Posts with tag 'home buyers'
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Update on Changes in Real Estate Process
Background
A recent federal court ruling challenged some of the National Association of Realtors' (NAR) practices. NAR reached a settlement that included significant changes to real estate transactions.
Traditionally, listing agents offer a portion of the total commission charged to a seller as compensation to buyer agents as part of the marketing strategy to sell a property. Offering buyer's agent compensation is one of the most effective uses of marketing funds because it ensures targeted and efficient use of funds, as payment occurs only when the property is sold. Unlike other advertising methods that require upfront investment without guaranteed results, buyer's agent compensation is performance-based-payment occurring only when the property is sold. This approach increases market exposure and aligns the seller's investment with the desired outcome of a successful sale. This commission customarily would cover the cost of the buyer's agent fee,...
8
July Featured Properties
The July featured properties are a wide variety of homes to fit any home buyer's needs. Be sure to share your favorite properties with your real estate agent. Happy house hunting!
Quad Cities
7046 St Ann Drive, Bettendorf, IA 52722 – $639,900
Custom built in 2021! Beautiful and open floor plan with over 3,000 square feet of living space! You will love entertaining in the gourmet kitchen with large island and fabulous walk in pantry. 3 bedrooms and option for a 4th in the basement! This home is move in ready!
Listed by: Connie Coster & Miranda Mendoza
1
Navigating The Market for Prospective Homebuyers
If you've been considering purchasing a home, your main concerns are probably mortgage rates and home prices. This might even be the reason you've suddenly delayed your plans. Some buyers discovered that the numbers simply didn't make sense for their budget when rates increased last year. However, there might be some good news for you!
Economic Data Manager at Realtor.com, Sabrina Speianu, says "The spring housing market could shape up to provide home shoppers with a more plentiful supply of less expensive homes than last year," and although inventory is still not as plentiful as in the pre-pandemic days, "home shoppers will have more choice, and in particular more choice of lower-priced homes."
The number of homes actively for sale in February was up 14.8% from February of 2023, and more inventory means more choices for buyers!
Home Prices Will Remain Steady
25
Generation Z is Making Moves in the Housing Market
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they're turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors, 30% of Gen Z buyers transitioned straight from living under their parents' roofs to owning their own homes. If you're a member of this generation, and you're interested in pursuing your own dream of homeownership, here's some information you may find helpful on why and where your peers are buying.
The Reasons Gen Z Want To Become Homeowners
A recent survey by Rocket Mortgage identifies some of the top motivators driving Gen Z buyers to purchase a home:
"Of those surveyed, 34% said that sta...
19
The True Value of Homeownership
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. Of course, there are financial reasons to buy a house, but it's important to consider the non-financial benefits that make a home more than just where you live. Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.
You May Feel Happier and More Fulfilled
Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains: "Studies have shown the emotional and psychological benefits that homeownership has on a per...
