Tagged : housing

Found 5 blog entries tagged as "housing".

 

In 2021, existing-home sales rose 8.5% during 2020, the highest level since 2006 as supplies of homes for sale fell to an all-time low of 910,000, equivalent to 1.8 months of available inventory.

In December 2021, housing sales declined 7.1% over December 2020. The National Association of REALTORS (NAR) explained that the dip was likely due to supply constraints over decreasing demand from homebuyers. Employment in December rose by nearly 200,000 and the unemployment rate was 3.9%. Also favoring homebuyers, salaries rose 4.7% year-over-year, even while those gains were countered by the highest rate of inflation since 1982, a 7% increase from 2020.

The cost of housing, including owner-occupied and rented homes, rose 4.1%, the fastest rate

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Whether you plan to buy a single-family home, condo, or townhouse, buying in a
new development can cause years of issues if you don’t choose a property with a
solid, reputable home builder.

It’s exciting to consider buying new construction, a brand-new home suited to
your specific needs and taste. Yet unlike the resale homes, there are no previous
owners to provide disclosures detailing issues with construction, lot, or property.
In this case, one is relying on the builder to provide a high-quality home in both
construction and materials.

As with any home purchase, doing your homework ahead of time can save you
thousands of dollars over the long run. Start by researching the builder of the
subdivision. Check for other projects, both current and past.

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The strong seller’s market has prompted homeowners across the country to consider selling their homes. What if your property is a rental unit with tenants in place? Can you still sell and take advantage of the rising home values? Yes, by understanding the steps and following a few tips, you maximize your profit in this strong market.

The first step in selling your home with tenants in place is to understand your rights and responsibilities. The kind of lease you hold will determine if you can simply give notice to the tenants or if the new owners will buy the home with a lease in place. Only month-to-month leases can be terminated unilaterally with proper notice.

Next, meet with the tenants and discuss the situation. Explain your reasons for

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Build Wealth with a Less Expensive Home

Here’s a case for buying a less expensive home than you secretly want.

According to the U.S. Bureau of Labor Statistics, the average American spends approximately 37% of his or her income on housing. Notably, the top 20 percentile earners spend only 29.9% of their income, while the bottom 20% pay 39.9%. So what do high earners know that you don’t know?

If you have a little less money invested in housing, you’ll have more money to do other things, like: 

  • Invest more in your 401K or Roth IRAs.
  • Pay extra on your mortgage so one day you’ll be mortgage-free.
  • Save money to buy another property. Rent out the first home for passive
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HOMEBUYERS’ ADVICE | Loving the Ranch-style Home

All housing reflects the culture and the economics of their day, and the ranch-style home of the ‘50s, ‘60s, and ‘70s is a symbol of post-World War II prosperity and an icon of the space age.

The mid-century saw the first real sprawl in communities away from town centers, made accessible by the increasingly affordable family car aided by President Eisenhower’s new highways. Land was plentiful, so most of these single-story or split-level homes are situated on comparatively large lots, with kid-friendly front and back yards.

These homes were designed as machines for living, with streamlined designs of the space age. Ranch homes were easy and quick to build, and a snap to remodel, as most

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