What Happens to Real Estate Prices if Mortgage Rates Turn Higher?
It’s surely possible to have both higher home prices and higher mortgage rates if demand is sufficient - and that's being proven right now as mortgage rates tick up slightly while the Fed hints at raising...
What exactly is an appraisal gap threshold contingency?
Question: Some friends have submitted an offer to buy a home, an offer that includes an “appraisal gap guarantee" or "appraisal threshold." What is this, and how does it help the buyer?
4 Simple Graphs Showing Why This Is Not a Housing Bubble
A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits....
What’s Going To Happen with Home Prices This Year?
After almost two years of double-digit increases in home values across the Richmond Metro area, most of us professionals (full disclosure: including me!) thought home price appreciation would decelerate or...
Balancing your needs in a bidding war
In 2021, almost 75% of the offers written by Nest Realty agents were for properties with multiple offers, up from 45% a year earlier. And that trend doesn't show any sign of abating in 2022.
What makes you a “first-time buyer”?
It sure sounds as though someone who has owned a house before cannot possibly be a “first-time” home buyer, but that’s not the case. HUD, for example, has broader definitions of the term.
Sellers: You’ll Likely Get Multiple Strong Offers This Season
Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are...
Home Sales About To Surge? We May See a Winter Like Never Before.
Some experts thought we’d return to the industry’s normal seasonality this Winter with both the number of purchasers and houses available for sale falling off. However, data now shows that neither of those...
