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Twelve days before Thanksgiving, Mark and Sue Meaney decided to put their 109-year-old house on the market. They looked at comps of similar-sized homes near their St. Paul neighborhood, agreed on a price with their agent and waited anxiously for their first offer to roll in. Mark and Sue knew their timing wasn’t ideal. The […]
The post New Data Finds Homeowners Struggle When Selling, Despite Hot Market appeared first on RISMedia.
For homeowners that are looking to access home equity funds, but don’t want to take out a second loan, a home equity line of credit (HELOC) or a reverse mortgage, there are not many options; however, blockchain technology is looking to change that by offering investment opportunities that are tied to a home’s equity and […]
The post Weighing Risk and Reward: Crypto-Investing in Home Equity appeared first on RISMedia.
Just a few days shy from the 2018 tax deadline on April 17, and controversy surrounding the new tax law—the Tax Cuts and Jobs Act—is leaving multitudes of homeowners uncertain about whether they should claim their prepaid property tax deductions. The new law imposes a $10,000 cap on state and local tax write-offs (previously unlimited) […]
The post Prepaid Property Tax Debate Undecided appeared first on RISMedia.
For many Americans, homeownership is a vehicle for wealth—an appreciating asset that, more often than not, earns a profit at resale. In the market today, homeowners are all but promised to reap the rewards. According to an analysis recently released by Zillow, appreciation is so healthy that homes in many markets are producing more than […]
The post With Fast-Growing Prices, Gains in Equity Are Exceeding Minimum Wage appeared first on RISMedia.
Consumer confidence retracted in March, posting a 127.7 reading in the latest Consumer Confidence Index® from The Conference Board. February’s reading was 130. The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, fell to 106.2; in addition, the Present Situation reading, which gauges […]
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(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet. The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate […]
The post 5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet appeared first on RISMedia.
Are you a homeowner listing your property for sale? Consider the expenses that are often overlooked by sellers: cleaning costs, moving costs, painting, staging… “Even in the hottest housing markets in the country, selling a home takes time and costs money,” says Jeremy Wacksman, CMO at Zillow, which assessed the costs that come with listing in […]
The post Home-Selling Can Come With $18,000-Plus Price Tag appeared first on RISMedia.
Getting Equipped to Win Buyers are flocking to the market this spring, with high hopes even as they face a frenzy of multiple-offer situations, according to new realtor.com® research. Currently, inventory is down 8.5 percent year-over-year. In addition to the buyers out in droves for the first time, many have been on the hunt for […]
The post Buyers Have High Hopes for Spring appeared first on RISMedia.
(TNS)—For millennials who are ready to become homeowners, finding an affordable house in a great community can be challenging. With housing inventory historically low, real estate in major metro areas is at a premium. It’s no surprise, then, that young buyers are moving to the suburbs, according to the 2017 Home Buyer and Seller Generational […]
The post 5 Great Cities for Millennial Homebuyers appeared first on RISMedia.
Consumer confidence leapt in February, posting a 130.8 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 109.7, while the Present Situation reading rose to 162.4. January’s reading was 124.3. “Consumer confidence improved to its highest level since 2000 (Nov. 2000, 132.6) after a modest […]
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