The Federal Reserve raised interest rates by 0.75 percentage points on July 27, 2022, the largest increase since 1994. In fact, this now puts the Federal Reserve’s key interest rate at its 22-year high. Interestingly, many real estate economists have been advising against these recent hikes citing concerns for the housing market and overall economy.… Continue reading The Latest Interest Rate Hike: What Does It Mean For Real Estate?
The real estate industry has been a great example of an industry that has adopted and embraced technological advances. Gone are the days when you’d have to meet your real estate agent at his/her local real estate office to look through the Multiple Listing Service (MLS) book of homes for sale. If you happened to… Continue reading Challenges With Online Home Value Estimates
At every turn, technological advances have changed how we live our lives each day. When it comes to real estate, this is certainly the case as well. For example, these days you can search for a property, tour a property, submit an offer, and execute a contract right from your smartphone. Of course, when it… Continue reading Technology Features That Can Boost Property Value
With mortgage rates at higher levels these days, more sellers are being forced to reduce their home price in the current market. In any housing market, determining the appropriate home price when listing it for sale can be a daunting task. Pricing it too low and you could potentially leave significant profits on the table.… Continue reading When Should I Reduce My Home Price?
It has been estimated that nearly half (43%) of all sellers do not believe they they must update their home prior to listing it for sale. However, a recent report from Curbio titled “Preparing to Sell: 2022 Home Improvement Report” begs to differ. Of course, buyer expectations for home improvements change over time. For example,… Continue reading Home Improvements That Buyers Want
When selling your home, there are many potential roadblocks that can derail a deal. A few common hurdles that may need to be overcome during a real estate transaction include a home inspection, financing contingency and/or loan approval, and a home appraisal. Of course, during the heated seller’s market in 2021, we saw many buyer’s… Continue reading What To Expect With A Home Inspection As A Seller
There is no doubt that renovated homes sell significantly faster, particularly when there is a tight inventory of homes for sale like we are currently experiencing. With this said, when considering a home remodel, it is important to not only consider your personal enjoyment of the home, but also its resale value impact. Therefore, it… Continue reading The Best and Worst Home Projects for Resale Value
Neighbor disputes are certainly not uncommon. Oftentimes, these disputes may relate to a noise complaint, a barking dog, or a variety of other reasons. For the most part, these disputes can be resolved fairly quickly and easily. However, some disputes can be a lot more complex to deal with. In particular, encroachment disputes can present… Continue reading What Is An Encroachment In Real Estate?
The kitchen is typically considered to be the centerpiece of any home. In addition to being the area of the home where you cook and eat, it also tends to be the gathering area for family and friends to socialize. Needless to say, a kitchen remodel is oftentimes the single most important renovation project that… Continue reading How To Make A Kitchen Remodel Stand Out
Artificial intelligence, more commonly known as AI, has become quite popular in today’s society. Platforms such as ChatGPT and Google Bard have become household names and are being utilized in various applications. One of the areas that we see artificial intelligence being utilized is in real estate. In particular, we are seeing it being leveraged… Continue reading The Impact of AI In Real Estate