Twenty-one percent of the nation’s population now resides in communities governed by an association, which includes planned communities, homeowners and condo associations, or housing cooperatives, according to the National and State Statistical Review for 2016 Community Association Data. The report was published by the Foundation for Community Association Research.Read more: How to Spot a Bad HOAThe study, conducted by the Community Associati
Borrowers may be able to lock in lower interest rates this week, as the 30-year fixed-rate mortgage dips to a 3.88 percent average.“Rates came down slightly this week, ending a brief two-week streak of increases,” says Sean Becketti, Freddie Mac’s chief economist. “The 10-year Treasury yield dipped 6 basis points, while the 30-year fixed mortgage rate fell 3 basis points to 3.88 percent.”Freddie Mac reports the following national aver
About 100 cities across the country have submitted their final bids to be the home of Amazon’s second headquarters, known as HQ2, as municipal leaders argued for why their community is the best pick. However, it won’t be all good news for the metro Amazon ultimately selects in 2018, especially when it comes to housing. HQ2 will bring with it up to 50,000 new jobs, which will undoubtedly put greater upward pressure on already sky-high rents
Projections for next year’s housing market are already underway, as 2018 could be seeing significantly more home renovations and repairs taking place.A report released today from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University predicts a growing momentum in 2018 for money spent on remodeling homes. The Leading Indicator of Remodeling Activity finds annual gains in home renovation spending will surge
Higher home prices and a tight supply of homes for sale may be the mantra nationwide. But certain markets are still offering lucrative options for investors.Real estate sales and auction company TenX released its top picks for investors and Texas had the most markets on its list, scoring three out of the top five. Texas continues to post strong growth in employment and home construction. San Antonio topped TenX’s list for best places for inves
For the second consecutive year, Watauga, Texas, is the hottest ZIP code in the U.S., according to realtor.com®’s 2017 Hottest ZIP Codes list. Livonia, Mich., and Kentwood, Mich., landed second and third, respectively, on the annual list.Realtor.com® analyzed 32,000 ZIP codes based on factors like the time it takes properties to sell and how frequently homes are viewed in each ZIP code. The markets on this year’s top 10 list are seeing home
Baby boomers looking to retire, downsize, or cash in are growing concerned that they’ll be unable to sell their big suburban homes as the younger generation shows different preferences in homes.First-time home buyers are “hungry for starter homes and efficient layouts,” says Javier Vivas, manager of economic research at realtor.com®.Large single-family homes are lingering on the market. Realtor.com® defines “large single-family homes”
A senior homeowner and her son were found dead last week by an agent who entered the house to preview it.Residents Margaret Montgomery Gibson, 86, and Eric Dana Gibson, 53, a mother and son, were found by an agent who called 911, according to WRAL-TV news.In the released 911 call, the unidentified real estate professional tells police, "I just walked in this house to preview it for a client and there's a dead person in the bathroom. There's bloo
Airbnb, a short-term rental startup, plans to overcome its disputes with cities over short-term leasing by building its own apartment buildings.The company plans to build a 324-unit apartment building near Walt Disney World Resorts in Kissimmee, Fla., and says it plans to build more in the near future.The first building in Florida will be called Niido Powered by Airbnb and will open in early 2018.Tenants will be able to rent out their units for u
A new study finds that properties that contain certain words in their listing comments tend to sell for higher prices.CoreLogic researchers analyzed more than 1 million single-family transactions that closed in the first half of 2017. Every property analyzed had public remarks and comments from which researchers extracted word pairs. Prices can vary geographically on how much weight certain words may have.But one house feature that stood out was
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