REAL ESTATE BLOG

By: Dale Meller   Written by Dale Meller, Association Executive, Beaver Creek Area Association of REALTORS® In the Fall of 2019, I approached Lisbon, Ohio Mayor Roger Gallo to present a copy of "On Common Ground" and discuss how the Beaver Creek Area Association of REALTORS® (BCAAR) might serve the community. Not long after that visit, Village Councilman (and now Mayor) Peter Wilson contacted me to follow up....

By: Melissa Dittmann Tracey   Make a bold statement with just one wall. The accent or statement wall is coming back as a home trend in 2021, says Brian Santos, director of education for Fresh Coat Painters, a nationwide painting firm, who are also known as the “Wall Wizard.” Statement walls also pay homage to another hot trend emerging in home design: the influence of the “Roaring Twenties.” Santos says...

By: Nadia Evangelou   Mortgage rates rose sharply this week following the trend of the 10-year Treasury yield. Specifically, according to the finance mortgage provider Freddie Mac, the 30-year fixed mortgage rate rose to 3.01% from 2.88% the previous week. While rates were below 3% for the last nearly four months, it seems that rates at the 2% range are likely over. Inflation has risen above the 2% target since April....

By: Audra Slinkey   Get inspired for your own listings with the Home Staging Resource’s(link is external) “Best of the Best” awards, recognizing home stagers for their designs. The before and after photos(link is external) from August entries on HSR’s Facebook Group, Stagers Connect,(link is external) show the impact staging can make on a home. Peruse...

By: Melissa Dittmann Tracey   With more time spent on activities in the home, flexible design is becoming increasingly important to homeowners. Also, homeowners are looking for ways to bring more outdoor elements inside. These are among the latest home trends, according to Houzz, a home design and remodeling resource. Houzz researchers identified the top emerging home design trends based on search insights from homeowners and...

A small bar area in a home can offer up some fancy design. After all, you may be celebrating happy hour more often at home after a long day of remote work. So, don’t overlook the bar as a staging area. Top designers weigh in with some of their favorite inspirations and tips for a home bar. Find Your Entertaining Corner Photo credit: Patrick Cline "When first deciding where to install your home bar, think about the areas in your home where you do the most entertaining...

By: Nadia Evangelou   "Mortgage rates showed little movement this week despite positive news on the Delta variant. According to the mortgage finance provider Freddie Mac, the 30-year fixed mortgage rate inched up to 2.87% from 2.86% the previous week. Thus, mortgage rates stayed below 3% for the last 9 weeks. What comes next? Mortgage rates will likely rise in the following months as inflation may last longer than expected....

By: Melissa Dittmann Tracey   Outdoor furniture made of concrete has become trendy. At first, it can seem like a harsh, gray addition to an outdoor space. But a touch of concrete—like in tables or pavers—can actually offer a very contemporary vibe. You don’t want all cement furnishings outside; that would be too heavy of a look. But concrete can offer great contrast when mixed with wicker and teak furniture. If...

Although PARK(ing) Day(link is external) isn’t until September, specifically the third Friday in September, now is the perfect time to start planning.    So first, what is PARK(ing) Day? PARK(ing) Day is an annual worldwide one-day event where citizens convert metered parking spaces into public parks and open spaces sometimes referred to as parklets(link is external).  The day is intended to encourage creative placemaking, particularly in places where...

By: Nadia Evangelou   "A strong labor market and higher consumer and producer prices overshadowed COVID-19 concerns, raising yield and mortgage rates. The 10-year Treasury yield rose to 1.35% from 1.19% the previous week. Respectively, the 30-year fixed mortgage rate increased to 2.87% from 2.77%. Nevertheless, even with this increase, mortgage rates are still near historic lows. A year ago, the 30-year fixed-mortgage rate was...

By Krisztina Bell, No Vacancy Home Staging Inc. The kitchen is the third most popular room to stage, behind the master bedroom and the living room, according to the National Association of REALTORS®’ 2021 Profile of Home Staging. It’s also one of the most important spaces that potential buyers look at when choosing a home to buy. Several kitchen trends are gaining traction, including intense, veiny countertop designs, statement lighting with a contemporary twist, and...

By: Catherine Mesick   REALTOR® Tina Newby hosts an online cooking show in her sellers’ kitchens, and buyers are eating it up. You will too when you see the recipe Newby shared with Culture Scan! Baking a fresh batch of cookies in a house for sale is a time-honored method of making a kitchen seem more enticing to buyers. But Tina Newby, an agent with Team Realty and Investment Solutions in Tampa Bay, Fla., takes it a...

By: Michael Hyman   NAR released a summary of pending home sales data showing that June's pending home sales pace declined 1.9% last month and fell 1.9% from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months. Three of the four regions showed declines from a year ago. The South had the...

By: Melissa Dittmann Tracey   You don’t have to spend a fortune to give your outdoor space more impact. Shelby Greene, a studio stylist at furniture retailer Living Spaces, offers some tips to transform the yard—whether big or small—on a tight budget. Lounging space: “Create a space where you and your guests can relax and soak up the nice weather,” Greene says. “To turn a backyard into a...

