A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely [...]
Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:
Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market [...]
Builders advertise their homes at the BASE MODEL PRICE. When you see the ad saying, Starting From the Mid $200s, all this means is their least expensive model home has a Base Model price of $255,990 or so. This home will not sell for that [...]
With new home communities, not all sales are reported through the Multiple Listing Service. I always go back to the tax records to see exactly what recent homes have sold for INCLUDING ALL OPTIONS AND UPGRADES. The new, to-be-built homes that are listed for sale in the MLS are listed at the Base Model Price, and the final price can be [...]
It's so easy to find everything about homes for sale on the Internet isn't it? All of the details that were previously only available to real estate professionals can now be found on Zillow and Trulia and a multitude of other sites. Some even proclaim that they know the value of any home in any town, based on public information pulled from [...]