anyone else like as much as i do

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anyone else  like   as much as i do

Add Some Bling to Your Decor

Rich metal accents are helping home design shine.
February 10, 2020

Two-thirds of couples argue over buying and selling a home

  Posted in Residential on

  by admin

https://realtybiznews.com/two-thirds-of-couples-argue-over-buying-and-selling-a-home/98757601/

Buying or selling a home can signal the beginning of a new phase in a couple’s life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A
vast majority of Americans (77 percent) who have gone through the
home buying process with a significant other in the past decade say
they argued over the home buying process. Nearly as many Americans
(71 percent) who have sold a home with a significant other in the
past decade say they argued over the home selling process, suggesting
those two life events may take a toll on relationships.

Beefing Over Buying

Of
those who argued with their significant other over the home buying
process, most (54 percent) disagreed over the size or style of home
to buy, and nearly half (47 percent) disagreed over a home’s
must-have features or deal breakers.

Other
conflicts surfaced over the location or neighborhood to buy in (42
percent argued over this), the budget (37 percent) and whether to buy
a fixer-upper (29 percent).

Nearly
a quarter of couples who argued over the home buying process were
feuding over their mortgage options, such as selecting the right
lender or mortgage product.

Selling Squabbles

A
large percent of Millennial sellers, aged 25 to 39, argued with a
significant other over selling a home (85 percent) while a smaller
share of baby boomer sellers, 55 years and older, argued about the
home selling process (54 percent), indicating that life experience –
and a higher likelihood of being a repeat seller – may help couples
weather the tension that can come with a home sale.

Of
couples who argued over the home selling process, a majority (69
percent) fought about at least one of three financial decisions: what
price to list the home for, whether to drop the price and whether to
accept an offer.

Many
also argued over the following hassles of a traditional sale:

– Whether or not to make repairs (24 percent)

– Strangers walking through the home during open houses (24 percent)

– Keeping the house clean for showings (23 percent)

– Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

“We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship,” said Zillow lifestyle expert Amanda Pendleton. “Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction.”

The post Two-thirds of couples argue over buying and selling a home appeared first on RealtyBizNews: Real Estate News.

Awesome very informative I love real estate

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It took more than a decade, but Eagle County's real estate market in 2019 finally roughly matched the historic peak set in 2007 in dollar volume.

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

  Posted in Residential on

  by admin

https://www.redfin.com/blog/booming-real-estate-markets/

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade

As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come. That makes these the four metros primed for growth over the next decade.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Conveniently, Spokane is well suited to absorb all of the potential new migrants. That’s because in Spokane land is cheap and therefore homebuilding is inexpensive. The cost of acquiring land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000, will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.  

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.7%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction. 

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando. Inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales for the city. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. 

 

Metro
Average Land Share of Home Value
Median Sale Price Growth
Homes Sales Growth 
Median Household Income Growth 
Job Growth 
Percent of Searches from Outside the Metro
Median Sale Price – New Construction
Median Sale Price – Existing
City Compete Score™ 

Spokane, WA
23%
14.2%
5.5%
4.7%
1.7%
73%
$350,000
$255,000
85

Las Vegas, NV
25%
6.5%
15.7%
3.5%
2.4%
47%
$388,000
$285,000
60

Charlotte, NC
28%
9.1%
14.5%
5.1%
2.9%
40%
$325,000
$248,000
66

Orlando, FL
29%
7.0%
14.7%
5.4%
3.2%
51%
$316,000
$250,000
75

 

Methodology

The top four U.S. booming real estate markets were selected based on the criteria that average share of land value be less than 30%, home price growth be more than 4%, home sales growth be greater than 4%, and percent of searches from outside the metro be at least 40%. Redfin analyzed 78 metros across the United states. 

Average share of land value is calculated from the accessed land and home values in the 2017 property tax assessment files. Sale price growth and home sale growth is from January 2019 to January 2020 and is seasonally adjusted. Household income growth is from 2017 to 2018. Job growth is from December 2018 to December 2019. Median sale price of new construction and existing homes is from Q4 2019. Compete Score™ is for Q4 2019.

