2018 Housing Basics: It’s All About Inventory
Inventory will be the major factor shaping the 2018 housing market, but that’s nothing new. For the third year in a row, the nationwide inventory shortage is likely to continue to hinder sales and increase prices. We expect small increases in inventory at the high-end of the market by year-end. Starter-home inventory has not increased meaningfully since 2011, and we don’t expect it to increase at all next year. Exacerbating the problem is high rents and vacation home rental platforms that make it both easy and lucrative to own more than one home.
Prediction #1: Homebuyers Will Leave High-Tax States
If state and local tax (SALT) deductions are eliminated in high-tax states like California, New York,…
Five Las Vegas Valley communities cracked the top 50 nationally for new-home sales last year, new reports show.
Leading the pack locally was Summerlin, where builders sold 1,052 homes, up 37 percent from 2016, according to separate reports this week from two firms, RCLCO and John Burns Real Estate Consulting.
Summerlin’s sales tally was fourth-highest in the country among U.S. master-planned communities, the firms reported.
Buyers also picked up 837 new homes in Inspirada, up 48 percent and No. 8 in the country, their reports said.
According to the firms, builders sold 456 homes in Cadence, up 36 percent; 345 in Mountain’s Edge; and 315 in Skye Canyon.
Some data differed slightly. According to RCLCO, Cadence was 22nd nationally…
By: Conor Sen
January 3, 2018, 8:00 AM PST
Catch the attention of other sellers for outstanding work with homes that move quickly.
If you are working with homeowners who are considering selling their home this winter, you may want to help them identify the renovation areas where they’ll get the best return for their dollar.
This way, you’ll add a bit of extra panache to being an awesome real estate agent and expand your reputation as the go-to agent to sell homes during any season.
Here are seven sure-fire ways to boost the value of a home in the winter:
Upgrade the bathroom
This is the improvement that every homebuyer treasures. A complete renovation is often not required. There are several relatively inexpensive ways to upgrade the bathroom.
Homeowners can replace…
The New Year has arrived, and if you’re looking for a house, you might be down to the wire. Should you go all in and purchase now or wait until the spring?
There are multiple things to consider before purchasing a house; location, square footage and style are just three of the many factors. Whether or not to buy a home during the winter or wait until the spring is something to consider, as well.
Here are six reasons why it might be beneficial to buy before the flowers start to bloom.
You Face Less Competition in the Winter
Most Americans look for houses in the spring and buy in the summer. Approximately 50 percent of all homes are sold during the summer months. Why? Well, many people prefer to close on a home purchase and…
For many homeowners, home security is a big part of their daily lives. Who doesn’t want to live in a safe and secure home? However, over the past recent years, the face of home security has changed quite a bit, to the point where some homeowners might feel like they don’t have a grasp on it anymore. Truth be told, there is no need to fret.
Today, we’ll take a look at some timely home security add-ons that homeowners can use to spruce up their modern homes, without sacrificing any aspect of their security.
Door locks are a staple of home security and for good reason. They allow authorized individuals to come and go as they please, while simultaneously working to keep unauthorized persons at bay. It is one of the reasons
One of the most challenging aspects of the home-buying process is getting access to financing. Securing a loan can be even more difficult when you’re planning to build a house from the ground up instead of getting a mortgage to purchase an existing property.
If you’re building instead of buying the home of your dreams, here are some things that you’ll need to keep in mind.
1. You’ll Need a Construction Loan
Conventional mortgage loans are issued when there’s a tangible asset that can be used as collateral. If you fall behind on your mortgage payments, the bank can take the house you purchased and sell it to recoup the cost of their investment.
When you’re building a house, on the other hand, the home doesn’t physically exist. So you’ll need to…
The relationship you have with your real estate agent can set the tone for the entire home buying process. Your agent is supposed to help you find a property you can afford and work with the seller to negotiate the details of the purchase. But problems could arise if you’re on different wavelengths. If you want everything to run smoothly, here are five bad habits to steer clear of.
1. Being Too Nit Picky
Buying a home is a big financial commitment. And even if you want to get the best possible deal, you’ll need to pick your battles. If you’re trying to force the seller to agree to a minor contingency, you could lose sight of the big picture. And you could eventually lose the home you want altogether if the seller decides to find a buyer who’s less…