The DIY industry has been booming since the pandemic as more homeowners tackle house projects while sheltering in. But some projects may be doomed to fail. Homeowners report spending an average of $184.13 to fix their failed DIY house projects, according to a new survey from Cinch Home Services, a home warranty company. Certain DIY …
Category: Real Estate Tips
May 12
Buyers Expect Prices to Rise Further
Buyers Expect Prices to Rise Further Competition in the housing market is fierce and it’s prompting home prices to rise quickly, but that doesn’t appear to be deterring some home buyers. A slim majority of 53% of Americans believe it’s still a good time to buy, according to a new Gallup survey of about 1,000 …
May 12
Extreme Weather Causing Higher Utility Bills
Extreme Weather Causing Higher Utility Bills Over the past 12 months, extreme weather—which has ranged from heat waves to forest fires to unexpected frigid temperatures—has caused not only caused damage to homes but also prompted higher electricity bills for a growing number of homeowners nationwide, according to a new study from Sense, a home energy …
May 11
Brokerages Offer Consumer Incentives
Brokerages Offer Consumer Incentives As the industry is finding itself up against a tight inventory and the market so competitive, brokerages are offering incentives for clients to work with them. Realogy hopes to attract more prospects with a new client incentive for customers who might be interested in a “vaxication” as well as a home. …
May 11
Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action
Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for …
May 10
Existing Homes Really More Pricey Than New
Existing Homes Really More Pricey Than New The median existing-home price for a single-family home in March jumped to a record high of $334,500, according to data from the National Association of REALTORS®. Meanwhile, the median sales price of a newly built home was $330,800, according to U.S. Census Bureau data. New homes are traditionally …
May 10
‘This Isn’t a Bubble’
‘This Isn’t a Bubble’ The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated. “We have strong conviction that we …
May 05
A Pre-Approval Puts you in control.
Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) can help if you have any questions about the documents listed on the below flyer. #RealEstate #Realtor #HomePurchase #PreApprovalChecklist #FreedomFast #PreApp #LetFreedomHelp
May 05
Lumber Prices Add $36K to Average New-Home Price
Lumber Prices Add $36K to Average New-Home Price Buyers who purchase newly constructed homes are paying more not only because of intense competition in the market but also surging lumber prices. Record-breaking growth for the cost of lumber is pressing on builders’ budgets and prompting them to pass along price increases to buyers. The …
May 05
Markets Benefiting Most From the Economy
Markets Benefiting Most From the Economy With rising home prices, some markets have lost affordability, but a robust economy promises to help housing thrive in many areas of the country. Realtor.com® and The Wall Street Journal identified the top markets with growing economies and booming housing markets in their brand-new joint Emerging Housing Markets Index. The …
May 04
Americans’ Sky-high Savings
Americans’ Sky-high Savings Many American households are feeling richer, sitting on the nest egg they’ve built during the pandemic. Those savings may be released into the economy in new spending this spring and summer, which will bode well for the already surging housing market. Personal savings increased to a 21% annual rate in the …
May 04
What People Love and Hate About Their Home
What People Love and Hate About Their Home From the paint colors to the layout and location, a person’s home can significantly impact his or her mental health, according to a new survey from Sears Home Services of more than 1,000 consumers. The survey found that the following property attributes contribute most to a person’s …
