The share of homes selling at or above list price has returned to levels comparable with the early 2000s, according to a new analysis from CoreLogic, a real estate data firm.Annual home price growth began to slow in the third quarter of 2018. As such, the share of home buyers able to negotiate a better price began to rise.In the second quarter of 2018, the share of homes selling at or above list price peaked at 43% of total sales, which is
Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market. Don’t expect another “real estate fire sale” if the economy heads into another recession, economists say.“This is going to be a much shorter recession than the last one,” George Ratiu, senior economist with realtor.com®, notes in a recent article at the site. “I don’t think the next rec
Mobile devices are what buyers turn to for finding properties and connecting with real estate agents. This has put increasing importance on real estate pros to make sure their websites are mobile friendly and that they’re connecting in a way that clients most desire.The typical home buyer used a mobile device to search for properties online, looking at websites with photos, home listings, and information about the homebuying proc
The lower price of a fixer-upper and the added resale value after a remodel can be alluring to some home buyers. For example, the average price of a fixer-upper home on the TV show “Fixer Upper,” based in Waco, Texas, is $178,449, with the average resale value being $297,488.But a new study from the remodeling site Porch.com, based on a survey of more than 1,000 homeowners, shows that the majority of fixer-upper homeowners who thoug
From water damage cover-ups to dismissing small foundation cracks, homeowners may be trying to hide certain household issues. But a little routine maintenance can help prevent some situations from becoming bigger issues.Home inspectors recently chimed in on Apartment Therapy with the most prevalent maintenance mistakes they see in properties all of the time, including:1. Painting over water damage.A fresh coat of paint can help work wonders in a
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Sales of newly built single-family homes dipped 12.8% in July, but homebuilders aren’t looking at the nosedive as bad news. So far this year, new-home sales are up 4.3% over last year, and builders say that’s progress. “Builder confidence continues to trend upward as lower interest rates provide for more favorable buying conditions,” says Greg Ugalde, chairman of the National Association of Home Builders.New-home sales dropped to a season
A meadow-inspired green is paint firm Behr’s top pick for the 2020 Color of the Year. Color forecasters expect the hue, called “Back to Nature,” to surface in more home interiors over the next year to bring a sense of the outdoors to the indoors.“As we look ahead to a new decade, Back To Nature encourages us to reengage with the natural world, which we know can have a real, positive impact on our well-being,” says Erika Woelfel, vice pr
The number of single-family rentals is growing, and landlords continue to accrue high profits from their investments. Single-family rents rose 2.9% year over year in June, according to CoreLogic’s Single-Family Rent Index, which measures rent changes among single-family rental homes, including condos.Phoenix continues to outpace many other large metros for single-family rent increases. Year-over-year rent growth in its single-family rental mark
The 30-year fixed-rate mortgage averaged 3.55% this week, the lowest average since November 2016, Freddie Mac reports. The lower mortgage rates are boding well for the housing market.“The drop in mortgage rates continues to stimulate the real estate market and the economy,” says Sam Khater, Freddie Mac’s chief economist. “Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months,
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