The Black homeownership rate continues to decline at a much higher rate than other races. According to the latest U.S. Census Bureau’s report, it sits around 42.9%, which is said to be about the same as where it was 50 years ago, when the Fair Housing Act of 1968 was passed. “Historically, minority households have […]
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While […]
T According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s […]
If you missed our last article on Why You Need a Pro in Your Corner, this one goes a little deeper and shares some insight on just how valuable a real estate professional can be. A real estate transaction is complicated. In most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage […]
Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider these facts before you buy. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings. Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or […]
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize […]
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