With home prices on the rise, more home values are climbing up above water, but in a few cities, the number of seriously underwater homes is still alarming.Profile of Seriously Underwater HomesThe following are some characteristics of properties that are seriously underwater, according to ATTOM Data Solution’s report. 8% of properties with an estimated market value of $100,000 or less were seriously underwater; 9.3% of properties valued between
Soaring home prices aren't denting investors' appetite in many markets. "We are seeing more investors and new investors," says Steve Hovland, director of research at HomeUnion, a real estate investment marketplace. "The Fed has really been helping us out. Interest rates are not as high as they have been in past cycles. Commercial real estate is overheated. The bull stock market has been running for a long time, so investors are looking to diversi
Kitchen upgrades have overtaken bathroom updates as the remodeling project homeowners want most, according to the National Association of Home Builders' Remodeling Market Index report covering the first quarter of 2017. Bathroom renovations previously held the number one spot, but kitchen redos barely pulled ahead in the most recent report.NAHB's survey showed these are the most common jobs for remodelers: Kitchen remodeling: 81% Bathroom remodel
Several states are offering homeownership assistance programs to recent college grads that may help them receive thousands of dollars toward the purchase of a home. In New York, Gov. Andrew Cuomo recently announced the "Graduate to Homeownership" program, which provides assistance to first-time buyers who have graduated in the past two years from an accredited college or university with an associate's, bachelor's, master's, or doctorate degree. P
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Homeowners with a bad credit score can expect to pay double—in some cases, even nearly triple—what owners with solid credit pay for their home insurance, according to a new state-by-state study by insuranceQuotes.Policyholders with fair credit pay an average of 36 percent more than those with excellent credit, the study found. When a consumer's credit is poor, premiums can more than double, increasing an average of 114 percent.“Many consume
Renters want to make a place their own and fit their style, but it may cost them their security deposit.“If you decide to paint the walls while you are there, you must return them to their original color or the landlord is within their rights to use the deposit to pay for it themselves,” Trent Zachmann of Renters Warehouse told realtor.com®.Most landlords treat unapproved modifications and improvements made by renters the same as accidental
New-home construction is now taking place at around 1.2 million units annually, a welcome pickup to many buyers following years of slumps after the Great Recession. But a tight labor market means the workers have yet to return, and that lack of labor is increasing construction costs.When construction activity gained steam in 2012, the problem started to surface, and it has increased ever since, according to industry reports.“The share of builde
Mobile home owners are particularly vulnerable in tornados and have a higher likelihood of tornado-related death than residents of other housing units, a new study by Michigan State University researchers finds. Further, counties with large income disparities are more vulnerable in tornadoes, according to the study, “Double Danger in the Double Wide: Dimensions of Poverty, Housing Quality, and Tornado Impacts,” appearing in the journal Region
Real estate professionals need to overcome any fear of appearing needy or feeling like they’re imposing on others when they ask for business.However, it’s important to approach the situation with tact. Marketing expert and business strategist Marc Gordon has five tips. Don’t be shy. A simple straightforward face-to-face ask can be very effective. Here’s what Gordon suggests: "As you know, in my business referrals are everything. If you kn
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