Spring and summer bring more homebuying options but also increased competition. To improve your chances in a hot market, have mortgage preapproval ready and work with a knowledgeable agent. Understand the market, property, and seller priorities to tailor your offer. Sweeten your bid by increasing earnest money deposits, adding escalation clauses, or offering concessions like paying certain fees or buying...
U.S. home prices rose just 0.1% month-over-month and 1.9% year-over-year in February, reflecting a cooling market with more sellers than buyers. Buyers had negotiating power, often securing discounts amid limited competition. Mortgage rates hovered around 6%, affecting affordability. Price changes varied locally, with declines in some metros and gains in others. The market favors informed buyers and...
Home sales in Southern California and statewide rose in February due to slightly better mortgage rates, with California's existing single-family home sales up 7% from January but down 0.3% from last year. Median home prices increased 0.9% statewide to $830,370. Prices varied by region, with some areas seeing declines. Mortgage rates recently hit a seven-month high, potentially affecting buyer...
Slide 1 April 12–18 is the best week to sell a home. Slide 2 Sellers may earn $26,000 more than at year’s start. Slide 3 Homes sell faster with fewer price cuts during this window. Slide 4 Tech and coastal markets should list earlier in March. Slide 5 Midwest and Northeast markets align with the mid-April peak....
Recent data shows significant declines in major markets, with Florida experiencing the largest average drop of $29,400, followed by California at $24,700. These decreases suggest challenges in real estate and economic conditions, possibly reflecting shifts in buyer sentiment and market stability. Stakeholders are advised to monitor these trends closely and consider strategic adjustments in response to...
Despite a slow winter, 73% of surveyed real estate agents expect a stronger spring market due to pent-up demand. Affordability remains a key challenge, though slightly eased by better mortgage rates. AI adoption is high, with 86% using tools to enhance workflows. Economic concerns, especially job security, cause many clients to delay buying or selling, while geopolitical tensions also impact major...
Sales are ↓31% versus the last 18 years, far steeper than the national ↓6%. High interest rates keep buyers sidelined; sellers resist swapping low-rate mortgages for much higher rates. Insurance costs are rising amid wildfire impacts and limits on premium increases, disrupting the state’s insurance market. New taxes like Measure ULA in Los Angeles and...
Enhance curb appeal with cleaning, landscaping, and fresh paint for strong first impressions. Declutter, depersonalize, and deep clean to make rooms look larger and more appealing. Make repairs, stage with neutral décor, and price competitively using local comparisons. Market with quality photos, online listings, and open houses; work with an experienced...
New homeowners in Tulare, Visalia, Porterville, and Fresno receive water and garbage services from their respective cities. Gas and electricity are provided by regional utility companies. Cable options include major providers and satellite services, while phone and internet are available through a primary telecommunications provider. Continue to full...
Existing-home sales started 2026 weakly at 3.9 million annualized, the lowest in over two years, due to harsh winter weather and affordability issues. Inventory improved by 9% year-over-year to about 1.22 million homes, offering buyers more choices and 12% better buying power. However, new listings were down 4%, limiting market recovery. Mortgage credit availability rose slightly, easing lending...
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