by kramoltz@hotmail.com | Dec 30, 2022 | Home Buying, Real Estate Facts & Figures
Four of five consumers describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan’s consumer sentiment survey for November. The erosion in perceived buying conditions is at the highest level in 40...
by kramoltz@hotmail.com | Nov 30, 2022 | Real Estate Facts & Figures
The East and West of the U.S. are two totally different buyer – seller markets. In the West, nine cities were among the top 10 buyers’ markets in August. San Francisco-Oakland-Berkeley, California is number 1, Salt Lake City, Utah is number 2, and the...
by kramoltz@hotmail.com | Mar 22, 2022 | Home Buying
Nearly 90 Phoenix homes sold for $100,000 over the listing price in first six weeks of 2022. During the same period in 2021 there were only 11 transactions of $100,000 above the asking price. One reason for the increase is that non-primary buyers accounted for 36% of...
by kramoltz@hotmail.com | Feb 8, 2022 | Home Buying, The Attorney-Broker Advantage
The belief that “love letter” violations are a widespread problem has prompted the Oregon legislature to pass a law preventing a buyer’s agents from providing the seller’s agent with one. To ensure a seller won‘t select a buyer based on prohibited criteria under the...
by kramoltz@hotmail.com | Jan 12, 2022 | Home Buying
A buyer love letter is a letter written by the buyers to the sellers that accompanies an offer. It is an emotional appeal to the sellers in an attempt to get the sellers to accept the buyers’ offer. Typically, the buyers write about how much they love the home and how...
