Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. The latest Quicken Loans Home Price Perception Index shows that appraised home values in October were an average of 0.99 percent lower than homeowners’ expectations.That’s much better than it has been in the last two years, as rapid run-ups in home prices across the country have caused homeowner and appraiser perceptions to become misaligned. Over the
Home buyers say they want the latest design trends in their next property—but 70 percent admit to having outdated features in their current house, according to a new consumer survey by home builder Taylor Morrison. The most common of these outdated features are: Linoleum floors (40 percent) Popcorn ceilings (29 percent) Wood paneling (28 percent) Ceramic tile countertops (28 percent) Shag carpeting (19 percent) Avocado green appliances (8 perce
Ski towns aren’t just for billionaires and celebrities who can afford posh vacation homes. Realtor.com® researchers say there are plenty of options for everyday ski enthusiasts looking for budget-friendly homes.“People seeking the ski town lifestyle—but who don't want to spend a million dollars for a house—can choose a town that doesn’t come with the fancy name or famous ski resort,” says Christopher Steiner, founder of ZRankings,
19 Ways to Get More Real Estate Agent Reviews from Premier Agent | Zillow & TruliaHere are 19 tips from real estate agents who have dozens — if not hundreds — of reviews:Be upfront with your clients Ask for reviews. Very few people will just write a real estate agent review on their own. You have to ask them to do it. If you’re just starting out, aim to get at least five reviews.“A big change we made — one that changes the bal
Florida is bracing for a potential housing boom as tens of thousands of Puerto Ricans flee to the state, leaving behind the island nation that is still reeling from Hurricane Maria’s devastation. But there are few answers for how to accommodate these refugees’ needs and what impact the population influx will have on Florida’s housing, school districts, and government agencies, real estate experts say.Puerto Rico—home to about 3.4 million
A new niche in multigenerational living is emerging for siblings who want to stay close to one another. Architects and home builders told The Wall Street Journal they’re fielding more requests from siblings who want to live in separate homes on the same property. Sometimes, the homes are built on property inherited by parents, or siblings may pool their money to buy together. By maintaining detached residences, there can be less tension and
Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position: The “no inspection” trend: 58 percent The “offer sight unseen” trend: 57 percent The “co-buying with strangers”
Invitation Homes, Inc., announced Thursday that it completed its merger with Starwood Waypoint Homes. The combined company, which will operate under the Invitation Homes name, is now the largest single-family rental company in the U.S., managing a portfolio of about 82,000 homes nationwide.Still, the company’s portfolio represents less than 0.1 percent of the more than 90 million single-family homes in the U.S. and 0.5 percent of the nearly 16
The 30-year fixed-rate mortgage reached its highest average since July this week.“The 10-year Treasury yield ticked up 6 basis points, while the 30-year mortgage rate jumped 5 basis points to 3.95 percent,” says Sean Becketti, Freddie Mac’s chief economist. “Today’s survey rate is the highest rate in nearly four months.”Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 16: 30-year fixed-r
In some ways, selling a parcel of land and selling a house are two different animals. Vacant land involves marketing its potential to an audience of developers and investors, and the main selling points lie in the location, size, and price, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla. “The principles might be similar in some ways, but there are still notable differences that make the endeavor challenging,”
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