheby’s International Realty, the damage is already done: a seller with competing offers has no reason to wait for a buyer whose lender cannot commit to a clear timeline. Barry’s firm, ...
A condo or townhouse looks like the cheapest way into Arizona’s East Valley, until the HOA bill arrives. In a growing number of communities, monthly association fees have climbed high enough to wipe out the purchase-price discount that drew budget-conscious buyers to condos in the first place. In some cases, a single-family home down the ...
In Anderson, South Carolina, the number most sellers fixate on when listing a home – what similar properties sold for recently – may be the reason their listing sits unsold. Builders sitting on unsold new construction have cut prices aggressively enough that the past twelve months of sales data no longer reflects what buyers actually ...
Home prices across Chicago’s western suburbs remain high enough that short-term investors cannot execute the buy-low half of a flip. With roughly one and a half months of single-family inventory across DuPage County, according to Debbie Pawlowicz, owner and designated managing broker at DPG Real Estate Agency in Lisle, Illinois, sellers have little reason to ...
When a large landlord or equity fund lists a former rental property in Dallas-Fort Worth, the home that reaches the market is not always what a buyer expects. These were investment assets managed for cash flow, not curb appeal. Deferred maintenance is common. Cosmetic updates were rarely a priority. And for buyers drawn to the ...
First-time buyers in Chicago’s south suburbs face a problem patience alone cannot solve: the homes they want cost more than they can afford at today’s interest rates. Rather than settle for a smaller house or wait for rates to drop, a growing number are buying small multi-unit properties and letting a tenant cover part of ...
Many self-employed borrowers who are told they do not qualify for a mortgage are not actually unqualified. They are applying through a loan type that measures income in a way that works against them. Conventional mortgages rely on tax returns, and for self-employed borrowers, tax returns are designed to minimize taxable income. That creates a ...
A year ago, the biggest hurdle for a first-time buyer in northern New Jersey was getting an offer accepted. Today, the real breaking point has moved later in the process, to the home inspection. That shift hits first-time buyers harder than anyone else in the market. Augie Neno, Owner/Broker at Neno-Rosa Agency in Kearny, New ...
Sellers preparing to list homes in central Pennsylvania may be spending money on the wrong upgrades. Millennial buyers between 30 and 45, the largest active cohort in the Harrisburg-area market, are not chasing high-end finishes, according to Maryssa Chaplin of the Chaplin Group at Keller Williams of Central PA. They care far more about structural ...
Housing inventory across much of the country has climbed to levels not seen in four years. For buyers, that looks like relief after years of bidding wars and razor-thin selection. But the supply gain is a side effect of suppressed demand, not a surge in new listings, and if mortgage rates decline enough to bring ...
Buildings that broke ground during the low-rate environment of 2020 to 2022 are completing at once. The resulting inventory surge is pressuring landlords who expected to hold pricing power. Philadelphia’s rental market is absorbing this wave of new apartment inventory. Developers set it in motion years ago, when they locked in favorable financing during the ...
