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Real Estate News

- We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. The offers that appear on this site are from companies that compensate us. This compensation ... [Read More]

Source: bankrate.com

- If you’re just starting out in a new place, consider these furniture options that you can take with you to any new home Investing in furniture for your first home, or anywhere you don’t expect to stay forever, can almost seem like a waste. Why spend money on pieces that might not fit in or go with your dream home down the road? Well, there are some pieces worth investing in as early as you can — furniture that will suit your home right now and that will easily find a place in your next house. Here are eight pieces you shouldn’t hesitate to add to even the smallest starter home. 1. ... [Read More]

Source: houzz.com

- About 59.6% of new and existing homes sold in the second quarter of this year were considered affordable to families earning an adjust median income of $72,900, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. This is down from 61.3% in the first quarter of this year and is the lowest reading in 18 months. Mortgage rates fell to another record low this week, the eighth record set this year. But home affordability is weakening as the housing shortage, high demand from buyers and rising home prices negate the benefits of lower rates. Only 59.6% of ... [Read More]

Source: cnbc.com

- Buying a home is never a simple undertaking. Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. But house-hunting during the coronavirus pandemic? That changes the game entirely. By the power of coincidence and bad timing, my home search started almost exactly as the crisis hit hard in the United States. Oh, and add to that the fact that I was moving cross-country, searching for a home remotely about 2,000 miles away! My first experience shopping for a home was atypical, to say the least. But that also meant it ... [Read More]

Source: realtor.com

- If a particular contractor is hesitant or unwilling to provide all of the contract requirements, it should be considered a red flag. Regardless of what kind of home improvement project, or home addition, from the backyard to bathroom, the homeowner should consider two facts, which are how much the home improvement project or home addition will cost and how much value will the home improvement project or home addition add to the value. In order to answer those two questions, the homeowner should talk to a couple of people, which are a realtor and a contractor. The contractor will give the ... [Read More]

- In this topsy-turvy COVID-19 world, there are still home buyers and sellers that are looking to relocate or downsize. Buying a home is one of the biggest financial decisions you will make in your life. It is always important to get your finances and priorities in order before looking at houses, especially in these challenging economic times. (1) Stable Employment Unemployment in 2020 is extremely high because of the COVID-19 pandemic that essentially shut down the world’s businesses. If you are planning to buy a home and obtain financing for it, you should be able to demonstrate job ... [Read More]

-  The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.14% from 3.20% last week. Mortgage applications to purchase a home also fell for the week, down 2%, but were 22% higher than one year ago. Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Demand is still considerably higher for refinances and purchase applications than it was a year ago. The average ... [Read More]

Source: cnbc.com

- The excitement of moving into a new house is pure bliss. As soon as you set foot inside your new house, you get hundreds of ideas to improvise the space and make it your ‘home’. Whether you downsized your inventory to make the move affordable or you have a bigger space now than before, you will have a number of items that you will need to buy to get settled in the new home with greater comfort and functionality. The best moving companies, ( to get details) associated with Pricing Van Lines, a credible moving service platform state that people invest too much time in the moving process ... [Read More]

- We can’t discuss the near future without addressing our apocalyptic present. Coronavirus has hit every US industry, and real estate is no exception. Unfortunately for real estate investors , buyers, and sellers, the December and January real estate optimism was very short-lived. As COVID-19 cases began to rise, so did uncertainty in the industry. There have been numerous speculations and concerns with regards to where the housing market is headed in 2021. And while we’re slowly witnessing conditions unfold, we’re still unsure exactly how the market will be affected. But we can make some ... [Read More]

- With a rapidly changing market and low inventory, homes are selling faster than ever. If you’re looking to buy, you have to come prepared with an offer that will stand out.  With a rapidly changing market and low inventory, homes are selling faster than ever. New listings can have several offers before you have even had the chance to see it. With this being the case, not only do you have to spring into rapid action, you have to come prepared with an offer that will stand out above the other buyers out there.  While it can be difficult to be the first of multiple offers coming in, you can ... [Read More]

Source: homes.com

- You may have heard of ductless mini-split air conditioners or heat pumps recently. They're one of the more recent developments in HVAC technology. But is one right for your home? Ductless mini-splits do exactly what the name implies: They provide heating and cooling without requiring large metal ducts to snake through the entire house, and without requiring intrusive window units. Small ductless units install directly in the rooms they're servicing, connected to the outdoor unit that houses the compressor and fan. Several ductless units can connect to a single outdoor unit. You can purchase ... [Read More]

- There are few things more exciting than buying your first home . Whether it's a downtown loft or a country cottage, you knew it was meant to be yours the first time you saw it. Not so fast. It can be tough to separate emotion from wisdom when it comes to buying a home. After all, this is the place you picture yourself building memories with the people you love. If you find a home that matches your fantasy, it can be intoxicating enough to throw caution to the wind. Which may mean you commit to paying for a larger house than you can afford . Why caution matters We all want to live in a home ... [Read More]

Source: usatoday.com