As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports: “Second homes … [Read more...] about Why This Is a Great Year to Sell Your Vacation Home
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment … [Read more...] about 93% of Americans Believe a Home Is a Better Investment Than Stocks
Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social … [Read more...] about Some Buyers Prefer Smaller Homes
Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of … [Read more...] about Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]
Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%.
What does this mean for you?
Our lives are deeply impacted by our nation’s economy. The better the … [Read more...] about
In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. … [Read more...] about Don’t Sell on Your Own Just Because It’s a Sellers’ Market
Here's this week's Phoenix real estate snapshot - foreclosure tsunami more wishful thinking than reality: Inventory is stabilizing at about 22 days of inventory - less than 4,000 homes on the market - in Metro Phoenix. Typical inventory is 134 days. Prices continuing to rise quickly with no relief in sight for … [Read more...] about No Foreclosure Tsunami Phoenix Real Estate This Week
Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four … [Read more...] about Buyer Competition Is Good News for Sellers [INFOGRAPHIC]