Agents say this hot real estate market isn’t showing signs of cooling down. Intense buyer demand and extremely low inventory are hiking up home values.
“The housing market is hot. Very hot,” National Association of Realtors Chief Economist Lawrence Yun told FOX Television Stations. But Yun predicts that things could soon cool down.
While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.
About 59% of homes that went under contract had an accepted offer within two weeks of hitting the market.
According to data FOX 35 received from Florida realtors, the number of home sales statewide increased by 18% in January of this year, compared to last year. On the Space Coast, the number of home sales spiked 17% this year.
Real estate experts say their developers have a multimillion-dollar plan to redevelop the Winter Park Village shopping complex.
The Commerce Department reported Friday that the June gain pushed sales of new homes to a seasonally adjusted annual rate of 776,000. The increase follows a 19.4% jump in May.
Smaller cities in the United States are becoming real estate hot spots amid the coronavirus pandemic, according to a real estate expert.
A $4.5 million dollar home up for sale in Potomac, Maryland has been getting a lot of attention on social media partially because it has a "tiny town" in the basement.
The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.
A statewide ban on foreclosures and evictions is about to expire in Florida. The governor issued the order in early April as many were left unemployed due to the coronavirus pandemic. State lawmakers say the order is set to expire on Sunday.
COVID-19 is forcing some industries to change the way they conduct business.
Realtors are now using live streams and virtual tours online to show homes to prospective buyers to avoid spreading the COVID-19 virus in person.
According to the National Association of Realtors, single women accounted for nearly 20 percent of home purchases in 2019.
The city of Auburn, New York, is selling a massive Victorian home for $50,000 - but only if interested buyers can provide a full restoration plan for the residence.
The string of events that led to an Ohio county owning a home more than 600 miles away started when an elderly woman moved to Ohio to be with her daughters.
Realtor Rob West gives real estate tips so you can get out of your starter home.
Money and Real Estate discussion with Certified Financial Planner Joe Bert