While the share of first-time homebuyers declined throughout much of 2022 due to mortgage rate hikes, it recently rebounded.
Electing to accept an appraisal waiver may make the difference between closing on a loan and getting stuck in a repeat bidding cycle.
In addition to younger Millennials, Gen Z members are also likely to fuel the demand for housing over the next couple of years, especially if affordability improves.
While options like iBuying should not be overlooked, it can also be helpful to consult a real estate agent because they can offer advice that stems from learned experience.
Despite the ubiquitous nature of the internet, the human element of real estate transactions remains a critical part of the journey.
Demand for second homes surged after the onset of the COVID-19 pandemic nearly doubling the pre-pandemic demand level in late 2020.