Sunday, January 10, 2021 / by Teresa Dipeso
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.
Lawrence Yun, Chief Economist, National Association of Realtors (NAR)
“In 2021, I think rates will be similar or modestly higher, maybe 3%…So, mortgage rates will continue to be historically favorable.”
Danielle Hale, Chief Economist, realtor.com
“We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.”
Robert Dietz, Senior Vice President and Chief Economist, National Association of Home Builders (NAHB)
“With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth r ...
Saturday, January 9, 2021 / by Teresa Dipeso
Frozen or burst pipes during the cold weather months can be one of the most costly maintenance issues you'll face as a property owner. A burst pipe suddenly flooding your kitchen can quickly become an out-of-hand emergency that could cost you thousands of dollars in damage. A quick and accurate response is key to resolving the issue and mitigating both damage to your property and your out-of-pocket cost.
Steps to Take Ahead of Time
If you own property in an area that experiences cold weather, you need to be aware of seasonal maintenance tasks that will help you protect your property as the weather changes each year. One of the most important steps is to winterize your pipes to ensure they won't freeze or burst when the temperature drops. This includes action items like insulating any exposed pipes, detaching garden hoses and covering outdoor faucets. If the weather gets cold enough, you may even consider leaving a faucet dripping or opening cabinet doors during the coldest parts of t ...
Thursday, January 7, 2021 / by Teresa Dipeso
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There are many questions homeowners ask themselves during the selling process. "How much will my home sell for?" "How much should I list my home for?" "Who should I select as a real estate agent to sell my home?" "What if the real estate agent overprices my home?" Last but not least, "Is this a good time to be selling a home?" is also a very common question that real estate agents are asked.
As with every decision in life, there are pros and cons, and choosing when to sell a home is no different.
There are many factors that need to be taken into consideration before deciding when to sell a home. Many homeowners believe selling a home during the fall or winter months is not a good idea and that the spring is the only time a house should be sold. This is the furthest from the truth. Certainly most real estate markets across t ...
Wednesday, January 6, 2021 / by Teresa Dipeso
A much-repeated investment strategy is to buy low and sell high. Some people who purchased around the financial crisis of 2010-2012 are poised to make considerable profits.
The median home price in America is now $295,300 up from $155,600 in February 2012 which calculates close to an 8% annual increase. The median equity that homeowners have earned during the same period is $140,000.
Inventory is in short supply while demand is high which has caused prices to increase. Factors that continue to contribute to the lower number of homes on the market are record low mortgage rates and housing starts have not met expectations since the Great Recession. This year, people spending more time at home due to the pandemic has caused some people to rethink their current living space which has added to the demand.
Some experts believe that a significant portion of the workforce will continue to work from home after the pandemic has passed ma ...
Sunday, January 3, 2021 / by Teresa Dipeso
If you’re anything like us, you’re feeling more than ready to finally be done with 2020 and dive into 2021. And one of the best ways to ring in the new year with (besides Champagne) is a fresh look and new decor.
That's why we're back this week with five of the hottest looks on Instagram that will transform your space, this time with an eye on the bathroom. After all, what better place to get a fresh start than in the place where we're all scrubbing away the stress of 2020?
So what are you waiting for? After such a tough year, it's time to turn your bland bathroom into the spa oasis you deserve. If you're ready to take on 2021, here are five styles to help you do it.
1. Retro green tile
We’re seeing a resurgence of retro styles, and this fresh green look from @mandarinstoneofficial is no exception.
“Green is the new neutral, and with wonderful benefits,” says Michelle Harrison-McAllister of Michelle ...