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Many Consumers will take a Haunted House at a Discount

In this hot market, many Americans are willing to overlook a few ghosts for the right home and list price. Nearly a third—or 30%—say they’d be willing to live with a “friendly” ghost, according to realtor.com®’s annual Halloween survey. Twenty percent say they would live in a home where a murder has taken place. “In today’s ultra-competitive housing market, buyers are looking for a break,” says Clare Trapasso, realtor.com®’s

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83% Have had Paranormal Experiences at Home

It may be time to call Ghostbusters. Eighty-three percent Americans say they’ve experienced paranormal activity in their home. according to a new survey from Cinch Home Services, a home warranty company. The top three paranormal experiences are hearing sounds, lights turning on and off, and hearing voices. Older people are more likely to report paranormal experiences inside their home, the survey finds.Most respondents who indicate they’ve li

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What First-Time, Repeat Buyers Fear Most

The homebuying process can be scary for first-time and move-up buyers alike. Slightly more than half of Americans say they feel anxious thinking about the process of purchasing a property, according to a new survey from Ally Home. In fact, many consumers are more afraid of purchasing a home than dealing with their fear of commitment (89%), filing their tax returns (82%), having a tooth pulled (78%), or overcoming their fear of heights (75%), the

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Urban Rents Soar as Cities Recover from Pandemic Hit

Big cities are back. When the COVID-19 pandemic began, many people fled busy city life for less crowded areas. But now they’re returning in a big way.Rents in the 10 largest U.S. tech cities—such as New York City and Austin, Texas—have surpassed their March 2020 levels by an average of 6.3%, according to realtor.com®’s monthly rental report. In most of the largest tech cities, the September rental growth rate is higher than prior to the

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Lumber Prices on Steep Incline Again

High lumber prices are returning, and home buyers should brace themselves for impact. The prices can have an effect on the cost of a new home as well as on decks and remodels.Lumber prices had been falling this summer, but that appears to have been short-lived. In August, lumber prices had bottomed out, but framing lumber is now up by 40% since then.Lumber prices still remain below the peak reached in May of about $1,515 per 1,000 feet. On Tuesda

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Homebuilding Giant to Offer 3D-Printed Homes

Printed homes are coming to a new community in Austin, Texas. Lennar, one of the nation’s largest homebuilders, announced it was partnering with the startup ICON to build the largest community of 3D-printed homes to date. The builder says the high-tech construction method will allow it to overcome current labor and materials shortages that have been pressing on the new-home construction industry over recent months.3D-printed homes are touted as

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New-Home Sales Surge Despite Rising Prices

Homebuyers are rushing to purchase new homes. Sales of newly built, single-family homes jumped 14% in September compared to August, reaching a six-month high, the U.S. Department of Housing and Urban Development and U.S. Census Bureau reported Wednesday.Homebuyers appear to be shrugging off price increases, too. The median new-home sales price continued to increase to $408,800 in September, up 18.7% over a year ago.“Solid demand and ongoing bui

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10 Markets where Home Prices are Surging Most

Housing demand has been on fire amid the pandemic, and home prices have skyrocketed in response. Many markets have seen double-digit percentage price growth since the pandemic began.For example, in Rochester, N.Y., where home prices have been particularly volatile, the median sales price has surged by nearly 170% from September 2020 to September 2021.The National Association of REALTORS® reports that the median existing-home price for all housin

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Property Tax Boom Helps State, Local Coffers

The boom in home prices is helping state and local governments’ pocketbooks. Property tax collections reached their highest level since at least 2009, according to a new analysis from the National Association of Home Builders.Property owners paid $703.5 billion in the four quarters ending in the second quarter, up 13% for the year.Tax revenues for state and local governments can be volatile. However, “property tax collections have proven rela

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Where Permits for New Construction are Surging

Homebuilding has ramped up over the last decade and notably accelerated sharply in 2020 during the pandemic, according to the National Association of Home Builders. Builders applied for 134% more single-family permits in 2020 compared to 2011. Permits are used as a gauge to measure future construction. Multifamily construction permits are 139% higher in that period.Construction has increased the most in Texas, which nabs the top spot for activity

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