Don’t Wait to Sell Your House! Buyers Are Out Now

 

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

 

Let’s see how this applies to the current residential real estate market.

 

SUPPLY

It is no secret that the supply of homes for...

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5 Ways Tax Reform Has Impacted the 2018 Housing Market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

Now that the first quarter numbers are in, we can begin to decipher the actual that impact tax reform has had on the real estate market.

  1. Has...

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Living Small(er): Are Floor Plans Shrinking?

Housing data over the past decade shows that when it comes to floor plans, bigger is not necessarily better. The size of the average American home took a big hit during the Great Recession, and the trend toward smaller homes is continuing even though the market has recovered, according to Metrostudy data.

In fact, the average home size in the country’s top 15 housing markets has declined over the past two years, with significant dips in Charlotte, N.C., and Washington, D.C., where home sizes...

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