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Case-Shiller: Pace of Home Price Growth ‘Not Alarming’

Home prices in the U.S. hiked to their highest level in more than two years in December, posting a 5.8 percent annual gain, according to the recently released S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Their pace, though substantial, is not “not alarming,” says David M. Blitzer, S&P Dow Jones Index Committee chairman and managing director. “Home prices continue to advance, with the national average rising faster than at any time in the last two-and-a-half years,” Blitzer says. “With all 20 cities seeing prices rise over the last year, questions ab... Read More

Existing-Home Sales Begin 2017 with a Bang

Existing-Home Sales Begin 2017 with a Bang Existing-home sales began 2017 with a bang, growing 3.3 percent and hitting a 10-year high in January, according to the National Association of REALTORS® (NAR). With the exception of the Midwest, every region saw gains, with total sales reaching 5.69 million—the fastest pace since February 2007. “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home,” says Lawrence Yun, NAR chief economist. ... Read More

Over Half of Housing Markets Hit Price Peaks

More than half of housing markets saw home sale prices peak at the end of 2016, according to the National Association of REALTORS®’ (NAR) recently released quarterly report, contributing to the best quarterly sales pace of the year. Eighty-nine percent of markets saw home prices increase in the fourth quarter, compared to 87 percent in the third quarter, with 17 percent experiencing double-digital increases. “Buyer interest stayed elevated in most areas thanks to mortgage rates under 4 percent for most of the year and the creation of 1.7 million new jobs edging the job market clo... Read More

What’s In Store for the Luxury Real Estate Market in 2017?

   Posted on  Feb 8 2017 - 4:14pm  by  Mikkie Mills Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York left buyers feeling choked out. Will the market improve in 2017? Experts have mixed feelings. "We have seen inventory come back at a steady pace, and buyer demand is strong enough that it will continue to keep the market moving as we go throu... Read More

Top 10 real estate tips for 2017

By Steve McLinden • Bankrate.com Sean Justice/Getty Images High demand and low interest rates drove housing sales in 2016, and 2017 is shaping up to be another good year, albeit with a few minor caveats. While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they're stabilizing in higher-priced areas. Prognosticators see the robust markets of Seattle, Portland and Denver as 2017's top performers, with 10 percent to 11 percent price growth. If mortgage rates rise modestly as expected in 2017, sales elsewhere ... Read More

Our Economist’s Top Tips for Selling a Home

If you’re planning to sell your house this year, well, you’re in luck. “The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory, and fierce competition between buyers,” says Jonathan Smoke, chief economist for realtor.com®. But you could still make missteps on the way to the bank. Yes, your house will likely sell, but when? Remember, time is money. “For sellers, it’s about understanding the ins and outs of their local market so they can optimize the price of their home and close quickly,” ... Read More

5 Things to do Before Putting Your Home on the Market

Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin. Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards ... Read More

Simple Tips for Better Home Showings

Remove clutter and clear off counters. Throw out stacks of newspapers and magazines and stow away most of your small decorative items. Put excess furniture in storage, and remove out-of-season clothing items that are cramping closet space. Don’t forget to clean out the garage, too. Wash your windows and screens. This will help get more light into the interior of the home. Keep everything extra clean. A clean house will make a strong first impression and send a message to buyers that the home has been well-cared for. Wash fingerprints from light switch plates, mop and wax floors, ... Read More

How to Get an Offer on Your Home

Price it right. Set a price at the lower end of your property’s realistic price range. Prepare for visitors. Get your house market ready at least two weeks before you begin showing it. Be flexible about showings. It’s often disruptive to have a house ready to show at the spur of the moment. But the more amenable you can be about letting people see your home, the sooner you’ll find a buyer. Anticipate the offers. Decide in advance what price and terms you’ll find acceptable. Don’t refuse to drop the price. If your home has been on the market for more than 30 days wit... Read More