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Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks.
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At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year.
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There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program.
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In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional.
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With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast.
According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks.
If you’re ready to make a move, contact a local real estate professional today so you can sell your house while the market is in your favor.
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