Investors Purchase Record Share of Homes in Third Quarter

Real estate investors bought a record 18.2 percent of the homes purchased during the third quarter of 2021, up from a revised rate of 16.1 percent in the second quarter and 11.2 percent a year earlier, according to Redfin report. Investors bought a record 90,215 homes in the third quarter, up 10.1 percent from theContinue reading “Investors Purchase Record Share of Homes in Third Quarter”

Single Income Households Rising

More than a third (34 percent) of those who moved during the pandemic live in a home where only one adult has a full-time job, according to a recent Redfin report based on an August survey. Before the pandemic, 29 percent lived in a single-family household. More than half (58 percent) of recent movers surveyed byContinue reading “Single Income Households Rising”

Fast Home Sales Increasing This Fall

According to a recent Redfin report, 44 percent more homes are pending sale than a year ago, but only 3 percent more homes recently hit the market. The imbalance between the number of homes for sale and the number of buyers means the market pace is picking up at a time when it typically slows,Continue reading “Fast Home Sales Increasing This Fall”

A Slowing Market With Increased Inventory

The modest calming of the housing market that began in late summer has continued into early fall, according to a recent market report from Zillow. Buyers are finding slightly more selection, price cuts and more time to evaluate a home before it goes under contract.  “The housing market continued its gradual return to some semblanceContinue reading “A Slowing Market With Increased Inventory”

Buying a home?

A real estate transaction has a lot of moving parts. After negotiating, coming to an agreement and entering into a contract, there are several things that should be completed to ensure a seamless closing! Contingencies More often than not, most real estate contracts come with contingencies. In other words, there are things that the buyersContinue reading “Buying a home?”

The Closing Process

The closing process begins when both the buyers and sellers enter into a fully executed contract with one another. Once the contract is signed or “executed”, it can be uploaded through our website under the “Schedule A Closing” tab. Once the page loads, a form will populate. The form requires basic information and allows youContinue reading “The Closing Process”