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Home sale cancellations hit record high in January

Housing Wire

Home sale cancellations in the U.S. The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. Meanwhile, pending home sales hit a record low for January, excluding the early pandemic months. home-sale price rising 4.1% year-over-year.

Sales 367
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Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It Altos considers anything above 30 to be indicative of a seller’s market.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Are you considering skipping the home inspection? A homebuyer’s guide to a competitive housing market. There could be safety hazards.

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Are borrower-assisted inspections here to stay?

Housing Wire

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

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Bummer! Existing-home sales flop, but relief could be on the way

Housing Wire

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. After a modest monthly uptick in July, existing-home sales fell 2.5% Sluggish sales left total housing inventory at 1.35 Regionally, sales results weren’t much better.

Sales 459
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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

Much of this work was conducted on large national listing portals, but I also utilized Altos Research market reports to track home-price and inventory trends in my search area of southern New Hampshire. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82