Homeowners and real estate investors alike share at least one goal: to see their properties appreciate in value.
Yet the run-up in the U.S. housing market in some parts of the country has raised concerns about valuations and whether it still makes sense to buy, said Steve Hovland, director of research for HomeUnion, a real estate investment management firm. The U.S. economy is also in its eighth year of economic expansion, the third-longest expansion in the country's history. That's prompting questions about whether a pullback is on the horizon.
Singling out locations that provide strong investment returns as well as low risk may help mitigate the chances of losing money on a property. The company used
- The average house sold in May went under contract in just 37 days.
- Homes are selling faster than ever because supply is tight and demand is high.
- Denver led the nation in fastest home sales.
The competition for housing is heating up along with the summer temperatures and continuing to set new records.
The average house sold in May went under contract in just 37 days, that's the fastest reading since Redfin, a real estate brokerage, began tracking the market seven years ago. The previous record, set in April, was 40 days.
Homes are selling faster than ever because supply is tight and demand is…
6TH ANNUAL JR MEMORIAL CRUISE FOR A CURE
SATURDAY, JUNE 23, 2018
Spend the day on Indian Lake cruising for the cure at the 6th annual fundraiser that hosts an amazing cast of Buckeye Greats to include Matt Wilhelm, Tom Cousineau, Anthony Schlegel, Jake Ballard, Butch Smith, Justin Zwick, Dustin Fox, and JJ Sullinger! You just may win a cabin for 2 on the Buckeye Cruise for Cancer for attending! Event will have great music, food, and auctions all day long!
SCHEDULE OF EVENTS:
1:00pm: Cranberry Resort
4pm: Mimi’s at the Lake: Silent Auction starts, live music featuring Buckeye Cruise favorite AJ Angelo
6:30pm: The OSU Alumni Band will be joining us to get everyone singing Buckeye tunes followed by Player
Citizens Federal Savings & Loan Association 2018 Summer Movie Series in Mary Rutan Park in Bellefontaine!
June 1st at 9:00 pm- SING
June 15th at 9:00 pm- THE SANDLOT
June 29th at 9:00 pm- BEE MOVIE
July 13th at 9:00 pm- YOGI BEAR
July 27th at 8:45 pm- TROLLS
August 10th at 8:30 pm- PLANES FIRE AND RESCUE
Amanda Oboza Published 8:47 a.m. ET March 8, 2018
There are a lot of mortgage myths out there, so it is important to talk to the experts and get all the facts.(Photo: Getty Images/iStockphoto)
Most first-time homebuyers are excited for the house hunt, but not so keen on the most important step...obtaining a mortgage. The experience can be perceived as complicated and stressful, especially by first time buyers. Luckily there are local experts to guide you through every step of the way and help you avoid mistakes.
Tim Whelan, home loan specialist with Churchill Mortgage, says there are three phases of the mortgage process where things can potentially go wrong — shopping, contract, and after closing. The good…
By CREJ Jeff Johnson
Co-founder and principal, Pinnacle Real Estate Advisors, Denver
The Tax Cuts and Jobs Act was signed into law by President Donald Trump on Dec. 22. Many investors want to know what impact the new law will have on their own tax situation. With some quick research, and a lot of help from our certified public accountant, hopefully we can shed some light on the topic. The new tax laws are complicated and subject to change. These comments are only a guideline and not tax advice. Investors should consult with their CPA for advice for their particular situations.Andrew Monette
Associate adviser, Pinnacle Real Estate Advisors, Denver
As most investors…
You probably don't need to be told twice that purchasing a foreclosed home can be a high risk venture. Even making it to this page means you've likely been told dozens of times by now. Perhaps you've already looked through some foreclosure listings and found something that has piqued your interest, and you're looking to be talked into purchasing it- or talked out of it.
Buying any home is not a decision to venture into lightly, even more so when dealing with the minutia that comes with a foreclosed home. It can be time-consuming and…
If you're thinking about buying a home, this list can help get your search off on the right foot. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to think over before you make an offer. Consider these factors.
1. The Location
They say that the three most important things to think about when buying are home are location, location, location.
You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location. When you go house hunting, consider any potential home's proximity to your work, the…
By James Kimmons Updated April 12, 2018
Owning real estate carries with it a traditional "bundle of legal rights" transferred with the property from seller to buyer. These are the recognized rights of the holder of title to the property.
Real Estate Ownership Rights
- The right of possession: The property is owned by whoever holds the title. Once you close a real estate deal for cash and have the title in your hands, it's yours. Well, let's start out right away with the caveat that not paying property taxes and many association dues can get your property taken away from you. That said, when you have a deed in your name and no mortgage note or lien
In September 2017, sales of new homes in the United States shot up to the highest level in nearly a decade.
The Commerce Department reported an 18.9% increase for the month, during which about 667,000 newly built homes were sold—a figure not seen since October 2007. September’s increase also represented the biggest month-over-month percentage gain since January 1992.
While such figures may be great news for those monitoring the robustness of the country’s housing market, it’s not ideal news for buyers of modest means.
These statistics mean that Americans, unable to find existing homes, are increasingly turning to new construction. At the same time, however, homebuilders are overwhelmingly focused on creating higher-priced housing, which often…