The median sales price dipped 0.2% to $363,000 and there are 2.6 months supply of homes on the market compared to 1.7 months a year ago. "Inventory levels are still at historic lows, and consequently, multiple offers are returning on a good number of Continue Reading
Inspections are intended to identify non-working items or issues, not meant to be a list of repairs the seller is expected to make before closing. Continue Reading
Home warranties provide an added level of "peace of mind" for the buyer during this period of lower sales and affordability issues Continue Reading
The biggest shock to homebuyers is the soaring mortgage rates of 2022 that doubled in one year resulting in approximately 15 million mortgage ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was Continue Reading
A CLUE report can identify insurance claims on a home to discover whether repairs were done properly. Continue Reading
Inflation devalues the purchasing power of money and the interest earned on savings is almost always less than inflation. Tangible assets like your home consistently become more valuable over time. In inflationary periods, a home is a good investment Continue Reading