home for sale

4 Things People Say About Selling a Home Today That Just Aren’t True

Knowing how to set your expectations can save you untold time and heartache in life. It’s especially true when selling your home in our current wild and competitive market.

Sensational stories of cash offers and fixer uppers selling for well over asking price can be found everywhere. Dollar signs in your eyes can get in the way of a good experience.

“The biggest issue I’m having when I talk to sellers is, they’re seeing stuff in the papers or hearing from their neighbors, ‘Oh, this house just got this absolutely crazy price, or this guy flipped a property for a huge profit,'” says Liz Hogan, vice president of luxury sales at Compass in South Florida. “Those stories are circulating because they’re the anomalies. Nonetheless, a lot of that chatter has made sellers think that even their home – which may just be a regular home and not a super spectacular listing – is going to get some crazy price. That’s not necessarily going to happen.”

We took on 4 of the most popular home selling myths today.

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Inflation Moderates, Though Wage Pressures Continue Amid Tight Labor Market

Inflation related to supply chain difficulties and consumer demand eased significantly in July.

Supply constraints continue to ease, and spending appears to be shifting from goods to services, allowing businesses to replenish without high demand. While inflation pressure is receding in those areas, the tight labor market posted more openings than unemployed, spurred by upward wage pressure from employers competing for workers. A higher wage market may support increased consumption but may also drive higher prices to consumers.

The Delta variant continues to pose the risk of setting back supply chains once again and sending consumers back to purchasing goods at home instead of services.

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Where is America Diversifying the Fastest? Small Midwestern Towns

The nation’s ever growing ethnic and racial diversity has been gaining in the Midwest.

While this is commonplace and has been growing for decades in coastal and border locations, the Midwest and northern Great Plains are catching up.

This comes into focus in some of the early detailed data released from the 2020 Census. It shows the non-Hispanic white population declined for the first time in our history. The latest numbers show that 4 out of 10 people now identify as a minority.

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