Making the Decision to Stop Renting
It has always been said that owning a home is the American dream. According to the latest 2021 statistics from ipropertymanagement.com, "44.1 million or 35.9% of U.S. households rent their homes."
It has always been said that owning a home is the American dream. According to the latest 2021 statistics from ipropertymanagement.com, "44.1 million or 35.9% of U.S. households rent their homes."
It's a sizzling, fast-paced seller's real estate market right now. This is due in part to the inventory of available homes for sale being historically low. It was low at the end of 2019 and continues to drop.
It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999.
Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America.
Investing in real estate has become a hobby for some but a serious proposition for others. With money being inexpensive to borrow right now as interest rates remain low, more consumers are being bitten by the bug.
If you are looking to add a real estate rental property to your investment portfolio, now is a great time to do it. As interest rates are still historically low, it's inexpensive to borrow money right now.
Now that spring is here (or near) in many parts of the country, it's time to start thinking about a spring tune-up for the interior and exterior of your home. As the saying goes, "An ounce of prevention is worth a pound of cure."
Home staging practices evolve over time. If you are planning on selling your home in 2021, you'll want to help improve your property value by staging it with new trends, as well as incorporating tried and true staging practices.
In 2010, the Harvard University Medical School published five benefits that come with spending time out of doors. They were: an uptick in vitamin D levels; an increase in physical activity; an elevation of mood; improvement in concentration; and an acceleration of healing of illness or injury.