How Much Will You Make On An Airbnb Listing?, The Most Important Factor In Accurately Valuing A Home, Astounding Home Mortgage Rate Insight

How Much Will You Make On An Airbnb Listing?

Real Estate Tip:

90% of what goes into the current value of a residential property is what similar properties have sold for in the last 6 months—so the key to arriving at the most accurate estimate of your home’s current value is getting recent sold price comparables in your neighborhood.

Real Estate News:

More than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-in effect.”

Which Is Better HELOC or Cash Out Refinance?, Features You Should Avoid In A Home You Buy, Latest Move In US Construction

Which Is Better HELOC or Cash Out Refinance?

Real Estate Tip:

Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of: 1) No bathrooms on first floor 2) Bedrooms with no closest 3) Knob-and-tube wiring or fuses instead of a circuit breaker box 4) One outlet per room

Real Estate News:

US construction starts increased 10% in July 2024.

Expected Fed Rate Cut-What Homeowners & Buyers Should Know, Tax Tip For Property Owners, How US Home Sizes Are Changing

Expected Fed Rate Cut-What Homeowners & Buyers Should Know

Real Estate Tip:

Keep detailed records of each expense related to your property so you will be able to take advantage of every single tax deduction you are legally entitled to use.

Real Estate News:

New homes in the US are getting smaller. According to a National Association of Home builders survey, 17% of home builders said they built homes on smaller lots in 2023 to support home sales.