Construction, whether relating to a new build or remodeling, has its own vocabulary. When your contractor or builder talks about rough work, don’t take it to mean he’s complaining about his job… “Rough In” or “Rough Out” Depending on your neck of the woods, the phrase “rough in” or “rough out” might be preferred. Either […]
A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market. In a recent blog, Dave Ramsey, […]
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and […]
Scrolling through online listing photos, scouting for the best neighborhoods, and pondering décor in your new home is fun. But the home search itself is not the only enjoyable experience; the entire home buying process can be pleasant when you have access to the best tools. Here are the top six resources you should use to make buying a home […]
With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a new […]
In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing […]
The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many […]
Some Highlights: Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans. Real estate is ranked as the best long-term investment among all age groups. Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment.