Real Estate Blog

Starter Home Prices Rising in the Midst of Limited Inventory

Tuesday, May 24th, 2016 at 11:24am. 20 Views, 0 Comments.

The housing market has embarked upon its sixth consecutive year of recovery and continues to gain ground while defaulted mortgages and foreclosures are decreasing to an all-time low since 2007.  Property values are steadily rising along side home owners' equity.  

The average home price in April escalated to $231,000, a 7.4% increase from the previous year.  The current recovery pace will bring about a season which marks first time home prices rising beyond the 2006-2007 peak levels.  Price appreciation rates have tapered off from 2012 and 2013.  After the lowest dip in 2014, year-over-year growth has has become more sustainable at 5-6% rates.  

This busy home buying season is marked by inventory shortages and escalating biding wars, much like

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HUD Examines Housing Opportunities for Young Adults Repaying Student Debt

Monday, May 23rd, 2016 at 10:38am. 43 Views, 0 Comments.

For young adults who are repaying student loans, home ownership seems like a distant dream.  U.S. Housing and Urban Development Secretary Julian Castro recently announced some of the regulatory changes coming soon to ensure housing opportunities exist for younger generations, specifically for those who are struggling to repay student loans.  

While hard work, building up a solid savings account, and personal investment via higher education have always been stepping stones to the American dream, increased costs for education seem to be getting in the way of achieving that dream.  

Castro states that HUD is committed to exploring changes which will help more Americans purchase a home and, in November of last year, the Federal Housing

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Boost Your Credit Score BEFORE You Shop for a Mortgage

Sunday, May 22nd, 2016 at 11:06am. 36 Views, 0 Comments.

Most mortgage applicants know that the higher their credit scores, the lower the interest rate when purchasing a mortgage.   The mildest decrease in interest can save you a great deal of money over the life of a 30-year loan.  Short term efforts to boost your credit score will save you money in the long term.  

Lang Premier Properties advises consumers to begin credit improvements six month prior to shopping for a mortgage and one year is even better.  Consider utiziling the services of a credit monitoring company in order to search for gaps in your credit score and effectively repair them. 

It is best not to pull your credit report from all three major credit bureaus simultaneously.  You are entitled to only ONE free copy of your credit report

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5 Questions to Ask as You Shop for Your Vacation Home

Saturday, May 21st, 2016 at 9:47pm. 43 Views, 0 Comments.

If you are in the market for a vacation home, Lang Premier Properties suggests five questions to be asked prior to the purchase of your dream getaway.  

1. Where to buy?

It is not uncommon for casual vacationers to long for a home to escape to while vacationing at a prime destination.  The question of where to buy is a logical one and largely depends on how far you'd like to drive or fly.  Your budget also factors in greatly as well as whether you'd like to rent out your new property in your absence.  

More than 80% of vacation home buyers elect to purchase property within driving distance of their primary homestead.  Half of the population of vacation home owners enjoy a getaway located within 50 miles of their home.  If you

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5 Ways to Enlarge Tiny Spaces

Friday, May 20th, 2016 at 10:46am. 37 Views, 0 Comments.

Lang Premier Properties presents five tips for enlarging tiny spaces:

1. - GLOSSY CEILINGS.  A ceiling can make a room feel large when the right finish is applied.  Decorative plaster sheens expand a room by drawing the eye upward and moving the ligh around a space, effectively creating the illusion of height.  

2. - GLASS.  Glass is great for small spaces and is wonderful for extending a room far beyond its minimal square footage.  Glass creates the illusion of…

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Luxury Housing Redefined Across the Globe

Thursday, May 19th, 2016 at 8:58pm. 79 Views, 0 Comments.

Many affluent entreprenuers began to look for less expensive housing last year when financial markets became unsettled.  

The high-end market expanse from San Francisco to Singapore is undergoing a reality check and average home prices starting at $2.2 million slowed in 2015, increasing by 9%, half its 2014 pace.  Contrary to popular belief, this decline is a reflection of stability and not weakness.  London and Hong Kong housing markets are experiencing increased length of time on the market with the average home selling for 19% below asking when compared to 2014's 14% below asking price.  Manhattan's sizzling housing market experienced a 5% dip last year and falling oil prices have caused Dubai's home sales to plumet 25%.  

There is always a

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Airbus A350 Ends Jet-Lag for International Travelers

Wednesday, May 18th, 2016 at 9:23am. 66 Views, 0 Comments.

 

The Airbus A350 sets a new standard for luxury international sky travel while averting annoying jet lag.

For those who are unfamiliar with the Airbus A350, it is the world's most advanced airplane.  For travelers heading to the Far East or Australia, there is hope for combatting the endless air hours and inevitable jet lag to follow.  The Airbus A350, which debuted in the United State in January, flies up to nearly 9,000 miles without the need to refuel while boasting technological innovations providing a more luxurious, comfortable travel experience for its passengers.  The A350's cabin experience can be said to be much quieter and more spacious than any other cabins in history with fresher air, higher humidity levels, and smart lighting.

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Selecting the Perfect Artwork to Compliment Your Home

Tuesday, May 17th, 2016 at 11:25am. 51 Views, 0 Comments.

  Selecting the perfect artwork that will beautifully compliment your home does not have to be an expensive endeavor nor does it have to be a perfect match with your upholstery.     Art should evoke a feeling or stiring within you.  Magnificent paintings are not magnificent due to their price tag.  Art is extremely subjective and the way you feel about it is what makes it priceless.  Forgo the opinions of others as you carefully select pieces for your collection and purchase art for love, rather than based on how a given piece will work in your home.     Many home owners purchase art based on color schemes.  Colors can be limiting and more attention should be paid to texture, shapes, and subjects and the way you connect with a given…

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3 Costly Mistakes Investors Should Avoid

Monday, May 16th, 2016 at 10:55am. 38 Views, 0 Comments.

As with the development of other businesses, real estate investments demand focused attention to detail and consistent due diligence.  The minimization of mistakes and capitalization of opportunities are the only hope for any sustainable business.  However, real estate investors who are new to the business often make detrimental mistakes.  If you are a new investor, there are three major mistakes you should avoid in order to be successful in your endeavors:

Not Recognizing People as the Greatest Asset

Not many careers can provide the same return on investment as real estate.  Real Estate investors rely heavily upon their property acquisitions in order to supplement bottom lines, however each individual deal has the power to dramatically change

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6 Facts for First-Time Sellers

Sunday, May 15th, 2016 at 10:51am. 56 Views, 0 Comments.

Selling your home for the first time...

Selling a home is not a process people go through on a regular basis.  There are many details to consider when selling a home: price, selecting an experienced real estate agent, staging, and a myriad of other criteria that must be met in order to get the results you hope for.  It is quite easy to make mistakes without the proper guidance and preparation.  Unfortunately, those mistakes can go unnoticed until closing day, possibly resulting in a forfeiture of the real estate transaction.  

Regardless of the current status of the housing market, it is important to consider whether you want or need to sell your home and selecting the right real estate agent makes all the difference.  An experienced realtor

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