Browsed by
Month: November 2015

Home prices show no signs of slowing

Home prices show no signs of slowing

If you are thinking of buying a house, but waiting for the home prices to stop climbing, you may as well hunker down. Recent statistics from the FHFA (Federal Housing Finance Agency) show that although home prices were expected to slow by the end of last summer, they have now risen for 17 consecutive quarters. Nationwide, the increase in August averaged 8%, rather than the 3 to 5 percent economists had predicted. “The long-anticipated slowdown in home price appreciation did not…

Read More Read More

Aging in place

Aging in place

Reports show that by the year 2030, the 65+ year-old population in this country will more than double — from 35 million to 73 million! (Source: Bipartisan Policy Center Report) Increasingly, the majority of seniors express the desire to stay in their current homes as long as their health allows. But many of them may find that reaching the goal of “aging in place” requires modifying the structure of their existing home to include features that make independent living a…

Read More Read More

Estimating the true cost of a fixer-upper

Estimating the true cost of a fixer-upper

Everyone loves a bargain, but when you are talking about homes, how wise an investment is a fixer-upper? The answer is, it depends. Here are some key considerations. How much of the work can you do yourself and how much will you need to contract out? If you can’t do a quality job, don’t attempt it. Repairs that have obviously been done by an amateur do not increase the value of your home. True professionals earn their money, but the…

Read More Read More

Top home decor websites

Top home decor websites

You are probably familiar with Pinterest as an online source of ideas and inspiration for home redecorating ideas, but there are many others that may also interest you. Here are a few: Decoist.com Features stylish, yet reasonably priced ideas such as turning closets into office nooks and creating vertical herb gardens for small balconies and terraces. DwellingGawker.com A curated gallery of photos from designers, architects and home owners worldwide. Houzz.com Homeowners can post questions on a discussion board to ask…

Read More Read More

Remodel or sell?

Remodel or sell?

You’re probably aware that we are smack dab in the middle of a strong sellers’ market, but that doesn’t necessarily mean it’s a good time for you to sell. If you’ve concluded that it’s best for you to stay put right now, despite the high prices that many homes are commanding, you may be interested in doing some remodeling. If so, the next question is what project to tackle first? Perhaps you want to find a happy medium between making…

Read More Read More

A bubble or a balloon?

A bubble or a balloon?

As home prices continue to escalate at a mind-boggling rate, the big question among real estate professionals these days is whether or not this constitutes another bubble. Leading economists seem united in their response that it is not. Their reasoning has to do with governmental safe guards that have been put in place to further regulate the banking industry. “Liar loans” (i.e. loans based on non-verifiable resources/assets) are a thing of the past, they say, so only people who can…

Read More Read More