Record Share of Luxury Home Buyers Now Paying in Cash Based on new data by Redfin, the typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier. Prices of non-luxury homes increased at half the pace, rising 4.6% year over year to a record $340,000.…
According to CBRE, with over $55 billion committed by New York State to source 70% of its power from renewable energy by 2030 and to achieve a zero-emission electric sector by 2040, New York City is experiencing the start of a new trend according to the CBRE Brief, “NYC’s Energy-Related Leasing Rises in Response to…
Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common. “Despite high-cost headwinds, buyers have a few things to be thankful for in today’s market,” said Zillow Chief Economist Skylar Olsen. “Home prices are cooling…
Las Vegas home prices rising while inventory shrinks Based on new data from Las Vegas Realtors, housing supply continued to shrink in November 2023, while fewer homes are selling and prices are higher than the same time last year. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its…
Climate change ranked second biggest luxury housing market risk in 2024 Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point. While two major geopolitical crises unfold,…
RRA Named as Top Agency by Real Trends 500 Survey and RIS Media RE/MAX Realty Affiliates (RRA), one of the most successful real estate companies in northern Nevada, ranks among the 50 most productive brokerages in the United States, based on home sales data in the prestigious 2016 REAL Trends 500 survey. RRA placed 47 with an…
If you are looking for a deal on a home, buying a foreclosure can be a great way to save money. In a price-sensitive market, foreclosures can be the best bet for anyone who wants to buy their own home but doesn’t want to pay full price. When a home goes into foreclosure, it means…
As a homeowner, knowing the value of your home will help prepare you to buy, sell, or refinance your home. It can also provide a picture of your overall financial health. The factors that determine the value of your home are as diverse and individualized as the homes themselves. In addition, those same factors may…
It is a seller’s dream situation: you put your house on the market and receive multiple offers. While you might think the highest priced offer is naturally the best, that is not always the case. Learn how to evaluate real estate offers from home buyers so you can accept the offer that makes the most…
Purchasing a new home can be a multifaceted and costly endeavor, with numerous options and amenities to take into account before making a decision. From pricing and bedroom/bathroom count to wall color schemes, cabinets, countertops, total square footage, and property size, each factor plays a crucial role in determining the right home for you. However,…
U.S. home sales returned to near seasonal levels, despite lack of supply. With “home” being the unofficial word of the year, could home-buying activity rebound in Q3 and Q4? The data from the RE/MAX National Housing Report for June 2020 suggests it might. Despite a report-record low in Months Supply of Inventory, June home sales posted a…
SELLING A HOME DURING UNUSUAL TIMES RE/MAX real estate agents report what they’re seeing and what actions sellers can take now. The current spread of coronavirus (COVID-19) and the efforts to contain it have impacted almost all aspects of daily life – and real estate transactions are no different. Yet despite current circumstances, real estate…
When it comes to preparing to sell your home, the best place to start is clearing the clutter. Clutter includes all of those things we have a tendency to save that we no longer use that just lie around or take over extra space in our homes. We’re all guilty of saving things in our homes,…
When you’re selling a home, the elbow grease you put in to keeping it clean and neat can come with an added bonus: a quicker sale. Even though most homeowners wouldn’t dream of leaving dirty dishes in the kitchen sink or clothes on the bathroom floor when potential buyers will be coming by, there are five areas…
Money is a delicate issue. How much we earn and how much we owe is information many of us prefer to keep close to the vest. If you’re concerned about detailing your finances to your real estate agent, rest assured that there’s plenty of privacy in the client/agent relationship. Contact us if you have questions about buying…
We all have fantasy images of our dream house. These images may be hard to let go of when buying a home, especially when all you can afford are homes that, well, let’s just say need some TLC. That’s when it’s important to keep in mind that the fixer-upper you’re looking at could have the potential…
Many first-time home buyers move from apartments or condos to a single-family home, and may have little background in yard maintenance. If that describes you, here are some questions to help you learn about your target property and gauge what kind of care it might involve. The homeowners, or their agents, will be a good…
