Status is reachable Lawrence Yun• 1stChief Economist at National Association of REALTORS®2d • 2 days With home prices surging in 2020 and continuing in 2021, the wealth gap between homeowners and renters are widening further. The data is the median wealth (a typical owner versus renter). The gap would be much wider in cities where home […]
Thomas Slupske
Blog
Wealth Gap between homeowners and renters.
Home Inspections, part 2
The market is crazy, are you concerned about issues after the closing? 38% of the purchase agreements are waiving the home inspection*, but that places all parties are at a higher risk of litigation after the close. Yes, if buyers waive the home-inspection the seller could be held liable for future problems. As always, seek […]
Are all Realtors alike?
Are all Realtors alike? Does it really matter if your Realtor is part-time, brand new or inexperienced? First, let’s talk about Experience. Some mistakenly underestimate the advantages of someone with lots of experience. With so much turmoil and crazy times in today’s real estate, now, more than ever you need an experienced, knowledgeable and full-time […]
Home Inspections, Should you have?
Many homes are being placed in “coming soon” status on the MLS in an attempt to drive interest while preparing a home for good showings. This sometimes leads to multiple offers on property not yet seen. Attempting to make their buyer’s offer look as clean and appetizing as possible, many buyers are making their offers […]
Is the housing market at a tipping point?
REAL ESTATE The housing market stands at a tipping point after a stunningly successful year during the pandemic PUBLISHED FRI, MAR 12 20217:00 AM ESTUPDATED FRI, MAR 12 20213:43 PM EST Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK No one could have predicted it. Not the economists, not the real estate agents, and especially not the nation’s homebuilders. But a […]
Twin City Region Housing, February 2021
Follow this link to the graphics. As you may have heard, read or seen, the Twin City housing market prices are skyrocketing! How much? Here’s a preview: February 2021 the median price was $300,000, an +8.3% increase February 2020 the median price was $277,000 February 2019 the median price was $260,000 February 2018 the median […]