6 02, 2021
  • Redfin: December Pending Home Sales Outpaced New Listings

Redfin: December Pending Home Sales Outpaced New Listings

By |2021-02-08T22:18:24-05:00February 6th, 2021|Categories: New Homes, Potential Markets, Real Estate, Selling|Tags: , , , , , , , |0 Comments

In December, typically one of the slowest months of the year for the housing market, pending home sales across the nation rose 35 percent, and new listings increased by 14 percent, according to Redfin. The data demonstrates that winter didn’t have its usual chilling effect on demand. The persistent momentum of the market is largely due to historically-low mortgage interest rates. Redfin Chief Economist Daryl Fairweather had this to say: “The December housing market felt more like spring than winter. Right now homebuying demand is seemingly endless, and although new listings are up from a year ago, it’s not nearly

1 02, 2021
  • Most Homebuyers Made Offers Site-Unseen in 2020, According to Redfin

Most Homebuyers Made Offers Site-Unseen in 2020, According to Redfin

By |2021-01-16T22:05:45-05:00February 1st, 2021|Categories: Investment, Investment Properties, Selling|Tags: , , , , , , |0 Comments

House flippers, you may receive an increasing number of offers on your properties from out-of-state buyers. A record 63 percent of homebuyers made offers on a property last year without actually seeing them in person, Redfin reports. That’s an increase of 31 percent over November 2019. Redfin surveyed over 1,900 homebuyers across 32 major markets during the months of November and December, and in mid-January, said sight-unseen offers have never been more popular since it first began collecting data of this nature five years ago. The surge is due to an increase in virtual home tours as a result of

16 10, 2020
  • 3 Intriguing Real Estate Rumors That Are Really True

3 Intriguing Real Estate Rumors That Are Really True

By |2020-10-19T21:12:41-04:00October 16th, 2020|Categories: Business, Flipping, Home Improvements, Investing, Real Estate, Selling, Tips|Tags: , , , , , , , , , , , |0 Comments

Whether you consider yourself to be a student of house flipping and real estate, or a seasoned pro, there may be certain industry tales you’ve heard. In a list published this month by The Close, a website designed to give real estate agents and brokerages strategic insights from industry professionals, some intriguing real estate rumors are discussed…ones you might be surprised to learn are actually true. Here are a few. Mark Zuckerberg bought four homes right next to his. From a financial perspective this doesn’t sound implausible at all—Mark Zuckerberg probably has enough cash to buy-up entire blocks of his

22 09, 2020
  • How Low Inventory Could Affect the Housing Market This Fall

How Low Inventory Could Affect the Housing Market This Fall

By |2020-09-21T21:57:07-04:00September 22nd, 2020|Categories: Business, Flipping, Investing, Investment Properties, Real Estate, Tips|Tags: , , , , , , , , , , |0 Comments

Buyers are actively hunting for and purchasing homes to take advantage of the current historically-low mortgage interest rates. Problem is, there aren’t enough houses for sale to meet the increasing demand. It’s a good place to be if you plan to list your flip this fall. According to Keeping Current Matters, a resource that provides housing market insights to real estate agents, Chief Economist Sam Khater of Freddie Mac said a late-summer economic slump was the impetus for such low rates: “Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have

Go to Top