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These are the cities where you’re most likely to see a bidding war for your home
Source: Fortune--- New data from Redfin shows that three in five homes faced multiple offers in December. That’s lower than the April highs of nearly 75%, but higher than December 2020’s 54%. And in some cities, the bidding wars are still raging. “Buyers should...
Inventory Down 40% from Pre-Covid Level as Price Growth Intensifies (December 2021 Market Report)
Source: Zillow --- There were fewer options for would-be home buyers on the market at the end of 2021 than any time in recent memory, according to Zillow’s December 2021 Market Report. And the limited supply seems to have reignited home price appreciation, as monthly...
14 Challenges Holding Your Real Estate Firm’s Social Media Efforts Back
Source: Forbes --- Social media has become a necessary tool for most businesses in the modern world. It allows quick and easy connection with potential clients and returning customers, in addition to showing off other sides to your business. Social media has grown...
Long-term U.S. mortgage rates jump significantly
Source: RealEstate --- WASHINGTON (AP) — Average long-term U.S. mortgage rates continued to rise this week. The rate on the benchmark 30-year loan breached 3.5%. Home loan rates have been running in recent weeks at levels not seen since early 2020, when the...
Existing-Home Sales Decline Amid Listings Shortage
Source: Realtor.com --- The numbers: Existing-home sales decreased 4.6% between November and December, hitting a seasonally-adjusted, annual rate of 6.18 million, the National Association of Realtors said Thursday. Compared to a year ago, sales were down more than 7%....
Zillow December 2021-December 2022 Home Value & Sale Forecast
Source: Zillow --- Existing home sales are expected to continue growing through 2022, approaching levels not seen since 2005, while annual home value growth is likely to peak and plateau in the early months of 2022 before slowing somewhat through the end of next year....
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