Homeowners and appraisers are seeing more eye-to-eye when it comes to home values. Appraised values in February were, on average, just 0.53 percent below homeowner estimates—the fifth consecutive month where the gap between the two groups has been less than 1 percent, according to the National Quicken Loans Home Price Perception Index.Still, more than three-quarters of metro areas had appraised values that were higher than owner estimates. Dall
Though homeowners are gaining equity across the country, the number of underwater borrowers in some areas remains high. The metro with the highest share of homeowners with negative equity is Miami-Miami Beach-Kendall, Fla., where the number of those in the red has grown 13.1 percent year over year, according to a new report from CoreLogic.Nationwide, the number of homes with a mortgage in negative equity—which can occur due to a decrease in a
Homeowners who don’t live near a federally recognized floodplain may still be at risk of flooding, and the Federal Emergency Management Agency severely underestimates the number of people who could potentially be affected, according to a new study in the journal Environmental Research Letters.Researchers from the University of Bristol in the United Kingdom, the Nature Conservancy, and the Environmental Protection Agency say that the U.S. pop
The median down payment on a single-family home or condo in the fourth quarter of 2017 was $18,000, up 20 percent from $14,950 a year prior, according to a new report by ATTOM Data Solutions. The 2017 figure represents 7.1 percent of the median sales price of the home purchased, up from 6.2 percent in the fourth quarter of 2016.Among 143 metro areas analyzed, the top five cities where residents paid the highest down payments in the fourth quarter
Tom Ferry says love your leads and they’ll love you backBe honest. Do you treat every lead the same way you do your best client? If you said yes, you’re either incredibly rich or a great liar.The incredibly rich know they need to love on every lead.I want to give you the Day 1, Day 2, Day 3 and Day 29 tactics our coaching members use to wow every person they connect with — and earn 10X the industry average.As a video-first coaching company,
Your buyers found the home of their dreams. They’ve started packing. Then, something pops up that could stall the sale. In today’s market, finding a home is only the beginning. There are often stumbling blocks along the way.Here’s how to keep common real estate mistakes from killing the deal.No one divides the fixtures Sales can falter because of disagreements over silly stuff — like who keeps the fireplace screen, the wall sconces or th
Be careful: You may be under surveillance when touring a property. Some sellers are using surveillance cameras inside their home to record the sight and sound as prospective buyers walk through.The increase in these home recordings—many from security systems that owners already have installed—are raising some concerns surrounding privacy in real estate transactions, MarketWatch reports.Jill Comfort, a real estate pro in Phoenix, told MarketW
Homeowners with mortgages have seen their equity increase 12.2 percent year over year, according to CoreLogic’s newly released Home Equity Report. Homeowners gained more than $15,000 in home equity between the fourth quarter of 2016 and the fourth quarter of 2017—the highest growth in home equity in four years, according to the report. Western states saw the largest increases.“Home-price growth has been the primary driver of home-equity wea
Following nine consecutive weeks of increases, borrowers finally got some relief this week with mortgage rates. The 30-year fixed-rate mortgage posted its first week-over-week decrease of 2018.“Tuesday’s Consumer Price Index report indicated inflation may be cooling down; headline consumer price inflation was 2.2 percent year over year in February,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Following this news, the 10-year
Replace lightbulbs. The typical American household spends 5 to 10 percent of its energy budget on lighting alone, according to the DOE. Replace incandescent lightbulbs with LEDs, which on average are 85 percent more energy-efficient. You can shave $100 a year on your energy costs by making the switch.Unplug. Leaving cellphones, TVs, computers, and other electronic devices plugged in can continue to pull power from the grid. That can add up over
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
