Author: Diamond Realty Group LLC
The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Read More
To all essential workers on this Labor Day, thank you. Read More
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes faced competition in August. Though that’s down from a revised... Read More
![Photo of The 2020 Homebuyer Wish List [INFOGRAPHIC]](https://www.drgfl.com/wp-content/uploads/20200904-KCM-Share-549x300-1-450x0-c-default.webp)
Some Highlights The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible. From more outdoor space to virtual classrooms for their children, buyers have a... Read More
Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities. America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February. Now it’s even more acute: Supply dropped for the twelfth-straight... Read More
Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the 6.9% increase in purchasing power. A homebuyer with a $2,500 monthly housing budget can afford a home priced $33,250 higher than a year ago, thanks to historically low mortgage... Read More
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If... Read More
You’ve been house hunting for weeks, possibly months, and now you’ve finally found a beautiful home that would be just perfect for your family. Already familiar with how to make an offer on a house, you submit what you believe is a competitive... Read More
The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be... Read More
6644 42nd Way, Boca Raton, FL 33496 Listing Agent: Pamela Susan Finkelstein It’s true, a 4 bedroom, 4 bathroom, plus a loft in Woodfield CC… all for under $450,000! The highlights of this home are neutral tile flooring, soaring ceilings, lots of windows, an open floor plan,... Read More
Seemingly Invincible, the Housing Market Posts More Strong Gains—Pending Sales Up 20%, Prices up 11%
Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019. Pending home sales rose 20% year over year, even while... Read More
When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely... Read More