December home prices continued to rise per December readings for Case-Shiller's National and 20-City Home Price Indices. On average, national home prices increased by 5,80 percent year-over-year and exceeded November's year-over-year reading of 5.60 percent. The 20 City Index, which analysts follow more closely than the National Home Price Index, posted a year-over-year gain of 5.60 percent in December, which exceeded an expected reading of 5.40 percent and November's year-over-year reading of 5.20 percent growth. West Posts Highest Home Price Growth The West continued to dominate home price … [Read More...]
With all of the busyness of the winter months and most people settling in for the season, it can be hard to achieve a successful home sale at the end of the year. Fortunately, if you simply can't wait to put your home on the market, here are some staging tips that will engage potential buyers so you won't have to wait much longer for an offer. Add Accents To Your Neutrals It's often the case that a home with neutral colors will show better because potential buyers can envision themselves in it, but there are ways to dress up neutral tones that will add spark. Instead of leaving your place too … [Read More...]
There are many traditional ways to sell your home, from the MLS listings to a sign in the front yard. However, the ease of the Internet and the utility of social media can make it easier than ever to find the right buyer. If you're getting prepared to put your home on the market and are trying to determine a strategy, here are some ways you can use social media to improve your selling odds. Tweet Out The Details Twitter accounts may more frequently be linked with a person, but because of the short burst of information involved in a tweet, it's actually a great way to market your home. Whether … [Read More...]
Last week's readings on new and existing home sales provided further evidence of strengthening housing markets. Both categories of home sales exceeded December's readings. Consumer sentiment was lower in February than for January and average rates were mixed with fixed rates higher and the rate for 5/1 adjustable rate mortgages lower. Consumer sentiment lower in February. New and Previously-owned Home Sales Higher in January Home sales volume rose in January regardless of obstacles including higher mortgage rates and rising home prices. The National Association of Realtors® reported more … [Read More...]
Are you on the hunt for a more efficient living space? Whether you're a first-time buyer or downsizing from a larger home, buying small can still mean living big. Let's explore four positives to living in a smaller, more intimate house or condo. You're Going To Save Money The first, most obvious and most exciting reason is that you're going to save money. The home itself will cost less than a larger one, especially if there is less land or property included. Even better: the money you save on space can be re-invested in quality. Losing a bedroom or two but having brand-new appliances? It might … [Read More...]
It's great news if you have enough financial capital that you have the option of investing in a rental property, but being able to afford it is only half the battle. Since you'll need to find and keep the right renters in order to make a profit, here are some ways that you can ensure your property will be a financial benefit. Price It Right It's important to turn a profit, but overpricing your property may mean that you'll have limited options. Instead of making it a guessing game, take a look at the rent in the neighborhood and read through the listings to determine a potential price. This … [Read More...]
