Jim Cronin and his wife, Monte, hadn’t planned on moving from the little yellow house in Paradise, Calif., where they had lived since getting married more than 13 years ago. They once considered trading up to a bigger property but decided it was the best place to raise their 6-year-old son. Then, their plans for the future vanished on Nov. 8, when the biggest wildfire in California history incinerated most of the town and left thousands of peop
Is a chill in the air now being felt in the luxury housing market too? Luxury home prices saw their smallest increases in nearly two years. And those in the luxury market are now blaming a culprit familiar to other sectors of the market for slowing sales and prices: higher mortgage rates.This week, luxury homebuilder Toll Brothers reported a 13 percent drop from last year in the number of signed contracts for homes in the fiscal fourth quarter, a
The best places to retire are in the suburbs near a large metro area, according to a new analysis by GOBankingRates, a personal finance website. The cost of living may be higher near a big city, but a long list of nearby amenities makes these areas more livable when riding out your golden years, according to the analysis.GOBankingRates analyzed the 18 largest cities in the nation to identify the neighborhoods that had a low median listing price,
Have you ever been out to lunch with a business associate who continually checks their phone in the middle of your discussion? Or are you guilty of doing this yourself? It’s not exactly the most professional interaction. Screens today seem to be both a blessing and a curse. On one hand, your online and social media interactions with clients help you stay connected and even gain new leads. On the other, your device becomes your ball and chain,
Buyers will likely see a significant jump in their monthly payments next year. Mortgage payments are forecasted to rise 8.4 percent in 2019 due to the increase in mortgage rates, according to S&P Global Ratings’ latest housing market update.Over the last year, the mortgage payment growth rate has exceeded the numbers seen for home price appreciation. That trend is expected to continue into next year.Housing affordability remains a chief co
Single-family rental giants, such as Invitation Homes and American Homes 4 Rent, are in search of more homes to buy, and they’re increasingly turning to iBuyers to find inventory. iBuyers, like Opendoor, Offerpad, and Knock, are tech companies that buy homes from sellers with instant cash offers and then put the homes back on the market.Single-family rental companies purchasing homes from iBuyers increased from 3.9 percent of total iBuyer sal
About RodHelping clients in the greater Tampa/Clearwater/St. Petersburg, Fl. area!Purchasing or investing in real estate can be very rewarding and there isn't a better time to invest in real estate than now. Purchasing real estate involves making very important decisions and for this reason we have highly trained staff that can help you make all of these important decisions. We will lead you in the right direction and help you every step of the w
A tale of two housing markets is unfolding nationwide, with homes in large cities seeing deep price cuts while those in smaller markets experience growth, according to realtor.com®’s November housing report. “The housing market is a ‘Tale of Two Cities’ as the divergence widens between high-cost, large urban areas and smaller, more affordable markets,” says realtor.com® Chief Economist Danielle Hale. “Buyers in large metros are seei
Failing to factor in closing costs. “The biggest mistake that first-time home buyers make is they forget that they need closing costs—not just the down payment of, say, 10 or 20 percent,” Corcoran told CNBC. Closing costs can add up—typically an extra 2 percent to 5 percent of the total cost of the home. On a median-priced home, that could be more than $13,000.Focusing on the house at the expense of the neighborhood. Too often, first-ti
With prospective buyers traditionally taking more time off work during the holidays, it may be wise to hold an open house during this time to bring more traffic to your listing. Some buyers may even be looking to purchase a home before ringing in the new year. But in this colder season, use these tips from RISMedia to host an open house during the holidays.Shovel the sidewalk. Keep a shovel and a bag of salt in your car in case you need to clear
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