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Real Estate News

- U.S. market-rate apartments signed more new leases in May 2020 compared to May 2019, fueled by a surge in leasing activity over the second half of the month. The results are remarkable given a backdrop of double-digit unemployment and tens of millions of job losses. In the last seven days of May alone, lease signings came in 19.4% higher than the same time period last year, based on same-store rent roll data sourced from millions of units on the RealPage platform. That followed an increase of 7.4% in the prior week. Prior to the second half of May, weekly new lease volumes hadn’t once ... [Read More]

Source: realpage.com

- Drew and Jonathan Scott are pros at spotting hot new trends, and they include a real zinger in the kitchen they renovate on the latest episode of “Property Brothers: Forever Home." On the “Old Neighborhood, New House” episode, Kerri and Andrew are excited to raise their four young kids in their new home in Toronto. It’s already a beautiful home and in a great neighborhood (near where Kerri grew up), but the space still needs lots of work. With outdated finishes and closed-off rooms, the brothers know they need to make this house feel more like a forever home. Read on to see how the ... [Read More]

Source: realtor.com

- Several benchmark mortgage refinance rates trended down today. The national averages for 30-year fixed and 15-year fixed refinances both ticked downward. The average rate on 10-year fixed refis, meanwhile, also dropped. Rates for refinancing are in a constant state of flux, but they remain low by historical standards. If you’re in the market to refinance, it could be a great time to lock in a rate. See refinancing rates in your area now . 30-year fixed refinance The average 30-year fixed-refinance rate is 3.54 percent, down 13 basis points since the same time last week. A month ago, the ... [Read More]

Source: bankrate.com

- MCLEAN, Va., June 04, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ®  (PMMS ® ), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.18 percent. “While the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are a key factor in this recovery,” said Sam Khater, Freddie Mac’s Chief Economist. “While homebuyer demand is up and has been broad-based across most ... [Read More]

- When the time comes to sell a house or an investment property , the majority of owners will choose the traditional way to market their property: through exclusive real estate listings. Yet, some others will choose to sell their property through a different type of real estate listing known as open listings . According to the National Association of Realtors , open listings account for only 8% of all home sales in the US. So, you may be asking yourself: What is an open listing? And why would you want to use it to sell your house ? Keep reading to learn everything you need to know about open ... [Read More]

- The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%, who attended an open house within the last year would do so now without hesitation, according to the report. “The real estate industry – and our country – has endured some very challenging times for several months, but we’re seeing signs of progress and we are earnestly hoping the worst is behind us,” said NAR’s president, Vince Malta, adding: “While we ... [Read More]

Source: forbes.com

- Choosing the right material for your rental property’s fascia and soffit is an important part of keeping your rental in good condition. The soffit keeps rainwater from blowing into your rental home and collecting under the roof. Fascia protects the rafters and keeps pests like bats, birds, and squirrels out. Both have important functions as well as add to the curb appeal of a property. It’s essential to choose the right materials for your property. While the most traditional materials for fascia and soffit are wood or aluminum, vinyl is also an increasingly popular option. In what ... [Read More]

- It has always been said that the three most crucial things to consider when purchasing investment property are location, location, location! However, location alone is not a guarantee that your real estate investment will be successful. Besides deciding where to invest in real estate, investors should also think about when to invest in real estate. You need to understand what type of housing market you are in- a  seller’s market or buyer’s market . Buying property in a buyer’s or seller’s market comes with a wide range of implications. Let us examine both markets in detail: What Is a ... [Read More]

- Q: Dear Ed: I have a stainless steel kitchen sink with a two-handle faucet and remote spray. I want to add a built-in soap dispenser for sanitizing my hands. Can the stainless steel sink be drilled to create a hole for the soap dispenser? – Susan, Washington state A: Sounds like you have a four-hole double-bowl stainless steel sink. With this configuration it's common for the kitchen faucet to use three holes and the deck spray head to be installed in the remaining hole. The good news is in most cases, a stainless steel kitchen sink can be drilled with a special bit to create a fifth hole ... [Read More]

- Get professional advice for lighting your kitchen, bathroom, living room, office, patio and more No one lighting scheme will work for every room or area of your home. The lighting requirements for your kitchen, where you cook and prep food, is different than those for a bedroom, where you relax and sleep. Professional lighting designer has written Houzz articles covering lighting plans for 10 rooms and areas of a home and landscape. Check out this roundup and click on the story link below each one for complete lighting plans. 1. Kitchen Lighting Developing a layered lighting plan will help ... [Read More]

Source: houzz.com

- With COVID-19 forcing folks to hunker down over the past two months, kitchens around the country have become more than ever the heart of the home. They're the focal point not just for cooking meals but for school work, Zoom meetings and spillover offices, to name a few. The longer they have lingered in their kitchens, the more many families have begun giving serious consideration to upgrading this room at the hub of every home. An era of rampant job losses and eviscerated stock portfolios isn't usually a climate that sends folks rushing out to tackle ambitious renovations. Yet for some who ... [Read More]

Source: forbes.com

- Those hoping the coronavirus-fueled recession will bring another round of bargain-basement real estate prices are likely out of luck. Even with the pandemic raging, a battered economy, and the highest unemployment since the Great Depression, median home list prices still jumped up 3.1% year over year last week, according to the most recent realtor.com® data of the seven days ending May 23. That's about double the 1.5% annual rise from the previous week ending May 16. Last week, home prices increased in about three-quarters, 77, of the largest U.S. metropolitan areas. "There are still buyers ... [Read More]

Source: realtor.com