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Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something!
Existing home sales fell 4.1% in October from the prior month to the lowest seasonally adjusted annual rate in 13 years.
Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.
Owners of many office properties are struggling to find buyers due to high interest rates, and declining occupancy & cash flow.
To find good real estate deals, have an investor-friendly Realtor check the multiple listing service for properties that have been on the market for over 180 days.
The average time someone stays in their home has risen to 8.5 years, the highest they’ve seen since data began in 2008.
