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Home and Real Estate News

Home and Real Estate News

3-Step Downsizing Plan

When it’s time to move to a smaller home, these tips will help you save the memories while minimizing clutter in your new place. Moving into a new house is often bittersweet. You are excited for the change, but sad to leave a home so full of memories. Downsizing can be even harder — a smaller place means you don’t have room for all of your current possessions. But downsizing is also…

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Home and Real Estate News

Save Time and Effort by Selling with an Agent

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% (See…

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Home and Real Estate News

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8% The S. National Home Price Index from S&P Case-Shiller: 18.6% The Home Price Insights…

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Home and Real Estate News

What Is a Home Warranty? Peace of Mind for Home Buyers

What is a home warranty? In a nutshell, it’s a policy a homeowner pays for that covers the cost of repairing many home appliances if they break down. After all, lots of things you buy come with a warranty in case they break down, from cars to smartphones. But what about homes? It turns out you can get a home warranty plan, too. “Home warranties provide financial protection from a service provider…

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Home and Real Estate News

What to Look Out for When Buying an Old House

Are you planning to purchase an old home? This could be a very smart real estate move, as old houses tend to cost less than modern builds. Additionally, if you’re the type of person who appreciates the nostalgic appeal and charm of an older home, then this will be a gratifying choice for you. Although older houses bring undeniable historical character and uniqueness, there are a few things you need to be…

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Home and Real Estate News

How to Inspect Pre-Installed Appliances When Buying a House

Pre-installed appliances exponentially increase the value and asking price of a home. However, you might not realize that the machines you paid for are not fully functional until it is too late. This is why before buying a home, you need to inspect the condition of any pre-installed systems or appliances. This will help you negotiate for the right price, and find out whether you will have to replace these appliances or not.…

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Home and Real Estate News

What Do Experts Say About Today’s Mortgage Rates?

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say: Sam Khater, Chief Economist at Freddie Mac, points out the historic nature…

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Home and Real Estate News

Market Stays Hot in June — Plus, Inventory on the Rise

Florida had a record spring buying season this year, and the season ended with a bang, based on the June resale market statistics from the Florida Realtors Research Department. Closed sales of single-family homes were up close to 24% in June of 2021 compared to June of 2020, when closings began their rebound from the initial shock of the pandemic. And compared to our last normal month of June, back in 2019,…

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Home and Real Estate News

The Ultimate 1 Hour Closet Cleanse

Because who has a full day to dedicate to cleaning? The first week of January may be when resolutions get the most attention, but most of us actually make and break resolutions throughout the year. Think about spring cleaning: it’s just another resolution. Same with your summer diet and your deep winter cleaning. Here’s the thing, though: Making a resolution doesn’t somehow magically change who you are as a person. So if…

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Home and Real Estate News

Are Houses Less Affordable Than They Were in Past Decades?

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a…

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