Fall May Be Best Time for Buyers to Move

A slower fall season in home buying may help more lingering home buyers to jump in. Prices are easing somewhat. For the second month in a row, the median price of an existing home dropped. It reached $253,500 in August, after reaching a record high of $263,300 in June, according to the latest data … [Read more...]

What ‘Great Bones’ Really Means

“This house has great bones.” As a real estate professional, you’ve heard the phrase countless times. You’ve probably even uttered it more than once. But what do we really mean when we say a house has great bones? It’s a feature that all buyers want, but few can define. Understanding how … [Read more...]

3 Remodeling Mistakes That Hurt Resale Values

“Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” says Scott Robinson, president of the Appraisal Institute. “If the improvements don’t match what’s standard in a community, they’ll be considered excessive.” … [Read more...]

Farm Life in the ’Burbs Is a Hot Commodity

More people are looking to experience farm life without buying an entire farm. That has prompted an emerging type of community that is catching on from coast to coast centered around food production, dubbed “agrihoods.” See examples of agrihoods all across the country. Suburban agrihoods … [Read more...]

Homeownership Rate Rebounds from 50-Year Low

The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing. The ownership rate posted an increase in the second quarter, reversing a sharp downward trend that begun in the Great Recession. The homeownership rate was 63.7 percent in the … [Read more...]

What Is an Energy Audit? Learn How Energy-Efficient Your Home Is

BanksPhotos/iStock You've heard it before: Turning off the lights, closing the windows, and not taking 40-minute showers are all little ways to save energy in your home. But what if there was a way to determine which energy-saving solutions will pay off based on the configuration of your … [Read more...]

Owners Tackle More Remodels as Equity Rises

Spending on repairs and home improvement continues to grow at a stable rate as homeowners feel more confident about starting projects as their home values increase. That said, an annual increase in remodeling expenditures may soften somewhat in the coming months, but will likely remain at or … [Read more...]

The Best Paint Color to Sell a Home

Lure potential buyers with a simple and clean palette. Shades of white and off-white are the top colors for a quick home sale, Jody Finglas of Finglas Painting in Ossining, N.Y., told USA Today. Watch Out: The All-White Room Trap “White is the foundation that anchors the home,” adds Friley … [Read more...]

Starting With A Selling Price Too High, Might Think Twice

Starting out with a high sales price and dropping it later, isn’t a recommended practice because your house becomes [old news]. Recapturing that burst of opening activity you would have had with a realistic price is lost, so your house could take much longer to sell. Even if you were successful … [Read more...]

New Home Inventory

[Read more...]