You hear a lot about the down payment required to buy a home, but closing costs are also a significant consideration. You can’t eliminate all or even most of these costs, but there are steps you can take to reduce them. You can do this by understanding how much closing costs amount to early in the purchase process. Several factors go into determining your closing costs. These vary depending on the state in which the property is located, local market traditions and from lender to lender. You … [Read more...]

Perhaps you are a homeowner preparing to sell your home and are curious what features will make your home standout to potential buyers. You wonder if things like appliance updates really will grab more attention in listing photos and if you should do a bathroom remodel instead of updating the kitchen. At realtor.com, home is everything and we can help. Based on a recent survey by our consumer insights team, which took into account such factors as where people live by state as well as location type (urban, … [Read more...]

Quite a bit has changed since the housing bubble burst and the world plunged into a bleak recession. Rampant layoffs have been replaced by a booming economy and hiring sprees. A housing market pocked by foreclosures and abandoned construction sites is now on fire. But the postcrash price growth might actually be higher than most thought. Home prices shot up a cumulative 50% over the past decade, from June 2009 through May 2019, according to a recent report from real estate information provider CoreLogic. … [Read more...]

The housing market has been sending mixed signals in recent months, with existing home sales rocketing back in May from spring lows. But even with many buyers treading cautiously, Realtor.com Chief Economist Danielle Hale says there are growing signs bidding wars could be coming back in the fall. The inventory of homes coming on the market has been growing at just under 3%, way below the 6% rate from the start of the year. “If that declining growth trend continues, we could see maybe this fall that we’ll have … [Read more...]