Three years ago, buying a home in Citrus County, Florida, meant competing for scarce inventory in a market where sellers had no reason to negotiate. That dynamic has reversed. For buyers, the shift in leverage may matter more than any change in prices. Bruce Brunk, an agent with The Citrus County Dream Team at Keller ...
In a market where mortgage rates have squeezed monthly budgets, buyers on Chicago’s West Side are making a trade that would have seemed unlikely a few years ago. They are choosing homes that need work over homes that are move-in ready. A lower purchase price means a lower mortgage payment. For many buyers, picking up ...
In Cincinnati, a home insured for decades can become hard to insure the moment it changes hands. Many houses built before the 1930s still have knob-and-tube wiring, an early electrical system that runs ungrounded wires along porcelain knobs and through porcelain tubes. Buyers of these homes often hit a barrier many buyers and sellers don’t ...
National headlines describe a housing market frozen by high rates, but Charlotte doesn’t fit that picture neatly. Homes are still selling there, and close to their asking prices. What has changed is how much separates the winners from the rest. A well-located, well-kept, realistically priced house still moves, while one that needs work or overreaches ...
The biggest financial mistake many first-time home buyers in the Pittsburgh area make has nothing to do with interest rates, bidding wars, or neighborhood choice, according to Janette Schafer, a real estate agent with Coldwell Banker Realty. Schafer, who works extensively with first-time buyers in the greater Pittsburgh market, says too many buyers are still ...
Year-over-year home price declines near 20 percent in Austin, Texas, have made national news, painting a picture of a market in retreat. But that number blends two very different markets, according to Nitin Kumar, a residential agent and investor with eXp Realty in Austin. One is the established suburbs near Austin’s job centers. The other ...
In Warminster, a middle Bucks County township where many homes date to the 1950s and 1960s, a split has opened between properties that are move-in ready and those that need work. According to Tracey Hill, a 20-year real estate veteran who recently opened an office for Innovate Real Estate in Bethlehem, Pennsylvania, 54% of homes ...
The conventional assumption is that downsizing seniors and young families shop in different price tiers. In Doylestown, Pennsylvania – the commercial center of Bucks County – those two groups are increasingly circling the same listings, according to Deana Corrigan of The Deana Corrigan Team at Compass. The competition is reshaping how homes get priced, how ...
The math on a fix-and-flip in metro Atlanta looks straightforward on paper: buy a distressed property at a discount, renovate it, sell it at market value, pocket the spread. In practice, the spread is shrinking from both directions. Sellers of distressed properties are asking prices that reflect peak-market expectations rather than current conditions, while construction ...
A homebuyer comparing two nearly identical four-bedroom houses on either side of the Butler-Allegheny County line in western Pennsylvania could face a property tax bill roughly double on the Allegheny side – $8,000 or $9,000 a year versus around $4,200 in Butler County. In a rate environment where monthly payment calculations dominate every purchasing decision, ...
In most markets, resale homes and new builds compete on roughly even footing. In Austin and Central Texas, the balance has tipped decisively. Builders sitting on completed inventory are discounting prices and offering financing incentives that resale sellers cannot match – and the result is a market where the sub-million-dollar segment is stalling while homes ...
Listing high and reducing later has long been a default strategy for sellers testing the market. In Pierce County, Washington, that approach is backfiring. Inventory has climbed to roughly 3.36 months; homes that sold in days during 2020 and 2021 now sit for 30, 60, or 90 days, and prices have eased year over year. ...
In most real estate markets, transaction volume tracks interest rates, job growth, and inventory. In Evergreen, Colorado – a mountain community roughly 30 minutes west of Denver, sitting between 7,500 and 8,500 feet in elevation – the pattern is different. Most buyers and sellers are acting on personal circumstances, not market timing, according to Jillian ...
Most sellers’ markets reward simply being a seller. In Sun Prairie, Wisconsin, that alone is not enough. Despite persistently low inventory and strong demand across the eastern side of Dane County, properties that are not priced correctly, staged well, and marketed thoroughly are sitting – even in conditions that otherwise favor sellers, according to Jennifer ...
In most housing markets, a listing price gives buyers a reasonable starting point. In Darien, Connecticut – a town of roughly 12 to 14 square miles on the Long Island Sound, about an hour by train from Grand Central – it has become something closer to a floor in an auction. Homes routinely sell well ...
