By: Kimberly Dawn Neumann | REALTOR.COM
Although high mortgage rates have plunged most of America’s housing markets into early hibernation, if you zoom in closer, you’ll find that certain areas are busier and more bustling than a Black Friday doorbuster.
These were the findings of a new report by Realtor.com® of America’s Hottest Housing Markets, which gauges “hotness” via the number of views per listing and how long properties remain for sale.
Despite mortgage rates reaching a recent 23-year high and approaching 8%, homes in the 20 hottest markets in September had no shortage of interest and offers.
“These markets are seeing homes for sale move up to 31 days more quickly than the typical property...
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By Kimberly Dawn Neumann | REALTOR.COM
Selling a house can be a stressful process, particularly in today’s rapidly changing market. Although sellers enjoyed a strong seller’s market throughout much of the COVID-19-fueled housing boom rich with bidding wars and record-high prices, rising interest rates have shifted these power dynamics to the point that many prospective sellers might feel downright paralyzed by home-selling “what ifs.”
Like: What if I sell now, but then home prices rise? Or: What if I sell now, but then can’t find a new house? Will I regret selling so soon, or regret not selling soon enough?
What if, what if, what if?
In fact, sellers hesitating to put their homes on the...
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From our friends in KCM
Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup:
“When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart financial investment was the main motivator for 72% of respondents.”
While that survey looked specifically at first-time homebuyers buying newly built homes, the same sentiment is true for just about anyone buying their first home. Here’s a bit more information to help you think about those two...
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From our friends in KCM
If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.
Experts Project Ongoing Appreciation
Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home...
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From our friends in KCM
Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.
Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.
Consider How Long You’ve Been in Your Home
From 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is higher today. Since 2010, the average home tenure is just...
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By: KCM
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:
“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”
In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise, and more. Those who had that...
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Modern farmhouses and beyond.
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Stanly Ranch, an Auberge resort in Napa, California, isn’t your typical hotel. Instead of one big elevator building, a slew of modern black houses dot the 700-acre property. The sleek villas served as an inspiring setting for Behr’s annual color of the year announcement. The paint purveyor revealed today that Cracked Pepper is its top choice for 2024, and it’s a no-brainer as to where to use it. “It’s the perfect exterior color,” says Sarah Fishburne, Home Depot’s director of trend and design.
Photography by Emily Dorio
Of course, the “soft black,” as Erika Woelfel,...
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By: Leandra Beabout | Realtor Magazine
Infinitely recyclable glass is going mainstream in core building and design materials.
These days, you don’t have to look far to see upcycled glass. Caterers and restaurants use Mason jars for cocktails and lemonade. DIYers repurpose wine bottles into candle holders or melt them down to create coasters or spoon rests. Glass can also be recycled for large-scale home products like countertops, wall panels and sculptured art.
By some measures, glass is one of the most sustainable materials on the planet. According to the National Institutes of Health’s Chemical Waste Services(link is external) (CWS), it can be recycled infinitely without losing its purity or durability. That...
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Buying your first home can be a daunting process, but with the right preparation and guidance, it can also be an incredibly exciting and rewarding venture. To help you navigate this new terrain, we've put together a list of 5 essential tips for first-time home buyers: ✨🏡
1. Draw up a hard budget and stick to it – One of the biggest mistakes many first-time homebuyers make is not having a budget. Make sure you have a clear understanding of your finances, including your current income, expenses, and savings. Be realistic about what you can afford, and stick to your budget.💰
2. Make a short list of your non-negotiables...
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By: KCM
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.
While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.
A Short-Term Rental Comes with Responsibilities
Successfully managing your house as a short-term rental takes a lot of time and effort....
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