Sellers Rush Before Market Slows
Sellers Rush Before Market Slows: With greater signs of a slowdown occurring, home sellers are growing concerned that they could miss out on the buyer frenzy.
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Key Questions To Ask Yourself Before Buying a Florida Home * 3 Min Read Or Link To Video
Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know how to answer these three questions. 1. What’s Going on with Home Prices? Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate. The graph below shows just how much experts are forecasting prices to rise this year: Continued price appreciation is great news for existing homeowners but can pose a significant challenge if you wait to buy . Using these forecasts, you can determine just how much waiting could cost you. If prices increase based on the average of all forecasts (12.46%), a median-priced home t...
Before You Buy That Fixer-Upper, Read This!
For the first time in years, existing homes (yes, the older ones that often need updates) are selling for more than brand-new construction. According to the latest numbers , the median price of an existing home is $429,400. For a newly built home? $410,800. That’s an $18,600 difference. So if you’ve been eyeing a resale home thinking it’s the “cheaper” option, you might want to check out all your options. Let’s break down what’s going on, why it matters, and what it means if you’re thinking about buying a home. The Numbers Say It All It used to be that brand-new homes were priced way above resales. From 2010 to 2019, the gap between new and existing homes averaged about $66,000. Over the past five years, that gap narrowed to around $25,000 on average. Things first flipped in Q2 and Q3 of 2024, when the median price of existing homes surpassed new homes for the first time. And now in 2025, that trend is holding strong. Not only are resale homes more expensive than new const...
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