Real Estate Exchange

Powerful Job Market Fuels Homebuyer Demand

Powerful Job Market Fuels Homebuyer Demand

The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, makes

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What Buyers Need To Know About the Number of Homes Available for Sale

What Buyers Need To Know About the Number of Homes Available for Sale

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today

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4 Things That Could Help You Win a Bidding War on a Property

4 Things That Could Help You Win a Bidding War on a Property

With a limited number of properties for sale today and so many buyers hoping to make a purchase before mortgage rates increase further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Let’s look at how that breaks down state-by-state (see map below): The same report

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What’s Happening with Mortgage Rates, and Where Are They Headed from Here?

What’s Happening with Mortgage Rates, and Where Are They Headed from Here?

According to the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by about 1.2% (3.22% to 4.42%) since January of 2022. The rate climbed by more than a quarter of a point from just a week ago. Take a look at the visual that show’s how mortgage rate movement throughout 2021

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Thinking of Building A Home? Important Things to Know

Thinking of Building A Home? Here Are The Important Things to Know

If you’re thinking of making a move in the near future, you may be trying to determine whether it’s better to buy a home that’s already on the market or try building a new one. Since the current supply of homes available for sale in the real estate market is low, it’s beneficial to consider either option.

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