The housing market is hot and with low mortgage rates and low home inventory, buyers are feeling the crunch. Inventory of homes for sale remained at a record low 1.03 million homes in February, the same as January, and dropped a record 30% from a year ago, according to the National Association of Realtors. In February 2021 homes stayed on the market for just 20 days which was a record low. Homes...
Being a first-time homebuyer or just a home buyer in the current market is tasking. There are many obstacles to overcome in a seller's market. Qualifying for a mortgage is the first step but with that, you will also need cash out of pocket. For those who can obtain a mortgage but do not have money for out-of-pocket closing expenses, a micromortgage might be the answer. A micromortgage is a home loan...
The COVID-19 pandemic is still challenging the world in many ways. The housing market is still going strong and is predicted to keep doing so. Home prices are on the rise and it has definitely become a seller's market. Even though this is an easy time to sell your home for a great price it doesn't mean you need to try and take on the task yourself. For Sale By Owner (FSBO) might look enticing right now but...
COVID-19 brought a global pandemic and high unemployment in the year 2020 but that has not stopped Americans from purchasing homes. In fact, people are still buying homes at the fastest rate in years. According to the National Association of Realtors, homes sale were at their highest pace in 14 years in October 2020. Homes sold at a swift pace in October, with more than 7 in 10 homes sold on the market...
Normally the housing market slows a bit in the fall months. This year that is not the case. October saw record levels according to realtor.com. Houses sold faster this October than they did this September which makes this a first since 2011. “In the fall, we normally see homes sell more slowly and prices pull back from peak levels. But this October, we saw a drop in the time it takes to sell a...
Elegant Exterior Phase 1A of the new community Cypress Park celebrated the completion of the first 50 homes with a ribbon-cutting ceremony on November 7, 2020. The ceremony was hosted by developer David Waltemath who plans to have the entire community of 120 homes completed within ten years. Cypress Park, located in Belle Chasse on F. Edward Hebert Boulevard is a new neighborhood with homes from the...
The current housing market is booming and buyers are flooding the market. Bidding wars are happening throughout the country and it has definitely proven to be a seller's market. Even though there are bidding wars, pricing your home right is still very important. The National Association of Realtors (NAR) 'US Economic Outlook' reported that existing home prices are predicted to go up by...
SK Collaborative, a construction consulting firm that helps industry experts to achieve green building certification for their residential and commercial projects, did a recent study that finds value in a third-party inspection. The company analyzed ten new construction and renovation projects that were recently completed for multifamily affordable housing in Georgia. Around five of these projects also...
The National Association of Realtors (NAR) reported that existing home sales reached the highest level it has been in close to 14 years this August. The seasonally adjusted annual rate was 6.00 million in August showing a 2.4% increase for existing homes sales. A big part of the rising numbers is contributed to the rebound the housing market has had because of COVID-19. December 2006 was the last time...
The economy has seen record-breaking home sales through the summer and is still going strong this fall. Buyers are actively looking and purchasing homes faster and the inventory is falling behind. The National Associations of Realtors (NAR) believes this a good time to sell if you are thinking about doing so. According to the NAR's Pending Home Sales Report, “Pending home sales in July achieved...
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