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Are Mobile & Manufactured Homes Real or Personal Property?
The difference between mobile and manufactured homes is the date they were built. According to HUD, mobile homes were factory-built before June 15, 1976, and manufactured homes were built after that date. Continue Reading Are Mobile & Manufactured Homes Real or Personal Property?
How Homeownership Can Help Shield You from Inflation
Source: Keeping Current Matters --- If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can...
Real Estate’s Most Up-and-Coming Markets in Spring 2022 Will Surprise You—Especially No. 1
Source: Realtor --- Small cities are making big gains this spring with homebuyers. Case in point, Rapid City, SD—a tiny metro known better for Mt. Rushmore than as a real estate hotbed—premiered at No. 1 on the latest quarterly Wall Street Journal/Realtor.com®...
Home Seller Horror Stories: What Owners Learned From A Hot Housing Market
Source: Forbes --- Aaron Farmer, a Realtor at Texas Discount Realty, saw last winter as a perfect time to list a property, with prices at an all-time high and bidding wars fetching offers far above asking prices. Little did he know what he was in for. Farmer listed a...
In Welcome News for U.S. Home Buyers, Bidding Wars Are Showing Signs of Easing
Source: Masion Global --- With mortgage rates rising, U.S. home buyers experienced less competition in March, after months of cut-throat bidding wars. In March, 65% of home buyers faced competing offers as opposed to 66.7% in February, according to a Redfin report...
Homeowner groups seek to stop investors from buying houses to rent
Source: Fox Business --- Small groups of neighborhood volunteers are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of suburban housing. These groups, called homeowner associations, spend much of...
Americans Are Buying Smaller Homes as Prices Skyrocket
Source: Redfin --- Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was 1,720 square feet, down 1.8% from 1,751 square feet the same time last year and roughly the same size as the...
Higher rates may prompt homeowners to stay put, but how will that impact inventory?
Source: Realty Biz New --- The thinking is that homeowners who’re locked into their current low mortgage rate are incentivized to stay where they are. Indeed, some are currently enjoying ultra-low rates of less than 3%, so to move now would mean a big bump in their...
Local real estate agent has tips for prospective homebuyers in volatile market
Source: Bronx News --- Local real estate agent, Christine Finch Oleynick of Keller Williams Prestige Properties, says the price of Connecticut homes and mortgages rates is continuing to go up with no sign of stopping -- at least for another year, but there are ways to...
What home prices will look like in 2023, according to Zillow’s revised downward forecast
Source: Fortune --- There's no doubt about it: Soaring mortgage rates are an economic shock to the U.S. housing market. Over the past month alone, the average 30-year fixed mortgage rate has spiked from 3.11% to 5.11%. It's both pricing out some stretched homebuyers...
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