Buyers Get ‘Back to Basics’ Preferring Updated Kitchens And Open Floor Plans Over Trendy Media Rooms
BURLINGTON, ON March, 2012 – A recent survey of 700 Coldwell Banker Real Estate professionals across North America revealed home buyers are motivated by lifestyle needs, with growing families ranking as top motivator on both sides of the Canadian/U.S. border. Meanwhile, sellers are becoming increasingly aware of the value of p... read more
Real Estate and Construction
Home sales increased throughout most of the Eighth District on a year-over-year basis. Compared with the same period in 2011, April 2012 year-to-date home sales were up 13 percent in Louisville, 3 percent in Little Rock, 20 percent in Memphis, and 18 percent in St. Louis. Residential construction increased in the majority of the District over this time period. April 2012 year-to-date single-family housing permits increased in the majority of the District metro areas compared with the s... read more
There are several factors consumers take into account when buying a home, including property features, proximity to their work and the surrounding community. The neighborhood they are moving into can play a large role on a new homeowner’s experience, so it’s important to research the particulars of each community thoroughly.
One of the first questions potential buyers should ask is whether the community is governed by a homeowners association. These associations are typically run by real esta... read more
Wise and cautious homeowners who purchase insurance coverage for their residences may not fully understand the differences between competing policies. If such a misunderstanding occurs, they may find out at the worst time that their coverage does not apply to their current circumstances.
If they are planning to stay in a home, this could be a significant inconvenience and expense. For those thinking about selling a home, it can also force them to postpone the sale for an indefinite period in order to... read more