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There can be geographic differences in home feature preferences, and home sellers and their real estate professionals are using that to highlight them in their listings. For example, in Hawaii, sellers like to promote “lanai” porches that were built by expert porch builders, while in Fairfield County, Conn., most listings promote “stone walls.” You may also install a Screen Porch Enclosure around your porch to add privacy to your outdoor space. Trulia recently looked at where terms of certain amenities turn up 10 times more often than other parts of […]

Rising home prices are allowing more home owners to see equity again in their homes. According to the latest figures from CoreLogic, the following states have the highest percentage of homes in the country with positive equity: North Dakota (94.4% of homes have positive equity) Montana (92.8%) Maine (92.1%) New York (91.7%) Alaska (91.6%) Of the largest metro areas, Nassau-Suffolk, N.Y., had the highest percentage of homes in a positive equity at 90.1 percent, according to CoreLogic. Other metros with some of the highest percentages of home owners with equity […]

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Joe is a leading real estate professional and native Texan. He grew up right here in the Austin area and is proud to call Austin home. As one of Austin’s top real estate agents, Joe has sold over $15 Million dollars in real estate and he has approximately 7 years of experience negotiating some of the best deals for his clients. Maintaining excellent relationships with local title companies, lenders, inspectors, contractors and colleagues is very important to Joe to ensure his clients receive the BEST service possible. Whether you are […]

Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” Real estate brokerage Redfin recently analyzed MLS and additional housing data between Oct. 1, 2012 and Feb. 26, 2013, to reveal which metros are seeing some of the fastest sales. Redfin based its rankings on cities that were seeing a home status going from active to pending in less than a day after being listed. Redfin revealed the following cities are seeing the most flash sales: Phoenix: 540 […]

Rising home prices have helped more home owners make their way above water again, with 1.7 million residential properties regaining equity in 2012, according to the latest figures from CoreLogic. The number of mortgaged home owners with equity now stands at 38.1 million. More home owners are expected to soon join them: About 1.8 million homes will regain equity if home prices rise by another 5 percent—which most economists have forecast for this year. “In the fourth quarter we again saw an improvement in the equity position of households,” says […]

Mortgage rates are still near record lows but they have been inching up slightly in recent weeks as the U.S. economy shows some signs of improving. The 30-year fixed-rate mortgage—the most popular choice among home buyers—reached its highest level in more than six months last week, averaging 3.63 percent, according to Freddie Mac figures. Mortgage rates are projected to rise higher this year, which could make buying a home more expensive. But some housing analysts say that the higher rates could actually help aid the housing recovery. Home buyers who […]

For the third consecutive month, homebuilder confidence in the new-home market has shown signs of waning, according to this month’s National Association of Home Builders/Wells Fargo Housing Market Index. Since January, homebuilder sentiment began to decline after eight consecutive months of rising. “Although many of our members are reporting increased demand for new homes in their markets, their enthusiasm is being tempered by frustrating bottlenecks in the supply chain for developed lots along with rising costs for building materials and labor,” says Rick Judson, NAHB chairman. “At the same time, […]

Home prices are rising, the number of homes for-sale is showing a slight increase, and homes are selling faster—all signs that spring is in the air in real estate, according to the latest MLS data released by realtor.com®. Nationwide, median list prices continue to tick up, reaching $189,900 in February. Inventories last month increased 1.15 percent month-over-month, after recently hitting record lows. Also, homes are selling faster with the median age of inventory at 98 days, a 9.26 percent drop from the previous month. “As we enter the busiest time […]

Many owners of farm land are scrambling to sell to both investors and farmers who have benefitted from recent high crop prices. But analysts warn that the boom-and-bust cycle of farming cannot sustain this surge. The New York Times reports that, despite the state’s drought, Iowa farmland prices have nearly doubled since 2009, far surpassing the last boom’s peak in 1979. The price of irrigated land in Nebraska has similarly doubled since 2009. However, with forecasters predicting the price of corn to fall, many predict that the price of farmland […]