More home buyers are being tempted onto the market by the incredibly low mortgage rates being offered, but they’re becoming increasingly frustrated at the limited choice of homes for sale. The combination of an unseasonable surge in buyer demand and reduced housing inventories, there simply aren’t enough homes to satisfy everyone who’s looking, CNBC reported. […]
Home buyers struggle with growing housing inventory shortages
October 11, 2019 by Leave a Comment
More buyers are being tempted by the lower mortgage rates on offer this fall, but the rapidly shrinking inventory of affordable homes for sale means that few are able to find something suitable to buy, claims a new report from realtor.com. The result is more intense competition between first-time buyers and move-up buyers. Housing inventories […]
Your Definitive Guide to Naples Real Estate
October 10, 2019 by Leave a Comment
As one of the premier Gulf Coast communities in Florida, Naples is one of the most affluent and attractive cities in the United States. With a population of more than 21,000 permanent residents, this city balloons to nearly twice that when you take snowbird populations and annual tourism into account. All of this, plus more, […]
Hispanic homeownership rate is fastest growing in the U.S.
October 9, 2019 by
Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to compound a disparity throughout the past 12 decades. The typical Latin household in the U.S. […]
Arizona encourages home buyers to chip in on affordable housing
October 7, 2019 by
Real estate agents and home builders in Arizona are being asked to encourage new buyers to donate $25 upon closing to a new fund that’s been setup to combat homelessness in the state. The Arizona Housing Fund is the brainchild of one Howard Epstein, a board member of nonprofit group Arizona Housing Inc. “Too many […]
Should You Buy a New or Older Home?
October 5, 2019 by
Purchasing a home is a major decision. Therefore, you’ll want to conduct careful research to ensure you find the perfect property for your needs. Before you can begin looking at local listings, it’s important to have an idea of what you desire in a home. One of the first decisions you’ll have to make is […]
Medical and student debt handicapping Americans’ housing hopes
October 2, 2019 by
Aspiring home buyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying. That’s according to the 4th annual Zillow Group Report on Consumer Housing Trends, released today. Personal debt – particularly credit card, student loan and medical – tremendously impacts […]
More baby boomers opt to “smart size” rather than downsize
September 27, 2019 by
A growing number of baby boomers are finding that it simply won’t do to downsize once their children flee the nest, and are instead choosing to “smart size” according to their needs, The Washington Post reported this week. “Older home buyers today are ‘smart-sizing’ rather than just downsizing,” Mollie Carmichael, a principal with the housing […]
First Steps in becoming a Homeowner
September 20, 2019 by
Housing costs continue to rise, squeezing renters and homeowners alike, but owning real property is one of the most important long-term investments a person can make. Unlike cars and other high-dollar purchases, real estate generally tends to appreciate over time, though the market is cyclical and can suffer periodically during economic downturns. Having a mortgage […]
Will Adding a Pool Increase Your Home’s Property Value?
September 14, 2019 by
When we decide to invest in home renovations, our main goal may be to make a property more functional our family or more in-keeping with our personal preferences. But it’s also important to consider whether these changes will actually add tangible value to the home itself. For example, a recent Zillow analysis revealed that homes […]
