Real Estate Matters
Members of the Silver City Regional Association of REALTORS, Inc. will write periodic columns under this heading to inform the public about real estate matters.
The opinions do not necessarily reflect the opinions of the Grant County Beat.
Insights into March's Residential Real Estate Market Trends and Statistics
- Category: Real Estate Matters Real Estate Matters
- Published: 20 March 2024 20 March 2024
The housing market is exhibiting some signs of growth as we enter the spring home-buying season, but ongoing high mortgage rates may hinder housing activity.
At the national level, housing affordability increased in January compared to the previous month, according to the Housing Affordability Index from the National Association of REALTORS®. In January, the average monthly mortgage payment dropped by 2.4%, or $49, from the previous month, despite a slight 0.3% dip in the median price of single-family homes.
How to Spot Real Estate Fraud and Protect Yourself in the Market
- Category: Real Estate Matters Real Estate Matters
- Published: 12 March 2024 12 March 2024
In the world of real estate, where ambitions of homeownership and investment intersect, there is a lurking threat that may derail these dreams in an instant: fraud.
Everyone is susceptible to the disastrous consequences of real estate fraud, including novice buyers and sellers, seasoned investors, and real estate professionals. We will examine the various aspects of fraud, typical schemes, and precautions to take in this article.