Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply . That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains: “Sales for the entire year finished strong, reaching the highest annual level since 2006 . . . . With mortgage rates expected to rise in 2022, it’s likely that a portion of December bu...
Is This the Year You’ll Add a Home Gym? Is This the Year You’ll Add a Home Gym? Winter and early spring are typically great times for construction projects around the house. Not only do materials tend to be a bit cheaper due to reduced overall demand, but some labor costs may be reduced as well. Because of this, some homeowners tend to start looking for add-on projects or major remodels to undertake so that they can take advantage of lower prices and faster project starts. In recent years, one popular home project is adding a home gym, often converting a largely unused basement or garage space into an area for a wide range of workouts . It’s possible that you’ve considered adding a home gym yourself, either as a room conversion or in an exterior building or add-on. Let’s look at this project a little more closely to determine whether this is the year you should let those home gym dreams come true. Home Gym Basics When you think of a home gym, you might think of ...
The Next Generation of Homebuyers Is Here The Next Generation of Homebuyers Is Here Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report . The report found that 72% of Gen Z would rather purchase a home than rent long-term. As George Ratiu, Manager of Economic Research for realtor.com, says : “With nearly three-quarters of those surveyed preferring to buy versus renting long-term , the housing industry shoul...
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