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The housing market has experienced some recovery, and with that buying and selling real estate has also improved. However, limited inventory as well as online sales are making it difficult for real estate professionals and their pocketbooks. Adam DeSanctis, Manager of the NAR Economic Issues explains that the increase in ...
In 2015, 18% of first time home buyers were single women, according to the National Association of Realtors (NAR) 2015 Profile of Home Buyers and Sellers. With home buying the largest group made up for 54% of first-time home buyers, which were married couples. Male home buyers trailed single women, ...
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting ...
Tax season is upon us and if you have a pending or recent home sale, you’ll surely want to know: what income taxes will you have to pay on the sale? The amount of taxes you’ll be responsible for depends on the length of time you’ve spent in the home. ...
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In ...
Every home purchase is an investment. This holds true if you plan to live on the property or find a way to create a revenue stream from it. With the real estate market making a comeback, investors are stepping back in to find ways to put their money to ...