Friday, June 17, 2022 / by Nicole Solari
While the days of spending more time at home may be over, and many people have returned to the office and normal daily activities, home redecorating is still on many homeowners’ minds. Simple home improvement projects have the combined benefit of creating a renewed space that can cure “cabin fever” and can also be good for your home’s property value. You don’t even need to hire a contractor to get started on these projects that can change your home’s look, even during a weekend.
Get painting, in a creative way
While painting your home to give it a new look is an obvious choice, you can save yourself time and go for a creative change by painting targeted areas of your home instead of all of it. You can select one wall in your home, such as in a living room or your kitchen, to be an accent wall. This accent wall could be painted in shades of green or blue, and some homeowners are even using on-trend wallpaper to create an accent wall.; ...
Friday, May 13, 2022 / by Nicole Solari
If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide.
In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves.
If you’re thinking about selling your house, connect with a real estate professional so you have expert advice that’s customized to your home and local area. ...
Wednesday, April 27, 2022 / by Nicole Solari
Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream.
Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The graph below tracks home price appreciation since the end of World War II:
The graph shows the only time home values dropped significantly was during the housing boom and bust of 2006-2008. If you look at how prices spiked prior to 2006, it looks a bit like the current spike in prices over the past two years. ...
Monday, November 1, 2021 / by Nicole Solari
Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:
“Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”
Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting.
The Money Renters Stand To Lose This Year
A homeowner’s monthly mortgage payment pays for their shelter, but it also acts as ...
Monday, October 11, 2021 / by Nicole Solari
Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.
Equity is the difference between what you owe on the home and its market value based on factors like price appreciation.
The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a significant equity boost.
According to the latest data from CoreLogic, the amount of equity homeowners have has continued . ...