Tag: real estate agent
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7 Tips for Remodeling a Bathroom
Average bathroom remodels can be pretty up there in price, but here’s some simple tips to help get you a budget-friendly bathroom remodel with the maximum value for your investment. 1.) Planning is important. DO NOT improvise. Think beforehand about how you want to use the space available, what materials you want to use, and […]
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Low Inventory May Drive Prices Up
For the first time in 16 months, inventory of homes available for sale dropped last month, according to the National Association of REALTORS®. Although the decline was slight, less than 1 percent, per month, the drop does indicate “a reversal to the general growth of listings that had been occurring throughout 2014,” writes Lawrence Yun, […]
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5 Mortgage Tips for Home Buyers
Here are some tips from Bankrate.com on securing a mortgage, getting the best rate, and more. 1. Be prepared to document your finances. Buyers need to prepare for extra review by lenders when underwriting mortgages due to new mortgage regulations that took place in January, particularly in proving the buyer’s ability to repay their loans. […]
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5 Most Affordable Housing Markets
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, nearly 65% of new and existing homes sold between the beginning of October and the end of December, were affordable to families earning an average income of $64,400. This is largely unchanged from the third quarter index. The NAHB/Wells Fargo Housing Opportunity Index […]
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Average Home Size Growing
An average new home size now has increased 300 square feet since 2009. It has increased from an average of 2,362 square feet in 2009, to 2,679 square feet in 2013. With this additional square footage, there are more homes adding more bedrooms, bathrooms, and amenities than there were in 2009. 48% of homes built […]
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No Spring Slowdown for New-Home Sales
In January, single family new-home sales surged to a five and a half year high, which is giving hope that the new-home sector isn’t going to slow down in Spring after all. New-home sales role 9.6% to a seasonally adjusted annual rate of 468,000 units in January. That is the highest it’s been since January […]
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Spring Selling Rush Coming Early
Spring is usually the busiest time of year for the housing market, when more people are putting their homes up for sale. However, the spring selling rush seems to be starting earlier this year. Some homeowners are already putting their homes up for sale to advantage of the rebounding home prices and improved equity. Sellers […]
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Rising Home Prices Lower Affordability
Strong price gains are starting to lower housing affordability- especially in the West. The average price of a single-family home rose in 73% of housing markets in the fourth quarter of 2013, 26% of which had double-digit pricing gains. Lawrence Yun, NAR’s chief economist stated that, “The vast majority of home owners have seen significant […]
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