Since 2008, in the aftermath of the last housing crisis, homeowners have stayed put longer in their homes. But now more than a decade out from the crisis, that trend is only deepening, according to a new study released by First American Bank. “[Homeownership] tenure jumped to seven years during the aftermath of the crash between 2008 and 2016, and the most recent data from December 2018 shows that the median length of time someone lives in thei
Discounted listings are becoming more commonplace, with 38 of the largest 45 U.S. markets seeing an increase in price reductions in December, according to a new report from realtor.com®. The highest number of price reductions on homes was in Charlotte, N.C., where 24 percent of listings were discounted in December, followed by San Jose, Calif. (10 percent); Tampa, Fla. (9 percent); Phoenix (9 percent); and Seattle (8 percent). Further, 40 percen
Homeowners could be putting themselves in more danger as they increasingly tackle home repairs themselves. Using common household tools can be dangerous, especially when it comes to ladders. Accidents involving ladders landed nearly 200,000 people in the emergency room last year, according to a new analysis from Porch.com, a home repair and maintenance website. Porch.com researchers analyzed data from the National Electronic Injury Surv
How can buyers determine if a community is a good fit for them? Sure, they should walk the neighborhood and make visits at various times of the day. Realtor.com® recently interviewed housing experts to identify signs that a neighborhood could be on the brink of a decline. Here are some of those possible indicators:Several houses are on the market.Two or three homes for sale in close proximity is OK, but more than that could be an indic
Revamping a kitchen can be a costly undertaking, with the median price of a remodeling job coming in at $60,000. So, how do you make sure the changes you make won’t look dated in a few years?HouseLogic, a home improvement website by the National Association of REALTORS®, offers ideas to future-proof your kitchen, including:Stick with whiteWhite has remained the top choice of the National Kitchen and Bath Association’s annual s
Following the deadliest wildfire in the state of California, Chico, Calif., has seen an influx of new residents that made it the highest performing housing market in the country at the end of December last year. Chico is 14 miles from Paradise, the town destroyed by a deadly wildfire in November.“It’s just insanity,” Sabrina Chevallier, a real estate professional with RE/MAX of Chico, told realtor.com®. “It’s been a really challen
Home remodeling isn’t as easy as it looks on TV. And for nearly two-thirds of homeowners who’ve attempted a do-it-yourself house project, they say they regret not calling in an expert on at least one of their projects, according to a new survey from ImproveNet of about 2,000 Americans.But the motivation to save some money is a big driver for their attempts. On average, homeowners said they hoped to save at least 60 percent in costs by bypassi
Vermont has been actively working to bring in more new residents, and the state may be having some success in its mission. Vermont was the state with the highest percent of inbound moves in 2018, according to the 42nd annual United Van Lines’ National Movers Study, which tracks state-to-state migration patterns over the past year. Last year, Vermont launched a campaign to give eligible people who relocate from another state up to
You may not have the extra funds to stage a property, but that doesn’t mean there aren’t ways you can still spruce it up.“Everyone needs to stage their home to sell it efficiently,” Laura McHolm, co-founder of NorthStar Moving, told realtor.com®. “But you do not need to spend a lot of money to stage your home.”Some of the biggest staging moves can be free. Beyond decluttering and depersonalizing the property, realtor.com® recently h
Sellers whose homes aren’t in tip-top shape may need to spend extra money or put in a little elbow grease to get their properties in market-ready condition. But what are the most important repair or maintenance tasks that support a higher asking price? “Smaller and less expensive updates in combination with good staging will have a great return,” Susanna Haynie, GRI, a sales associate with Colorado Real Estate Group in Colorado Springs, tol
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