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Real Estate News

- Top Ideabooks Top Ideabooks Top Ideabooks Wondering if it’s time to hire a professional organizer? This pro is trained to set up spaces that function smoothly and efficiently, eliminate clutter, create filing systems and teach you processes and solutions you can rely on to stay on track after he or she leaves. If you are going through a major life transition that’s left your home in disarray, have a big move in your future or are simply overwhelmed by clutter, a professional organizer could provide the help you need to create a more peaceful, spacious home. Here are 10 times it makes ... [Read More]

Source: houzz.com

- Several closely watched mortgage rates ticked up today. The average rates on 30-year fixed and 15-year fixed mortgages both increased. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, also advanced. Mortgage rates are constantly changing, but overall, they are very low by historical standards. If you’re in the market for a mortgage, it may make sense to go ahead and lock if you see a rate you like. Just make sure you shop around first. Compare mortgage rates in your area now . 30-year fixed mortgages The average rate for a 30-year ... [Read More]

Source: bankrate.com

- Punxsutawney Phil promised an early spring, and as those first rays of sunshine begin to filter through the dark clouds, it’s more than natural to start thinking about spring weather. Now is the perfect time to start any spring maintenance for your rental properties to ensure that you’ve accomplished all those important tasks before spring fever truly hits. Complete these must-do spring to ready your property to ensure your rental is ready As your tenants gather outside more frequently to enjoy the sunshine, and as those spring blooms come calling. Annual Property Maintenance To-Dos: HAVE ... [Read More]

- The 2020 real estate investor is lucky. He/she has so many options when it comes to investing in real estate. From investing in rental properties to participating in real estate crowdfunding , there are so many lucrative paths one can take this year.  But what is the best way to invest in real estate right now? The answer is simply rental property . Why is rental property a good investment in the US housing market 2020? Well, there are actually 6 reasons why. And I’m sure they will convince you to get started investing in real estate rentals this year. So I went ahead and included a quick ... [Read More]

- Veterans or active duty personnel looking for a home have the option of using a VA loan for financing. These types of mortgages, which are guaranteed by the federal government and available through lenders around the U.S., tend to offer attractive fixed-rate loans with no (or little) money down. Understanding how a VA loan works and how to get one can help borrowers unlock the loan program’s unique benefits. Let’s take a look at the steps to getting a VA loan. How does VA a loan work? VA loans are funded by private lenders but they’re partially backed by the Department of Veterans ... [Read More]

Source: bankrate.com

- Key Points Overall remodeling returns are shrinking. The cost-to-value ratio for 2020 stands at 63.7%, down from last year and below the last decade's high of just over 71%, according to an annual report from Remodeling Magazine. Nine out of the top 10 leading investments are outside. Manufactured stone veneer leads all renovations with a nearly 97% return on investment in resale value. A home improvement contractor works on a house in Cambridge, Massachusetts. Americans are moving much less frequently. Mobility is actually at a record low, and that is fueling strong growth in the home ... [Read More]

Source: cnbc.com

- The Refinance Index climbs to the highest level since 2013 Typically, spring homebuying season starts in earnest as the calendar ticks toward March, but homebuyers are seemingly getting an earlier start this year, perhaps driven into the market by low mortgage rates. Now, a new report from the Mortgage Bankers Association shows that spring homebuying season officially began in January this year. According to the MBA, January 2020 was the strongest January for purchase mortgage applications in 11 years. Applying for a mortgage is considered the first official step in the homebuying process, so ... [Read More]

- In a divorce, the marital home is often one of the most valuable marital assets that the parties have. Typically, the parties also have a mortgage on the marital home with a balance due and owing. To resolve a divorce with a martial home, there are typically three possibilities in terms of what happens with the marital home. Either the husband retains the home, the wife retains the home or the parties sell it . In the first two scenarios, the mortgage balance is still due and owing. If the marital home was bought during the marriage, the likelihood is both husband and wife are listed as ... [Read More]

Source: jdsupra.com

- NAR’s home affordability index shows first-time buyers now have enough income for entry-level purchase A three-year low in mortgage rates is making it easier for Americans to afford homes even as property prices increase, according to a report Wednesday from the National Association of Realtors . An index measuring home affordability for first-time buyers rose to 107.3 from 96.3 a year earlier. A reading of 100 means the household median income is exactly enough to buy the median-price starter home. A broader index that measures the overall market, not just entry-level buyers, rose to 162.9 ... [Read More]

- Home prices climbed 6.6% annually to $274,900 in the fourth quarter of 2019 The national median existing single-family home price climbed 6.6% annually to $274,900 in the fourth quarter of 2019, according to the  National Association of Realtors . During the quarter, home prices increased in 94% of measured markets, equating to 170 out of 180 metropolitan areas. This is up from the 93% share seen in the third quarter of 2019.  As housing inventory continues to dwindle , more and more homebuyers are facing affordability challenges due to rising home price appreciation, said NAR Chief ... [Read More]

- Top Ideabooks Top Ideabooks Top Ideabooks These Los Angeles homeowners didn’t want your standard all-white kitchen. Instead they wanted a cheerful, colorful space that would mix vintage character with modern amenities. Utilizing the original floor plan, designer Alison Glen added bold new cement flooring, new cabinetry with retro hardware, new countertops and a new backsplash; updated a built-in breakfast banquette; and worked in vintage accessories to create a timeless look. The original wood flooring used to run from the adjacent dining room into the kitchen, but the years, and the ... [Read More]

Source: houzz.com

- Top Ideabooks Top Ideabooks Top Ideabooks The existing bathroom was even smaller than the remodeled version’s 55 square feet. The project included adding a small laundry room, a powder room and some closet space in a small addition. Carter was able to borrow space from the bedroom closet and a hall linen closet to create cabinets for storage. Carter homed in on her clients’ style by observing things around the house, including a great art collection and the cool little vintage finds the wife loves to collect. She culled through the artwork and found this colorful piece for the bathroom. ... [Read More]

Source: houzz.com