A majority of buyers finance their home purchase with a down payment of 6 percent or less. How much does that actually amount to? Here is what a 6 percent down payment looks like in 5 major U.S. housing markets. Powered by WPeMatico
The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in September reached a new high and is up 6.2 percent from a year earlier. But what does this mean for homeowners? Home prices affect the wealth of homeowners. As the price of housing increases,… Continue Reading Instant Reaction: September Owners’ Gains Forecast
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on September home prices: “Home prices, after multiple years of fast growth, still show no signs of cooling because of the ongoing housing shortage in much of the country. The latest Case-Shiller price growth of 6.2% on a nationwide basis marks the… Continue Reading Instant Reaction: S&P/Case-Shiller September Home Prices
Of all the itemized deductions, the one for charitable contributions might seem to come out the best under tax reform. That’s because it’s the only deduction under both the House and the Senate versions of the bill that is largely undiminished. And yet charities complain donations will dry up under tax reform. What gives? “Provisions… Continue Reading Charity Deduction Faces Same Tax Reform Risk as MID
By Christy Matte, guest contributor Smart homes with security and automation features are becoming a hot trend, and they can be an exciting way to dazzle prospective home buyers (and up your staging efforts to a high-tech level at the same time). But if buyers have never experienced an automated home environment, rattling off a… Continue Reading Smarten Up Your Showings With Smart Home Technology
It’s almost that time of year, where we sit down with friends and family to eat way too much food and reflect on what we are most thankful for this past year. Here are a few facts about Thanksgiving and the real estate market from the National Association of REALTORS®. Happy Thanksgiving! Powered by WPeMatico
Thanksgiving, lies, presents, contests, design, finance, and housing cycles. Hosting for the holiday? Check out these tips to make your guests feel at home. Did you start brining your turkey yesterday? Need AI support? Ever wonder how the giant balloons are made for the Macy’s Thanksgiving Day Parade? Here are some more facts about the… Continue Reading What We’re Reading: Nov. 20-22
David Hakimi By David Hakimi This article is part one in a two-part series on how to sell newly-constructed homes. Part two will be published Monday, Dec. 11, 2017. It’s no secret that the housing market has fully rebounded over the past eight years and is now experiencing tremendous growth. In fact, demand in many… Continue Reading The Rookie Agent’s Guide to Selling New Construction: Part 1
Tight supply has led to higher price growth, especially in the metro areas of San Jose- Sunnyvale-Sta. Clara, Francisco-Oakland-Hayward, and Seattle-Tacoma-Bellevue. Given the steep increase in home prices, an interesting question is whether demand is starting to wane given the strong price escalation in these areas. To answer this question, we look at how fast… Continue Reading Homebuying in San Francisco, San Jose, and Seattle Sill Strong Despite Steep Prices
The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[1] This report presents key results about market transactions from October 2017. View and download the full report here. [2] Market Conditions and Expectations The REALTORS®… Continue Reading REALTORS® Confidence Index Survey: October 2017 Highlights