The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article, John Taylor, CEO of the National…
Some Highlights: The median price of a newly constructed home is currently $292,700. Sales are up 5.7% month-over-month and 21.6% year-over-year. Many buyers are looking to new homes as an option due to the lack of inventory of existing homes for sale.
CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of CoreLogic, reported: “For much of the country, the negative equity…
If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right…
The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less than 60…
The ancient design philosophy of feng shui is gaining more traction in real estate as the number of Chinese home buyers are taking a bigger liking to U.S. real estate. Eighty-six percent of Chinese Americans believe feng shui will play a role in a future home buying decision, according to a newly released survey of…
Men have their man caves, but how about a space just for females? Welcome, the “she shed.”These backyard retreats are becoming the latest buzzword in interior design — emerging as the perfectly carved out haven for the woman of the household who seeks a quiet place of her own. Women are transforming old backyard sheds…
Fall is a good time to take care of big home repair projects before shorter days (and in many areas, ice and snow) make outdoor work too difficult. And if you do live in an area with cold winters, take some time this fall to boost energy efficiency throughout your home, and prevent damage from…
While not as loud as the previously featured bold orange colors, these reds still provide a healthy dose of drama on the exterior of a home, and they’re appropriate for a variety of architectural styles and geographical regions. Read on to see six stunning examples of rich red-hued homes, along with a sampling of paint…
Some Highlights: Every time a home is sold, the surrounding economy feels a boost. Different industries and businesses benefit at each stage of the process of moving into a home! Hawaii leads the way with a $177,000 boost to the local economy.
Sold On Maui Real Estate Blog 