If you are looking to sell your house, whether as a homeowner or a real estate investor, you will want to do everything you can to maximize the resale value of your home. Fortunately, there are a few easy renovations you can make that can substantially increase the value of your home. If you are selling your house, make sure to do these five renovations that can improve your property’s resale value:
The Chairman of the Federal Reserve, Jerome Powell, has signaled a potential end to a series of rate hikes, after once again raising the interest rate by .25%. As a result, the real estate market was invigorated, with mortgage demand increasing by 5% over the course of a week. However, people remain cautiously optimistic, as future rate hikes may be necessary to further slow inflation.
March saw the “biggest annual decline” in home prices in the past eleven years, according to an article from the Wall Street Journal. This dramatic decrease in home prices is a significant sign of the state of the housing market, which has been suffering from a decline in demand for months. These issues are blamed primarily on high interest rates, which have made mortgages less appealing for many prospective homeowners.
The Largest Annual Decline in Eleven Years
In March, home prices fell by 0.9% compared to the same time the previous year. At the same time, sales of previously owned homes fell by 22% during the same period. Month over month, home sales fell by 2.4% compared to February. While this may not sound like a major decline, it is the biggest drop in annual prices since 2012, and indicates a housing market in potential trouble.
Getting into the business of flipping homes is no easy task, and there are a lot of risks involved. That being said, if you can make it work for you, there is a lot of potential profit to be made. If you want to build a successful career flipping homes, make sure to follow these seven steps:
If you are looking to invest in real estate for the first time, you may be excited about the potential for major profits. However, there are plenty of traps that people can fall into if they are not careful, resulting in a serious loss of potential income. Here are five traps you should watch out for as a new real estate investor:
If you have been thinking about investing in real estate, you may be concerned about when, exactly, you should get into the market. After all, timing is everything, and you do not want to be left with a property you overpaid for after a market downturn. However, figuring out the right timing to invest in real estate is not as easy as just watching the market and buying whenever prices drop. Ask yourself these questions first to see if you are ready to take part in real estate investing:
Investing in real estate can, with the right investment strategy, become an incredibly good way to make money. However, it is also extremely easy to lose a lot of money in the real estate market, if you are not careful about how you choose to invest. Here are five major mistakes that people make when they invest in real estate:
For many people, investing in real estate is a potentially lucrative venture that can have substantial returns. However, real estate investments can be incredibly costly, and if you are not careful, you can also lose a lot of money on your investment. That is why you should follow these real estate investment tips, which can give you a better chance of seeing your investment return a profit:
For the first time in several months, mortgage interest rates have begun to decline somewhat, bringing some relief to the real estate market. This drop in interest rates is considered to be a sign of inflation beginning to drop off, which is an overall positive for prospective homeowners. Unfortunately, however, interest rates are still far higher than they were at the beginning of the year, and some home buyers may still be hesitant to put money down on a new house. Continue reading “Mortgage Interest Rates Fall as Inflation Lightens”
Nationally, home prices fell for the first time in three years in July, signaling to some that the housing market may be on the verge of a recession. Part of the reason for this anxiety is that this drop is the largest the housing market has seen since 2011, making it the biggest dip in the market in more than a decade. Combined with rising interest rates, high inflation, and an increasing amount of inventory, some economists believe that prices could decline even further in the coming months.