The latest report of the Case Schiller Home Price Index published in May, 2017, indicates that sooner is better when it comes to buying a house. Why? Twenty major metro areas have seen home prices increase 5.7% over last year. If this increase holds true, a house that costs $200,000. this year will cost $211,400. next year.
Obviously, there are multiple factors that influence home prices such as location, inventory supplies, demand, influx or not of new residents. Just take a look at the different appreciation rates in these cities..
Seattle – +13%
Boston – +6.1%
Miami – +5.7%
Chicago – +3.6%
Overall projections regarding mortgage rates in 2018 come down to 4.3% though Fannie Mae and Freddie Mac are expected to be 3.8% and
Impeccable townhome located in Fireside at Desert Ridge. Grand entry with slate tile floors and stacked stone feature wall. Great room is truly great for entertaining or relaxing and is wired for surround sound. Eating area flows into the striking kitchen which features Cherry cabinets, slate tile flooring, granite countertops and stainless appliances. The amazing courtyard is just steps from the eat-in kitchen and provides the ideal area for entertaining with built-in BBQ. Powder bath with pedestal sink and slate tile flooring that carries up the wall to a lovely tile chair rail. Master bedroom on the main floor provides access to the incredible courtyard and includes a fabulous master bathroom with stylish
Seeing fewer for-sale signs now that summer is over? That can be great news for buyers who are looking to score a new home and buyers who want to get rid of their place and buy a new one. If you think you missed the boat on making your move this year, we're here to tell you why buying and selling in the fall can work for you.
Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. Families on a mission to move into a new home before school starts are out of the picture. Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale - and in some
Every successful home search begins with a wish list. Armed with your inventory of must-haves, you'll know how to focus your search and recognize a potential home that isn't worth your time.
Still, there's a strange thing that seems to happen when you're deep in the trenches of house hunting: The more you look, the longer that wish list seems to grow. But sooner or later, you have to own up to the fact that you can’t have everything—it's inevitable that you'll make some compromises somewhere.
And, in these days of tight inventory and cutthroat competition from other buyers, you might feel forced to waver far afield from your hallowed wish list in order to land a home.
That's OK—it’s important to be flexible. But there are a few times when you
A slower fall season in home buying may help more lingering home buyers to jump in. Credit the flurry of back-to-school activities and end-of summer vacations for sidetracking some sellers and buyers. Typically, the last two weeks or so of August cool a bit and the market picks up again full steam once school resumes for one last big push up until the Holiday season.
Home buyers may find attractive mortgage rates this fall. Mortgage rates are still under the 4 percent psychological threshold, which can be a luring incentive for borrowers. Freddie Mac reported last week that the 30-year fixed rate averaged 3.78 percent, holding steady at a 2017 low.
Studies have shown that fall can be the best time to buy. A study conducted by RealtyTrac in 2015
Check out this former model home with designer touches that sits on a premium lot backing to wash with trails. This 3 bed 3 bath home includes a private entry casita and has an open concept floor plan that features a gourmet eat-in kitchen with custom granite countertops, huge kitchen island (underneath storage), upgraded cherry cabinets, stainless appliances and beautiful back splash. The formal dining room is open to the kitchen and living/sitting room which is ideal for entertaining. The master is truly a private retreat with walk in closet, full bath with custom granite, dual sinks, separate tub/shower and huge sitting area perfect for exercise, yoga, or office. Enjoy
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5 Real Estate Stats Homeowners Should Know:
As homeowners, it's good to know a little bit about the market our home is located in. There are a couple of real estate stats that are good to know as they can give us a feel for the temperature of the market.
1) Medium Price - Both average sales price and median sales price can provide an indication of pricing trends. Median sales price provides a more reliable number because it is not influenced by outlier sales that can sell for unusually high or low prices. However, as with any other stat it's not good to look at only one metric.
Bookshelves and cabinetry incorporated within a home’s architecture once was equated with grandeur, offering homeowners the opportunity to showcase personal treasures and knickknacks. But over time, the pieces may look dated. Here are updating ideas with pizzazz that buyers may love.
September 2017 | By Barbara Ballinger
Built-in cabinetry, whether part of a home’s initial design or added to organize and display books, artwork, or knickknacks, has long offered a way for homeowners to introduce a distinctive look to their interior. But with the rise of digital media and minimalist decor, buyers these days may have less of a need for this once widely coveted storage feature.
Settle in to this beautiful Anthem home offering SPACIOUS LIVING and a backyard made for ENTERTAINING with built-in BBQ and outdoor fireplace. You’ll love the 20 foot CEILINGS and abundance of natural light. This inviting 4 BEDROOM has a FRESHLY PAINTED exterior and includes living, dining, family rooms, as well as office, upstairs laundry room, bonus room (for use as a home theater, playroom or gym), plus a MAIN FLOOR OWNER'S SUITE with walk-in closet and private patio access. The large kitchen has stainless steel appliances, granite counters, STORAGE cabinets galore and an eat-in area. Built-in garage cabinets, workbench, service door too. Enjoy EASY ACCESS