Short-term housing rental companies are allowing property owners to turn their homes into investment properties. They’re giving hotels some serious competition.But these short-term renters have specific amenities they’re seeking. IPX1031, a firm that provides exchange services, surveyed 2,000 consumers to ask about what they look for when they rent an Airbnb.Some of the top factors that consumers said prompted them to choose an Airbnb ov
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It can be difficult to lend the illusion of more space to a home with low ceilings. A recent article at Houzz from columnist Becky Harris explains how you can make low ceilings appear higher.Use High-Gloss Paint to Your Advantage Painting the ceiling a glossy white will allow the room to reflect more light, making it appear more spacious that it really is. Interior designer Lourdes Gabriela used glossy white ceilings in a Florida condo that, she
Buyers are showing more interest in technological home features, with 46% of new and prospective homeowners saying, for example, that they want a security camera on the premises, according to the National Association of Home Builders’ latest annual survey, What Home Buyers Really Want.Three of the four most-wanted tech features are related to security, with surveillance cameras leading the pack, the survey shows. Buyers also reported high
In the majority of cities, buyers who earn the median income where they live can afford a median-priced home there as well, according to a new study by online loan marketplace LendingTree. Therefore, most households considered middle-class are not being priced out of the housing market.However, “middle class” can be a broad term that consists of a variety of income levels. A household earning anywhere between two-thirds of the national median
It can be financially harmful to borrowers and investors to repeatedly refinance their mortgages, warns Ginnie Mae, a government-backed firm that guarantees government mortgage bonds. That’s why the institution is taking steps to crack down on the practice of “churning,” where lenders push borrowers to refinance their home loans over and over again.Homeowners may be drawn to the idea of lowering their monthly mortgage payments, but multiple
Following four weeks of rate increases, fixed-rate mortgages posted a drop this week. Rates remain well below their averages from a year ago, and Freddie Mac predicts that will be a boon to home sales over the next couple of months. This comes after the Federal Reserve voted Wednesday not to increase its benchmark rate.“Slightly weaker inflation and labor economic data caused mortgage rates to dip this week,” says Sam Khater, Freddie Mac
Corporate relocation volumes and budgets are increasing, helping employees to more easily make a move for a job. In particular, 60% of mid-size firms with 500 to 4,999 salaried employees reported relocation budget increases, according to national moving company Atlas Van Lines’ Corporate Relocation Survey. For comparison, about 40% of small firms (fewer than 500 salaried employees) and 40% of large firms (5,000-plus) saw employee relocation inc
Homeowners have been less transient in the last few years. In the first quarter of 2019, homeowners who sold their homes had owned them an average of 8.05 years, down slightly from a record high of 8.17 in the fourth quarter of 2018, reports real estate research firm ATTOM Data Solutions. Still, that's up a 7.75-year average recorded a year ago.Prior to the Great Recession, from the first quarter of 2000 to the third quarter of 2007, homeownershi
The median list price in the U.S. reached $310,000 in April—another record high that surpassed March’s high, realtor.com® reported in its April 2019 housing trend report this week. Listing prices continue to grow, despite an uptick in For Sale signs and home seller competition.“The U.S. median listing price set another record this month, which we expect it to continue to do through summer when prices typically hit their seasonal peak,” s
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