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3 Hot Topics in the Housing Market Right Now The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market. >>Technology Acceleration and Innovation The past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this: “Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.” >>Remote Work and Mobility Working from home became the reality for many individuals during the pandemic, and the latest list from the CRE identified remote work and mobility as an important influence on the real estate market. As the report notes... #Bgroup #Prescott #Realtor #Homes #Smart

Mon, Jul 26 2021

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Today’s Real Estate Market Explained Through 4 Key Trends Here’s a look at four key components that are shaping this unprecedented market. >>A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. This is good news for buyers who crave more options. But even though we’re experiencing small gains in the number of available homes for sale, inventory remains a challenge in most states. That’s why it’s still a sellers’ market. >>Buyer Competition and Bidding Wars Today’s ongoing low supply, coupled with high demand, creates a market characterized by high buyer competition and bidding wars. Buyers are going above and beyond to make sure their offer stands out from the crowd by offering over asking price, all cash, or waiving some contingencies. The number of offers on the average... #Bgroup #Prescott #Realtor #Homes #Smart

Sat, Jul 24 2021

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Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC] The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction. You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together. #Bgroup #Prescott #Realtor #Homes #Smart

Fri, Jul 23 2021

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3 Hot Topics in the Housing Market Right Now The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market. >>Technology Acceleration and Innovation The past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this: “Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.” >>Remote Work and Mobility Working from home became the reality for many individuals during the pandemic, and the latest list from the CRE identified remote work and mobility as an important influence on the real estate market. As the report notes... #Bgroup #Prescott #Realtor #Homes #Smart

Mon, Jul 26 2021

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Today’s Real Estate Market Explained Through 4 Key Trends Here’s a look at four key components that are shaping this unprecedented market. >>A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. This is good news for buyers who crave more options. But even though we’re experiencing small gains in the number of available homes for sale, inventory remains a challenge in most states. That’s why it’s still a sellers’ market. >>Buyer Competition and Bidding Wars Today’s ongoing low supply, coupled with high demand, creates a market characterized by high buyer competition and bidding wars. Buyers are going above and beyond to make sure their offer stands out from the crowd by offering over asking price, all cash, or waiving some contingencies. The number of offers on the average... #Bgroup #Prescott #Realtor #Homes #Smart

Sat, Jul 24 2021

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Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC] The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up. Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction. You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together. #Bgroup #Prescott #Realtor #Homes #Smart

Fri, Jul 23 2021

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