Posted in home repair

Avante Home Buyers is the Leading Home Buyer in Norfolk, VA – Press Release

Norfolk, VA – Selling a home is never going to be a straightforward process. There are repairs to be done, dealing with realtors, banks, listings, and a lot of other factors that could mean that the property is taking longer than it should before getting a buyer. Avante Home Buyers is well aware of such challenges and has now made it possible for homeowners to sell their homes without having to worry about the bureaucracies associated with the process. Clients can expect a quote in minutes when they reach out to Avante Home Buyers. The company buys houses regardless of the condition.

Avante Home Buyers is a local real estate investment firm and house buying company that offers cash for houses in Norfolk and other parts of Virginia. If you are looking to sell your house fast and want to get cash for it, we are a local company

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Home Prices Jumped 5.9% in August, Which Explains Why Buyers Are Struggling

There’s a reason it’s been difficult to buy a home in recent months.

Mortgage rates have been remarkably low since the summer, and for that reason alone, many prospective buyers have clamored to purchase homes. They’re being tripped up, however, by soaring prices.

Home prices increased 5.9% nationally in August 2020, according to the CoreLogic Home Price Index, compared to a year prior. We have limited inventory to thank for that. The supply of available homes in August decreased by 17% from the previous year, leading to an uptick in demand and creating a housing market loaded with bidding wars as eager buyers compete to win contracts on the limited inventory.

The result? Many buyers are struggling to find homes, so they may not get to take advantage of the phenomenally low mortgage rates.

Is it worth it to buy a home today?

Locking in a mortgage at a low

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Saudi Tax Relief Unleashed for Home Buyers to Keep Boom Rolling

(Bloomberg) —

Saudi Arabia added new incentives to keep its mortgage boom going by scrapping a 15% value-added tax on property sales and offering other relief for home buyers amid a push by the Arab world’s largest economy to expand residential ownership.

Property transactions will instead be subject to a new 5% real estate sales tax, according to state-run news agency SPA. The government will also shoulder the cost of taxes for first-time home buyers of properties worth up to 1 million riyals ($267,000), according to a royal order published on Friday.

The threshold for the tax exemption was increased from 850,000 riyals previously for citizens buying their first homes.



chart, bar chart: Mortgage Boost


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Mortgage Boost

Saudi Arabia’s mortgage market has emerged as a bright spot at a time the economy is reeling from the global pandemic and lower oil prices, with citizen unemployment hitting its highest level on record in the

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Home price growth accelerated in July as buyers competed for listings, Case-Shiller index shows

The numbers: Home-price appreciation maintained a fast pace in July as buyers flooded the market only to find few homes for sale, according to a major price barometer released Tuesday.

The S&P CoreLogic Case-Shiller 20-city price index posted a 3.9% year-over-year gain in July, up from 3.5% the previous month. On a monthly basis, the index increased 0.6% between June and July.

What happened: The separate national index released with the report noted a 4.8% increase in home prices across the U.S. over the past year.

Phoenix once again lead all other markets nationwide with a 9.2% annual price gain in July, followed by Seattle with a 7% increase and Charlotte, N.C., with 6% growth.

“Prices were particularly strong in the Southeast and West regions, and comparatively weak in the Midwest and Northeast,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, wrote

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New home sales surge to highest level since before the Great Recession, as buyers are pushed into the construction market

The numbers: Sales of new single-family homes in August exceeded an annual rate of 1 million for the first time since 2006, as buyers were forced into the market for newly-constructed properties thanks to the dearth of home listings.

New home sales occurred at a seasonally-adjusted, annual rate of 1.011 million, the Census Bureau reported Thursday. That represents a 4.8% increase from an upwardly-revised pace of 965,000 homes in July. Compared with last year, new home sales are up 43%.

Economists polled by MarketWatch had expected home sales to drop to median pace of 900,000.

What happened: Not all parts of the country saw an uptick in sales despite the historically high rate nationally. New home sales fell 21.4% in the Midwest and 1.7%. Comparatively, the South saw the biggest increase in sales with a 13.4%, which sales volumes rose by 5% in the Northeast.

The median sales price in

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Latest Report from HouseCanary Indicates Home Sellers Are Far More Spooked by Uncertainty Than Prospective Buyers

Housing Supply Remains Tight as Weekly New Listing Volume Declines 12.2% Week-Over-Week and Net New Listings are Down 12.4% Year-Over-Year

Home Sales Activity is Outpacing 2019 Levels by 1.4% as First-Time Buyers and Urban Renters Look to Purchase Suburban Homes

Transaction Prices Remain Elevated Across Nearly 40 States Due to Weak Supply and Steady Demand, with 23 States Increasing Week-Over-Week

HouseCanary, Inc. (“HouseCanary”), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between the week ending September 11, 2020 and the week ending March 13, 2020 versus the same period in 2019. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200917005272/en/

HouseCanary Market Pulse Report (Photo: Business Wire)

Jeremy Sicklick, Co-founder and Chief Executive Officer of

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Millennial home buyers head to the burbs, face urban-core-like bidding wars

All it took was a global pandemic for millennial home buyers in Boston to start doing the previously unthinkable: ditching the city for suburbia.



a truck is parked in front of a house: moving-truck-boxes-house-adobe-stock


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But city dwellers are bringing some elements of downtown living with them as they begrudgingly move to the burbs.

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The prepandemic housing market in Boston’s urban core was notoriously tight. Bidding wars sent condo prices even farther into the stratosphere, with accepted offers sometimes surpassing $50,000 over asking. But that phenomenon is no longer just a Boston one, as home buyers flee the city for more outdoor space and square footage in a housing market that is still supply constrained like the urban core.

“It was outrageous: people bidding against themselves, and, in all those instances, you had to waive your inspection and mortgage contingencies, appraisal — all of it,” Alice Rouse, 32, a photographer who recently purchased a home

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Home buyers gain no ground despite record low rates | Business

North Texas home prices were still on a tear last month as the median price of a Dallas-Fort Worth home rose 8.6%. The average price of a North Texas home was up 11.2% compared to August 2019. Within the City of Denton, prices were more muted as the unusual jump in luxury home sales skewing the July numbers disappeared. As a result, the median price of Denton home was up only 1.9% year-over-year. The average price of a Denton home rose 3% to $296,801.

The big monthly drop in average Denton home prices brings them closer to trend, but still elevated considering the backdrop of the economy and the employment sector. The numbers for Denton County in August show median home prices jumping 6.3%, with average prices up 7.4% compared to a year ago. Sales of Denton County homes rose 10%, while pending sales (contracts) for Denton County homes rose

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Home Sales Are Down in 2020. Here’s What That Means for Buyers

Lower inventory means higher prices for buyers, and less selection.

Mortgage rates are historically low this year — but so is housing inventory. In June 2020, there were 18.2% fewer homes available for purchase than there were in June 2019. And the number of home sales in June 2020 was 11.3% lower than it was the year before, according to new research by The Ascent into average house prices by state. This is actually very bad news for buyers for a number of reasons.

Why declining home sales spell trouble for buyers

You’d think that a drop in home sales might work to the advantage of home buyers. After all, low sales volume would seem to indicate, at least at first glance, that buyers aren’t biting. In this case, sellers might be desperate enough to lower their asking prices.

But when we dig deeper, that’s not what’s happening here at

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