Connect

New Search X

October 2018

Found 2 blog entries for October 2018.

When an offer on a home has been accepted, that home's sale is considered pending. It isn't final until closing, which typically takes place a few weeks later. But, because most accepted offers result in completed sales, the National Association of Realtors tracks contract signings as an indicator of what sales should look like in the near future. In September, the NAR's Pending Home Sales Index showed a slight increase from the month before, though it's still below where it was at the same time last year. Lawrence Yun, NAR's chief economist, says the month-over-month increase is a good sign. “This shows that buyers are out there on the sidelines, waiting to jump in once more inventory becomes available and the price is right,” Yun said. In other words,

2,077 Views, 0 Comments

No one wants to make big decisions hastily. It's a great way to make mistakes and end up with regrets. Which is why, in an ideal situation, home buyers would have time to consider the pros and cons of multiple houses and choose the one that best fits their needs and wishlist. Unfortunately, in a competitive market, that's not always possible. And so, buyers have to be prepared and ready to make an offer when they see a house they like. The good news is, now that inventory is beginning to rise and houses are staying on the market longer, home buyers have more time to weigh their decision. In fact, according to a recent survey, the number of buyers who made an offer on a house without seeing it first has fallen 15 percent since late last year. This is a

2,256 Views, 0 Comments