Where do the wealthiest buyers and sellers own property? Coldwell Banker’s “State of Luxury Real Estate 2019” report breaks down the “power markets,” where affluent consumers flock for lifestyle and culture. The brokerage worked with the Institute for Luxury Home Marketing to analyze the top 5 percent and top 10 percent of active and sold listings in 2018.“There are hotbeds of luxury home sales at the million-dollar price point and hi
While wallpaper is once again an attractive decorating trend for homeowners looking for textures and accents, it's not for everyone. Designer Jessica Lagrange of Jessica Lagrange Interiors in Chicago works primarily with luxury clients who love wallpaper. Here’s what she advises about the “stay or strip” decision before listing a home.1. The clash test. Some wall coverings are neutral, such as those with small patterns, intriguing text
A different kind of market is on the rise, stretching beyond the big cities and just out West, a new realtor.com® report shows.The number one market on realtor.com®’s hottest market list for January is Midland, Texas.“Availability of affordable inventory is what’s driving the markets that are catching up,” says Javier Vivas, director of economic research for realtor.com®.Four of the five housing markets that increased the most in realt
The home theater is moving out of the basement and into the main living area. Home theaters are being replaced by multifunctional media rooms that feature lounge-style spaces—cozy couches, tables, and chairs around a TV, as well as a place to entertain guests or for the kids to do their homework, The Wall Street Journal reports.Homeowners Mark and Kathy Harrison in Indianapolis told WSJ they chose to have their home theater in the
Most markets across the country are still seeing home prices inch up, although at a slower pace than in previous quarters. The national median single-family home price in the fourth quarter of 2018 was $257,600, up 4 percent from a year ago, the National Association of REALTORS® reported Tuesday.Regional BreakdownHere’s how existing-home sales fared across the country in the fourth quarter of 2018:Northeast: Existing-home sales were at an
The tiny home craze has drawn a lot of attention over the last few years, but is it overhyped? Are more homeowners really ready to ditch their spacious digs for living spaces that are 500 square feet or less?Apparently not. Even the priciest places—where homeowners are the most likely to downsize and save on costs—are not favoring tiny homes. Tiny homes comprised only 2 percent of all home sales in New York City and San Francisco over th
Referred by our salesperson, Jonathan Parks. About Daretha Since the early 1980s, Daretha Paul has taken a lot of pride in being a professional businesswoman and a Dallas resident. She has also made it her business to specialize in “upscale” residential rentals in the DFW Metroplex.Her unparalleled success in this market is uniquely attributed to her ability to offer her clients a first-hand perspective of the Dallas area’s vibrant so
Tax season is here, and many homeowners may have questions about what they can and can’t write off under the new tax code.One big change: Homeowners who used to write off property taxes and interest paid on their mortgage may no longer be able to entirely. But that doesn’t necessarily mean they’ll pay higher taxes. HouseLogic, the National Association of REALTORS®’ consumer-facing website, offers guidance and worksheets on the chang
After inventory and affordability challenges in 2018, prospective home buyers may have better chances of scoring a property this year. Affordability will remain an issue in some high-priced markets, says realtor.com® Chief Economist Danielle Hale, but overall, the national market is looking brighter for buyers who have stayed on the sidelines. Here’s why.More homes are for sale. For the last few years, a limited number of listings has giv
As the threat of natural disasters increases—from hurricanes in the Gulf to wildfires in California—the real estate industry has learned that many homeowners in hazardous areas don’t have insurance policies that will fully cover the cost to rebuild. Such financial burdens add to affected homeowners' anxiety, while also forcing insurance carriers to re-evaluate the accuracy of their coverage.Homeowners who are underinsured may be more likely
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