Not So Fast: January Existing-Home Sales Give Back December’s Gains

Existing-home sales pulled back sharply in January, quickly dashing any hopes that December’s year-end rebound brought, as harsh winter weather and still-tight supply conditions weighed on activity. Sales fell 8.4% to a seasonally adjusted annual rate of 3.91 million, the lowest levels since Novembe

How Long Does It Take to Close on a House? 

Most homebuyers close within 30 to 60 days after their offer is accepted. Your offer has been accepted. Congrats! Whether you’re buying a home in Seattle, WA, or Atlanta, GA, you’re officially on the path to homeownership. But before you get the keys, there is a multi-step marathon ahead. From inspe

How to Buy Your Parents’ House: Steps, Tax Rules, and Gifts of Equity

Key takeaways: Buying from your parents is legal but comes with extra lender requirements. A gift of equity can lower upfront costs, but you may still need cash to close. Short-term savings can come with long-term tax and estate tradeoffs. Buying a house from your parents, whether it’s a family home

How to Protect Your Client During Underwriting

Key takeaways Underwriting is a detailed review of the buyer’s finances and the property. Income verification, documentation consistency, and property or title issues are the most common causes of underwriting delays. Preparation, clear communication, and quick responses are the best ways to protect