You've probably heard the stories: your next-door neighbors sold their fixer-upper for $100,000 more than the asking price. Alternatively, your friends' house was inundated with crazy homebuyers involved in a bidding battle within 24 hours of going on the market. It's no secret that today's seller's market is crazier and more competitive than it's been in years, stoking sellers' dreams of making big...
"Let the buyer beware." This warning continues to alert consumers to the dangers of a variety of items. It is critical for real estate buyers, though, because there are a lot of elements that can turn a dream purchase into a nightmare. While there is a lot of advice out there on this subject, there are a few crucial points that consumers should bear in mind. To that aim, 15 members of the Forbes Real...
Nearly 5% of listings saw price drops, the highest level since 2019. Homeowners are increasingly recognizing that the home market has cooled. For the fifteenth week in a row, the percentage of properties for sale with a price reduction increased to 4.9 percent, the highest level since 2019. Buyers may also note that homes are sitting on the market for longer—an average of 17 days—as more homeowners...