The U.S. housing market finally favors homebuyers, but few can afford it It’s a buyer’s market, meaning buyers have the upper hand. Following the pandemic-fueled seller’s market in 2021, sellers now outnumber buyers by over 500,000 due to two years of rising mortgage rates and prices. Affordability remains the sticking point for everyone, though: Most buyers can’t afford a home, which is leading...
The clause “inspection for informational purposes only” became popular in the competitive housing market during the pandemic. You may have seen it in an offer, or even used it yourself. While the term sounds simple, buyers and sellers don’t always agree on what it means once the purchase and sale agreement is signed. An inspection for informational purposes only means the home inspection is for...
Finding your dream home often starts long before an in-person visit. Virtual house tours have become an incredible tool, offering a convenient way to explore properties from anywhere. So, whether a potential buyer is currently living in Atlanta, GA, and is looking to buy your home in Portland, OR, they can still virtually tour your home, no matter the distance, so you can appeal to more people for a home...
If you’re shopping for a home, you may come across properties listed “as-is.” This means the seller isn’t making repairs or offering credits for defects and the buyer must be willing to accept the home exactly as it currently is. In this Redfin article, we’ll cover what you need to know about buying a house “as-is,” and whether it’s the right option for you. So, whether you’re buying a...
Flooring experts weigh in on when it's actually time to begin...
Heat waves continue to affect most of the U.S. this summer. Here's how you can protect your HVAC system during the heat and conserve energy...
Selling a home comes with many decisions, and one of the biggest is choosing how you want to list and market your property. Traditionally, sellers work with a full-service real estate agent. But with the rise of alternative listing models, many homeowners are now considering flat fee MLS listings as opposed to the traditional realtor. This option allows you to pay a one-time, fixed fee to get your property...
Key takeaways You don’t automatically owe capital gains tax if you sell your home and buy another. The primary residence exclusion is the most common way to avoid paying capital gains tax. Investment properties follow different rules, and you may need a 1031 exchange to defer taxes. Keeping records of your purchase price, improvements, and selling costs is crucial for lowering your taxable...
The short answer: Yes. Even new homes can have defects, ranging from misinstalled appliances to roof damage to grading problems. New construction single-family home sales have been rising since the pandemic, with builders frantically trying to keep up with the housing demand uptick that began in 2020. Builder incentives, mortgage-rate buydowns, and cash toward closing costs have also made new builds...
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers...
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