The information in this infographic comes from a video of NAR Chief Economist Lawrence Yun talking about his 2015 housing market expectations. He expects existing-home sales to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
Watch the video of Lawrence Yun’s forecast.
Read the news release about Lawrence Yun’s forecast.
Homer Simpson seems to be one of the more well-off characters that we’ve listed below. With affordable living being at 30% of one’s monthly income – Homer dominates with only spending about 15% of income on living. Other TV stars aren’t so lucky. Full house is devastated when taken into account San Francisco’s housing boom. With modern day prices even Don Draper of Mad Men would be spending too much on living, although I’d say it’s worth it to live in his homes.
Our TV stars seem to have good jobs and no one is living on the minimum wage. Well, there’s always It’s Always Sunny In Philadelphia. Who knows how that crew pays rent. [via]
As with the kitchen, the bathroom is always a high priority for home buyers. Here’s how to showcase your bathroom so it looks its best
Buyers love the allure of a fresh, beautiful bathroom that reminds them of luxury hotels or soothing spas they have enjoyed. And, most important, buyers want to envision themselves enjoying this luxury every day in their new home.
However, the reality is that most of us do not have the perfect bathroom. And we know that, in most instances, it is not a wise investment to do a full, costly renovation just for a home sale. It simply doesn’t translate into profit.
A better strategy is to maximize what you already have, on a budget. You want to transform your real-life, everyday bathroom into a five-star hotel experience that prospective buyers will love, without overcapitalizing. Here are simple ways to create havens with a wow factor.
From the National Association of Realtors:
For the second consecutive month, existing-home sales were on the rise in October, now above year-over-year levels for the first time in 12 months, according to the National Association of REALTORS®’ latest housing report.
Existing-home sales rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October. Sales now are at their highest annual pace since September 2013.
“Buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory, and stabilizing price growth,” says Lawrence Yun, NAR’s chief economist. “Furthermore, the job market has shown continued strength in the past six months. This bodes well for solid demand to close out the year and the likelihood of additional months of year-over-year sales increases.”
Read the entire article here.