In many areas, homes that have been recently updated or renovated are flying off the market, often at a profit for the sellers. But what about a fixer-upper that the seller wants to list “as-is”? There are pros and cons to this approach. Sellers save the money they would spend on major repairs or upgrades, and the home could sell fast, since “as-is” properties typically attract flippers,...
2021
If your goal is to boost the selling price of your home, these home improvement project won't move the needle. Here are the projects to skip. By Terri Williams August 13, 2021 Unless your home is brand new—and you had it built to specs—you can probably think of several ways you'd like to upgrade it. Renovation projects can make your home more functional, comfortable, and attractive. And all of...
Are you thinking about selling your home? Supply is low and demand is high right now, which means many sellers are seeing quick turnarounds and healthy profits. Still, despite the hot market, selling a home isn’t easy. If you want the experience to be as smooth as possible, prepping early and enlisting help...
BY STEPHEN HAMWAY / JOURNAL STAFF WRITER Tuesday, August 10th, 2021 at 5:37pm ALBUQUERQUE, N.M. — Albuquerque’s median home price in July dropped very slightly from June’s record-setting total, but the broader trend of rapid home price growth is still going strong, particularly at the top of the market. "We are still seeing a lot of buyers and not enough houses on the market,” said Belinda...
Tuesday July 6th, 2021 For Sellers, Housing Market Updates, Move-Up Buyers, Pricing Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability...
Tuesday June 29th, 2021 In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than...
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world...