If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.
Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs.
With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.
When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer.
The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.
There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move. Here are some of the top questions you may be asking – and the data that helps answer them.
Our changing climate is impacting where people buy homes according to the National Association of Realtors (NAR). If you’re planning to move, climate impacts are something you might want to review and discuss with your agent.
Last year, over 56,000 wildfires burned 2.6 million acres, destroying over 4,300 home and commercial structures across the United States. According to the National Interagency Fire Center (NIFC), 4,318 structures were destroyed by wildfires in the United States in 2023, including the devastating fire that destroyed 2,207 structures in Lahaina, Hawaii, the most devastating fire in modern US history.
When your home is worth far more than what you paid for it, you might expect to make a tidy profit when selling. However, you may end up paying capital gains tax too. Depending on how long you have owned your home and market conditions, this amount can be significant. Here are tips to limit capital gains tax liability when selling, or thinking about selling in the future.