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Real Estate News

- New federal tax code is causing a price “recalibration” Pending home sales in Manhattan spiked 27% in April from a year ago, reaching the highest level of signed contracts since the spring of 2015, as property prices in America’s costliest urban neighborhood dropped, according to StreetEasy . After New Yorkers snapped up properties, the inventory of homes declined 10% in April compared to a year ago. The StreetEasy Manhattan Price Index fell 5.2% from last April — down by $60,096 to $1.1 million, the lowest level since May 2015. “Early signs tell us that some sellers are finally ... [Read More]

- May 23, 2019 Once you’ve purchased your home, it’s time to make it your own. Hopefully, your new abode won’t require a ton of renovations, but whatever you decide to do you’ll need to set up a timeline, and most importantly, a budget.  Some projects may be major undertakings while some could just mean a minor facelift which could be a simple as a change in paint, stain, or even a little modification. For our last two homes, it’s been the kitchen that’s needed the most attention. We were still able to drastically change the look of our kitchen by simply painting our cabinets or ... [Read More]

Source: homes.com

- Homeowners are scrambling to refinance their mortgages now that rates are falling. Applications to refinance mortgages surged 8 percent last week as rates dropped for the fourth straight week, the Mortgage Bankers Association said Wednesday.  The refinancing volume drove a 2.4% increase in overall mortgage applications compared to the prior week, MBA said. The 30-year fixed rate mortgage hit its lowest level since January 2018 at 4.33%, down from 4.4% the previous week, the trade group said. “There was an increase in average refinance loan sizes, as borrowers with larger balances ... [Read More]

Source: usatoday.com

- Multiple closely watched mortgage rates increased today. The average rates on 30-year fixed and 15-year fixed mortgages both increased. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also climbed higher. Mortgage rates are in a constant state of flux, but they have remained in a historically low range for quite some time. If you’re in the market for a mortgage, it could be a great time to lock in a rate. Just make sure you shop around first. Compare mortgage rates in your area now . 30-year fixed mortgages The average rate you’ll pay for a 30-year fixed mortgage is 4.04 ... [Read More]

Source: bankrate.com

- Let these patio furniture setups for spaces big and small motivate you to get outside this season If you’re planning to invest in a new patio set or looking for a fresh way to rearrange your current furniture, take a peek at these eight setups, each offering an invitation to get outside. All include combinations of outdoor furniture — cafe tables, chairs, benches, lounges and more — and at least one other garden element that makes the scene that much more enticing. 1. Pattern Play in Southern California Ingredients. Lightweight patio chairs, heated bench and outdoor hearth. The fabulous ... [Read More]

Source: houzz.com

- Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018. That was the 14th  straight month of annual declines. A real estate agent and a potential home buyer in Coral Gables, Fla. A sizable drop in mortgage interest rates didn't do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. Sales of existing U.S. homes fell 0.4% in April compared with March ... [Read More]

Source: cnbc.com

- Need cash? A home equity line of credit, or HELOC, offers a convenient and flexible way of tapping into the value of your home. It works in a way that’s similar to a credit card: You can borrow what you need from the credit line as the need arises, over a period of time. But the interest is often much lower than you’d find on credit cards, so many homeowners turn to HELOCs to pay down higher-interest debt or make home improvements. The interest rates are tied to the prime rate , which is still relatively low. Here are some tips for getting the very best rate on a home equity line of ... [Read More]

Source: bankrate.com

- Q: Dear Ed: I'm thinking about switching my present toilet seat to a non-electric bidet seat. I don't want to spend extra money on having a bidet seat connected to electricity for warm water rinsing. Can you please give me some information on these nonelectrical cleansing seats? – Carol, Missouri A: Manual cleansing seats require no electricity and can be easily installed on elongated or round-front toilets. They connect to the toilet cold water supply line, so the rinsing water temperature depends on your plumbing system. If you have chilly cold water lines, take that into consideration. A ... [Read More]

- Have you been mowing your lawn for years, but still feel a little green at it? Lawn mowing, as it turns out, is an artform — and your grass blades can be a tad persnickety, with preferences on when you mow and the patterns that you follow. Here are six, expert-approved lawn-mowing tips that will help save you time and improve the health of your lawn this summer. Mow in the Evening The buzz of a lawn mower may seem synonymous with Saturday mornings in suburbia. But, go ahead and sleep in because the optimal time to cut your grass is actually in the evenings, according to the Grounds Guys ... [Read More]

- A cash-out refinance is another option homeowners can consider when they are seeking additional money for renovations or to pay down their debt. A cash-out refinance is when a consumer refinances a mortgage into a new one that has a larger amount. The difference between the two mortgages is given to the homeowner in cash. These mortgages are often called a “cash-out refi.” Homeowners need at least 20 percent equity in the home to qualify. This option can be beneficial to consumers who have seen the value of their home rise in recent years. “Cash-out refinancing is attractive to ... [Read More]

Source: bankrate.com

- Find out whether a repair is worth making before you put your house on the market When you make the decision to sell your home, it can be tricky to know which changes would make your home sell more quickly or boost the sale price — and which would be a waste of your time and resources. Each home (and each homeowner) is different; that’s why we’ve come up with eight key questions to ask yourself before making any changes to prep your home for sale. General Questions These first three questions will help you take the temperature of the real estate market in your area and assess the ... [Read More]

Source: houzz.com

- On their own, the colors beige and gray aren’t especially groundbreaking. But combine them and bam— you’ve got a color that’s as versatile as your basic neutral, but miles more nuanced. Greige, a warmed-up gray, adds serious depth to a room and makes a great backdrop, no matter whether your style is traditional, modern, or somewhere in-between. As versatile as greige is, some versions are cooler and some are warmer, and you’ll want to pick the right shade for your space. To help figure it out, architectural color consultant Amy Krane shares a few pointers. 1. Pair greige with bold, ... [Read More]