The average rate on a 30-year mortgage increased to 6.91%. In Idaho, the median home price is $559,450, requiring a 20% down payment of $111,890, resulting in a monthly payment of $2,951. With a 10% down payment, the upfront cost is $55,945, leading to a monthly payment of $3,319. These payments exclude taxes and insurance. … Continued
In 2024, the office sector saw significant changes with high vacancy rates and minimal increases in office utilization. Nationally, office space under construction decreased to 57.8 million square feet, down by 39 million from 2023. In the Western U.S., the office pipeline dropped to 694,266 square feet from 1.6 million in 2023. Notable developments included … Continued
Sales inching up 2.0%, showing modest interest.Prices surging 12.3%, indicating strong competition.Limited inventory growth may sustain price pressure.
Real Estate taxes are based on the assessed value of your home, determined by the municipality. Personal property taxes apply to movable items like cars, boats, equipment, and business assets.
As a first-time home buyer, you must list your “must-haves” for your new home. Do you need flexible space for a play area or a minimum number of bathrooms? It would be best to have a general idea of … Continue to full article
2025 housing market: moderate rise in home sales, stabilized mortgage rates, and slower price increases. All-cash buyers make up 26% of sales, driven by increased homeowner equity.
In October, the combination of rising mortgage rates and high home prices has slowed home sales to a 14-year low.New single-family home sales ↑ 4.1% MoM, signaling potential market recovery.
The real estate market can be intimidating for house hunters, but there are strategies to save for your dream home. Consider your budget, credit score, and overall costs of homeownership. Use a mortgage calculator to determine what you can afford. Save for a down payment, closing costs, and moving expenses. Assess your finances, set savings … Continued
Real estate agents' fees are negotiable, and sellers have more leverage in the current market. It is important to research the commission landscape in your area and meet with multiple agents to compare services. Highlighting factors that make your home easier to sell can be used as a bargaining chip. Exploring alternative sales models, such … Continued
Selling a home in the changing real estate market of 2023 requires strategic and informed approaches. Sellers should stay updated on market trends, use comprehensive online guides, understand market dynamics, price their homes correctly, enhance their home's appeal, be open to negotiation, choose the right representation, and utilize modern selling options like iBuying and online … Continued