When both parties clearly understand and discuss all of their priorities – not just price – it reduces friction and supports smoother closings.
More homebuyers may be ready to enter the market now – figuring out debt-to-income ratio, interest rates, budget considerations and other factors are key.
First-time claims, at 5,375, dropped for the 2nd week in a row. Fla.’s jobless rate has slowly increased to 4.6%, reflecting mid-February conditions.
The government’s spending and investment grew at a 9.3% annual rate in Q1 while consumer spending growth slowed to 1.6%. Q1 covered about a month of the Iran war.
Real estate Q&A: A new survey found the overlap, not uncommon as property lines don’t always match assumptions. Confirm the results first, then talk to the neighbor.
Realtor.com April report: U.S. home prices fall for 6th straight month, but fewer price cuts indicate that sellers are entering the market with realistic expectations.
Prices rose 3.5% compared to a year ago, pushing inflation further away from the Fed’s 2% target, likely leaving interest rates on hold at least for now.
Open houses can generate traffic, widen the pool of potential buyers, shorten the decision window and support stronger offers, plus reinforce buyer trust.
Ending a 3-week slide, it’s up from 6.23% last week, but lower than the 6.76% a year ago. The 15-year FRM rose to 5.64%; it was 5.58% last week and 5.92% a year ago.
Thoughtful planning can help would-be home buyers prepare for the experience. A clear look at finances and budget is a good place to start.
