If you think the slog of going out week after week to find a house, and then beat competitors, is a marathon, get ready for the sprint.
The housing market is not likely to implode like it did in 2008, when it ushered in what’s now known as the Great Recession. But could a price correction be coming?
The latest evidence indicates the market is tightening again – not loosening, as had been expected. At this writing, the number of new listings has declined for the seventh straight week. So, it’s time for serious buyers to start knocking on doors.
The closing is the last step in the long, sometimes difficult, almost always anxious journey in buying and selling a house. And it can be just as ripe for pitfalls as any other part of the process.
Many state regulators of real estate agents are supposed to look out for buyers and sellers. But not one such institution has the authority to provide restitution to consumers who are found to have been treated unfairly or unlawfully.
There are “haunted houses” – you know, the ones that pop up this time of year where you pay to have the bejesus frightened out of you. And then there are “real” haunted houses – the ones where ghastly spooks supposedly live on, long after they should have transferred into the afterlife.
Elder abuse takes many forms. But seniors are especially vulnerable when it comes to financial abuse and scams. Here are some of the most likely ways seniors are victimized.
For the next 60-odd days, some homebuyers have an unusual opportunity to find financing at a tad lower cost.
The number of houses for sale is beginning to increase, bidding wars are not as prevalent, and the housing sector is moving into what are normally the slower fall and winter months. So, sellers need to be doing more to attract the attention of would-be buyers.
Nowhere is this criminal enterprise more prominent than in real estate, both residential and commercial. And a new report says America has become a “safe haven” for this kind of money laundering.
A little-known but highly effective legal group is working on drafting model legislation that would help property owners remove discriminatory, restrictive covenants from their deeds.
Sellers whose listings do not include virtual tours, professional photographs and floor plans are being cheated by their real estate agents. Without the proper visuals, homes will likely take longer to sell and fetch a lower price.
Home builders are running out of buildable home sites, with inventory at its lowest point since 2015. And relief is on the way – just not soon.
If your closing was postponed recently, cybercriminals may be to blame.
Because of climate change, Spencer Glendon – a senior fellow at the Woodwell Climate Research Center, one of the world’s most respected climate think tanks – said recently that it may not be long before every homeowner in the country will need flood insurance.
Many homeowners, especially rookies who are new to the game, have no clue what their homeowner’s insurance policies cover.
Not to downplay the pending foreclosures and evictions faced by millions of families, but the current national furor is a bit overblown.
Sure, stick building is still the norm. And most builders are still using model homes to show off their wares in the best light possible. But slowly and surely, they are changing the way they do business – some say for the better.
Home sellers have made a killing over the past year, as buyers outbid one another on practically every property that comes to market.
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.