Learn more about Memphis real estate.
While experts predict real estate will continue to appreciate, there are signs that the rate of appreciation may be slowing to closer-to-normal levels in the coming years.
It’s no secret that homeownership contributes to wealth-building opportunities for owners. But how do you build wealth as a homeowner? Studies show that homeowners have up to 40-50 times more net worth than renters.
As we move into the last quarter of the year, real estate professionals are aware the market is still capable of surprises. There seems to be no sight of the sprint dying down any time soon. Many believe the market is on its way back to pre-pandemic levels.
In a seller’s market, appraisals can sometimes fall behind the fast-paced market and rising home prices. An appraisal gap is a difference between the actual appraisal and the contract price. Is it possible to avoid covering the gap?
Housing inventory has been historically low. During the summer months, supply began to increase slightly. With new listings come more choices for homebuyers and more competition for sellers. Builders are doing their best to keep construction pace up to the demand for new inventory to arrive in the coming year.
The housing market has seen a fight for available homes from buyers all over the nation. The limited number of homes on the market put a persistent strain on buyers all year.
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