The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.

Two-thirds of couples argue over buying and selling a home

  Posted in Residential on

  by admin

https://realtybiznews.com/two-thirds-of-couples-argue-over-buying-and-selling-a-home/98757601/

Buying or selling a home can signal the beginning of a new phase in a couple’s life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A
vast majority of Americans (77 percent) who have gone through the
home buying process with a significant other in the past decade say
they argued over the home buying process. Nearly as many Americans
(71 percent) who have sold a home with a significant other in the
past decade say they argued over the home selling process, suggesting
those two life events may take a toll on relationships.

Beefing Over Buying

Of
those who argued with their significant other over the home buying
process, most (54 percent) disagreed over the size or style of home
to buy, and nearly half (47 percent) disagreed over a home’s
must-have features or deal breakers.

Other
conflicts surfaced over the location or neighborhood to buy in (42
percent argued over this), the budget (37 percent) and whether to buy
a fixer-upper (29 percent).

Nearly
a quarter of couples who argued over the home buying process were
feuding over their mortgage options, such as selecting the right
lender or mortgage product.

Selling Squabbles

A
large percent of Millennial sellers, aged 25 to 39, argued with a
significant other over selling a home (85 percent) while a smaller
share of baby boomer sellers, 55 years and older, argued about the
home selling process (54 percent), indicating that life experience –
and a higher likelihood of being a repeat seller – may help couples
weather the tension that can come with a home sale.

Of
couples who argued over the home selling process, a majority (69
percent) fought about at least one of three financial decisions: what
price to list the home for, whether to drop the price and whether to
accept an offer.

Many
also argued over the following hassles of a traditional sale:

– Whether or not to make repairs (24 percent)

– Strangers walking through the home during open houses (24 percent)

– Keeping the house clean for showings (23 percent)

– Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

“We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship,” said Zillow lifestyle expert Amanda Pendleton. “Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction.”

The post Two-thirds of couples argue over buying and selling a home appeared first on RealtyBizNews: Real Estate News.

anyone else like as much as me

  Posted in Residential on

  by admin

It took more than a decade, but Eagle County's real estate market in 2019 finally roughly matched the historic peak set in 2007 in dollar volume.

Why the next recession won’t bring down home prices

  Posted in Residential on

  by admin

Why the next recession won’t bring down home prices

https://realtybiznews.com/why-the-next-recession-wont-bring-down-home-prices/98757619/

The resilience of the housing market is such that it will likely survive the next recession without home prices taking a substantial hit, according to a new report from title insurance firm First American Financial Services.

“While
the housing crisis is still fresh on the minds of many, and was the
catalyst of the Great Recession, the U.S. housing market has
weathered all other recessions since 1980,” writes the report’s
author Odeta Kushi, deputy chief economist at First American.

The
report uses data from Freddie Mac and the National Association of
Realtors to illustrate how the market has fared in previous economic
downturns, and shows that home prices generally continue to
appreciate in such situations. However, existing home sales growth
will often decrease slightly during a recession, the data shows.

The
Great Recession was of course the exception to this rule, but in that
case the circumstances were quite different to normal, the report
notes. Last decade’s economic downturn was driven by a rapid
increase in home building and a major expansion of mortgage credit
availability. As a result, buyers were able to secure mortgages with
virtually no documentation of their income, and a minimal, or no down
payment.

“The
housing crisis in the Great Recession was fueled heavily by the fact
that job loss was paired with a significant share of homeowners who
didn’t have much equity in their homes,” Kushi wrote.

But
fast forward to today and the home price increases we’ve seen
recently are driven more by a shortage of available inventory and
rising demand from buyers. Homebuilding has been sluggish and has
exacerbated housing shortages in many parts of the country. And more
homeowners have gained a significant amount of equity in their
properties due to these shortages and the high demand for housing.

“On
the whole, homeowners have very high levels of tappable home equity
today, providing a cushion to withstand potential price declines,”
Kushi said. “In fact, the housing market may actually aid the
economy in recovering from the next recession—a role it has
traditionally played in previous economic recoveries.”

