Real estate investors are likely suffering from financial whiplash after the wild rise and fall of home values over the last 10 years.
The beginning of the last decade saw an unprecedented spike in real estate prices, which culminated in the bursting of the real estate bubble in 2006 and a financial crisis to boot. Then came the crash, and prices fell precipitously, with the Case-Shiller Housing Index losing 33% from its 2006 peak to the 2012 trough. But nearly just as quickly, investors flocked back to real estate as they realized that getting in at the bottom could be a great source of profit. Since the beginning of the housing recovery two years ago, the Case-Shiller index has regularly shown the national real estate market getting more than 10% pricier on a year-over-year basis.Read More
When you’re getting ready to sell your home, there are two punch lists you need to worry about. The first contains all the issues a good home inspector is likely to find and report to prospective buyers.
The second list includes relatively minor improvements that can be extremely persuasive when it comes to seducing a buyer. Let’s call it the “I can live here list.” It’s based upon the premise that a buyer needs to be able to envision the home as his or hers — not yours. In other words, try to make your home feel less like you and more like a new house.
For the most part, the improvements are simple and inexpensive, things you can typically do yourself. Taken collectively, they can speed the sale of your home and ensure a fair selling price.Read More
Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. We have included a quote from the article and a small comment from KCM for all three points.Read More