Home buyers may have More Negotiation Power now

Did the frequency and intensity of bidding wars over the past two years make you, as one of the home buyers, put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other home buyers. With less competition comes “more” opportunity. Here are two trends that may be the news you need to reenter the market. The Return of Contingencies Over the last two years, more home buyers were willing to

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New Homes May Have the Incentives You’re Looking for Today

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build. There are also incentives that come with it. Here’s why. The Supply of Newly Built Homes Is Rising When looking for a home, you can choose between existing homes and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply. It can be challenging to

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ATANY August Speech Real Estate and Cryptocurrency

August Speech – Real Estate Trend and Cryptocurrency by ATANY

Do you want to learn more about real estate trend and what professionals are talking about today’s real estate market? Don’t miss this Zoom conference organized by ATANY featuring Wesley Chen from EXP Realty, Marisa Yang, Esq and Nico Yu from Waymo. ATANY 八月校友線上講座 Post Covid New York Real Estate Trend and Cryptocurrency and How it would shape the future of out economy. 時間:08/18/22 8:00pm-10:00pm 地點:Online 講座主題: 後COVID時代的紐約房地產趨勢 by Marisa Yang & Wesley Chen Wesley will cover “Whether the housing market will crash? Looking it from three angles: Current house supplies, New construction, and Foreclosure status.” 加密貨幣:重塑未來經濟的趨勢 by Nico Yu

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Real Estate Market today: Why it’s still a Sellers’ Market?

When it comes to real estate market today, there’s more and more talk about the real estate market cooling off. You may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. There are three

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AWindow opportunity for buyers

A Window of Opportunity for Homebuyers in New Jersey

This is yet another homebuyer tips New Jersey for August 2022. Mortgage rates are much higher today than they were at the beginning of the year. That’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. As the market undergoes this shift, it’s important to compare today not to the

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How Your Equity Can Grow over Time?

How Your Equity Can Grow over Time It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity you truly have.   The National Association of Realtors (NAR) has done a study to calculate the typical equity

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Is Homeownership Still the American Dream?

Is Homeownership Still the American Dream? Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph below):   As the

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What Does an Economic Slowdown Mean for the Housing Market?

What Does an Economic Slowdown Mean for the Housing Market? According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up many fears and questions around how it might affect our lives, our jobs, and business overall. And one concern many Americans have is: how will this affect the housing market? We know how economic slowdowns have impacted home prices

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Sellers Have an Opportunity with Today’s Home Prices

Sellers Have an Opportunity with Today’s Home Prices As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand is high. As mortgage

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Will Home Prices Fall This Year? Here’s What Experts Say.

Will Home Prices Fall This Year? Here’s What Experts Say. Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices?  Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.” So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance

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