Homes today spend an average time of 21 days on the market-far shorter compared to median of 11 weeks five years ago, as outlined by new data from the National Association of REALTORS®. “The inventory shortage and the growing economy and job creation has increased the interest in home buying,” says ... » Learn More about This Shows How Quickly a Home Sells Nowadays
RE/MAX Agent
December 2017 RE/MAX National Housing Report
Sales Up Despite Several years of Rising Prices, Falling Inventory November has become the sixth month of 2017 to post a rise in year-over-year home sales, bucking prolonged trends of home price increases and inventory declines, as reported by the December RE/MAX National Housing Report. December ... » Learn More about December 2017 RE/MAX National Housing Report
90% of US Counties Will Receive FHA Loan Limit Boost
Loan limits are going to be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday that it was boosting limits for those loans in more than 3,000 counties. This provides FHA loans consistent with those of Fannie Mae and Freddie ... » Learn More about 90% of US Counties Will Receive FHA Loan Limit Boost
When must you drop a listing price?
Though low inventory is prompting buyers to increase their offers as a way to beat out competitors, Realtors still want sellers to understand that an overpriced listing will linger on the market. When must you drop a listing price? Buyers look closely at time on market, and ... » Learn More about When must you drop a listing price?
Some sellers will need a contract in 2017 to protect themselves from big tax bill
Some home sellers have to have a sale contract inked prior to the end of 2017 in order to prevent a large tax bill that could be imposed if the Congress' tax reform proposals become law: Both the House and Senate bills require sellers to have lived in their residence for a longer period of time ... » Learn More about Some sellers will need a contract in 2017 to protect themselves from big tax bill