Low inventory is the hidden force influencing every other housing market stat. It’s the reason that prices are up and why new listings are selling at an unprecedented dip. “We just don’t have enough homes,” says economist Svenja Gudell. – Fortes TOP STORY: Pros & Cons of Building Your Own Home People tend to be … Read more
“Perceptions of easing inventory helped boost the saying that now is a good time to buy, which is consistent with less bullish home price appreciation. Doug Duncan, Chief Economist, Fannie Mae TOP STORY: Neighborhood Amenities Help Home Sales Home sellers like to make their properties look their best. They add fresh paint, repair cracked or … Read more
Due to the growth of communications technology, notably the Internet and the Cloud, people are increasingly able to work at home at least part of the time. As a result, home looks increasingly like the office, with at least one room set aside for laptop, a Wi-Fi router, a smart phone and the like.
The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26% on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27% – ATTOM Data Solutions TOP STORY: No Bubble to Pop? People who like bubbles can find them … Read more
Why are Realtors important? They are experts in marketing, locating properties, negotiating the best price for the property, and closing the deal on time.
Here’s more good news for buyers. Property taxes are also deductible from your federal returns. Considering that people customarily pay thousands of dollars annually in taxes on the assessed value of their homes, this property-tax deduction is particularly welcome.
Millennials are finally starting to buy houses. The trouble is, there aren’t enough houses for sale…at least not enough they can afford. Homebuilders may want to play to this great big audience, but doing that will hurt their bottom lines…
The prospect of retirement offers people some tantalizing choices in both housing and life style. Present day retirement, in fact, may present seniors with too many options: Some may aspire to live in communities where they can play tennis or go sailing. Others may prefer to live amid the stimulation of a downtown environment or … Read more
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