General News - Real Estate, Updates, News & Tips

5 Reasons this isn’t a Repeat of the 2008 Housing Crash

NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Many homeowners are still haunted by the 2008 housing crash when property values collapsed and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a housing crash in the next year, according to a new surv

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Mortgage Rates Drop as Inflation Eases Even More

Economic news this week spelled better news for home buyers who are shopping for a mortgage, even after the Federal Reserve’s latest rate hike. Mortgage rates continued to dial back this week as new economic data showed inflation is further cooling off. Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.31% this week. Rates have been decreasing ever since hitting a high of 7.08% last month.The decreasing rates are mak

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Home Flipping Profits Drop at the Fastest Pace in Over a Decade

As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from the second quarter and down 11.4% year-over-year. It represents the smallest profit since the end of 2019 and t

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Modern Smart Home Must-Haves in the Multifamily Space

Smart home tech isn’t just for the single-family home. These systems and devices can improve property management, reduce cost and emissions and enhance the tenant experience. Smart home tech in multifamily communities is quickly becoming a must-have for today’s discerning renter, and with good reason. The right technology can play a significant role in improving residents’ experiences and enhancing the ease of operations for onsite staff. B

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Celebrating 10 Years!!!!

It has been a decade! A full 10 years of striving to provide better real estate services and lifestyles for everyone in our grasp. We thank every one of our loyal members and look forward to continuing our relationship on even more prosperous grounds. And we also thank each and every individual that has put their faith into our members and worked with us to get your own dreams fulfilled. With over $300 million in sales in over 1K transactions, sa

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Favorite Interior Design Trend by Decade

The latest home design fads often are inspired by the past. Find out the trends from years ago that are among consumers’ favorites.

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Charts to Make Sense of the Crazy US Housing Market

Media headlines focusing on a pending US housing market crash are based on limited data that's skewed by the outsized 2021 numbers New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.This post has been republished with permission from Mike De

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A Holiday Gift to Home Buyers, Lower Mortgage Rates

Over the last four weeks, borrowing costs have posted their largest decline since 2008. If all your buyers want for Christmas is a lower mortgage rate—they may just get it.The 30-year fixed-rate mortgage averaged 6.33% this week, according to Freddie Mac, dropping for the fourth consecutive week after hitting a high of 7.08%. Mortgage rates are falling due to increasing concerns about lackluster economic growth, says Freddie Mac Chief Economist

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Simple Decorative Tips that can Boost the Appeal of your Home

Home staging companies prepare homes for potential buyers, and according to the National Association of Realtors, you will pay top dollar for their services. Some real estate agents also provide advice and staging services, but you might prefer to handle the details yourself. It's important to understand the difference between repairs and upgrades, though. As Opendoor puts it, repairs like replacing a broken water heater are necessary rather

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Is the Real Estate Market Slowing Down Due to Mortgage Rates?

Over the past year, rising inflation and the Fed boosting interest rates in response have caused turmoil in the housing market. Little more than a year ago, mortgage rates were near record lows. Now, they are around 7%, two to three times higher.While some markets have seen housing prices fall in response, in most cases, the drop hasn’t been sufficient to keep mortgage payments for new purchases similar. All of this has resulted in higher housi

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