Market Trends Q3 2024
Q3 2024 Market Trends Quarterly Newletter For Issuu
Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment
. To see what makes the most sense for you, let’s sit down and crunch the numbers together. You may find you have the opportunity to forget renting for good.
Worried about a housing market crash?
Worried about a housing market crash? Here’s why supply and demand show you don’t need to be. In a balanced market, we see about a 6 months’ supply of homes for sale – meaning supply and demand is about equal. Back in the 2008 crash, that jumped way up to 13 because there were too…
Thinking about pulling your house off the market until next year? Think again.
Thinking about pulling your house off the market until next year? Think again. Buyers who look during the fall season are serious and eager to move quickly, especially now that mortgage rates are down from their recent peak. So, don’t miss out. Keep your home listed to attract motivated buyers who are ready to negotiate…
July 2024 Market Stats
SlidesMarketReportRenoSparks
I truly only need 3.5% down for a home purchase (primary residence), with an FHA loan?
I’m very new to home buying obviously and this will be my first home. I’m in the infancy of looking and researching. I have a 780 credit score, my only debt is $7,000 loan for my MBA (payment is less than $100 each month) and I’m figuring in this current market, I’m hoping to get…
Seller damaged the house right on closing date
While wiring the money on closing dates (80% of the money funded, my realtor told me there was an issue. While the seller taking out his dryer and washer (2nd floor), there was a problem with the hose of the washer, but the seller didn’t pay attention. The water got leaked, it soak in to…
5 days before closing, seller backs out. WWYD?
Set to close in 5 days in NJ. Today our real estate attorney said the seller is backing out. Apparently they didn’t like something they saw in their new-build home (cracked foundation) so they cancelled their purchase and decided not to sell their current house. 100% of our escrow will be returned, sellers verbally offered…
MD – can an HOA be created after a property is sold as ‘no HOA’?
I’m looking at a small vacant lot in Maryland, being sold as 1 of 5 other vacant lots. They are all builder owned. The deed does not describe any restrictions regarding improvements, and the builder does not require the buyer to use him for any new construction. It’s advertised ‘No HOA.’ Is it possible for…
Buyers Complaining and Want Money After Closing
Our buyers closed two weeks ago. They had only been complaining about a smell on the basement stairs, even though the contract post-inspection only required us to clean the brand-new carpet and fix some electrical issues. Nothing about remedying a smell. The carpet cleaner they chose even said it just smelled like a typical concrete…