Apartment rents are moving up at a much slower pace, veering from quite a different pattern seen earlier this spring. From March to June, rents rose by 1.3%, the fastest growth over any comparable period since the summer of 2017. However, Apartment List researchers say that a closer look at the data shows that since June, rents have essentially been flat, marking an early end to the summer spike in rent prices.“The robust growth we saw from Mar
Nationally, the average savings for homeowners with solar panels providing power is $1,075 annually. That can offset 67% of the homes’ electric bills, according to a new analysis of solar-powered home data from 1,800 homes nationwide conducted by Sense, a home energy firm.But how much homeowners actually see in savings largely depends on where they live.Sunny areas of the U.S. stand to benefit, as expected. For example, homeowners in Utah and C
Millennials tend to have higher expectations than older homeowners did about their ideal starter home, according to a new survey by Clovered, a home insurance resource. Millennials tend to want larger homes with modern designs.More millennials are entering the housing market for the first time. Clovered recently surveyed more than 1,000 consumers about their first home to learn which features and amenities mattered to them the most.The top factor
Many home sellers are forgetting to hide their prescription drugs prior to an open house, warn real estate professionals.Besides staging, decluttering, and stowing away jewelry or valuables, home sellers are overlooking the need to tuck prescription drugs away from medicine cabinets and drawers, they say. A recent article at realtor.com® warns of the dangers and calls out specific medications like Oxycontin, attention deficit disorder medic
Tech companies this year have been committing billions to responding to housing shortages in the Golden State. Apple is the latest, announcing this week that it would allocate $2.5 billion to help address the housing availability and affordability crisis in California.Homeownership in the Bay Area is at a seven-year low. Sixty-three percent of millennials surveyed earlier this year said they were considering moving out of California due to high h
Escalating home prices over the past eight years have propelled equity to record highs nationally, CoreLogic reports. Homeowners in nearly every state in the country have seen their equity grow. The West is seeing the largest growth. For example, Idaho homeowners gained an average of $22,000 per borrower; Wyoming owners saw a $20,000 gain; and Nevada owners saw a $17,000 increase, according to CoreLogic’s Home Equity Insights report.Only three
Homeownership may be key to achieving early retirement. A growing movement called “FIRE,” which stands for “Financial Independence, Retire Early”—an idea outlined in author Joe Dominguez’s 1992 bestseller Your Money or Your Life—lays out a way to retire early in your 30s or 40s. The plan focuses on stowing away 40% to 70% of your income, and then making smart investments to grow it. “Owning a home helps you build equity,
From landscaping to exterior finishes, there are plenty of ways to make your listing a standout in curb appeal. Houzz, a home remodeling website, recently showed off a few high-impact ways to boost a home’s exterior aesthetic.Paint the front door. Put a fresh coat of paint on the front door, which is what potential buyers will be seeing first. Also, consider an entirely new color for the front door to get attention. Black is a tr
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For the third consecutive week, the interest rate for the 30-year fixed-rate mortgage increased. The rise came despite the Federal Reserve cutting its key benchmark rate for the third time this year. The Fed’s interest rate often influences mortgage rates.However, home buyers are still taking advantage of historically low mortgage rates, Freddie Mac reports. “Purchase activity continues to show strength, indicating obvious homebuyer dema
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