Young Adults Aren’t Buying High student loan debt is one main culprit for the lower rate of home ownership over the past decade, a new study from the Federal Reserve shows. Home ownership of all Americans has fallen 4 percentage points from its peak of 69 percent in 2005. It has dropped the most—from 45 …
Tag: News
Jan 21
Lower Mortgage Rates Escalate Sales
Lower Mortgage Rates Escalate Sales The real estate industry will soon see what kind of impact weeks of declining mortgage rates have had on home sales. Will it provide the boost some experts are predicting? Since early November, the 30-year fixed-rate mortgage has fallen nearly half a percentage point, from 4.94 percent to 4.45 percent, …
Jan 18
Town homes to Win Over Young Buyers
Town homes to Win Over Young Buyers Builders across the country are betting on luxury town homes to try to get more young adults into home ownership. Open floor plans, high ceilings, and upgraded amenities are features they hope will lure millennials to buy their first home. “When a lot of people think of townhouses, …
Jan 17
Common Kitchen Styles in Remodels
Common Kitchen Styles in Remodels Farmhouse design continues to gain popularity in kitchen remodels, according to the 2019 Houzz Kitchen Trends Study, a survey of more than 1,300 homeowners who are planning or in the midst of a kitchen project. Eighty-two percent of renovating homeowners this year who are changing the style of their …
Jan 16
Hassle Free Tax Season
Hassle Free Tax Season January marks the beginning of the New Year. It also marks the beginning of tax season. If you’re like me, you begin optimistically in January saying you’re going to get an early start, but when April 15th arrives , you’re scrambling to get the last forms mailed! This year I …
Jan 15
Ladders are the number one tool that cause household injuries.
Ladders are the number one tool that cause household injuries. 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 …
Jan 14
Mortgage Rates Fall
Mortgage Rates Fall Mortgage rates posted more drops this week, lowering the borrowing costs of potential home shoppers and refinancers. Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week. “Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that …
Jan 10
Home Owners worst Home Remodeling Projects
Home Owners worst Home Remodeling Projects 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. …
Jan 09
Considering a home purchase this year?
Considering a home purchase this year? Make it your New Year’s resolution to know how much home you can afford! Making a smart home buying decision starts with ensuring that you can truly afford the home of your dreams. This is no single formula for determining how much house you can financially manage, since it …
Jan 08
Home Repairs That Can Save a Sale
Home Repairs That Can Save a Sale 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 …
Jan 07
Home Owners and DIY Projects
Home Owners and DIY Projects Many homeowners are attracted to do-it-yourself home projects, particularly members of younger generations, according to the National Association of REALTORS®’ “2019 Remodeling Impact Report: DIY.” In fact, homeowners may even be happier when they DIY than when they hire a professional to handle a project. Homeowners reported a “joy score” of 9.9 for …
Jan 04
How to prepare your house to sell
How to prepare your house to sell Tips for preparing your house to sell: 1 – De-clutter: donate it, dump it or store it. 2 – De-personalize: Remove family photos, personal memorabilia, keepsakes, etc. 3 – Remove furniture: Create the feeling of space, especially if square footage is limited. 4 – Clean your house: …
