The Latest News
from Exclusive Buyer's Realty

Ramsey Khoury of Houston discusses the importance of commuting distance, new construction inspections, flood insurance and elevation certificates. Although Ramsey is addressing the Houston market, his concerns apply to those considering a new home purchase in any city or market.

Rich Harty discusses how to evaluate properties and how much money most home buyers need to purchase a home. Rich also discusses who determines the selling price of a home - seller or agent, down payment and closing costs, and some HGTV myths.

Mike discusses multiple offer situations, how to make your offer stand out above the others and the importance of communication with lenders for first time home buyers.

Rich offers advice on mortgage options and how to prepare to buy a home.

Gea talks about the importance of walkability, property evaluations and challenges with relocation

Ben discusses multiple offers, new construction and making sense of all the data from on-line real estate listing services

Andi DeFelice, Associate Broker of Exclusive Buyers Realty in Savannah, Georgia discusses home buying strategies with host Victoria Ray Henderson.

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83.

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago.

Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market.

How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years.

There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year.

Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week.