Local Market Update – October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5% as of last measure, according to the National Association of REALTORS® (NAR), with sales down nearly 24% from the same period last year. Pending home sales also declined, dropping
Read more →“How much do I need to save?”…”How much are closing costs?”…”How much does a home actually cost?” They’re all variations on the same question, which agents get all the time. In this video, PSCP Agent Stuart Shefter offers a full break-down of all the potential expenses that
Read more →Local Market Update – September 2022 The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another 75-basis-point
Read more →It’s important to know what does and doesn’t automatically convey with a home sale. Some listings have items specifically mentioned in their description…but wait…aren’t those supposed to come with the house anyway? In this video PSCP Agent Stuart Shefter explains what conveys with the sale of a
Read more →Local Market Update – August 2022 Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the
Read more →Changing the terms of a real estate contract isn’t difficult, but there are some details to keep in mind. In this video PSCP Agent Stuart Shefter shares the details you need to know. Click here for more videos from Stuart.
Read more →Local Market Update – July 2022 The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments,
Read more →Negotiating repairs is part of the home-buying process. In this video PSCP Agent Stuart Shefter provides an overview of the agreement real estate agents use to request those repairs and a few details for both buyers and sellers. Click here for more videos from Stuart.
Read more →Your home inspection is the starting point of understanding the home you’re purchasing. In this video PSCP Agent Stuart Shefter covers the basics of what to expect to find in your home inspection. Click here for more videos from Stuart.
Read more →Local Market Update – June 2022 Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market. To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by
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