Even Fixer-Uppers Are Flying Off the Market
In some markets, fixer uppers fly off the market faster than other listings: In Miami, the median fixer upper took 15 fewer days to go pending than the median move-in ready listing. In Atlanta, the median fixer upper went pending in 10 fewer days, and Dallas and Orlando, Fla., 9 fewer days.
Highly ‘Favorited’ Homes on Zillow Sell Faster and for More Money
Favorites are a leading indicator of market competitiveness: Homes that accumulate the most favorites -- in the 80th percentile of their metro or higher – sell faster than 64 percent of the homes in their area. Those same highly favorited homes sell for a higher sale-to-list-price ratio than most other homes in their metro area.
Need a Reason to Name Your Child Stuart or Alison? They Own the Most Valuable U.S. Homes
What's in a name when it comes to home? Lots, it turns out. Annes own the highest-value homes in 10 states, and of all the homes owned by Salvadors nationally, 46.9 percent of those homes are in California.
Return on Rent: In Most Major Markets, Most Homes Can Be Rented Out for A Profit
Mom-and-pop real estate investors looking to buy a home and rent it out for a profit essentially can’t go wrong purchasing a large majority of homes in most major markets nationwide – except for a handful of metros largely clustered along the West Coast and Northeast.
Whole Foods & Trader Joe’s Provide a Healthy Boost to Nearby Homes
We’ve proven that homes near a Starbucks appreciate more quickly than both the typical U.S. home and homes near rival Dunkin’ Donuts, giving you and your barista something interesting to discuss while your half-caff vanilla soy latte brewed. But what were you supposed to say to the cashier at Whole Foods when purchasing your favorite organic camel’s milk to top off your latte?
What’s the Best Time of Year for Home Buyers?
The start of the busy home shopping season in early spring is a time of optimism for would-be home buyers – more new listings come on the market in spring than any other time of year. Come late spring, however, that optimism may turn into desperation as fear of missing out on the season’s newly listed homes leads many to pay more for a home than they otherwise may have.
No Construction: Why Yesterday’s Luxury Home Remains Today’s Luxury Home
Reversing a trend from prior decades, homes built when the housing bubble first started to inflate and through the height of the housing boom have held their value better than older, existing homes over the same period. But a lack of new construction in more recent years means those homes that were new a decade ago still remain “new” relative to other existing homes, and are not depreciating in value fast enough to replenish the quickly dwindling supply of livable, but older, more-affordable homes.
Lack of New Homes Helping Drive New Construction Prices to Record Highs
Anemic new home construction activity in the wake of the housing bust is doing more than constricting overall inventory of homes for sale – it’s also helping push up both the price of those new homes that are built and the overall age of homes that do sell.
The Whens of Our Sales: Strategy Tips for Timing the Housing Market When Selling A Home
For the second year in a row, listing near the end of the selling season looks to be the best option for those sellers looking to both earn the highest return on their home and sell it quickly.
A lack of new home construction in the wake of the housing bust – especially in some of the nation’s hottest and most desirable housing markets – coupled with an aging housing stock is leading to a bump in the share of homes listed for sale in need of a little TLC.
