Vacant Land is one of the most overlooked and misunderstood real estate investments in the world. Most real estate investors completely fail to recognize the superior benefits that come with owning land in its raw form. It’s unfortunate because the simplicity and stability that come with owning the right piece of land (purchased at the […]
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What Do Experts See on the Horizon for the Second Half of the Year?
As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on […]
The New Normal of Selling a Home Today, Explained
If you’re selling your home right now—or thinking about doing it soon—you should know that today’s housing market is unlike anything we’ve seen or experienced lately, maybe ever. In the past, home sellers might have waited weeks or months to get an offer that might not be as high as they’d hoped. Buyers may have […]
How to Address Problem Vacancies in Your Neighborhood
There’s a great deal cities can do right now to address the vacant, abandoned, and deteriorated properties that are contributing to lower property values and economic hardship in their most vulnerable neighborhoods, said a panel of community revitalization experts on Tuesday. The panelists presented at the National Association of REALTORS®’ webinar “Engaging the Community to […]
Where Property Taxes Are Highest
Property taxes can vary considerably based on where you live. Homeowners in some metro areas pay thousands of dollars more per year than owners elsewhere. Home shoppers will want to factor in these added costs when they buy to avoid unexpected tax surprises. For example, the median real estate tax in Las Vegas—the lowest of […]
More Buyers Paying Cash to Win Bidding Wars
Cash is often king. Buyers who can make an all-cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to make for faster transactions. All-cash deals comprised 20% of sales […]
Mortgage Rates Move Up, Now Average 3%
As the economy continues to strengthen, mortgage rates are heading upwards. The 30-year fixed-rate mortgage increased from its 2.94% average last week to 3% this week, Freddie Mac reports. “Mortgage rates are more likely to continue to rise than fall throughout the rest of 2021,” Nadia Evangelou, National Association of REALTORS® senior economist and director […]
An inside look at the New Orleans real estate market and why prices are going up
The home-buying experience for the Williams family says a lot about the state of the metro New Orleans housing market, where prices for most single-family properties have held up through the coronavirus pandemic even as unemployment surged and the economy staggered. Will Williams, together with his wife Rachel and their four young children, were looking […]
They’re Here To Stay, So Learn To Get The Most From Your Home Office With These Expert Tips
Converting a closet into a home office is one of many creative home office solutions author Chris Peterson covers in his newest book. Is it me or, as the pandemic slowly whimpers away, are you, too, hearing those who have been cooped up working from home chanting: There’s no place like the office, there’s no […]
‘Granny Flats,’ Or Small Homes On A Main House’s Grounds, Can Add A Getaway Space — Or A Rental Income
A Room of One’s Own ― The pandemic has pushed the demand for Accessory Dwelling Units, or ADUs, like this one in Palo Alto, Calif., designed by Maydan Architects. They fill an increased need for affordable housing or a separate home office. Fortunately, more city and state regulations are allowing them. Last week, I wrote […]