Real estate pros often anxiously await for the spring selling season, a time known for an uptick in home sales. But will spring be as hot for the housing market this year as it has been in the past?Since the end of last year, home sales have slowed (a decline of 10 percent in December compared to a year prior), and properties have been sitting on the market for longer (46 days compared to 30 days a year ago).Nevertheless, Lawrence Yun, chief
Home staging is key to attracting home shoppers, and maybe even more so in an era where consumers are used to watching TV home-makeover shows, according to the newly released 2019 Profile of Home Staging report from the National Association of REALTORS®.Eighty-three percent of buyers’ agents say that staging a home makes it easier for buyers to visualize a property as their future home. More than half of sellers’ agents say th
Home shoppers are finding some of the lowest mortgage rates in more than a year.“Mortgage rates declined decisively this week amid various market reports, a strong bond auction, and further uncertainty around the Brexit deal, which all contributed to driving bond yields lower,” says Sam Khater, Freddie Mac’s chief economist. “At 4.31 percent, the average 30-year fixed mortgage rate is at its lowest since February of last year. While these
A pool could potentially boost a home’s sales price by nearly six figures in some locales, according to a new analysis by the real estate brokerage Redfin. In Los Angeles, for example, homes with pools sell for nearly $100,000 more than comparable homes without one.Swimming pools were found to be most valuable at resale in Los Angeles; Austin, Texas; and Orange County, Calif. All three of these metro areas saw pools add a premium of more than $
Painting a room can be one of the most budget-friendly ways to makeover a space. But some commonly held myths about choosing the right paint may prevent some homeowners from finding the truly perfect hue to enhance their space.Realtor.com® recently spoke with painting experts to address some of these common myths about painting a home. Some of those include:Dark paint colors make a room look small.In fact, it’s just the opposite in many cases,
Just how critical are pollinators to the success of a garden? Very, since butterflies, birds, bees, and bats all help maintain habitats. But pollinators are in danger, and that poses a major risk for everybody. One out of every three bites of food we consume is attributed to the help of pollinators. Honeybees usually get the greatest attention; their population has been on the decline since the late 1990s and one-third of our food supply depends
Some consumers may be holding back from homeownership due to a lack of financial knowledge. Sixteen percent of non-homeowners say they feel they would have difficulty qualifying for a mortgage due to a lack of financial knowledge. Thirteen percent say they do not know the first step in the process, according to the first quarter 2018 HOME report, produced by the National Association of REALTORS®.Embarking on a homeowning journey takes plenty of
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Live plants are being added into cabinetry and even directly into the kitchen island. At this year’s LivingKitchen, a trade show in Cologne, Germany, numerous manufacturers showed off the latest worldwide kitchen trend: more greenery near cooking spaces.Living plants are appearing on the back or tops of kitchen islands and peninsula cabinets. They’re also appearing as wall shelving, which include grow lights to keep them thriving even when tu
More consumers are buying their products online and then picking them up at a store. These “click-and-collect” buyers are helping to boost in-store sales, which could bode well for the commercial real estate market.More than 50 percent of adults use click-and-collect buying methods. In fact, 61 percent say they use it frequently (at least once per month), according to a new survey of about 1,000 consumers conducted by ICSC, a global resource&
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