New research compiled from Lending Tree housing data indicated that there are more single women owning their own home versus single men in all states expect for three! Nationwide, women own just under 11 million homes while men own a bit over 8 million. The states showing the most single women homeownership are Mississippi, Louisiana and Delaware; Delaware having the most. The states having the most...
Flooding is a natural disaster that can cause extensive damage to property and belongings. In fact, just one inch of floodwater can cause an average of $25,000 in damage. Unfortunately, most homeowners and renters insurance policies do not cover flood damage. Flood insurance protects your property from flood damage. It can cover both the structure of your home and your personal belongings. Flood insurance...
In a three month period that ended in April 2022, the luxury homes market showed that sales dropped almost 18% year over year. For that same time period, non-luxury homes sales totaled less than 1/3 of the luxury year over year percentage. The only other time this has happened in the last ten years was at the end of May 2020 and also at the end of June 2020. The good news in this is that inventory...
You read it right. A home builder based in Patchogue, New York called SQ4D (go to link to builder site for more information) created a 3-D 1,400 square foot home along with the footings, foundation, slab, and walls; everything except the roof and windows. This was done line by line on an enormous custom 3-D printer manned by one guy that layers a special concrete. The company asserts that this concrete is...
1) In 15 of America's most major metropolitan areas owning a house is cheaper than renting according to realtor.com®. The January 2021 analysis compared the median monthly costs of buying a home to renting a 2-4 bedroom unit in each of the top 50 U.S. markets. 2) U.S. homeowners financially impacted by Covid-19 are now eligible for up to 18 months of mortgage forbearance. The Federal Housing Finance...
Many folks thought the housing market would never again be as crazy as it was in the early 2000’s, but guess what? Here we are again! Housing is selling full boar and many listings are getting multiple offers within days.... or even hours. Buyers are making offers “sight unseen” just to have a chance at getting a home under contract. This frenzy is leading many buyers feeling desperate and...
The gravity of the 2008 crash is impossible to forget. But what we may not remember is that there were economic downturns that resulted in appreciated home values. Of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average. Market conditions are not the same as 2008 which is the biggest indicator that we will...
Many buyers of land will use a loan for their purchase. Unfortunately some of those buyers are in for a shock regarding the down payment because this type of loan is viewed differently than real estate purchases with homes or buildings. For some insight, here are key factors to know about down payments for land loans. 1. How much is the down payment on a land loan? Lenders require 20-50 percent of the...
From time to time we get inquiries regarding selling or buying properties with marketable timber. In an area like Montana, this can contribute additional worthwhile value to a property. In order to promote your property as having marketable timber you will need to know some facts such as the type of timber, is it in demand and how much is on your land. Buyers wanting to invest in this venture will be...
Do you have a property listed for sale (whether it be land, commercial, recreational or residential) that is just sitting on your local Multiple Listing Service (MLS) or out on the world wide web? Well, quite often it is the listing price if you are not getting any inquiries at all. So where do you begin when re-evaluating your property listing? Here are three places to start when addressing your...
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