A new niche in multigenerational living is emerging for siblings who want to stay close to one another. Architects and home builders told The Wall Street Journal they’re fielding more requests from siblings who want to live in separate homes on the same property. Sometimes, the homes are built on property inherited by parents, or siblings may pool their money to buy together. By maintaining detached residences, there can be less tension and
Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position: The “no inspection” trend: 58 percent The “offer sight unseen” trend: 57 percent The “co-buying with strangers”
Invitation Homes, Inc., announced Thursday that it completed its merger with Starwood Waypoint Homes. The combined company, which will operate under the Invitation Homes name, is now the largest single-family rental company in the U.S., managing a portfolio of about 82,000 homes nationwide.Still, the company’s portfolio represents less than 0.1 percent of the more than 90 million single-family homes in the U.S. and 0.5 percent of the nearly 16
The 30-year fixed-rate mortgage reached its highest average since July this week.“The 10-year Treasury yield ticked up 6 basis points, while the 30-year mortgage rate jumped 5 basis points to 3.95 percent,” says Sean Becketti, Freddie Mac’s chief economist. “Today’s survey rate is the highest rate in nearly four months.”Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 16: 30-year fixed-r
In some ways, selling a parcel of land and selling a house are two different animals. Vacant land involves marketing its potential to an audience of developers and investors, and the main selling points lie in the location, size, and price, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla. “The principles might be similar in some ways, but there are still notable differences that make the endeavor challenging,”
As anniversaries go, it's a nerve-racking but inescapable one: It's been 10 long years since the widespread real estate crash that precipitated the Great Recession, and all the misery that followed in its wake. So it seems like the perfect time to take a giant step back, peruse and analyze all of the data, and assess what has really happened to the American housing market in the decade since.So where are we, really?Ever-steeper home prices:
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Snooping online proves to be an easier way of finding out what a homeowner paid for a property. A recent poll of more than 500 homeowners found that 52 percent of respondents admit they have spied online to track how much friends and family paid for their houses, according to a poll by Branded Research.Homeowners say they are simply curious what someone else paid for a property, how much it’s worth currently, and how much is paid in taxes.
The House on Thursday passed a tax reform package that the National Association of REALTORS® calls a tax hike on many middle-class homeowners and says would lower property values for all homeowners. “It’s disappointing to see this legislation move forward, but the real work to shape this debate is just getting started,” NAR President Elizabeth Mendenhall said in a statement.The bill, called the Tax Cuts and Jobs act, was passed by a vote o
With a seller’s market in many places across the country, why are so many homeowners reluctant to sell? Nearly 80 percent of more than 1,000 homeowners recently surveyed say they believe now is a good time to sell a home, but many don’t plan to list their homes anytime soon.Numerous would-be sellers say they’re holding off because of the high price they’d have to pay for their next home, according to ValueInsured’s latest quarterly Mo
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