A Real Estate Witch report reveals 8 in 10 homeowners underestimate the true cost of homeownership, including costs not included in their mortgage payment. Agents who prepare buyers for the full financial picture stand out—here’s why.
In the wake of the devastating L.A. County wildfires, homeowners are grappling with pressing questions about their financial obligations, including their mortgage.
Ramon Casaus examines the rise of co-living properties as a creative response to America’s real estate affordability crisis, highlighting their potential to reduce costs, maximize space, and build community.
The Aspen Institute reveals a massive wealth gap: as of 2022, homeowners boast a median net worth of roughly $396,500, while renters sit at $10,400.
Bright MLS reports that nearly 20% of homeowners have the intention of selling in 2025, with younger homeowners aged 30-49 driving the market—over 26% of them are ready to list their homes.
Tom Toole breaks down the four types of buyers every seller should know before considering a private sale, sharing a proven script to guide sellers toward securing a deal with the best pricing and terms.
Clever Real Estate’s recent research reveals that nearly two-thirds of homeowners (63%) have gone into debt for renovations, with 78% exceeding their budgets on their last projects.
According to Zillow’s 2024 Consumer Housing Trends Report, 89% of home sellers in 2024 used a real estate agent, with most expecting agents to provide digital tools like virtual tours and high-resolution photography.
According to Zillow’s seller report, 78% of homeowners are motivated to sell due to major life events, such as changes in family size or job relocations. Most sellers take 3-4 months to decide, with 48% seeking a new location, more space, and/or a different layout.
On today’s Hot Sheet, Byron Lazine shared scripts and email subject lines you can leverage to take advantage of this week’s drop in mortgage rates and help save home buyers money.
According to a recent survey by Clever Real Estate, the average homeowner spends $54,156 to sell their home. And 42% of the homeowners responding to the survey say the home-selling costs were higher than they expected.
New reports from Zillow and Redfin highlight the origin and impact of inventory growth in 2024, as more homeowners list their homes while buyers take a step back, pushing inventory up and increasing days on market and the share of homes with price cuts.
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