Author: Diamond Realty Group LLC
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around,... Read More
But prices of small homes were up 8.1% year over year in July, compared with 6.7% for large homes, reflecting the continuing importance of affordability for homebuyers. The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than the typical home that... Read More
A savvy homebuyer will schedule a home inspection for any home they’re serious about buying. After all, who wants to find out after moving into their dream home that the furnace is on the fritz or that termites have taken up residence in... Read More
Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a... Read More
Key takeaways for the 4-week period ending August 16: Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014. Pending home sales were up 15% year over year, and are showing signs of... Read More
A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. Sales of newly-built homes climbed 10.1% year over year in July, recovering to pre-pandemic levels, while sales of existing... Read More
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the... Read More
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According... Read More
Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their family. As a homebuyer, you have... Read More
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Some Highlights According to trending data, searches for key real estate topics are skyrocketing online. Clearly, lots of people have questions about buying a home, and other topics related to the process. Working with a trusted real estate professional will help you create the most... Read More
As working from home continues to become the new norm, you might be feeling like your current home office just isn’t making the cut anymore. If your office doesn’t let in much natural light, or you’re lacking the space for a dedicated work area, or you just need... Read More
Now more than ever before, we’re seeing more adults choosing to live at home as they grow in years, or what is known as aging in place, and maintain their lifestyle for as long as possible, rather than moving into a nursing home or assisted care center. In... Read More