US Real Estate Under $250K Is Slow – Over $750K Is Surging

In July, the US housing market was still in a slump, except for homes listed at $750,000 and more, which had sales increases at double-digit rates compared to last year. Overall, existing-home sales decreased 1.7% from June to a seasonally adjusted annual rate of 4.06 million. Much of the decline is

Owner’s death may complicate but not stop home sale

A property owner’s death does not necessarily end a pending sale, but determining who has authority to proceed can be complicated. Agents should not try to sort out heirs or signing authority themselves and should encourage the appropriate parties to get a probate attorney involved immediately.

Florida luxury home sales post strong July gains

Million-dollar home sales climbed sharply across Florida in July, with condo and townhouse sales up more than 31% and single-family sales up more than 27%.

Mortgage preapproval isn’t the same as affordability

Buyers should weigh debt, savings, taxes, insurance and other costs when deciding how much home they can comfortably afford.