Happy October!
All systems are a go for an exciting, successful autumn housing season. Check in with the latest news and industry updates, so you’re ready to take on the real estate world! We’ve gathered everything you need to know in this week’s real estate resource roundup:
Realtor.com® Forecasts Hottest Fall Housing Market In 10 Years
After a summer home-buying season marked by record demand and sky-high prices, the residential real estate market is shaping up for its hottest fall in a decade as homes for sale in September are moving 4 percent more quickly than last year!
Experts: Housing Isn’t Running Out Of Steam Despite Low Inventory
A recent housing report denies that the housing market is slowing down due to lack of inventory. Find out how mortgage applications and new construction come into play.
Strong Buyer Demand Continues To Outpace Inventory of Homes for Sale
Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. Here’s what buyers and sellers can expect.
Home Prices Are Approaching Record Highs, But This Isn’t A Bubble Set To Blow
Though home prices are approaching the record highs seen before the financial crisis, the amount people are borrowing hasn’t swelled nearly as much as it did which preventing a possible bubble. Learn more.
1 In 10 Borrowers May Be Missing Out On Mortgage Savings
The average rate on the popular 30-year fixed mortgage has been so low for so long that some borrowers don’t believe ever going higher, meaning one in ten borrowers could be missing out on savings. Read the details.
The Real Reasons Behind America’s Housing Inventory Dilemma
As consumers plan for 2017, many prospective sellers have shifted toward selling in the spring. This means low inventory could be lower in the coming months.
Get Ready to Sell More Supersized Homes
Not all buyers are following the small-home trend! The desire to go big is growing again as the share of new homes built with 5,000 square feet or more is on the uptick, according to new data.
In case you missed it here on Clean Slate, Senior Director of Learning and Development Karlton Utter shared his tips for increasing awareness for your next open house! As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.
