“13 percent more consumers looking to purchase a home but there are 5 percent fewer homes for sale…“ Homes are selling at the fastest rate since 2007, but sales could be even higher if not for the ongoing lack of inventory in many markets, notes Jonathan Smoke, realtor.com®’s chief economist, in his latest column. Forty percent […]
“Continuing this spring’s trend, pent-up demand from buyers who weren’t able to purchase a home”… Homes for sale in June are selling 2 percent more quickly than last year as prices soar to record highs, according to new data on inventory and user activity on realtor.com®. The median age of inventory nationwide for June is […]
“main considerations when designing a multi-functional space are wall placement and storage” … Nothing can kill a sale faster than a dated, closed-in kitchen area. Many of today’s buyers see the kitchen as the home’s command center, and not just a place for cooking and eating. They want the kitchen to be many things at […]
“It’s been a nightmare,” Tamara Holloway told News 2 in Nashville. “The seller has essentially pirated my house”… A woman in Nashville ran into an unusual problem after buying her first home: The seller is now refusing to leave. “It’s been a nightmare,” Tamara Holloway told News 2 in Nashville. “The seller has essentially pirated […]
As temperatures warm up, utility bills can increase … HomeSelfe, a company that offers energy efficiency reports of homes, offers some of the following tips to help home owners save on utility bills this summer: 1. Apply a window film. If you don’t want to install drapes or blinds to cover your windows, consider a […]
Owners are continuing to overestimate the value of their homes. The latest Quicken Loans’ Home Price Perception Index shows that home owners overestimated the price of their home, on average, by 1.95 percent compared to appraisers valuations in April. Home owners in the Midwest and East coast are overestimating their home’s value by the highest […]
The 30-year fixed-rate mortgage averaged 3.57 percent in the most recent week, the lowest average in three years, Freddie Mac reports in its weekly mortgage market survey. “Disappointing April employment data once again kept a lid on Treasury yields, which have struggled to stay above 1.8 percent since late March,” says Sean Becketti, Freddie Mac’s […]
Home owners crave outdoor spaces for gathering and entertaining, which is why it’s important to highlight your outdoor spaces. 1. Natural wood and stone: Natural wood and stone features are popular today, even those made of faux materials like vinyl. “This design trend can make an outdated home look modern on the exterior, causing more […]
Homes for Sale & Sold Report for May 2016 June, 2016 Hello, we hope you had a great May! Residential Home Sales and Average Sale Prices Reach 10 Year Record High! May average sales price increases for the 5th consecutive year. Average residential and condo sales are up 10.9% * Average residential and condo […]
Sellers happy but home buyers are frustrated … The number of home buyers who say now is a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now is a good time to sell soared to an all-time survey high. The […]