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Homeowners only have to own a home for 2 years before it makes more sense than renting

When is it the right time to switch from rent to owning? Usually this answer is subjective, depending on things like income, family size and location. However, in real estate it can often be a matter of time. Recent

CoreLogic shows U.S. home prices spike up

It seems as though homeowners who believe that next year will be a better time to sell may be right as home prices continue to rise. Not only increasing year-after-year, but also month-to-month as of August 2017.  CoreLogic released

NAR: Remodeling reaps rewards for homeowners

Sometimes remodeling seems unnecessary, like a luxury that should be put on the back burner while you focus on home repairs and fees that can’t be ignored. However, a recent report from the National Association of Realtors shows that

Redfin extends 1 percent listing fee to 18 more markets

Redfin has extended its 1 percent listing fee to 18 more markets this week. Approximately 80 percent of Redfin’s home-selling customers will only pay 1 percent of the final sale price, depending on the market. Redfin tested out the

Why are homeowners hesitant to sell?

For the fourth time in five months, the housing market saw a decrease in home sales — hitting the lowest it has in 12 months this August with low inventory across the country. With homeowners confidence in selling at

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Top bathroom renovation trends of 2017

Homeowners in 2017 want a lot in their bathroom space. However, what used to be one of the main bathroom components — the bathtub — is one they do not want, preferring alcove or corner showers. Houzz recently released their

Pending home sales continue to fall

Pending home sales fell in August, according to the National Association of Realtors, and Hurricane Harvey and Irma are expected to put existing sales below 2016’s pace. This marks the fifth time in the past six months that pending

Redfin Housing Demand Index up 27 percent from last year

The Redfin Housing Demand Index remained relatively flat from July to August, rising slightly from 126 to 127. However, on a year-over-year basis, it is up 27.7 percent. The Demand Index is calculated using the number of Redfin customers

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Miami construction starts fall slightly in August year-over-year

Although nonresidential construction starts are on the rise across the Miami-Fort Lauderdale-Miami Beach MSA, overall construction starts dropped in August on a year-over-year basis, according to the latest Dodge Data and Analytics report. Nonresidential construction starts in August totaled

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Report: By 2022, nearly half of builders will focus on green homes

A new report shows that going green is gaining steam among homebuilders around the country. The Green and Multifamily and Single Family Homes 2017 SmartMarket Brief shows that at least one-third of homebuilders said that green building makes up

City living long term: survey finds old and young alike want to remain living in city as they age

City living is a trend that appears to be here to stay as more people decide they want to keep city living as they age. Recently, the 2017 Aging in Cities Survey was released which involved 3,000 residents of 10 large

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NAR: Middle-income homeowners could lose under new tax proposal

GOP leaders revealed an outlined for comprehensive tax reform on Wednesday. However, the National Association of Realtors believes the plan will lead to a tax on homeownership for millions. The new tax reform changes the current tax code to

Resourceful millennials approach market in different ways

As the largest generation of homebuyers, millennials are transforming the housing market and the way the process goes, according to a new report, Zillow Group Report on Consumer Housing Trends 2017. In previous generations, buyers used to search until

NRT launches ‘ON Collaborative’ to expand new development marketing nationally

NRT, the nation’s largest residential real estate brokerage company, announced today the launch of ON Collaborative by Coldwell Banker Real Estate Services, LLC. Doing business as ON Collaborative, this will be a new full-service development marketing firm integrated with

Housing prices hit a three-year high as sales drop off

Two new reports highlight the U.S. residential real estate market’s continuing balancing act. First, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed that home prices are on the rise around the country, up 5.9 percent in

Freddie Mac: Lower prices, more new home sales in 2018

Though thermometers in the Midwest and East are displaying temperatures typically seen in the dead of summer, calendars show that 2018 is not-so-slowly creeping up on us. And while the 2017 residential real estate market has been a mixed

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