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Want The House? Write A Letter

January 22nd, 2018

“In a bidding war, penning a note to the seller can dramatically boost a buyer’s odds of success.”

Wall Street Journal

By Leigh Kamping-Carder

  In a tight market where bidding wars are common, a letter written from a potential buyer to a seller is a useful tactic to increase a buyers odds of getting an accepted offer. A personalized letter is a viable tool used to increase the seller’s confidence in the potential buyer. Journalist Kamping-Carder wrote, “In addition to flattering a seller’s ego – or assuring him or her the home will be cared for – a letter can also signal that the buyer is serious, which translates into a willingness to follow through even if hurdles come up in the sales process.” The goal of a letter is to convey that their is a person behind the contract. Follow the link below to read the full article: https://www.wsj.com/articles/the-strangely-effective-and-easy-way-to-win-a-bidding-war-1516280661

Homeownership Rate Rises in a Tight Market

November 2nd, 2017

Take a minute to read this piece by Laura Kusisto.  It was featured in The Wall Street Journal November 1st!

“The homeownership rate climbed to 63.9% in the third quarter, up from 63.7% in the second quarter and 63.5% a year earlier, the Census Bureau said Tuesday. The increase inst considered statistically significant, but it marks the second consecutive quarterly gain, which suggests upward momentum.”

 

Click to enlarge images of The Wall Street Journal article.


Realtors Launch Blitz to Block GOP Tax Proposals

November 2nd, 2017
Read Julie Bykowicz’s Wall Street Journal Article!

Realtors are trying to preserve  deductions for mortgage interest and property taxes.

 

“The Realtors recently deployed personalized digital advertisements in every district of House Ways and Means Committee members asking constituents to remind the lawmakers not to ‘let tax reform become a tax increase for middle class homeowners’…The National Association of Realtors has spent about $32 million on lobbying so far this year…”

Click to enlarge images of The Wall Street Journal article.

 

Generation of Renters Now Buying

May 12th, 2017

“The number of new-owner house holds  was double the number of new-renter households in the first quarter of this year compared with a year earlier, the share of first-time buyers is creeping back toward the historical average, and mortgages for first-timers are on the rise.” – Laura Kusisto and Chris Kirkham, Reporters for The Wall Street Journal

Click to enlarge images of The Wall Street Journal article.


Confidence Index Hits 9-Year High

September 28th, 2016

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“A gauge of consumer confidence rose in September to its highest level in nine years, a sign that American households are emerging from the recession’s long shadow and could continue to support U.S. economic growth.” – Ben Leubsdorf, Reporter for The Wall Street Journal  
  • Follow the link below to read the full article:
  • http://www.wsj.com/articles/u-s-consumer-confidence-rose-in-september-1474985597?tesla=y

Home-Price Gains Continued in July

September 28th, 2016
Wall Street Journal reporter Laura Kusisto, states that strong demand for homes and a shortage of inventory helped drive prices close to new highs in the month of July.
  • Follow the link below to read the full article:
  • http://www.wsj.com/articles/u-s-home-prices-continued-brisk-growth-in-july-case-shiller-says-1474981227?tesla=y
scan00020**click the image above to read the article

Home Sales Dipped Again In August

September 23rd, 2016

An article by Josh Mitchell in The Wall Street Journal gives insight into the housing market. Click on the article below to read in a larger/zoomed in view.

http://www.wsj.com/articles/existing-home-sales-fall-for-second-straight-month-1474553092?tesla=y scan00010

Purchases of New Homes Soar

August 25th, 2016
Purchases of New Homes Soar    

Take a minute to read this piece by Eric Morath that was featured this week in The Wall Street Journal!

“Through the first seven months of the year, new-home sales rose 12.4% compared with the year-earlier period.”

Link to the electronic copy of the paper below:

http://online.wsj.com/public/resources/documents/print/WSJ_-A002-20160824.pdf


Home Sales and Taxes: How Much Will You Owe?

June 15th, 2016
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Take a moment to read this informative article on home sales and taxes!
“Q: Can’t I defer, or even eliminate, capital-gains taxes simply by selling my home and rolling over the proceeds into another home that costs as much as the old one, or more?
A: No, that law died in the late 1990’s,”
-Tom Herman,Wall Street Journal reporter
Link To Article Below…
http://www.wsj.com/articles/home-sales-and-taxes-how-much-will-you-owe-1465783501

What Features a Home Needs So you Can ‘Age in Place’

June 6th, 2016
  Glenn Ruffenach, Wall Street Journal Reporter, provides readers with three resources which can help a great deal in determining what features a home should have so you can comfortably “age in place.”  A report from the Joint Center for Housing Studies at Harvard: “Housing America’s Older Adults: Meeting the Needs of an Aging Population”, found that there are five features which make a home safe & accessible. [Go to jchs.harvard.edu and highlight: Research]
  1. No-step entrances
  2. Single-floor living
  3. Switches and outlets reachable at any height
  4.  Extra wide hallways and doors
  5. Lever-style door & faucet handles
The National Association of Home Builders and its “Aging-in-Place Remodeling Checklist”, provides more than 100 suggestions that can help homeowners age 50-plus live “safely, independently and comfortably.” [Go to nahb.org and search for: aging in place] Finally, the “HomeFit Guide” from AARP, has a 26-page report explaining how to create a ‘ lifelong home’. [Go to aarp.org and search for: HomeFit] Link to article located Below… What Features a Home Needs So You Can ‘Age in Place’

 
 
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