House to Home

Sale Pending – Defined

Posted by Morgan Saylor on 2/15/17 7:30 PM

You’ve spotted a home you’ve fallen truly, madly, deeply in love with online but – oh, no!

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Topics: Sales, Home Sales, bowling green, ky, georgetown, ky, elizabethtown, ky, florence, ky, new albany, in, pending, breckenridge, Somerville,TN, louisville, ky, jeffersonville, in, lebanon, ky, ashland, ky, berea, ky, richmond, ky, clarksville, tn

Seasonal Trends & Home Buying

Posted by Morgan Saylor on 4/26/16 8:30 PM

Seasonality plays an important role in home buying. If you’re new to the home buying game, you may not know about this underappreciated trend in the mortgage industry.

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Topics: Market, Home Sales, Home Buyer, home buyers, Mortgage Market, season, homebuying

Rent Rise Stimulates Homebuying

Posted by Morgan Saylor on 3/1/16 4:30 PM

One in four homebuyers seek to purchase a home because rent is too high, according to a survey.

 

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Topics: First Time Home Buyers, Rent, Renting, Market, Home Sales, home buyers, Rental Market, Buying

Big Home, Small Lot?

Posted by Amy Patterson on 10/13/15 4:40 PM

According to a recent article by Zillow, homes in the U.S. are growing in size, while the lots on which they sit are shrinking. Data from the late ‘90s shows that the median size of a single-family home in the U.S. has grown by 24% – going from about 2,100 square feet to 2,600 between 1999 and 2014.

However, the lots these expanded homes are sitting on have shrunk by about 10% in the same period – going from 9,600 square feet to 8,600 in the same time frame.

To put this information in an equation that is relative to a specific home size, in 2000, homes had approximately three square feet of lot space per every one foot of indoor home space, however, in 2014, that number dropped to about two square feet of lot per foot of indoor space.

According to Zillow Chief Economist, Svenja Gudell, this trend meets a compromise between builders and homebuyers – specifically, a compromise between what builders can profitably supply (within a close proximity to job hubs) and what homeowners want – bigger homes (and a willingness to accept a smaller lot space).

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Topics: Homeowners, Home Loans, Market, Real Estate, Home Sales, Home Value, Home Buyer, Property, Home Size, Lot Size, Mortgage Market

Market Trends

Posted by Amy Patterson on 9/3/15 4:18 PM

According the RealtyTrac’s most recent home sales report, July 2015 proved to be a month of the good, the bad and the…good? Overall, the month saw changes that were extreme in both directions – with some stats plummeting while others gained steam – but all of the changes were good for the market overall.

The good: The median price of homes sold in July was 2% higher than it was in June. And at $189,500, it was also the highest median price since 2008.

The “bad”: The sale of properties in the foreclosure process fell to the lowest monthly share since January 2000 (which is the earliest date with relevant information). The number of all-cash home buying transactions also fell to its lowest level since 2008.

The overall good: The expansion of median home prices, paired with the growth of overall market sales volume, contrasted by the drop in all-cash and foreclosure buyers, is actually good news for the housing market. Why? According to Darren Blomquist, the Vice President of RealtyTrac, it is “evidence that housing is successfully transitioning from an investor-driven recovery, to one that is drawing in traditional buyers as a good foundation for sustainable growth going forward.”

Source: Mortgage News Daily

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Topics: Mortgage, Home Loans, Market, Home Sales, Home Value, Home Buyer, mortgage news

White Does Not Equal Plain

Posted by Amy Patterson on 9/2/15 4:49 PM

Classy, elegant, clean, fresh – these are some of the words that come to mind when I think of a white-inspired interior design palette. Whether it’s all-white walls, white cabinetry, white flooring or white accessories, it is a color (non-color?) that matches every aesthetic and theme  and, like its counterpart black, truly goes with everything.  

Much like black, white can take on different styles depending on what color(s) it is paired with. This white room with black accents looks modern….

 

Photo via: Harpers Bazaar

 

While this white office space with neutral accents looks soft and cozy. 

 

Photo via: Harpers Bazaar

 

Pale cabinetry paired with natural wood flooring brings a cottage feel into any home, and creates a space that is light and airy. 

 

 

Photo via: The Gardening Cook

But, because white is so dreamy, you can’t forget about its potential in the bedroom…

 

Photo via: Residence Style

 

White can be a statement – it’s not plain and it’s far from boring. In fact, there are many different shades of white you can choose from to accent your home – check out these 20 great shades of white

 

Photo via: Laurel Home

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Topics: Design, Homeowners, Home Loans, Home Sales, Color, Interior Design, Decor, Decorate

Existing Home Sales Rise

Posted by Amy Patterson on 8/25/15 4:42 PM

July marked the third consecutive monthly gain for existing home sales. According to the National Association of Realtors, sales of pre-owned homes from all categories – single-family homes to condominiums – rose 2% from the previous month.

