Coit Group Fine Homes

It's no secret that life's been pretty good to sellers for the past several years. Even if you had no need—or desire—to move, the housing landscape might have seriously tempted you to put your house on the market anyway. After all, it's hard not to see visions of dollar signs when your neighbors are unloading their homes for tens of thousands over asking price. But as they say, all good things must come to an end. And you've probably heard that the white-hot housing market of years past is finally beginning to cool. So if you haven't listed your home before now, did you miss the boat? Absolutely not. But with each passing month, the experts say, you can expect the housing climate to shift a bit more in buyers' favor "It’s definitely still a seller’s market in most of the country. But it’s not the same seller’s market that you saw in the last couple of years," says  Danielle Hale , chief economist of  realtor.com® . "You might have to ...

Housing starts move 3.3% higher in Nov.  Construction of new homes increased 3.3 percent in November with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 1.3 million units. The increase marks a key moment in the recovery from the Great Recession: Builders started work on single-family houses at the fastest pace since September 2007, which was just a few months before the start of that economic downturn. Driving the rebound in home construction has been a shortage of existing properties being listed for sale. Fewer people are putting their property on the market, despite healthy demand from buyers because the unemployment rate is at a 17 year-low and mortgage rates remain at attractive levels. New construction has filled some of this gap with starts on single-family houses rising 8.7 perc...

Study: FSBOs net ‘significantly’ lower profits    Aug. 21, 2017 – For-sale-by-owners (FSBOs) tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a  new study by Collateral Analytics . The study examined the price differences between homes sold through traditional agents versus those sold by FSBOs from 2016 to the first half of 2017. Some homeowners attempting to avoid commission costs attempt to sell their home on their own – but that can backfire and turn into a much lower sales price, the study found. Even successful FSBO sellers achieve prices "significantly below" those from similar properties sold more traditionally via Realtors ® , the study found. A FSBO sale, on average, nets nearly a 6 percent lower price than an MLS sale for a similar property, the study found. Overall, the authors found that th...

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