Depending on where you live, those at your closing appointment might include you (the buyer), the seller, the escrow/closing agent, the attorney (who might also be the closing agent), a title company representative, the mortgage lender, and the real estate agents. Do you get keys at closing? The short answer.Read More →
Price can’t rise above a certain level. This can reduce prices below the market equilibrium price. The advantage is that it may lead to lower prices for consumers. The disadvantage is that it will lead to lower supply. Do price floors have positive effects? Producers are better off as aRead More →
One way to determine if it’s a buyer’s market or a seller’s market is to look at inventory, or the number of homes for sale. If inventory is low, it is most likely a seller’s market. Look at the current housing market to determine if it is a buyer’s marketRead More →