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Economists Revise Housing Figures Amid Optimism
Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price forecast from 4.7 percent this year to 8 percent. Capital Economics’ Economist Paul... Continue reading→
Pepaw and the $3.50 mortgage
Our small town of Front Royal was dominated by a rayon plant that was one of the world's largest producers of Rayon. Pepaw, known to his contemporaries and colleagues as Frank Nesbitt, was a hard-working Irish Catholic who spent forty years at that viscose factory making rayon. Pepaw was my grandfather. Legend tells me that... Continue reading→
Top-10 Wealthiest Counties in the U.S.
3 of Top 10 Wealthiest Counties Are In Northern VA The nation’s wealthiest counties are all suburban retreats outside of large cities, according to an analysis by Forbes magazine. The data comes from the U.S. Census Bureau, which examines the average incomes in 1,889 counties. Of the top 25, 19 of these counties are on... Continue reading→
Take the Stress Out of Homebuying
Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible. 1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that... Continue reading→
About Ral Partha
This is pulled from a letter from me to Bob Olley, a sculptor in England: Since you never visited Partha, let me paint a quick picture. Let's start with the fact that Cincinnati is not the most beautiful city in America. It's not Detroit, but it is a failing/failed industrial town. This city was a... Continue reading→
9 Tips to Guide for Your Home Search
1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing. 2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your expectations. There’s no such thing as a perfect home.... Continue reading→
Essential Negotiating Skills
1. Be prepared. This works for negotiators just as it does for Boy Scouts. Be sure all facts are available and verified before you begin. Postponements for fact-finding can bog down the negotiation. 2. Present a united front. You might not agree with your clients’ position but don’t share that with the other side during... Continue reading→
4 Reasons Your Listing Might Not Be Selling
Do you have a home lingering on the market? MSN Real Estate recently polled real estate professionals to find some of the most common reasons why some properties won’t sell, besides trying to overcome a poor location. Here are four common reasons listings don’t sell in a timely manner, according to the MSN survey: Unreasonable... Continue reading→
Home Preferences of Millennials
The Millennial generation is showing a preference for fixer-upper houses over the “cookie cutter” luxury homes their parents’ generation tended to desire, according to a national survey by Better Homes and Gardens Real Estate. About one in three 18-to-35 year olds recently surveyed say they prefer a “fixer-upper” home with minimal repairs needed. Forty-seven percent... Continue reading→
Global Luxury Market Is Booming
The international luxury real estate market appears to be relatively immune to economic headwinds, according to a report by Christie International Real Estate, a luxury real estate affiliate network. Christie’s International Real Estate Index monitors record sales prices, prices per square foot, among other indicators in the global luxury real estate market. London emerged at... Continue reading→