Countertops 101: Today’s Kitchen Trends

RealtyTimes.com, April 12th, 2014
Granite is still the big dog in kitchen countertops, and the No. 1 most requested material when it comes to kitchen remodels. But there are now many more options available:
Full Story: http://realtytimes.com/rtpages/20140412-Countertops-101-Todays-Kitchen-Trends.htm

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Want to Sell Your House? Price It Right!

Want to Sell Your House? Price it Right!

Posted: 14 Apr 2014 KCM Crew

4.14 BlogThe housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishing rapidly. Now may be the perfect time to sell your home and move to the dream house or beautiful location your family has always talked about.

The one suggestion we would definitely offer: DON’T OVERPRICE IT!!

Even though prices have increased by more than 10% over the last year, theacceleration of appreciation has slowed dramatically over the last few months. As an example, in their April Home Price Index ReportCoreLogic revealed that home prices actually depreciated by .08% this month as compared to last month’s report. What concerns us is that Trulia just reported that asking prices are still continuing to increase.

Because investor purchases are declining and there are more listings coming onto the market, we believe that sellers should be very cautious when they price their house. The alternative might be that you could lose money by overpricing your home at the start as explained in a research study on the matter.

Bottom Line

Though it is a great time to sell your house, pricing it right is crucial. Get guidance from a real estate professional in your marketplace to ensure you get the best deal possible.

 

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Cheap and Easy Backyard Updates for your Home

RealtyTimes.com, April 13th, 2014
With warm weather comes the desire to spend time outdoors. And the desire to make our outdoor area a little prettier and more usable. Backyard design can get pricy, especially if you need a complete overhaul. But you can also create a fanciful space on a budget with a few tips and tricks.
Full Story: http://realtytimes.com/rtpages/20140413-Cheap-and-Easy-Backyard-Updates-For-Your-Home.htm

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Consumers Offer Mixed Opinions on Housing Market’s Future

Consumers Offer Mixed Opinions on Housing Market’s Future

Housing optimism for the year ahead diminished somewhat in March, though signs largely point to a positive spring season.

Fannie Mae released Monday its most recent National Housing Survey, revealing a slight softening in the housing recovery as monthly indicators remain volatile.

According to results from the March survey, fewer than half of consumers polled expect home prices to continue rising over the next 12 months, continuing a trend of uncertainty that started as price gains began to slow noticeably last fall.

Even among those expecting more increases, the average yearly change predicted is 2.7 percent, down half a percentage point from February.

“The housing recovery continues to proceed in fits and starts,” said Doug Duncan, SVP and chief economist at Fannie Mae. “Rising mortgage rates and a lack of supply have dampened housing market momentum.”

According to Fannie, 54 percent of consumers last month said they expect rates to keep rising over the next year, while only 3 percent—an all-time survey low—anticipate declines.

Looking at more immediate indicators, responses were more optimistic: More consumers now believe it is a good time to either buy or sell a home compared to February, and the share of those who believe it would be easy to get a mortgage today climbed back up to 52 percent, matching a survey high first recorded in January.

American’s attitudes regarding their own finances also improved, albeit slightly. While the share of those expecting their finances to improve over the next 12 months dropped slightly, the share expecting their situations to worsen fell more substantially to 12 percent.

Meanwhile, a record 40 percent said their personal financial situation has improved over the past year.

Still, only one-third of those surveyed said the economy is on the right track—continuing a declining trend—and Duncan said those who still harbor doubts about housing “tend to point to economic conditions as the primary issue.”

Given the current improving climate, that pessimism may not last, he adds. “Looking forward, we expect to see a pickup in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers.”

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Is Home Sweet Home a Cliche?

RealtyTimes.com, April 11th, 2014
Homeownership is the cat’s meow. The bee’s knees. The best thing since sliced bread. Right? These are all clichés. They all also happen to be true. Here’s how to take the meaning out of the clichés and make them work for you.
Full Story: http://realtytimes.com/rtpages/20140411-Is-Home-Sweet-Home-a-Cliche.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” ….. click LIKE to receive real estate info and what’s happening in Marshfield.  

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Did You Overlook These Things When Staging Your Home To Sell?

RealtyTimes.com, April 10th, 2014
Do you ever wonder why some homes sell quickly while others remain on the market for several months and even years? There are things sellers can do right now to help make it an easier sale.
Full Story: http://realtytimes.com/rtpages/did-you-overlook-these-things-when-staging-your-home-to-sell.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” …… click LIKE to receive real estate info and what’s happening in Marshfield.  

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Homeownership’s Impact on Net Worth

Homeownership’s Impact on Net Worth

Posted: 09 Apr 2014 KCM Crew

4.9 VisualOver the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

  • The average American family has a net worth of $77,300
  • Of that net worth, 61.4% ($47,500) of it is in home equity
  • A homeowner’s net worth is over thirty times greater than that of a renter
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

Bottom Line

The Fed study found that homeownership is still a great way for a family to build wealth in America.

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