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Debt Ceiling Debate 2023

Real Estate News

Will the 2023 Debt Ceiling Debate Have an Impact on Mortgages?

Will the 2023 Debt Ceiling Debate Have an Impact on Mortgages? Every economic decision has a trickle-down effect on all aspects of the economy. When it comes to the debt ceiling issue, homeowners should pay attention—especially if they plan on moving in the next 3-5 years. The government’s ability to pay its debts matters, as […]

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Florida Property Taxes Guide

Real Estate News

A Guide to Florida Property Taxes

 Our Guide to Florida Property Taxes When buying a home, property taxes are just one of the many things you have to factor in. As these increase over time, you need to know how they’ll impact your budget and enjoyment of your home. In Florida, property taxes vary widely from county to county and even […]

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Tennessee Taxation Guide

Real Estate News

A Guide to Tennessee Property Taxes

A Guide to Tennessee Property Taxes Are you preparing to buy a home in Tennessee? In addition to researching the area, home insurance, and finding the right home, you likely have questions about property taxes. These levies can add thousands to your yearly home expenses, so understanding how they’re calculated is key to finding a […]

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White House Proposals Aim to Boost Housing Supply

Real Estate News

White House Proposals Aim to Boost Housing Supply 

The US housing market’s story is well-known at this point. Homeowners aren’t budging, so inventory remains low nationwide. Part of that is the 2-3% interest rates many owners hold versus the 6-7% they’d pay now to buy another home. They are financially incentivized to stay in place.  The government wants to change that. Washington released […]

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NAR Settlement Set to Reshape The Business of Real Estate

Real Estate News

NAR Settlement Set to Reshape The Business of Real Estate

Following a landmark lawsuit, the National Association of Realtors (NAR) proposed a settlement that would pay $418 million to home sellers and change the current compensation model for the real estate industry. The Sitzer v. the National Association of Realtors et al. lawsuit, brought by a group of home sellers in Missouri, alleged that the […]

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2023 Reports: Increased Demand for New Construction Homes

Real Estate News

2023 Reports Increased Demand for New Construction Homes  

While existing home sales slid in 2023, new home sales were one bright spot in the housing market. As recently as December 2023, building permits for private residential homes were up 6.1% year-over-year. Nonetheless, it’s still a mixed market when it comes to building or buying a brand-new home, even with the bump in new […]

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The 9 hottest housing markets in 2024

Real Estate News

Sizzling in 2024: The 9 “Hottest” Housing Markets

Even though 2023 home sales dropped to near-record lows, some real estate markets didn’t get the memo. These particular housing markets kept growing, increasing their home sales and median prices despite the overarching affordability challenges. It’s setting them up as 2024’s “hot” real estate markets. What it takes to be a “hot” market Take Denver, […]

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2023 in Real Estate Home Sales Reach Multi Decade Lows

Real Estate News

2023 in Real Estate: Home Sales Reach Multi-Decade Lows

Now that the US housing market statistics are out, the picture reflects home buyers’ economic uncertainty throughout 2023. Nationwide existing home sales data demonstrates that while buyers wanted to buy, many delayed making that decision. Sustained low inventory is a contributing reason; the decline in housing affordability was even more influential.  Just 4.087 million existing […]

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What will happen to the housing Market in 2024

Real Estate News

What Will Happen to The Housing Market in 2024?  

Uncertainty was the name of the game for 2023, and that’s setting up the housing market for 2024. Looking at the data for the end of the year and where experts think real estate market activity is going, here’s what could happen in housing this year.    What happened in 2023 To recap, January 2023 […]

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15 Southern Housing Markets With The Most Post-Pandemic Price Jumps

Real Estate News

15 Southern Housing Markets With The Most Post-Pandemic Price Jumps  

The pandemic hit the US housing market like a tsunami. Before March 2020, conditions were generally stable, if not favoring sellers, when home-buying activity pulled way back. In some real estate markets, it stopped altogether. Real estate sales activity shifted from a trickle to a torrent when the gates opened. Markets report record-breaking prices, multiple […]

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Housing Affordability Updates

Real Estate News

Housing Affordability Update: US Homes Are Too Expensive for Average Buyers  

Can’t afford a home? You’re not alone. Housing affordability improved incrementally based on preliminary data for September 2023. the affordability index landed at 94.1, a two-point increase over August 2023. Even with that improvement, housing affordability is still not a rosy picture.   Estimating housing affordability The National Association of Realtors (NAR) projected that the […]

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Real Estate News

Commissions Changing? What the NAR Judgment Means

In a game-changing verdict, a federal jury ruled the National Association of Realtors (NAR) and other large brokerages owed $1.8 billion in damages because they artificially inflated commissions paid to real estate agents. The decision affects how real estate is transacted in the United States.  How Real Estate Commissions Work Real estate is a sales-performance-based […]

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Price adjustments in the real estate market

Real Estate News

Price Adjustments Picking Up Steam  

The consistently high mortgage rates and home prices are wearing on the real estate market. Over the last quarter, active inventory rose as home sales activity slowed. Nationwide sales are down 15% year-over-year. Days on the market are also increasing in tandem with the reduced sales. Those factors are bringing the market closer to balance, […]

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Tampa Florida Real Estate Market Update

Real Estate News

Tampa Real Estate Market Update

January 2024: Tampa New Listings and Prices Increase The Tampa Bay Area followed nationwide trends of fewer closed sales to start 2024. Around 7% fewer single-family homes sold, although condo sales did increase 4.5%. Pricing growth was sustained, with the greater metro reporting a 5.3% increase to a median sale price of $400,000. Overall, the […]

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Where people are leaving Florida for?

