It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and rising home prices.
For the first time since early March, no new records were set for median-home-sale prices last month, according to a new Redfin Report. Additionally, the trends for home prices, new listings and sales are starting to look more like patterns the company typically expects this time of year, good news following the unpredictability and ferocious demand seen over the past 12 months.
It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option.
The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV). If you’re preparing to list your house, you need to go the extra mile to help prospective new owners see your living room’s full potential.
Designer Brooke Butler helped her empty-nester clients transform their family home into a forever home by opening up the space and refreshing the overall palette. The kitchen was given a facelift with custom millwork, open shelving, and a stunning porcelain backsplash.
