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Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia
Source: Redfin --- The typical high-fire-risk home sold for $550,500 in April, while the typical low-risk home sold for $431,300. That’s the biggest premium since at least 2017. The median sale price of high-risk homes jumped 52% during the pandemic, while the median...
REIMAGINING REAL ESTATE TECHNOLOGY
Source: RisMedia --- There’s a lot of noise in the real estate technology space today, and tech fatigue is running rampant as brokerages continue to chase the next shiny object and throw significant sums of money at tools that don’t play nicely with one another. A...
How a Home Purchase Boosts Consumer Spending
Source: NAHB --- Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based...
Why You Need an Expert To Determine the Right Price for Your House
Source: Keeping Current Matters --- If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your...
Housing Inventory June 6th Update: Inventory UP 13.9% Year-over-year
Source: Calculated Risk --- Altos reports inventory is up 13.9% year-over-year. Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 56% since then. As of June 3rd,...
Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
Source: NBC News--- While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31...
Chop, Chop! 5 Lovely Log Cabins Up for Sale Right Now
Source: Realtor --- Rustic, woodsy, the stuff of American lore: Yup, we’re describing the simple yet solid log cabin. With summer upon us, it’s no wonder we’re thinking about a rustic residence for an easy escape. These charming abodes are often found in secluded...
Why Home Loans Today Aren’t What They Were in the Past
Source: Keeping Current Matters --- In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns. Several times a year, the Mortgage...
How Homeownership Impacts You
Source: Keeping Current Matters --- June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community,...
These Real-Life Horror Stories of Buyers Waiving Home Inspections Will Make You Think Twice
Source: Realtor --- The real estate market might be showing signs it’s cooling off, but 1 in 4 buyers is still choosing to waive a home inspection, according to the latest numbers from the National Association of Realtors®. It has become a common tactic lately. In...
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