The jump in home prices has prompted the cost of homeownership to outpace that of renting in more places across the country. The monthly costs of owning a home has increased by 14 percent over the past year—more than three times the 4 percent increase in monthly rental costs, according to a new analysis by […]
New mortgages are being approved with lower credit scores, and FHA loans appear to be leading the shift, according to studies by credit developer FICO and other entities. “As we get further away from the Great Recession, underwriting criteria seems to have eased, and a broader section of consumers are obtaining mortgages as a result,” […]
Santa Ana, Calif. – July 10, 2018 – Veros® Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services, and predictive analytics, has released its second quarter 2018 VeroFORECASTSM, which predicts that over the next 12 months residential market values will appreciate at a national average of +4.4%, a slightly higher rate than predicted in […]
RENO, Nev. (KOLO) 2017 was a sellers’ market in northern Nevada with home prices consistently on the rise. According to the Reno/Sparks Association of REALTORS (RSAR), the year started with median home prices just over $300,000 and ended with the median price around $365,000. Doug McIntye, President of RSAR, says affordability will continue to be […]
Wars are rarely a good thing. The costs nearly always outrun the benefits. A trade war is a war. A trade war looms. President Trump announced $50-billion worth of tariffs on Chinese imports late last week. Retaliation was inevitable. Hours after Trump’s announcement, China’s Finance Ministry issued a list of 545 product categories of U.S. […]
DAILY REAL ESTATE NEWS | THURSDAY, MAY 24, 2018 Home buyers are willing to make extreme sacrifices and even give up some basic rights to get a chance at homeownership or help with their down payment, a new survey shows. In exchange for a 10 percent down payment, would-be buyers said they’d forgo their dream […]
Purchasing a home is one of the largest financial commitments you’ll ever make, and it’s understandable to want to protect your investment throughout the purchase process. When you’re ready to make an offer on a home, adding a contingency to your contract can give you time to assess the property and feel confident that it […]
A strong housing market isn’t necessarily all good news for sellers. As evidenced by Remodeling magazine’s newly-released Cost vs. Value Report for 2018, average return on investment (ROI) for home improvement projects dipped across the board, with “upscale” projects taking the biggest hit. The report, which measures the average cost of 21 popular remodeling projects […]
It’s a simple law of Nevada economics: When folks are working, they buy houses. And when they’re making good money, they buy better houses. Those economics are driving stronger residential sales and construction across the state, and executives see little reason for worry about the continued health of the residential sector. Employers added 37,700 positions […]
By Cary Teller Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are 10 of the most expensive mistakes you could be making in your home. 1. Using Traditional Light bulbs If you still have incandescent light bulbs in your home, you could be throwing a […]
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