You got the pre-approval, found a home, and had your offer accepted. Congratulations! All you need to do now is sit back and wait for closing, right? Well, not exactly.
As the pandemic receded, mortgage rates shot up to the mid-6% to 7%-plus range, where they continue to linger. Today's buyers also face inventory shortages, with active listings down 35.9% this Apr ...
Take your advice from real estate industry titan Barbara Corcoran, who says new buyers typically make this one mistake in their search that could spell regret.
Nationwide, 151,000 apartments-to-be are in the process of being converted from commercial buildings, with Manhattan alone leading the charge, per RentCafe.