Beware of These Home Inspection Red Flags

Checklist

A home inspection not only allows buyers to learn more about their home, it also helps them uncover any potential problems.

Curbed.com recently featured a 14-point checklist to help home buyers during a home inspection. Here are a few items they suggest to investigate further during a home inspection that will give buyers more confidence in moving forward.

The Top 20 Markets for June 2016

Top 20 Markets for June

The overall residential housing market is heating up this summer, but a markets in a few cities across the country are in a league of their own, notes Jonathan Smoke, realtor.com®’s chief economist.

Realtor.com®’s research team identified the hottest markets by factoring in which ones had the most views per listing on its website and saw the quickest inventory movement. In these markets, homes are selling 20 to 38 days faster than the rest of the U.S.

Once again, California dominates this month’s list, but eight other states are also represented (Texas, Colorado, Indiana, Ohio, Michigan, Washington, Massachusetts, and New Hampshire). Seasonality is a big factor in this month’s rankings, Smoke notes.

10 Top Cities for Dog Lovers

Dog

A whopping 54.4 million households – or 44 percent – own at least one dog, according to the 2015-2016 American Pet Products Association survey. That trumps the 35 percent of cat-owning households.

Americans sure do love their pets. In fact, spending on pets has doubled from 2001 to 2015, up from $28.5 billion to $60.28 billion, according to the APPA.

In some cities, the number of dog owners, in particular, is growing. Realtor.com®’s research team sniffed out the 10 best cities for dogs, factoring in the percentage of households that own a dog as well as the number of dog parks and trails, dog-friendly restaurants, pet stores, and dog walkers.

Check out which cities go to the pooches and how Seattle ranks…

The 10 Best Markets for Millennials

Home

The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.

NAR recently analyzed employment gains, population trends, income levels, and housing conditions among the 100 largest metro areas to pinpoint the best purchase markets for millennial home buyers.

Read the article and see where Seattle lands on the list…

Four Steps to Finding the Right Neighborhood for You

Young Family

Whether you are moving to a new city or just moving across town, there are many things to consider when deciding on the ideal neighborhood. I know how important this decision can be and I’ll take the time to talk with you about resale value, the local area, and what loan programs will be the most beneficial to you.

Here are four easy steps for finding the best neighborhood for your needs…

Baby Boomers Heading Back to the City

Planning

Unlike previous generations, many baby boomers aren’t planning their retirement in sunny southern locales. Instead, more are choosing to move back to metro areas they had left when they started raising a family in the suburbs.

Read the article…

Average Time to Close: 44 Days

New Homeowners

For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an impact on delaying loans, according to Ellie Mae’s latest Origination Insight Report.

Read more…

National Housing Videos

National Housing Videos

Every month RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Here’s a short video with some highlights from this month’s report. To view past months’ videos or catch up anytime, visit my YouTube channel.

Why Are Sellers Happier Than Ever and Buyers At Peak Grumpiness?

Open House

The number of home buyers who say now’s a good time to buy dipped to an all-time survey low in Fannie Mae’s latest Home Purchase Sentiment Index. Meanwhile, home owners who say now’s a good time to sell soared to an all-time survey high. Read on to find out why there’s such a disconnect.

Awesome Apps to Calculate Commutes

Neighborhood

When considering moving to a new neighborhood, factoring in your commute time is important. Whether driving to work or running errands, you will want to be within a convenient distance to places that are important to you. There are several simple smartphone apps that can be used to calculate commute time and avoid traffic.

Read the article…