The post Why the next recession won’t bring down home prices appeared first on RealtyBizNews: Real Estate News.

best real estate super fan

  Posted in Residential on

  by admin

best real estate super fan

Add Some Bling to Your Decor

Rich metal accents are helping home design shine.
February 10, 2020

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

  Posted in Residential on

  by admin

https://www.redfin.com/blog/booming-real-estate-markets/

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade

As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come. That makes these the four metros primed for growth over the next decade.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Conveniently, Spokane is well suited to absorb all of the potential new migrants. That’s because in Spokane land is cheap and therefore homebuilding is inexpensive. The cost of acquiring land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000, will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.  

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.7%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction. 

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando. Inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales for the city. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. 

 

Metro
Average Land Share of Home Value
Median Sale Price Growth
Homes Sales Growth 
Median Household Income Growth 
Job Growth 
Percent of Searches from Outside the Metro
Median Sale Price – New Construction
Median Sale Price – Existing
City Compete Score™ 

Spokane, WA
23%
14.2%
5.5%
4.7%
1.7%
73%
$350,000
$255,000
85

Las Vegas, NV
25%
6.5%
15.7%
3.5%
2.4%
47%
$388,000
$285,000
60

Charlotte, NC
28%
9.1%
14.5%
5.1%
2.9%
40%
$325,000
$248,000
66

Orlando, FL
29%
7.0%
14.7%
5.4%
3.2%
51%
$316,000
$250,000
75

 

Methodology

The top four U.S. booming real estate markets were selected based on the criteria that average share of land value be less than 30%, home price growth be more than 4%, home sales growth be greater than 4%, and percent of searches from outside the metro be at least 40%. Redfin analyzed 78 metros across the United states. 

Average share of land value is calculated from the accessed land and home values in the 2017 property tax assessment files. Sale price growth and home sale growth is from January 2019 to January 2020 and is seasonally adjusted. Household income growth is from 2017 to 2018. Job growth is from December 2018 to December 2019. Median sale price of new construction and existing homes is from Q4 2019. Compete Score™ is for Q4 2019.

The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.

Two-thirds of couples argue over buying and selling a home

  Posted in Residential on

  by admin

https://realtybiznews.com/two-thirds-of-couples-argue-over-buying-and-selling-a-home/98757601/

Buying or selling a home can signal the beginning of a new phase in a couple’s life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A
vast majority of Americans (77 percent) who have gone through the
home buying process with a significant other in the past decade say
they argued over the home buying process. Nearly as many Americans
(71 percent) who have sold a home with a significant other in the
past decade say they argued over the home selling process, suggesting
those two life events may take a toll on relationships.

Beefing Over Buying

Of
those who argued with their significant other over the home buying
process, most (54 percent) disagreed over the size or style of home
to buy, and nearly half (47 percent) disagreed over a home’s
must-have features or deal breakers.

Other
conflicts surfaced over the location or neighborhood to buy in (42
percent argued over this), the budget (37 percent) and whether to buy
a fixer-upper (29 percent).

Nearly
a quarter of couples who argued over the home buying process were
feuding over their mortgage options, such as selecting the right
lender or mortgage product.

Selling Squabbles

A
large percent of Millennial sellers, aged 25 to 39, argued with a
significant other over selling a home (85 percent) while a smaller
share of baby boomer sellers, 55 years and older, argued about the
home selling process (54 percent), indicating that life experience –
and a higher likelihood of being a repeat seller – may help couples
weather the tension that can come with a home sale.

Of
couples who argued over the home selling process, a majority (69
percent) fought about at least one of three financial decisions: what
price to list the home for, whether to drop the price and whether to
accept an offer.

Many
also argued over the following hassles of a traditional sale:

– Whether or not to make repairs (24 percent)

– Strangers walking through the home during open houses (24 percent)

– Keeping the house clean for showings (23 percent)

– Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

“We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship,” said Zillow lifestyle expert Amanda Pendleton. “Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction.”

The post Two-thirds of couples argue over buying and selling a home appeared first on RealtyBizNews: Real Estate News.