Friday, June 5, 2015

FRIDAY - HUSTLE AND BUSTLE


- To-Dos: Your June Home Checklist
- Why owners often overestimate their home's market value
- U.S. Home Prices Set for a Fall in 2017?
- Impact of Facebook Inc on real estate in California’s Menlo Park
- Are you in a buyer's or seller's housing market?
- 10 Cool Things to Do With Concrete in Your House 

Enjoy!



Why owners often overestimate their home's market value - A new study published in the Journal of Housing Economics found that homeowners on average overestimate the value of their properties by about 8 percent. Homeowners may not have a realistic expectation of what their house is worth, especially when it comes to the added value of renovations. Researchers concluded that over-valuations probably are tied to erroneous owner estimations of the capital gains they've accumulated in the house. Without access to key data, such as recent sales comparables or accurate information on appreciation rates over time, it's tough to know exactly what your house is worth.

U.S. Home Prices Set for a Fall in 2017? - If personal income gains fail to keep pace with the recovery from the financial crisis, then Americans will face falling home prices in several years, according to analysis from Bank of America. The report from the bank posits that starting in 2017 the U.S. housing market will experience three straight years of “modest” declines in property values. While many experts expect continued home price appreciation, this report’s analysis diverges from such forecasts. Forming the basis of the report’s assertion is that the size of the recent gains in housing prices have far outpaced a job market in which unemployment has declined but worker pay has barely improved.

Impact of Facebook Inc on real estate in California’s Menlo Park - Menlo Park’s property increase comes within another economic explosion across wider Silicon Valley area. Job progress rate in the area raised 4.1 per cent in 2014, the highest since 2000, adding almost 58,000 jobs, according to Venture Silicon Valley. The normal annual income extended to $116,033, entirely compared with $61,489 in the US Shown by the study.

Are you in a buyer's or seller's housing market? - Today's homebuyers are a finicky lot and a mortgage-dependent lot and a confidence-lacking lot; they may want to buy a house, but they're not as willing to be as "house poor" as they might have been in the past. That is why it is more important than ever today, as both a buyer and a seller, to know your market well and know its housing value even better.

10 Cool Things to Do With Concrete in Your HouseHumble concrete is being reinvented in everything from bathroom fixtures to lampshades. Some of my faves:




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