Half of U.S. Cities Face a Housing Shortage: Is a Fix on the Way?For the past 40 years, the housing supply has not kept pace with population growth — in part due to poorly conceived zoning laws and cumbersome regulatory constraints. A recent analysis by Up For Growth found that half of U.S. metros have an… Jan 13 23January 13, 2023Article at listwithclever.com
From Corner Office to Cozy Condo: What the Conversion Trend Means for HousingSince the pandemic, many cities have plenty of empty offices but not enough homes. As a result, commercial-to-residential conversions are at an all-time high. But will it actually lead to more affordable housing? We asked real estate experts to weigh… Dec 13 22December 13, 2022Article at listwithclever.com
Should Lenders Offer New Mortgage Incentives to Help Priced-Out Buyers?With interest rates hovering around 7%, some real estate insiders are calling on mortgage companies to intervene on behalf of home buyers to make home loans more affordable. So, why isn't it happening? How we got here After years of extra-low… Nov 23 22November 23, 2022Article at listwithclever.com
What a Recession Would Mean for the Housing Market in 2023With inflation still raging — and the Federal Reserve pledging to do whatever it takes to slow it down — many economists believe that a recession is imminent. Since a recession generally spells bad news for the housing market, what would a full-blown… Nov 10 22November 10, 2022Article at listwithclever.com
Most Americans Would Buy a Haunted House. They Fear Repair Costs MoreIn today's expensive housing market, buyers will overlook a lot to own a home, including pesky poltergeists. According to a survey of 1,000 Americans by Clever partner Real Estate Witch, 57% of home buyers say they'd consider purchasing a haunted… Oct 04 22October 04, 2022Article at listwithclever.com
Is a Rent-to-Own Home a Good Idea? 5 Things to Consider in This MarketMany people struggle to afford a home these days. Mortgage rates recently hit 6%, double from a year ago. The median home price shot up by $100,000 during the pandemic boom. And even before that, many people found it tough to come up with the down… Sep 22 22September 22, 2022Article at listwithclever.com
How to Find the Right Foreclosure Home in This MarketThe August foreclosure spike may open up a few opportunities for beleaguered home buyers – if they know how to find them. With the right resources, you can identify potentially discounted properties and determine if a foreclosure is a good idea for… Sep 14 22September 14, 2022Article at listwithclever.com
Should I Buy a Foreclosure in This Housing Market?Foreclosures are rising, presenting an opportunity for certain buyers looking for a more affordable home. The increase arises partly from the end of pandemic protections for homeowners but also from inflation and overall economic pressures. Buyers… Sep 12 22September 12, 2022Article at listwithclever.com
Should You Cash Out While Home Prices Are Sky-High? How to DecideMany of you have seen your home values skyrocket in the red-hot sellers' market. With the average home now worth 37% more since 2019, the prospect of cashing in on that appreciation may tempt you. But buying a new home at today's prices? Not so much.… Aug 22 22August 22, 2022Article at listwithclever.com
Should I Buy a House With a Special Warranty Deed?If a seller only offers a special warranty deed, title insurance SHOULD protect the buyer from any liens or claims on the property that the seller is or isn't aware of. A special warranty deed will provide more complete protection in the case of a… Jun 28 22June 28, 2022Article at listwithclever.com
What Is Buyer's Remorse?Causes | Dealing with a purchase you regret | Avoiding buyer's remorse | Getting over buyer's remorse | Pandemic-era and millennials' remorse | FAQs In real estate, buyer's remorse is a feeling of regret or anxiety after buying a home. Buyer's… May 09 22May 09, 2022Article at listwithclever.com
How Big Is a Mansion?👉 Sections: Mansion, defined | McMansions | Effect on property values | Mansions as an investment | FAQs There isn’t a hard and fast definition for how big a mansion is. The size range is generally between 5,000 and 8,000 square feet, but there’s no… Apr 20 22April 20, 2022Article at Real Estate Witch
What Is a Co-op and Is it Right for You?How a co-op works | Co-ops vs. condos | Pros and cons | Buying a co-op | Bottom line | FAQs A co-op (or coop, short for cooperative) is a type of housing owned or leased by a corporation. The shareholders of the corporation have an exclusive right to… Apr 14 22April 14, 2022Article at Real Estate Witch
Illinois First-time Home Buyer AssistanceHome buyer requirements | Programs in Illinois | Low-income assistance | Disabled assistance | The home-buying process | FAQs Illinois offers lots of programs with significant financial benefits for first-time home buyers, including: Grants or loans… Mar 11 22March 11, 2022Article at listwithclever.com
Top Real Estate Companies in GeorgiaGeorgia is home to the world's busiest airport (Hartsfield–Jackson Atlanta International), Coca-Cola, and more than 70 drives, avenues, and lanes with a variation of the word "Peachtree" in their names. According to Zillow data, the current median… Sep 24 20September 24, 2020Article at listwithclever.com
How Often Do Contingent Offers Fall Through? Learn How to AVOID IssuesWhat Does Contingent Mean? | Should You Accept a Contingent Offer? | Common Contingencies | Pending vs. Contingent | Time Limits | Negotiating Contingencies | FAQs If you've ever had a home sale fall through, you know it can be devastating. There's… Jul 12 19July 12, 2019Article at Home Bay
What is FIRPTA — and Why Is a FIRPTA Affidavit Important?What is FIRPTA?FIRPTA stands for Foreign Investment in Real Property Tax Act. It's a 1980 law that ensures foreign taxpayers pay income tax on U.S. property sales (as well as exchanges, liquidations, or transfers of property).If you live in the U.S.,… Jul 10 19July 10, 2019Article at Home Bay
What Is Earnest Money and How Much Should You Put Down?What is earnest money in real estate?Earnest money is a deposit (typically 1-3% of the purchase price) the buyer puts down when they sign the purchase contract. It shows that the buyer is serious about the sale, as they’ll forfeit their earnest money… Jul 10 19July 10, 2019Article at Home Bay
Fair Market Value vs. Appraised Value: Which Is More Important?What Is Fair Market Value? | How Fair Market Value Is Determined | How To Find Fair Market Value | Appraised Value | How To Find Appraised Value | Appraised Value vs. Market Value | Which is More Important? | FAQs Fair market value is how much your… Feb 28 19February 28, 2019Article at Home Bay
What Does Clear to Close Mean — and How Long Does It Take?Clear to Close | How Long Does It Take? | Common Lender Delays | Typical Clear to Close Timeline | After You're Cleared to Close | Tips to Speed Up the Process | FAQs What Does Clear to Close Mean?Clear to close means the lender inspected and… Aug 02 16August 02, 2016Article at Home Bay