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Buying more than one home for vacation or investment purposes is not just for the affluent. The second-home buying market continues to gain momentum, thanks to baby boomers.
Bob Walters, chief economist at Quicken Loans, said that baby boomers are retiring, and they are much different than any other generation.
Moving Hints: From Packing to Paying - The nuts and bolts of moving into a new place. Start early. Select a carrier at leasst five to eight weeks before you move. When talking with a potential moving company, keep in mind whether you are moving locally, intrastate (within a single state), or interstate (from one state to another).
Buying a home is a big decision and even the idea of starting your search can be overwhelming. You may have heard that the housing market is “slow” and that may seem like a good reason to put things off until later this spring. But now is one of the best times to get started on your search for a new home. Here’s why:
Taxes are due Monday, and most of us are either frantically trying to finish our returns or planning to file for an automatic extension of time to file. Either way, we wish we could find just one more deduction or one more exclusion that would help us legally keep a little more of the money we earn.
Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery is likely this year, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®
Sales of existing homes rose in January, reaching the highest level in seven months, according to the NATIONAL ASSOCIATION OF REALTORS®.
Total existing-home sales — including single family, townhomes, condominiums, and co-ops — increased 3 percent to a seasonally adjusted annual rate of 6.46 million units in January from an upwardly revised pace of 6.27 million in December. Sales were 4.3 percent below the 6.75 million-unit level in January 2006
Home Prices Fall at Fastest Rate in 14 Years
U.S. home prices fell 0.7 percent in the fourth quarter, according to Standard & Poor’s inaugural release of the national Case-Shiller price index.
This is the fastest rate home prices have fallen since 1992. Overall home prices rose only 0.4 percent last year
If there's any lingering doubt about how the Internet is transforming the way people buy and sell homes, here's eye-widening proof: Marnie Azadian and her husband just moved from Scottsdale, Ariz., into a $410,000 home in Tulsa that they bought 100% over the Internet.
Here in Georgia, as many of you know, has a very large foreclosure market - - mainly in metro-Atlanta, where the lion's share of HomeOwners live (at/near 4 million people). Indeed, metro-Atlanta has more than 3,000 Notice Of Foreclosures published each month in the 13-county area, which offers far more REI opportunities then anyone can handle.
The Pending Home Sales Index,* based on contracts signed in October, slipped 1.7 percent to a reading of 107.2 and is 13.2 percent lower than October 2005. The index had trended up from a cyclical low of 105.6 in July, and a decline from year-ago levels is narrowing.
From Manhattan's stunning Hearst Building to the energy saving Tower Building in suburban Washington, D.C., so-called green building have become de rigueur for trend-surfing tenants and the developers who cater to them.
The pace of apartment construction in the 25 largest metros nearly doubled to 20,000 starts in the third quarter from 11,000 in the second quarter. Unfortunately, most development is occurring in markets that don’t need it, according to a recent analysis by Deutsche Bank Securities Inc.
New York on Tuesday became the first city in the nation to ban artery-clogging artificial trans fats at restaurants, leading the charge to limit consumption of an ingredient linked to heart disease and used in everything from french fries to pizza dough to pancake mix.
Some of the latest trends in homebuilding and remodeling were not too hard to spot. Is anyone surprised that Americans, already living in monster homes, want even bigger ones? But there were some developments we never saw coming.
Is your house a teardown candidate? Many properties are more valuable after the house is destroyed.
"Upgrading a house that will only be torn down is a waste of money. You won't get any more for the house. Anything you spend on maintenance will be out-of-pocket,"
Two realtors managed to sell their own home in just five days for close to asking price, a feat they attribute in part to staging. Boise's once-hot market has cooled in recent months, a fact that the couple knew all too well from their work. Houses are sitting longer - an average of 74 days vs. 66 days a year before. Sales fell 37% from September 2005 to September 2006.
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