How A Recession Will Affect Home Prices?, How To Avoid Home Renovation Nightmares, Home Construction Costs & Time To Complete Soar

How A Recession Will Affect Home Prices?

Real Estate Tip:

Don't take on a home renovation project yourself unless you have prior experience-1st time home renovators often end up wasting both time and money.

Real Estate Insight:

In addition to the rising costs of materials and labor in residential construction in recent years, the amount of time it takes to complete a multifamily project has also continued to rise.The rising costs of materials and labor in residential construction in recent years, the amount of time it takes to complete a multifamily project has also continued to rise.

How NIMBYS Have Made Housing More Expensive, Property Management 101, # US Home Sales Drop, Home Sales Prices Climb

How NIMBYS Have Made Housing More Expensive

Real Estate Tip:

A property owner must manage his property manager--regardless of how much responsibility you choose to delegate, when you own property, the buck ultimately stops with you.

Real Estate Insight:

US housing sales dropped in June as the median sales price of an existing home climbed to $416,000.

What Most Do Not Know When They Inherit A Home, Homeowners Insurance Claim Tip, Building Materials Prices Finally Fall

What Most Do Not Know When They Inherit A Home

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate Insight:

Building material prices, which skyrocketed amid a period of intense demand and insufficient supply during 2020 and 2021, have begun to decline or experience moderate price increases.