Financing options, New Realtor Struggles, & Squatters
- AGENT 1
- Mar 24, 2021
- 2 min read
One of the biggest hurdles šāāļø for first-time home buyers is financing š° their purchase. Thankfully, there are numerous loan products and down-payment š¦ assistance programs designed to help consumers š achieve their dream of homeownership. One good source for down-payment assistance programs in your area is Down Payment Resource.
The red-hot š„ housing market has achieved a number of milestones šŖØ this past year. Perhaps the most telling is this: There are more real-estate agents than homes for sale in the U.S. This phenomenon reflects both the extremely tight supply of homes š on the market and how surging prices are persuading tens of thousands more Americans šŗšø to try their hands š¤² at selling real estate.
A California š couple got more than they bargained for when they discovered šµļø a pest in their new home: the former owner, refusing to give up the keys š and leave, thanks to a coronavirus š¦ eviction loophole. Tracie and Myles Albert experienced a nightmare š»after they put down money šø on a beautiful four-bedroom home in Riverside on Jan. 31, 2020.
Closed sales š· of existing homes in February dropped āļø a larger-than-expected 6.6% compared with January āļø, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 6.22 million units, which was 9.1% higher compared āļø with February 2020.
In case you haven't heardš, it's an extreme seller's market right now. That means when houses go on the market, particularly starter homes that are favorites for flippers š and buy-and-hold investors šØāš¼, they're selling like hotcakes š„, usually for top dollar šµ.
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