Author: Diamond Realty Group LLC
Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the... Read More
Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices. Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August,... Read More
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six... Read More
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the... Read More
Relatively inexpensive areas outside major cities—like El Dorado County, just east of Sacramento, and Camden County, across the river from Philadelphia—are gaining ground with homebuyers as New York City and San Francisco lose steam. Housing markets that offer homebuyers more bang for their buck and are... Read More
Imagine a house where every electronic component and device is powered by the sun. Where every raindrop that hits your roof is used to water the yard, even on dry days. Where your trash is turned into fertilizer, which in turn is used to grow produce for your... Read More
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize,... Read More
New listings of homes for sale were 6% above 2019 levels Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 13: Median home sale price increased 13% from 2019 to $319,261—the highest on record. The 13% year-over-year increase was the largest since October 2013. Read More
![Photo of Homes Across the Country Are Selling Fast [INFOGRAPHIC]](https://www.drgfl.com/wp-content/uploads/20200918-KCM-Share-549x300-1-450x0-c-default.webp)
Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing... Read More
Homes are selling the fastest in swing counties, a reflection of rising interest in the suburbs as the pandemic drives homebuyers to prioritize space. The median home price in blue counties nationwide rose 13.1% from a year earlier to $346,000 during the four weeks ending September... Read More
So, you’ve finally found the perfect home and you’ve submitted your offer. In an ideal situation, the seller would accept it, you’d close, and the home would be yours. However, it’s not always that easy. In fact, it’s likely the seller will submit a counter offer.This is when... Read More
The housing market in August resembled a game of musical chairs, as high home prices and low mortgage rates began to draw more sellers to the market: New listings climbed 5%, fueling a 30% increase in pending sales. The national median home price rose 11% year over year to... Read More