Buyer Demand Continues Outpacing the Supply of Homes for Sale

by Emello & Pagani Group | Jul 31, 2017 | Uncategorized

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their...

Inventory Drops Again, Sales Slow [INFOGRAPHIC]

by Emello & Pagani Group | Jul 28, 2017 | Uncategorized

Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the...

Americans Still Believe Real Estate is Best Long-Term Investment

by Emello & Pagani Group | Jul 27, 2017 | Uncategorized

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best...

A ‘Buyer’ in Hand is Worth Two in the Bush

by Emello & Pagani Group | Jul 26, 2017 | Uncategorized

In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even...

Rising Home Prices Mean Great News for Homeowners

by Emello & Pagani Group | Jul 25, 2017 | Uncategorized

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has...