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Sharp Increase in New Construction Can’t Keep Pace with New Household Formation

Sharp Increase in New Construction Can’t Keep Pace with New Household Formation

by Susanne Novak | Feb 14, 2022 | Buyer Tips

Despite of a massive increase in building permits and new home construction, not enough homes are being built to meet demand. That’s one of the core findings of new research from realtor.com. The Housing Supply Gap Expands in 2021 New households are formed at a...
The Best Time to Buy a Home is the First Week of October – Are You Ready?

The Best Time to Buy a Home is the First Week of October – Are You Ready?

by Susanne Novak | Sep 20, 2021 | Buyer Tips

The first half of 2021 was extremely challenging for buyers. You had to compete against multiple offers typically above list price, the inventory was lower than ever, and many homes sold in just a few days. If you have lost out a few times, you may have concluded that...
Don’t Write Love Letters to Sellers – You Could Get Sued

Don’t Write Love Letters to Sellers – You Could Get Sued

by Susanne Novak | Aug 2, 2021 | Buyer Tips, Trends

Many desperate buyers write Love Letters to Sellers hoping to convince them to pick their offer in a competitive situation. They try to create an emotional connection with homeowners to sway the decision in their favor. How Love Letters Become a Liability I know of...
4 Steps to Successfully Buy (and Not Overpay) in a Sellers’ Market

4 Steps to Successfully Buy (and Not Overpay) in a Sellers’ Market

by Susanne Novak | Jun 21, 2021 | Buyer Tips

Today’s housing market is challenging to say the least.  Many home buyers get frustrated when they are faced with a slim selection of listings and competing purchase offers above list price. All too often I see buyers delay their home purchase hoping the housing...
Market Update: How Much Over List Price Should You Offer to Win?

Market Update: How Much Over List Price Should You Offer to Win?

by Susanne Novak | Apr 26, 2021 | Covid, Market Updates

The total number of homes sold increased by only 2.3% in March. Not a big jump if you consider that we were locked down this time last year. However, the average sales price was up by 11.5%, Days on Market plummeted by 41.5%, the average home sells for more than list...
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