Colorado and Texas claimed nine out of the top 10 best places to sell a house, according to a new study by SmartAsset.Researchers evaluated 161 cities with populations greater than 150,000 across five factors, including the change in median home value, the percent of homes in the area sold at a loss, the average number of days a home sits on the market, the closing costs, and the number of real estate offices per 1,000 residents.The following mar
One million U.S. borrowers regained equity in 2016, according to CoreLogic’s newly released housing report. Further, about 63 percent of all homeowners saw their equity increase last year.Now, 93.8 percent of all mortgaged properties—or about 48 million homes—are in positive equity territory, according to the report.“Average home equity rose by $13,700 for U.S. homeowners during 2016,” says Frank Nothaft, chief economist for CoreLogic.
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It's no secret that referrals are the key source of business for REALTORS®. The National Association of REALTORS®’ 2016 Profile of Home Buyers and Sellers shows that 53 percent of buyers and 64 percent of sellers use a real estate agent or broker who was referred to them by a friend, neighbor, or relative or who they have worked with in the past.But if you want to make a living in real estate, you can't rely on friends, family, and former cli
Homeowners with smart-home devices are ahead of the curve. Connected home solutions are still in the early adopter phase worldwide, according to a survey by Gartner Inc. of nearly 10,000 online respondents in the U.S., the U.K., and Australia.Only about 10 percent of households have connected home solutions, the survey found. The survey considered “connected home solutions” to be devices and services that are connected to one another and to t
The escalating costs of renting are making it a better time to purchase a home in most cities across the country, according to the Florida Atlantic University and Florida International University’s Buy vs. Rent Index."This is great news for homeownership and the financial returns to ownership," says Ken Johnson, a real estate economist and one of the index's authors. "We are not where we were in 2012, when nearly any purchase was a sound financ
Home flipping is growing at a rate comparable to 2006, and some real estate pros are warning buyers to be cautious and do their homework before purchasing a property they plan to flip.“Some flippers are turning historic homes into modern, hybrid treasures, but others are slapping cosmetic fixes on truly troubled properties, ignoring mechanical and structural issues,” CNBC reports. “For more unsuspecting buyers, that move-in-ready dream home
The 30-year fixed-rate mortgage surged to its highest average of the year this week, reaching 4.21 percent, Freddie Mac reports in its weekly mortgage market survey.“The 10-year Treasury yield rose about 10 basis points this week,” said Sean Becketti, Freddie Mac’s chief economist. “For the first time in weeks, the 30-year mortgage rate moved with treasury yields and jumped 11 basis points to 4.21 percent. The strength of Friday’s emplo
The Trump administration reportedly is considering cuts at the Department of Housing and Urban Development of more than $6 billion, which could particularly hit public housing support programs hard, according to The Washington Post.The potential cut is expected to reduce public housing support and end most federally funded community development grants, such as those that help to repair abandoned properties in low-income neighborhoods.HUD’s prel
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