Real Estate News

Where People Are Leaving Florida For

Florida may be the fastest growing state in the nation, but that doesn’t mean everybody likes it. It’s also the top state people are leaving, as shown by US Census migration data for 2022. Here’s why people are saying “goodbye” to the Sunshine State and what states they are putting down their roots.  Why are […]

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Housing affordability

Real Estate News

Housing Affordability Tanks Shows New Data

People are still buying homes, even as mortgage rates reach near 8% and median home prices continue year-over-year appreciation. But what and how they’re buying is taking a major hit, shows the latest data analysis on Federal Reserve and housing market data.   If you’re in the market to buy a home, this news isn’t […]

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Nashville Real Estate Market Update

Real Estate News

Nashville Real Estate Market Update 

Q4 2023: Year-Ends With More Homes For Sale   Looking at month-to-month data for the Greater Nashville metro, total closings were down 3% from November 2023, but pending home sales were up almost 16%. That means 2024 is likely to kick off on a good note when it comes to sales activity. Here’s how the […]

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Tennessee Real Estate Market Update

Real Estate News

Tennessee Real Estate Market Update

Tennessee Year-End Report 2023: Inventory Keeps Drawing Back Tennessee’s year in real estate ended by continuing the trends from earlier months: fewer homes for sale but fewer buyers, too. The late fall months saw mortgage rates reach new highs nationwide, causing even more buyers and homeowners to pause their plans to sell or buy. Here […]

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North Carolina Real Estate Market Update

Real Estate News

North Carolina Real Estate Market Update

Q4 2023 Continues With Low Listings Fewer listings persisted in North Carolina as the year came to a close. The final report on the North Carolina housing market for 2023 shows the state’s trends kept pace. All three months in the fourth quarter demonstrated consistency, with a nearly 7.8% drop in listings on the market […]

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Orlando Real Estate Market Update Featured Image

Real Estate News

Orlando Real Estate Market Update

March 2024: Everything’s Moving Up In Orlando Spring has arrived in the Orlando real estate market, bringing a surge in sales activity! The local associations’ reports have a promising trend: pending, closed sales, median prices, and days on the market are all on the rise. Let’s paint a picture of what’s happening in the promising […]

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Real Estate News

Greater Augusta Real Estate Market Update

Starting 2024: Homes On Market Longer in Augusta The year in real estate ended nationwide with a slowdown in sales. Did that play out in the greater Augusta real estate market? Recent figures show how the real estate activity adjusted with high mortgage rates still dominating in what is normally a slower time of year […]

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Raleigh-Durham real estate market update

Real Estate News

Raleigh-Durham Real Estate Market Update

Year-End 2023: Affordability Challenges the Triangle  The Triangle real estate market kept pace with national trends throughout 2023. Fewer new listings and a shrinking buyer pool due to affordability challenges led to fewer overall sales. Yet people still need homes, which is why overall home prices show stabilization in Raleigh and Durham real estate.  Note: The […]

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real estate market update in Columbia South Carolina

Real Estate News

Columbia SC Real Estate Market Update

Columbia SC Real Estate Update February 2024: Slow and Steady Sales Gains Central South Carolina benefited from the end-of-the-year low-interest rates from 2023, as existing home sales rose slightly in February 2024. Growth was scattered across the region, but generally, the market had more buyers than homes for sale. However, the month also saw more […]

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low inventory in real estate market

Real Estate News

Low Inventory Is Good News for New Construction Real Estate 

The trend in 2023 has been clear: there are simply not enough houses to go around. So, what’s a homebuyer to do? For many home buyers, the answer is becoming crystal clear: new construction real estate. And it seems like homebuilders are banking on this, as new permit activity has surged in metros nationwide. Based […]

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Atlanta real estate market updates

Real Estate News

Atlanta Real Estate Market Update

2023 Year-End Review: Prices Kept Rising in 2023 Demand for living in Atlanta continues, keeping in mind that the area added 1.42% more residents in 2023. That keeps pressure on housing in metro Atlanta, and the year-end report indicates that’s the case. The city has already been named a top “hot” real estate market for […]

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Miami real estate market update

Real Estate News

Miami Real Estate Market Update

  January 2024: Miami Inventory Hits Balance to Start 2024 Miami has long been a hot market, and the experts think that will mostly stay the same in 2024. As the year began, the Miami Realtors data showed a market much closer to balance than other major US metros. Inventory was up.  However, Miami real […]

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