The fall’s cooler temps are being matched by a cooling off in the housing market’s red-hot trends, according to ZipRealty’s latest Housing Trends Report. For the month ended Sept. 15, median homes sales prices in the 24 metropolitan areas surveyed were up 14% year-over-year, compared to 16.2% a month prior to that. Median sales prices were higher than a year ago in all cities studied, but the annual price increases shrank in 19 out of 24 markets. The median sales price of about $272,000 in mid-September was also approximately 2% lower than in mid-August 2013.
Trying to figure out home loan interest rates at any given point can initially seem daunting. Actually, it can seem downright impossible. However, after you simplify the process using factors like the U.S. Treasury Yield for example, finding the rate of interest that you might pay on a home loan is really not all that difficult. To help you do so, here are some tips to consider when trying to figure out home loan interest rates in the future. ¨
The weather is getting cooler, the leaves are turning (in most of the country!), and days are getting shorter. To take advantage of fall buyers who are out looking at homes, we have some home staging tips to help your house stand out during the season.
Gorgeous autumn days mean fewer hours of natural light, but you can still brighten up your home with artificial illumination inside and out to put your home in the best light for potential buyers. Designers break lighting into 3 categories:
In many parts of the country, it is becoming more and more apparent that the cooler temperatures of the fall season is fast-approaching. The fall is, nonetheless, a spectacular time of year - full of color and near perfect weather. If you are planning on selling your home this fall (or winter) you should take advantage of the picture perfect natural backdrop of autumn to show off your home.
The key trends that have defined the residential real estate market in 2013 are still very much in place at the end of August, according to ZipRealty’s latest analysis of market conditions in 24 major metropolitan areas. Inventory is tighter, houses are selling faster, pending sales volume is stronger, and median sales prices are up strongly when compared to one year ago. “Over the past 45 days, we have observed moderating prices in the fastest-growing locales, while sales prices are accelerating now in markets that had been lagging earlier.
During the mid to latter part of the 20th century, a substantial portion of homebuyers were focusing their search in the growing number of suburbs. Crime rates, congestion, and urban decay were largely responsible for the massive exodus from urban areas to suburban alternatives. The overall consensus was the farther a homebuyer could get from an urban center the better.
ZipRealty has released a list of the top 10 “booming” real estate markets with the best public schools. These metro areas are leaders in median home price growth, transaction activity and other key metrics as of mid-August 2013. The public schools were selected because of their high School Score − a proprietary measure of the performance of each school district on a scale of 1 to 10, with 10 being the highest – found exclusively on ZipRealty.com.
When homebuyers are looking at real estate listings, they usually make note of each home’s location, number of bedrooms, age, special features, encompassing school districts, yard space and price. However, there is another important feature that prospective buyers often gloss over simply because they aren’t sure what it means – the style of the home.
Before home sellers put their houses on the market, they often go through a thorough process of cleaning, staging rooms and taking care of any important maintenance issues. However, you may not have considered the potential benefits of making sure your house is LEED certified before selling your home. LEED (Leadership in Energy & Environmental Design) is a rating system that certifies that homes use less energy and resources than homes on average.