Nearly 20 percent of U.S. homebuyers paid more than list price in 2020 — and in the final months of last year, the share of homebuyers getting outbid nearly doubled. Most sellers in these transactions garnered 1 to 10 percent higher than their list price (in some cases it was higher). Is it worth outbidding […]
2021’s Housing Market Signals Amid COVID-19, Economy, Job Market & Rates
While 2021’s housing market promises the same positive momentum as last year, buyers have questions about COVID-19’s continuing effect. Take a look at these signals showing us what’s ahead: The housing market will be directly affected by how long the COVID-19 pandemic lasts. Questions linger on whether another recession is ahead or another surge […]
Planning for a Home Down Payment
Buying a home is a milestone worth celebrating, but it takes planning and preparation before signing the closing documents to ensure the purchase doesn’t become more of a burden than a blessing. Proper planning involves determining how big of a down payment you need and saving money for that down payment. Here are some pointers […]
7 Tips to Use Gift Funds for Your Down Payment
Saving for a down payment has become more difficult these days as rent, college loans and various other expenses have risen. In fact, 30 percent of U.S. homebuyers in the 22-to-29 age range (and 20 percent in the 30-to-39 year-old cohort) said the most difficult step in purchasing a home was saving enough money for […]
Maneuvering Through a Seller’s Market
Consumers have a better outlook of home seller and home buyer conditions going into winter after the COVID-19 pandemic sprung this past spring, forcing many sellers to delay. But there’s a catch to this newfound buyer optimism: the historically low number of homes for sale. Low housing inventory is not a news flash by any […]
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