Real Estate Survival Guide with Terry Story
Business:Investing
Steve starts his Real Estat Roundup segment by asking Terry how long a typical For Sale house stays on the market before it gets a confirmed buyer. Terry says the national average was 27 days for the month of May 2017, well below the 100+ days it took when the 2007 recession hit. She says Florida’s residential real estate market is a little sluggish, with homes on the market for 45 to 60 days because they are priced a little higher than the rest of the country and, therefore, take a little longer to sell.
The bottom-line is that the inventory of homes for sale continues to remain low, so homes are snapped up fairly quickly after they list, with buyers also eager to lock in low mortgage interest rates. She also holds baby-boomers responsible for the tight inventory because they are less willing to sell, are content with the homes they live in and, if they sell, typically downgrade to smaller homes where they compete with first-time home buyers.
Have Real Estate Prices Peaked?
The Most Popular Home Styles Right Now
Is Climate Change Beginning To Affect The Value of Your Florida Home?
What Millennials Have Learned From Watching Their Parents Real Estate Mistakes
Is It Ever Okay For Your Support Animal To Be A Peacock? Really, Is It?
From Condominiums To Luxury Homes: How To Properly Sell Your Property
The Best Ways To Sell Your Home
Why You Should Never Make A Lowball Offer On A House
Top 10 Home Projects To Recoup Your Money
The Market, The Bubble, And The Annoying Neighbors
Here’s How To Find The Right Asking Price For Your Home
Closing Tip: Never Give Away Your Key Until You’re Sure You Both Agree
Tips To Quickly Sell Your Home In A Softening Housing Market
Here’s What Is Affecting Your Home’s Value Right Now
Is The Housing Market Going Soft?
Here’s How Luxury Homeowners Are Influencing The Housing Market
The Government, The Shutdown, And Its Effect On Your Real Estate
2019 Housing Forecast For Home Prices, Mortgages, And More
A Fixer Upper Home May Be Your Best Option In This Market
Million Dollar Homes Are On The Rise, But Only In A Few Select Cities
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