By: Melissa Kolodziej   Written by Melissa Kolodziej, Director of Community Relations, Raleigh Regional Association of REALTORS® In late 2019, Raleigh Regional Association of REALTORS® (RRAR) started a new journey in community engagement and relationship building. We recognized that if we truly wanted to be the best advocates for our members and ask the “tough” questions of our elected leaders, we needed to...

By: Scholastica (Gay) Cororaton   Apartment occupancy has increased in nearly all markets since the pandemic The apartment market is booming. Based on NAR's analysis of CoStar market data in 138 markets1, net absorption (change in number of occupied units) rose by 207,035 units in 2021 Q2 from the prior quarter. In 2019 Q2, a pre-pandemic period, net absorption was only 116,526 units, about half the current pace of...

By: Melissa Dittmann Tracey   Since the pandemic began, homeowners have had to figure out how to make every square inch of their properties usable. Lately, they’re looking to the garage, adding functionality to the space besides just for parking. The garage also could serve as a gym, play area, or home office. Aaron Cash, cofounder of home improvement firm Garage Living, says homeowners are taking a particular interest in...

By: Michael Hyman   At the national level, housing affordability declined in May compared to a year ago according to NAR's Housing Affordability Index, as the median family incomes rose modestly by 1.2% while the monthly mortgage payment increased 20%. The effective 30-year fixed mortgage rate1 was 3.01% this May compared to 3.29% one year ago, but the median existing-home sales price rose 24.4% from one year...

By: Catherine Mesick   “There are three places we can be in life financially,” said Ian Pruckner, speaking to host Aaron Amuchastegui, in a recent episode of the Real Estate Rockstars podcast(link is external). “We can live in the land of not enough. I remember what that’s like…The lack of money consumes you. Every decision you make is being made out of a position of lack. “The second...

Submitted by HomeLight(link is external) If you’re looking to cash in on this booming seller’s housing market,(link is external) you may want to put more focus on the home’s exterior. A home’s outward appearance plays a big role in whether potential buyers want to tour the interior. HomeLight, a real estate referral company, offers up several ways to give the home’s curb appeal an instant makeover: Lisa Romerein / Stone / Getty...

By: Lawrence Yun   “A strong 850,000 net new jobs were added in June. Residential construction workers and general contractors rose by 15,200, showing that more homes will be completed in the upcoming months and more housing inventory will be added. Commercial real estate shaved 11,700 construction and contractor jobs in June, marking a third straight month of decline, which assures no oversupply in the office and retail...

By: Scholastica (Gay) Cororaton   Homebuyers who make a 20% down payment and waive appraisal and inspection contingencies are on the rise, based on the May 2021 REALTORS® Confidence Index (RCI) Survey which reports monthly transactions from a random sample of REALTORS®1. Among all buyers2 who obtained a mortgage in May, the share of mortgages associated with at least a 20% down payment rose to 52% in May...

By: Holly Moskerintz   The National Association of REALTORS® encourages our state and local REALTOR® Associations to partner with others to make their communities better places to live. Our Placemaking Grant is available to our REALTOR® Associations to help fund the creation of new public spaces and destinations in a community. Since the launch of the grant in 2014, we have approved over $1.2 million in funding in over...

By: Melissa Dittmann Tracey (link is external) Interior designer Esther Dormer sought to give an old space a new life. She bought a dilapidated unit in an abandoned, 80-year-old building in Pittsburgh in March 2020, recognizing the potential in its stunning cityscape views and desirable location near restaurants and shops. Dormer spent last summer rehabbing the place during the COVID-19 pandemic. Every room in the house needed work. The...

Submitted by A Design Partnership(link is external) A Design Partnership, a public relations firm for designers, asked some of its leading clients nationwide to show off their favorite dad-inspired home designs. Use their creative works below as inspiration to make a Father’s Day gift list for dads who may be looking to spruce up their homes. The Pampered Dad Designer Marlaina Teich(link is external) recently completed a project for a professional New York baseball...

By: Nadia Evangelou Mortgage rates dropped further this week, although the Fed revised upward their forecast about inflation. Specifically, the 30-year fixed mortgage rate fell to 2.93% from 2.96% the previous week. In fact, mortgage rates remain at or below 3.00% for the ninth straight week. Thus, many homebuyers can benefit from these low rates while home prices are reaching record highs. Since 85% of buyers finance their home...

"The job market continues to make progress with 551,000 net new additions in May. Another 7 million jobs are still needed to get us back to pre-pandemic conditions. Construction jobs got a boost of 4,400 from homebuilding but were lower by 2,500 for residential general contractors. More lumber is needed but there were 1,100 fewer workers in the logging industry. In commercial real estate, there were 500 more jobs in the construction of buildings but a reduction of 16,800 general...

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Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as...

By: Melissa Dittmann Tracey     Windows are becoming a greater focal point in home design. Trendy black-trimmed exterior windows are gaining popularity, and more emphasis is being placed on showcasing windows from inside as well. Windows connect the indoors and outdoors and satisfy yearnings for nature for homeowners quarantining inside. Here are some ways windows are being showcased more in home design. 1. Black-trimmed,...