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Real Estate News

- Spring is here, which means peak homebuying season is right around the corner. Although it varies from place to place, generally most people start shopping for homes at the end of March and the peak season chugs on through summer until school starts up again. For many homebuyers, 2019 might prove to be a better year for buying. Last year, buyers in many areas faced significant roadblocks to homeownership, such as a severe inventory shortage, home price growth at twice the rate of income growth and increasing mortgage rates. The situation isn’t expected to drastically change this year, but ... [Read More]

Source: bankrate.com

- It doesn't matter if you're a first-time home buyer or a decades-long homeowner, fantasizing about a kitchen remodel is just plain fun. Knocking down a wall, adding an island, getting rid of those dated pine cabinets—everyone's makeover master plan is a little different, but the goal is always the same: Get the most you can out of your remodel without overspending. So when it comes to overhauling your kitchen, what sorts of mistakes will have you paying through the nose? We assembled a team of experts to identify the major mistakes you should avoid during your kitchen renovation. 1. Not ... [Read More]

Source: realtor.com

- If you’re like most people, housing costs are your biggest expense. CBS News reported that U.S. rental prices hit a record high in 2018 at an average of $1,405 a month . On the flip side, Lending Tree reported that the average monthly mortgage cost was $1,029 in 2016 . Rent tends to rise with each move and without notice, even if you aren’t moving. But a mortgage on a home of your own stays the same, so you avoid those unexpected increases and avoid fluctuating housing expenses. And while buying a home can seem expensive, it can have advantages over renting, including the absence of ... [Read More]

- Multiple key mortgage rates dropped today. The average rates on 30-year fixed and 15-year fixed mortgages both decreased. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also decreased. Mortgage rates are in a constant state of flux, but they remain much lower overall than they were before the Great Recession. If you’re in the market for a mortgage, it could make sense to lock if you see a rate you like. Just don’t do so without shopping around first. Compare mortgage rates in your area now . 30-year fixed mortgages The average 30-year fixed-mortgage rate is 4.31 percent, ... [Read More]

Source: bankrate.com

- With the winter thaw comes the red-hot spring selling season. When it comes to properly preparing a property to sell, many experts argue that successful home staging is the key to the most lucrative sale in the shortest amount of time. Stumped as to where to begin to get your home sale ready? Here are seven expert home staging selling tips. 1. Purge! Remove all excess, from extra furniture to clothing. Now is the time to make your home feel as spacious as possible. 2. Create a basic marketing plan. You may need a real estate agent help with this one. The goal of this step is to decide who the ... [Read More]

- For many home sellers, there’s no better time to list than the spring, and for good reason: This is peak home-buying season, folks! Buyers turn out in droves once warmer weather finally arrives, bringing people out of hibernation mode, and bidding wars abound as buyers look for ways to one-up their competition. The bad news? Selling a home during the spring isn’t free of pitfalls. Indeed, “Spring home sellers still face challenges that they need to prepare for,” says Chris Dossman , a real estate agent with Century 21 Scheetz in Indianapolis. Since knowing what to expect can help you ... [Read More]

Source: realtor.com

- Q: Dear Ed: We're planning a surface bathroom remodel. We'll change the toilet, vanity sink, faucet, towel bars and lighting. No opening up walls or changing rough plumbing. We are on a budget and would like to add some extra flair to this project, any cool ideas? – Jimmy, Connecticut A: If on a tight budget or even a flexible budget, I do have advice on getting some bang for your bathroom buck. It is a simple concept called collection fixtures, a trend that is catching on. Some faucet manufacturers have added optional accessories available with selected faucet lines. So, you can pick out ... [Read More]

- The 5 most expensive home repair costs and what you can do to avoid them The average homeowner spends close to $7,000 on home improvement throughout the year. The cost of owning a house includes more than just your monthly mortgage payment. Home improvements and repairs also take up a large amount of your budget, but they're essential to maintaining — and maybe even increasing — the value of your home. But home repairs can be expensive. According to Dan DiClerico, a HomeAdvisor expert, the average homeowner spends close to $7,000 on home improvement throughout the year. “That’s why ... [Read More]

Source: foxnews.com

- A warm day in March can inspire a kind of madness in gardeners. It can cause them to burst out the door, desperate after months cooped up by cold and snow, and start work way too soon. “Be careful what you do right now,” said Sharon Yiesla, plant knowledge specialist at the Morton Arboretum in Lisle. “There are things it’s just too early for.” Here are some do’s and don’ts for early spring gardening: Do get rid of tree wrap. If you wrapped the trunk of a young tree to protect it from animals over the winter, unwrap it now. “Leaving tree wrap on too long can trap moisture and ... [Read More]

- Home sellers have a lot to worry about: Will anyone want to buy their property for its full asking price? How long will it take to find a buyer? Is it really worth the expense and trouble of staging a home to boost its desirability with buyers? "Heck yes" is the answer to that last question, according to an overwhelming number of buyer's agents polled for a recent National Association of Realtors® report . About 40% of the agents surveyed said that staging had an impact on most buyers, while 52% said it affected at least some of the folks interested in the abode. (The report was based on a ... [Read More]

Source: realtor.com

- Mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association. Applications for a loan to purchase a home rose 4 percent for the week and were 2 percent higher than a year ago. The average loan size jumped to a record $326,000, well above the nation's median home value, which in January stood at $247,500, according to the National Association of Realtors. A real estate agent and a potential home buyer in Coral Gables, Fla. Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most ... [Read More]

Source: cnbc.com

- The Philadelphia row house hadn’t been upgraded much in sixty years, so Kristy knew it would be a fixer upper when she bought it. Kristy loves to cook and wanted to create the perfect workspace, so she put a lot of attention into the kitchen. Because of the nature of the renovation loan Kristy took out, she had to hire approved contractors to do most of the work. But that doesn’t mean it was easy. The place needed to be totally gutted so new mechanical, drywall, floors, and plumbing could be installed. Kristy planned everything out, from hiring the wood flooring installers to sourcing the ... [Read More]