Even more impressive than the three-month gain, however, is that July had the fastest rate of sales since February 2007 – making it the highest since the housing bubble crisis and recoup. Additionally, single-family homes also reached a new sales high, unmatched since February 2007.

According to Lawrence Yun, Chief Economist at the National Association of Realtors, the gain can be attibuted to the growth of the job market and the constant threat of rising mortgage rates. "As a result,” Yun said, “current homeowners are using their increasing housing equity towards the down payment on their next purchase."

Source: Mortgage News Daily

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Topics: Mortgage, Homeowners, Home Loans, Home Sales, Home Buyer, mortgage news

Rent Rises

Posted by Amy Patterson on 8/18/15 4:24 PM

THIRTY PERCENT – that’s the amount of your monthly income you can expect to pay for rent throughout the US currently. But it gets worse, in some historically higher markets, such as Los Angeles, San Jose, Miami and San Francisco, renters are forking over as much as 40% of their monthly income to landlords. While these markets have almost always been considered pricey by most, the 40% percent is a 10% point jump up from the usual rate.

But while circumstances are looking bleak for renters, homeowners are experiencing something entirely different. In fact, homeowners, overall, are spending only an average of 15.1% of their monthly income on their mortgage payment. This is a significantly lower number than before the real estate bubble (and the consequences thereof), when homeowners were spending around 21.3% of their monthly income on their mortgage payment.

While some fear that mortgage rates will soon rise, thus offsetting this large gap, according to Zillow’s quarterly report, even if rates were to rise to 6%, homeowners in most areas would still be spending less than 30% of their monthly incomes on their mortgage payments.

Are you interested in becoming a first time homebuyer? Download our free First Time Homebuyer’s Study Guide today

Source: Zillow

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Topics: Mortgage, Homeowners, Home Loans, Rent, Renting, Home Sales, Savings, mortgage news, income

Awe-Inspiring Bathrooms

Posted by Amy Patterson on 8/11/15 4:26 PM

Your home should be the place where you feel the most relaxed. There’s a reason people say that there’s no place like it…because there really is nothing like stepping through your doorway after a long hard day, kicking off your shoes and melting into your couch. Among the most relaxing rooms in your home, you’ll usually find your living room, bedroom and bathroom. These rooms, when designed and furnished properly, can be peaceful escapes from reality. So today, we’re going to introduce you to some of the most dreamy, most awe-inspiring bathrooms, and the special touches that can help you convey the same look in your home – without a total design overhaul.  

Natural materials.

Materials like stone and wood help to create an earthy and serene atmosphere. 

Photo via: Decoholic

Plants

Including plants in your bathroom can help promote relaxation – especially plants that are aromatic. 

 

Photo via: Decoholic

Lighting

The lighting that you choose plays a large role in the feel of your bathroom. Stick to dim (candle-like) lighting to promote a calming feel. 

Photo via: Decoholic

Colors

The colors you choose to incorporate in your bathroom play on of the biggest parts in the feel of your room. For a relaxing atmosphere, choose light, natural colors that are warm and not distracting. 

 

Photo via: Decoholic

Windows

Natural light is one of the best ways to bring the outside – and all of its benefits – in. 

 

Photo via: Decoholic

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Topics: DIY, Design, Homeowners, Home Loans, Home Sales, Home Value, Interior Design, Decor

Be Sure Before You List

Posted by Amy Patterson on 7/30/15 4:10 PM

Are you think about selling your home? Don’t. Rush. It. Research shows that if you list your home before you’re really ready, your decision could be met with a long list of negatives. So how do you know if you’re ready? Answer these questions to find out.

Are you certain you are ready to list?

If you can’t say without a doubt that you’re ready, chances are you probably aren’t…and that’s okay! Think about the reasons why you’re not and work toward checking those items off your to-do list.

Do you have a plan once you sell?

You should have a game plan for after your home sells. While in the past it has sometimes taken homeowners months or even years to sell their homes, right now, the market is booming and sellers are seeing record turn-around times.

Do you know your listing price?

Listing price can be a difficult thing to decide on. If you’re working with a realtor, your problem is solved, but if you’re not, you’ll need to research market and local data to determine the correct listing price for your home. With the technology that buyers have access to, “trying to see how much you can get” for your home is not always the best strategy. Buyers can access information on your property and its history.

Have you staged?

Staging your home is important, and can make a big impact on the response that potential buyers will have to it. Before you list your home, you should have an idea of the amount of time you’ll need to stage it. In our current market, you could list today and have an interested buyer on your doorstep tomorrow.

Do you need to make repairs?

Do you have a floating list of repairs that you have been meaning to get around to? Before you list your home, you should either take care of them or calculate the cost of their repair into your home’s listing price. 

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Topics: Home Loans, Realty, Real Estate, Home Sales, Home Value, Home Buyer, Staging, Realtor

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