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KEY POINTS Existing home sales dropped to the slowest pace since October 2010. There were 1.13 million homes for sale at the end of September, down more than 8% from a year ago. Adding to higher mortgage rates, the median price of a home sold in September was $394,300, up 2.8% year over year. WATCH NOW VIDEO01:18 September home sales drop to the lowest level since the G...
Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no housing market crash. I realize that’s a bold...
BY ANDREW KHOURISTAFF WRITER NOV. 16, 2023 3 AM PT Facebook Twitter Show more sharing options Southern California home prices are nearing a record high at a time of sky-high mortgage rates, a double blow that’s hammering housing affordability across the region. In October, the average home price for the six-county region climbed 0.12% to $831...
Tue, November 21, 2023 at 7:02 AM PST·4 min read FILE PHOTO: Homes for sale in Washington By Lucia Mutikani WASHINGTON (Reuters) - U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market. The report from the National Association of Realtors on Tue...
Now these are some numbers that look familiar. The housing market has spent a couple of months in the wake of the holidays stretching out of hibernation. But March’s nearly straight run of surges brings us back to very familiar territory. Maybe painfully familiar for buyers. It was a month that saw neighborhoods surging further into the seller’s favor in all except two cir...
Netflix star and The Agency founder and CEO Mauricio Umansky is eager to see home sales pick up steam this spring, but the celebrity agent is warning that buyers and sellers may still be stuck in a price rut. "Right now, consumers and sellers are just kind of stuck," Umansky said on "The Bottom Line" Wednesday. "Even if you're in a situation where you&#...
Your home is more than just a place to lay your head; it's your sanctuary, your haven from the outside world. Securing it against potential risks is crucial for your peace of mind and the safety of your loved ones. Here are some essential tips to fortify your home and protect it from potential threats: Invest in Quality Locks and Security Systems: Start with the basics. Ensure all ...
Certainly! Here are some practical tips for home improvement projects that can enhance property value: 1. **Kitchen Remodeling**: The kitchen is often considered the heart of the home. Upgrading countertops, cabinets, appliances, and lighting can significantly increase the value of your property. Focus on modern, energy-efficient appliances and durable, stylish materials for countertops like...
Sure, here are some common questions and answers about buying or selling property: Q: What should I consider when buying a property? A: Consider your budget, location preferences, property size, amenities, potential for future resale value, and any additional costs such as maintenance fees or property taxes. Q: How can I determine the market value of a property? A: You can research rece...
Moving can be a stressful experience, but there are several steps clients can take to make the process smoother and less overwhelming: **1. Plan Ahead:** Start planning your move as early as possible. Create a timeline and checklist to stay organized and ensure that everything gets done on time. **2. Declutter:** Take the opportunity to declutter your belongings before you move. Donate or...
