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Category: Real Estate

Holiday Season Great for Home Deals—If You Can Cope With the Downsides

Holiday Season Great for Home Deals—If You Can Cope With the Downsides

A recent, informal survey by the National Association of Exclusive Buyer Agents (NAEBA) asked its members—real estate brokerages that only represent home buyers—to report in on the challenges of shopping for a home during the holiday season. The responses are in most cases either entertaining—“Aftermath of a New Year’s Eve party including passed out guests complete with open and spilled adult beverages”—or daunting—“Sellers reluctant to show because house is a wreck or too much company in house” and “difficulties in…

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Fewer First-Time Buyers Than Ever Entering U.S. Housing Market

Fewer First-Time Buyers Than Ever Entering U.S. Housing Market

The latest Profile of Home Buyers and Sellers (2015) from the National Association of Realtors® (NAR) contains a stark statistical representation of how difficult it is for young (and possibly not so young) people to buy their first home: only 32% of buyers were first-timers last year. That’s the lowest share since 1987, when it came in at 30%. The reasons are widely known and discussed: high home prices (and therefore needed down payments), low inventory of homes for sale,…

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Halloween Décor Spending at Odds With Tiny House Trend!

Halloween Décor Spending at Odds With Tiny House Trend!

The pumpkins, plastic gravestones, oddly placed fake spiderwebbing, and other home and yard decorations are making their yearly appearance. In fact, according to the National Retail Federation’s annual study, 70% of Americans plan to decorate their home for Halloween in 2016, spending a collective $2.4 billion to do so. For anyone with a practical bent, the truly scary thing is having to store all those items after Halloween is over. (With the exception of the carved pumpkins, of course, which…

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Trouble Selling Your Luxury Home? At Least You’re Not a Celebrity!

Trouble Selling Your Luxury Home? At Least You’re Not a Celebrity!

Are Americans less starry-eyed about celebrities than they used to be? (Hard to believe, with a reality-TV star a nominee for the U.S. presidency.) Or is there some other explanation for the fact that, according to a widely reported Redfin study, celeb-owned properties sit on the market for “about 36 days longer than other homes and they usually sell for less than the original asking price,” and in some cases for less than the amount they purchased it for? One theory posited by…

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Adult Kid Living at Home? You’re Not Alone, And It’s Not Forever

Adult Kid Living at Home? You’re Not Alone, And It’s Not Forever

Pricey rental markets, low housing inventory and high home costs, crushing student debt loads, and difficulty finding jobs are adding up to an unmistakable U.S. trend: kids moving back in with mom and dad after graduating from a college or university. If you live in New Jersey, Connecticut, New York, Florida, or California, the odds of having a child living at home are especially high, according to an August 18, 2016 analysis from Stateline. Feel better now that you know it’s not…

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