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On one hand, home prices are booming: According to Redfin data, the median sale price in Miami was a very high $570,000 as of December 2023. That’s an 11.8 percent increase year-over-year and ...
For sale by owner. A house for sale by its owner. For sale by owner ( FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the ...
Here’s the catch: That $15,000 won’t accrue interest, but it will need to be paid back — in full, all at once — when you either sell the home, pay off the mortgage or refinance.
“The Senate could act tomorrow and we would have tax credits for 200,000 additional affordable units,” referring to a bill that recently passed the US House.
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
National home prices rose 6.3% from a year earlier, and 1.2% from the month before. But that price inflation is moving at a slower pace. “Last month’s all-time high came with all 20 markets ...
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