Posts with tag 'Condos on Pensacola Beach'
Levin Rinke Realty Blog
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October
6
6
Why Pricing Your House Right Is Essential?
In today's real estate market, setting the right price for your house is one of the most valuable things you can do.
According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts antici...
September
2
2
6 Best Ways to Win in a Bidding War
Sometimes the demand for homes exceeds the supply. This is known as a seller's market. A seller's market poses a real challenge to buyers who must compete with many others wanting to buy the property. Such situations may result in bidding wars which can drive the sale price well beyond the initial asking price. Before learning how to win a house bidding war, let's look at the definition.
What is a Bid...
July
20
20
Does Your Home Have What Buyers Are Looking For?
There's a great opportunity for today's homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:
"Sellers continue returning to the market at a cautious pace and further improvement could be c...
June
2
2
2020 Home Prices: All About Supply & Demand
As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what's to come. Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on the market. Keep in mind, this undersupply is going to vary by location and by price point. According to the National Association of Realtors (NAR), across the country, we currently have a 4.1 months supply of homes on the market. Historically, 6 months of supply is considered a balanced market. Anything over 6 months is a buyer's market, meaning prices will depreciate. Anything below 6 months is a seller's market, where prices appreciate. The graph below shows inventory across the count...
March
5
5
How Much "Housing Wealth" Can You Build in a Decade?
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
Below are three graphs depicting the most important data revealed in the study.