Diana Olick | @DianaOlick Monday, 27 Mar 2017 | 1:30 PM ETCNBC.com Sluggish housing recovery takes a bite out of the economy  Monday, 27 Mar 2017 | 8:23 AM ET | 03:23 Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping
NEW YORK – The Federal Reserve is finally taking more action to raise its short-term rates. Last week, it voted to raise the Fed funds rate by 25 basis points. That is expected to add pressure to mortgage rates, too. Many housing analysts fear that rising mortgage rates could further impact home affordability and lead
NEW YORK – March 7, 2017 – Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than today, predicts Lawrence Yun, chief economist of the National Association of Realtors® (NAR), in his latest column at Forbes.com.
CHICAGO – Dec. 6, 2016 – A great kitchen can help sell a home, and real estate professionals are spotlighting it in their marketing. Of all the homes listed for sale on realtor.com, 69 percent of the listing descriptions highlight the kitchen as a selling point. Forty-nine percent mentioned the bedrooms and 35 percent highlighted the
ORLANDO, Fla. – Jan. 30, 2017 – Many homeowners who need to move decide to sell their current home so they can have plenty of cash to buy their next digs. Still, though, some might wonder: Should I sell or rent out my house? It’s a good question. Owning rental property, after all, brings in
NEW YORK – Jan. 19, 2017 – If a home improvement project costs $1,000, how much money will the homeowner get back if he sells the home – his return on investment (ROI)? In 2017, only attic insulation recoups more than its cost. The 2017 Cost vs. Value Report looked at 99 U.S. markets and
IRVINE, Calif. – Feb. 23, 2017 – Who is buying homes? A study by ATTOM and Clear Capital, “Landlord Land,” analyzes the “who.” It’s a deeper look at the recent real estate boom that has seen home prices flirt with all-time highs even as the national homeownership rate remains near its 50-year low. “Though prices
WASHINGTON – Jan. 25, 2017 – Granite is falling out of favor with homeowners. The engineered stone of quartz instead is displacing the long-reigning granite as the top-choice for kitchen countertops. “About 75 percent of our clients are opting for quartz over granite,” says Bill Millholland, executive vice president of the design-build firm Case. “More
NEW YORK – Jan. 20, 2017 – Annual inflation hit a 21/2-year high in December amid rising gasoline prices as a core measure of inflation increased moderately. The consumer price index rose 0.3 percent, the Labor Department said Wednesday, matching economists’ estimates. Prices were up 2.1 percent the past year, the largest annual jump since
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Most Tampa Bay residents have never heard of Westminster Heights. But the St. Petersburg neighborhood could give a lot of bang for the buck when it comes to investing in real estate this year. Lying south of Central Avenue between 49th and 58th Streets S, Westminster Heights tops Zillow’s list of the five bay area