Weekly Round Up - Real Estate Links We Love - Aug 12

Posted by Walnut Street Finance Team on Aug 12, 2018

Our weekly round up of real estate links we love…

REAL ESTATE NEWS

DC-area homes selling at fastest pace in a decade

The Washington-area housing market continues to suffer from a lack of sufficient listings to meet buyer demand, and what is on the market is getting snapped up fast. Listing service Bright MLS says a house or a condo that hit the market in July went under contract in an average of just 12 days, the fastest pace of sales for a July in a decade. Sellers also got, on average, 98.3 percent of their list price...read full story here


Durham, Chapel Hill home prices jump more than in Raleigh

For Sale

The price of homes in the Durham-Chapel Hill metro area rose more than 6 percent in early summer, keeping the pace of price increases ahead of Raleigh but still below the national average. Across the country, the price of a home jumped 6.8 percent in June compared to the prior year. In the Durham-Chapel Hill and Raleigh metros, those increases were 6.5 percent and 5.1 percent, respectively...read full story here

Mortgage rates dip after a weak jobs report

Mortgage rates retreated this week after weaker-than-expected employment data. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.59 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.6 percent a week ago and 3.9 percent a year ago...read full story here




REAL ESTATE INVESTING ADVICE

You can make $110,000 flipping a house in Maryland—here are the 10 best states to turn a profit

When it comes to flipping a house, location matters: Your profit could depend a lot on what state you're in. If you're west of the Mississippi River, for example, you may find it more difficult to make money, since properties tend to stay on the market longer. If you choose an East Coast state like Maryland or Pennsylvania, on the other hand, you may have a quicker turnaround and get more bang for your buck: The average profit you can make there is almost $110,000… read full story here


4 ways real estate can turbocharge your retirement income

It's not unusual: An investor five or 10 years from retirement worries the nest egg will come up short, wants a boost over the finish line but already has a typical lineup of stocks and bonds. So what else could fuel the afterburners? Would real estate do the job? Read full story here


#5 Ways to Make the Big Bucks in Real Estate

piggy bank over cash

There’s no denying that investing in real estate is one of the most lucrative ways to create wealth. However, it takes more than buying low and selling high to turn realty into a real fortune. There are far too many tragic stories of ill-informed folks who have burned their fingers in the lure of making a killing in the bricks and mortar investment...read full story here



HOME IMPROVEMENT TIPS

The Lowdown on Low-Flow Toilets: Game Changers, or Flushing Your Money Away?

low-flow toilet flush
Photo Courtesy of Realtor.com

Once upon a time, back when people smoked in airplanes and thought preservatives made food taste better, toilets used as much as 7 gallons of water per flush. Then, in 1992, someone somewhere thought, “Uh guys? Is this really a good idea?" The Energy Policy Act was signed into law, and low-flush (aka "low flow") toilets that use no more than 1.6 gallons of water per flush were declared the new standard in the U.S. Instead of relying on gravity—and lots of H2O—to wash things down, low-flow toilets use pressurized air to do the dirty work of pushing waste into the pipes. But have low-flow toilets truly unseated their old-school porcelain counterparts in this game of thrones? We've flushed out the truth...read full story here


How to Find Your Renovation Team

If you’ve never renovated or built a new home, you may not be sure about how the seed of an idea turns into a completed project. Here are tips for two early steps: putting together your renovation team and nailing down your project’s cost...read full story here

Increase Your Home Value on Any Budget

Make your home worth more with these updates priced from less than $100 to $5,000 and up...read full story here

Fix and Flip

Walnut Street Finance Team

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