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Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller?
Source: Realtor --- Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent...
A Key Opportunity for Homebuyers
Source: Keeping Current Matters --- There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the...
Home Prices Still Surging, But Today’s Data is For April
Source: Mortgage News Daily --- It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out. This is the nature of home price reporting. It doesn't mean the data...
The Great Real Estate Slowdown: 10 Markets Where Homes Linger the Longest—and Buyers Gain an Edge
Source: Realtor --- In the fraught, pressure-packed, scarily unpredictable summer 2022 housing market, home sellers and buyers are compulsively tracking key real estate metrics like baseball obsessives tracking box scores—only with way more on the line than the...
Pending home sales unexpectedly break six-month losing streak in May
Source: Fox Business --- On a regional basis, contract signings jumped 15.4% month over month in the Northeast, increased 0.2% month over month in the South, fell 1.7% month over month in the Midwest and contracted 5% in the Midwest. The figures mark year-over-year...
Two Reasons Why Today’s Housing Market Isn’t a Bubble
Source: Keeping Current Matters --- You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one...
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
Source: Yahoo Finance --- (Bloomberg) -- US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Overall, the proportion of active real estate listings...
Worried About a Housing Market Crash? The Smartest Real Estate Investors Know These 3 Things.
Source: The Motley Fool --- Aside from the Great Recession, the last major housing crash was in the 1930s and 1940s during World War II. Crashes are far less common than many think, but the recent scar of the Great Recession has left many worried that we are in a...
Will 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say
Source: Apartment Therapy --- A global pandemic followed up by a looming recession is the kind of once-in-a-lifetime double whammy that can really rock your financial confidence. Now, as interest rates spike, it raises the question: Could a 40-year mortgage option...
New-home sales post a May surprise with an 11% monthly gain
Source: Scotsman Guide --- Friday’s new residential sales report from the U.S. Census Bureau brought some surprising good news, as new single-family home sales jumped 10.7% monthly to a seasonally adjusted annual rate of 696,000 units in May. The gain was very much an...
