THE BOTTOM LINE: Why it matters: Not all bubbles burst. Real estate, in particular, tends to rise in value much more easily than it falls. Besides, says National Association of Realtors chief economist Lawrence Yun, this “is not a bubble. It is simply lack of supply.” Some Highlights In a recent article, Lawrence Yun, Chief […]
Don’t Be Fooled by Remarkable Real Estate Headlines
Bottom Line There are likely to be some sensational headlines about real estate over the coming months. However, don’t be fooled. The actual story is that the real estate market is finally back to normal. Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, […]
Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]
The Bottom Line 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. Some Highlights With benefits that include a combined home buying budget and shared care giving duties, an […]
93% of Americans Believe a Home Is a Better Investment Than Stocks
Bottom Line The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying: “Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.” A recent Survey of Consumer […]
Latest Jobs Report: What Does It Mean for You & the Housing Market?
Bottom Line An improving economy with a falling unemployment rate will benefit households across the country, as well as the overall housing market. 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 […]
2021 Real Estate Myth Buster [INFOGRAPHIC]
The Bottom Line There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. Connect with your realtor to discuss your needs and […]
Why You Should Think About Listing Prices Like an Auction’s Reserve Price
THE BOTTOM LINE Someone who’s more familiar with the housing market of the past than that of today may think offering more for a home than the listing price is foolish. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions. Connect with your real estate agent so you […]
To Renovate or Not To Renovate … Before You Sell
The Bottom Line “The 2020 Cost vs. Value report shows a predictable increase in costs for all 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale, as estimated by real estate professionals in more than 100 metro areas across the U.S. This results in […]