Sellers Are Often Making Price Reductions In A Matter Of Weeks Not Months
Most segments of the local housing market are moving very quickly these days. Many homes are going under contract in a matter of days and not weeks. As such, the market…
Mortgage Interest Rate Fluctuations Do And Do Not Seem Likely To Impact Local Housing Market Activity
Will mortgage interest rate fluctuations impact market activity in the local housing market? Yes and no. For context, first... Over the past year, rates have fluctuated…
Slightly More Homes Are Selling This Year Than Last, At Significantly Higher Prices
Happy Monday morning, friends! I hope you had an enjoyable weekend of seeing (or in my case, not seeing) the Northern Lights, celebrating the mothers in your life, and…
Some Buyers Are Starting To Be Able To Compare And Contrast Multiple Similar Listings At The Same Time Now
For the past few years, inventory levels were so low and homes were going under contract so quickly that a buyer's process looked like this... Home #1 is listed for sale…
No Need To Get Overly Competitive As A Home Buyer... Unless You Have Competition
Many sellers of homes newly listed for sale are still receiving multiple offers from eager buyers within the first few days on the market... but that is not universally…
Local Real Estate App Now Available For Download
Funkhouser Real Estate Group has recently launched a real estate app that will make your home search easier than ever. Download it today by clicking here, or read on for…
It Is Prime Time For Getting Your House On The Market If You Want To Sell This Summer
Lots of home buyers try to, prefer to, want to move into their next home during the summer months... which typically means contracting on that home in May or June. As…
What Would You Buy If EVERY Existing House Were Offered For Sale?
What Would You Buy If EVERY Existing House Were Offered For Sale? This can be a helpful question -- though often not specifically productive. Sometimes it can be…
It Is Not Your Imagination. There Have Been Fewer Resale Homes Listed For Sale This Year
Quite a few home buyers (or would-be home buyers) have asked me lately about whether we are seeing fewer resale homes (not new construction) being listed for sale in…
Strong Contract Activity Continues Into April
We saw a surprisingly high number of homes go under contract in March this year... 143 of them, compared to only 118 last March. And... this April is also starting off…
Home Sales Are On The Rise Again In 2024 With Slightly Smaller Increases In Home Prices
Happy Friday morning, friends! We're having some warmer (and mostly sunny) days this week in the Shenandoah Valley. We probably needed yesterday's rain, though…
Another Buyer May Be Able Or Willing To Pay More Than You
Many homes in many price ranges are still receiving multiple offers. Thus, a variety of questions may run through your mind if you are making an offer on a popular new…