2 of 3 City-to-Town Movers Got a Bigger House and Lower Costs
Study: Home prices are rising rapidly, but two-thirds of city sellers who moved to a smaller metro traded up without spending more money.
Rising Prices Change Answer to “Should I Buy or Rent?”
Renters are traditionally told that it makes sense to buy if they’ll live in a home at least three years. But people who bought in 2017 are now sitting on a nest egg.
Study: High Flood-Risk Homes Sell for $50K More than Low-Risk Ones
Buyers care about a home’s flood risk more than they once did, but it doesn’t override the appeal of a beachfront or lakefront view. According to a study, high flood-risk homes sold for a record 13.6% premium in 2021’s first quarter, up from 1Q 2020’s 10.1% and 1Q 2019’s 7.2%.
When Will Buyers Again See Foreclosures Listed for Sale?
The question is simple – the answer not so much. CFPB (Consumer Financial Protection Bureau) wants to wait until 2022. A request for rule comments, however, received a range of suggestions. And as a practical matter, can lenders handle thousands of foreclosures all at once?
You Can’t Stop Storms but You Can Minimize Damage
After a hurricane, there’s nothing worse than homeowners’ sentences that start, “I should have …” An hour preparing now can minimize bigger troubles later.
Homeowners Want to List – but They Fear What Comes Next
Many owners would love to get top dollar for their home, but they weigh that perk against the downside – buying another home – and fears outweigh their desire to list.
Paint the Town Red. Or Blue. Or Any Color You Can Find
Summer remodelers and builders face another supply-line caused problem this summer: A paint shortage. Paint firms expect a temporary 6%-40% price increase.
Condo Q&A: Can We Hold a Special Election?
Also: Property insurance costs skyrocketed. Is it OK for the board to take out a loan from the roof reserve? And is a clubhouse bathroom upgrade a “material alteration”?
NAR: 5 Appraisal Topics Every Agent Should Know
When can agents talk to an appraiser? What can they say? What if an appraisal and purchase price don’t match? Realtors talked to appraisers at NAR’s recent meetings.
Think a Hacker Can’t Shut Down Your Computer? Think Again
A tech-challenged criminal can now buy software that shuts down any business’ operating system. Imagine the impact – then take concrete steps to keep your data safe.