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So, why is the housing market doing so well? WCCO spoke with realtor Lyndon Smith with Edina Realty, and MAR research director David Arbit. “That’s a multi-faceted answer, and I guess the first one is we’re short on inventory,” Smith said. Homebuilders aren’t keeping up with demand, and in the wake of the 2008 recession, […]

While the pandemic continues, home prices are accelerating and, in some markets, began to edge into previously uncharted territory this month. The national median listing price in July was $349,000—a record high, realtor.com® reports in its latest Monthly Housing Trends report. Further, homes are selling just as fast as they were last year. Buyers are […]

There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. Asking Prices Surge to a Record High. https://magazine.realtor/daily-news/2020/07/31/asking-prices-surge-to-a-record-high Last week, I presented 5 purchase offers by 3 different buyers on different houses. None were accepted as my clients […]

Contracts to buy U.S. previously owned homes increased more than expected in June, the latest indication that the housing market was weathering the COVID-19 pandemic far better than the broader economy. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 16.6% to 116.1 last month. Economists […]

Are you considering relocation to Florida? Looking for a vacation home? Perhaps a property to buy and you can rent?  Maybe you just want a place to rent for a few months? Top U.S. Area to Buy a Vacation-Rental Home? The Panhandle Weiss Analytics: Fla.’s Panhandle offers the best returns on vacation-home investments in the […]

Thinking of Selling. NOW may be a great time to sell for the most money. What’s your home’s value? Call me, let’s talk. Sales of existing homes jumped nearly 21% in June compared with May, according to the National Association of Realtors. It was the largest monthly gain since the Realtors began tracking the data […]