A New Home For The Holidays? Buyers Are There Even With Some Sellers Waiting Until 2022

By KIMBERLEY HAAS It may be the week before Christmas, but that doesn’t mean potential homebuyers aren’t out searching for their perfect piece of real estate. Lewis Esposito, a licensed real estate professional at RE/MAX Preferred in West Chester, Pennsylvania, says buyers don’t want to wait until the new year and when asked if realtors are showing houses this week, he said if clients see a home they like then showings are being offered. “If you have a buyer, they’ll tend not to want to wait until after the new year. If they see something, they’ll jump on it,” Esposito said. Esposito, who works in the suburbs of Philadelphia, said he has a few clients who are holding off until…

Wishing For A White Christmas? Home Sales Will Likely Stay Warm This Winter, As Will The Weather

By KIMBERLEY HAAS As people throughout the country wish for a white Christmas this upcoming weekend, it is expected that home sales will stay warm in many parts of the nation throughout the winter. Continued bidding wars, the Great Resignation, and Millennials on the market will all likely contribute to keeping home prices high during a season where sales typically cool off until spring. And above-average temperatures expected in many parts of the United States may also keep buyers on the market at a time when they would typically try to avoid moving due to snow and ice. Bidding Wars Redfin reported on Friday that in November, 59.5% of home offers written by their agents faced competition, which is the…

The Mortgage Note Is Looking For Santa’s Biggest Lil’ Helpers — Right In Your Office!

Across the country this December, mortgage professionals will be stepping up to help people in need, support community charities, and generally help make the season a little brighter. The Mortgage Note wants to celebrate those efforts by highlighting them in an upcoming edition of our newsletter — and by doing our part to spread holiday cheer. We’ll pick one highlighted charity and make our own $1,000 donation to it. What do you need to do? Just write a brief description of the charitable activity you and/or your co-workers are doing this year—ringing the Salvation Army bell, collecting for Toys for Tots, working at a local food bank, etc.—and email it to: [email protected] Also, include a link to the website of the…

RPT: Median Home Spent Just One Week on Market, Setting New Record

A typical home spent just one week on the market before going under contract, according to a new report from the National Association of Realtors. Their annual Profile of Home Buyers and Sellers — “real estate’s definitive guide on home buyer and seller trends” — reported on the pace of home sales between July 2020 and June 2021. By comparison, the average in 2012 was eleven weeks. “Buyers moving quickly during the pandemic, coupled with all-time-low inventory, led to a decline in time on market to the shortest ever recorded, which was just one week,” said Jessica Lautz, vice president of demographics and behavioral insights at NAR. “Only a quarter of home sellers offered incentives to entice potential buyers, down from…