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It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country. News website The Atlantic summarized the sizzling home…
What we know: ✔ The COVID-19 pandemic is causing an economic slowdown. ✔ The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. ✔ All things considered, an economic slowdown does not equal a housing crisis, and this will not…
The key trends in the 2020 COST VS VALUE Report shows a predictable increase in costs for 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale. This slight downturn on the return on investment is relative to the trends seen this year’s report from…
It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is trickier. As a seller, knowing your home’s worth helps you price it correctly when you put it up for sale. If you price it…
Owning a home is a keystone of wealth… both financial affluence and emotional security.