Bidding Wars To Heat Up This Spring Likely to be a hallmark of this year’s spring home selling season: Bidding wars. As home listings are scarcer and buyer demand remains high, home shoppers are finding a lot more competition this spring, particularly in hot markets. “Home buyers are going to find this spring that, in […]
Forget The Snow, Spring Has Sprung In The Housing Market! Entering real estate’s traditionally busiest time of year, the housing market is being buoyed by a stronger economy and consumer confidence. Job creation is 30 percent stronger this year compared to a year ago, unemployment is near a 9-year low, and wages and incomes are […]
New Reality? Buyers Face Fewer Choices. Many markets are seeing so few new listings that they may not be able to meet the strong buyer demand heading into real estate’s traditionally busiest season. Listings are down more than 7 percent compared to a year ago across the country, according to the latest data by the […]
Home Prices Are Soaring To New Highs! Home price appreciation picked up speed, prompting the majority of metro areas to soar to new record highs with home prices, the National Association of REALTORS®’ latest quarterly report reveals. Of the 150 markets NAR has tracked since 2005, 52 percent – or 78 – now have a […]
Here Come 59 Million Buyers! One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering […]
The U.S. housing market is moving deeper into “buy territory,” which indicates that the majority of housing markets remain a sound investment, according to a newly released national index by Florida Atlantic University and Florida International University. “Housing prices, in general, continue to slow and when considered in light of the recent trends in the […]
For home owners looking to spruce up their home before listing it, there’s plenty they can do to attract more buyers and potentially boost the value of their Lapeer home too. Veteran real estate professionals recently weighed in on some of the best home improvement projects they believe can help a home show better. Here […]
“smart-home technology can definitely add to market value” Home buyers are willing to pay extra in order to have a smart home, according to several new studies. Network-connected thermostats, security devices, appliances, and lighting already installed in a home may help home owners sell their properties faster and for more money, reports The Washington Post […]
“positive reports show there is a need for new single-family homes…” New-home sales jumped to the highest level in nearly a decade, with sales of new single-family homes climbing 12.4 percent month-over-month and reaching a seasonally adjusted annual rate of 654,000, the Commerce Department reported Tuesday. That marks the highest level since October 2007. Low […]
“communities as we build them often don’t have the options that people need to age well…” Many older adults say they want to stay put in their homes as they age. But how many older adults will actually be able to do so is another question. Indeed, “a recent AARP study … showed that 71 […]