This time last year, new homes were in such big demand that builders simply couldn’t make them fast enough. They were reportedly overflowing with new contracts, and some even resorted to selling their few available lots via lotteries to their legions of wait-listed buyers.
However times have changed and buyer traffic has suddenly ground to a...
Over the last few years it has been an extreme seller’s market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat.
Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home sellers. Not so much for home b...
Going to a public gym has become unpopular in the past couple of years due to the impact of COVID-19 and related restrictions. If in 2019, the market size of the gym, health, and fitness club industry in the United States was $39.9 billion, in 2021, it decreased to $35.3 billion. However, Statista predicts that the market will recover in 2022, reac...
Mortgage repayments have risen by an average of 54% compared to the previous year, according to the National Association of Realtor’s June Housing Affordability Index. Meanwhile, household incomes have only increased by 5.8% over the same period.
What that means is that housing affordability is now at its weakest level in 33 years, the NAR s...
Have you heard the term MLS in real estate and wondered what it meant?
When you begin the process of either buying or selling a home, you are likely to hear about the multiple listings service. The multiple listing service or MLS is a way for real estate agents to connect buyers and sellers better.
As a seller, it lets the world know you’re h...
Realty Biz News doesn't have any blog post yet.
