Top Commercial Real Estate Markets Florida has five of the hottest commercial real estate metro markets in the first quarter: Orlando, Miami, Palm Beach Fort Lauderdale, and Fort Myers, according to new research from the National Association of REALTORS®. NAR’s Commercial Real Estate Market Conditions Index is calculated by factoring in 25 variables that reflect a …
Category: Real Estate Tips
May 19
Rental Costs Squeeze College Grads
Rental Costs Squeeze College Grads College grads are getting ready to start their careers, but they’re finding soaring rental costs could quickly zap away most of their newly earned paychecks. In 2020, the average starting salary for college graduates was about $55,000, up more than 14% about a decade ago, according to the National Association …
May 18
Most Popular Spaces to Remodel
Most Popular Spaces to Remodel Since the pandemic began, homeowners have been eager to spruce up their spaces. Even recently, homeowners are spending more on home improvement projects than they have—due partially to higher building material costs, but also to a desire to widen the scope of their projects. Kitchens and bathrooms continue to be …
May 18
Building Materials Press Even Higher
Building Materials Press Even Higher New-home buyers are facing higher prices, and a big reason is escalating building costs. Building material prices are up 19% over a year ago, according to a report from the Bureau of Labor Statistics. Material costs have jumped by about 36% just since the pandemic began. Many builders are passing …
May 17
Cities With the Most Older, Newer Homes
Cities With the Most Older, Newer Homes What’s better: a brand-new home or an older home? While buyers may have preferences, costs can be a factor. Some real estate experts say selling costs are up to 30% lower for older homes compared to newer ones. But others argue that older homes can require repairs that …
May 17
Buyers Resilient Against Rising Rates
Buyers Resilient Against Rising Rates Mortgage rates continue to push higher, but home buyers aren’t spooked. Mortgage applications for home purchases moved 5% higher last week compared to the previous week, and buyer competition remains elevated in many markets. Even as costs rise, buyers remain focused on their homeownership aspirations. The 30-year fixed-rate mortgage rose …
May 17
Check out these credit tips
Check out these credit tips! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
May 13
Renters Facing Bidding Wars
Renters Facing Bidding Wars Bidding wars have grown common in home sales, but now they’re part of the process of renting an apartment as well. As demand outstrips supply, renters are trying to outbid others to get the property they want. “Properties are definitely in short supply, and demand is high,” Bruce Ailion, a real …
May 13
Americans Fear Inflation’s Impact
Americans Fear Inflation’s Impact Inflation is running at a 40-year high as the costs of everyday goods rise. Americans are increasingly concerned about how inflation will affect their personal finances and their long-term financial goals, including homeownership. More than half of about 1,000 U.S. adults surveyed in March said that higher costs may have a …
May 12
Tips for Home Buyers Purchasing With Friends, Family
Tips for Home Buyers Purchasing With Friends, Family A growing number of consumers are exploring unconventional pathways to homeownership, including buying a home with a friend, family member, or partner, according to the National Association of REALTORS®’ 2021 Home Buyers and Sellers Generational Trends Report. With rising costs, home buyers may find pooling their money …
May 12
Average Closing Costs By State
Average Closing Costs By State As home prices and mortgage rates are increasing, so are closing costs. The average payment for mortgage closing costs for a single-family property was $6,905 in 2021 (including transfer taxes), a 13.4% annual increase, according to CoreLogic’s ClosingCorp, a real estate closing cost data and technology resource. The average price …
May 11
Renters Squeezing Into Tighter Spaces
Renters Squeezing Into Tighter Spaces Apartment sizes have decreased over the past decade, as has the amount of living space per renter, according to a new study from RentCafe. During the pandemic, when more people were spending more time at home, the feature renters may have noticed most is their cramped corridors. Multifamily experts say …
