Wednesday, November 24, 2021 / by Ken Couture
As homebuyers continue to research during the exciting and competitive discount season, the country's top-performing markets for October are all affordable alternatives to their counterparts in major cities. vicinity.
Topping realtor.com®’s October list was Manchester, N.H., about an hour northwest of Boston. Homes in Manchester are selling in under 24 days—about 21 days faster than the overall housing market. Properties there are receiving about 2.8 times as many views on realtor.com®.
“Affordability and strong local economies remain very much top-of-mind for today’s buyers,” says George Ratiu, manager of economic research at realtor.com®. “With home prices reaching record levels this year, many buyers are still finding themselves locked out of expensive cities. Many of the markets on our list are small to mid-sized within a reasonable commute distance of a major employment center but with much more affordable home prices.”
Tuesday, November 23, 2021 / by Ken Couture
Your net worth is a powerful tool that can help you achieve your goals as a homeowner. And chances are your equity has increased significantly in the past year. According to CoreLogic's latest Equity Insights report, owners have earned an average of $51,500 in equity over the past year.
If you're looking for the best ways to use your growing equity, here are four options:
1. Use equity to buy a home that meets your needs
If you find that you are running out of space that you need, it may be time to move into a larger home. Or, it could be that you have too much space and want something smaller. Either way, consider using your equity to move into a home that fits your changing lifestyle. Moving to a larger home can provide extra space for remote work or for loved ones. On the other hand, downsizing can mean saving time and money by aiming for a smaller home.
2. Moving to Your Dream Location
If the size of you ...
Monday, November 22, 2021 / by Ken Couture
What about a brand new apartment in a secluded community with modern amenities and energy-efficient appliances, plus a dog park, swimming pool, and barbecue area. It will be anchored in a central community club with a meeting room and space designed for resident services and amenities and will be available for approximately C$1,100.
That's what they're building in Las Vegas. Lake Mead West Apartments is a community of 156 apartments located directly across from the elementary school.
“High-quality, affordable housing is a staple in Southern Nevada, and the Lake Mead West Apartments will be an indispensable community in North Las Vegas,” said Hassan Chaudhry, Director of Foresight Cos. and developers of Lake Mead West Apartments told Las Vegas JournalReview. . “Creating a truly public-private partnership project for the benefit of our working families requires extensive collaboration across multiple agencies and entitie ...
Friday, November 19, 2021 / by Ken Couture
Home design is getting more personal. More homeowners are using their homes to show their individuality and design freedom, according to home design experts at The Plan Collection, an online home design firm.
“It makes sense as people have gone from having to be home to wanting to be at home in an environment that expresses their personalities and individual tastes,” says Laurel Vernazza, home design expert at The Plan Collection. “Since no one could travel, homeowners had to bring those experiences into their homes.”
The Plan Collection’s team offers its predictions of the hot home design and building trends for 2022, including:
Curvier building elements: Curves can add an element of surprise and counter the “straight-line syndrome” of recent years, designers say. Expect to see more arched openings, barrel-vault ceilings, and curvy furniture, designers predict. Outside, arched windows and doors, arched openings, and ceilings for porches o ...
Thursday, November 18, 2021 / by Ken Couture
As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider.
Here are a few things you should think about before you settle on renting for another year.
1. Rents Are Rising Quickly
Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):
If you’re a renter, you’re faced with payments that continue to climb each year. Realtor.com recently shared the September Rental Report, and it shows price increases accelerating from August to September (see graph below):
As the graph shows, rents are still on the rise. It’s important to keep this in mind when the time comes for you to sign a new lease, as your monthly rental payment may increase substantially when you do.
2. Ren ...