Millennials are finally buying homes, Baby Boomers are downsizing, and Gen-Xers are upsizing. Now add to the mix a national housing shortage and population shifts. What does all this mean for housing markets in Washington DC Metro and the country?
To many, March Madness means basketball. In real estate, March Madness is the mad scramble for sellers to put their houses on the market and for buyers to come out in force to start their search. But what does the data say? Is Spring really the best time to list your house so it sells quickly and for top dollar?
Beige is officially "out"! Eclectic, sustainable and "personal" are the watchwords for 2017 and beyond. Smart technology will be pervasive, not only for home security, but also in the kitchen and throughout the home. From space utilization to home furnishings, rules for the coming year seem sure to herald a fresh breeze across the home scene. The savvy real estate investor will want to capitalize on these emerging trends when planning their renovation project. Let's take a look at what this year has in store:
Speed is a real estate investor's best friend. Every month that a renovation project sits on the market means yet another loan payment, yard maintenance cost, homeowner association payment or other fee that will have to be deducted from your profits. Here's how to get the highest price in the shortest time for YOUR flip....
More than 60 percent of real estate agents are female. So you might think that women would be equally represented among the ranks of real estate investors (REIs). Nope. Only 30 percent of REIs today are women. But that number may soon be changing as more women discover that they have some built-in advantages when it comes to fixing and flipping properties for a nice profit.
More than 6 percent of all home sales across the nation were flips in 2016, the highest rate since 2006. Flipping profits were the highest since 2000. What can the numbers tell us about the real estate market and the potential for flippers in 2017? Let’s look at the stats….
Ready or not, here they come! According to Realtor.com, millennials are finally ready to make the ultimate purchase -- their first home. Until now, many millennials were reluctant to take that big step. Some were saddled with huge student loan debt, and during the recession many or were un- or underemployed. But times are a-changing. Millennials are getting married and starting families, so co-living with friends or staying with their parents are no longer attractive options. Millennials are estimated to make up more than 35% of the home buyers this year. So, if you're currently looking for properties to fix and flip, here's what millennials are looking for....
To buy or to rent... the million dollar question. While the answer may differ from year to year and city to city, the answer in Washington DC and in 66% of other metropolitan areas right now is…BUY! But why?
You just found a great real estate deal, rushed to lock down funding, and uh-oh. Your credit score is stopping you from getting the financing you want. What to do? Low credit scores, usually defined as below 550, can cost you thousands or even hundreds of thousands dollars of increased interest, penalties and fees over your borrowing lifetime. What's the best first step to boosting your score?