by Heather Levin
With the real estate market still in a slump, more and more people have decided not to sell their home. Instead, they have chosen to stay put, until things get better. I count myself in this group; I had my own home on the market for two years. My house sold, and the sale fell through, on two separate occasions. As a result, I’ve resolved to stay put until the real estate market improves. Read more
by John Garskof
(MONEY Magazine) — You don’t have to be underwater on your mortgage to feel trapped in your home.
Now may be a less than ideal time to put a house on the market or to take on big debt — icing your plans to trade up or build an addition anytime soon. But that doesn’t mean you’re stuck living in an uncomfortable home. Read more
by Craig Webb
Click here for a list of the percent change from last year of all U.S. Metropolitan Statistical Areas.
Two years ago, of the 366 metropolitan markets nationwide, only one — Cincinnati — was forecast by year end to enjoy conditions more favorable to remodeling than that market had shown at housing’s peak in 2007. One year ago, just four markets were forecast to exceed 2007’s showing. Read more
By Bill Conerly
The housing market will improve moderately in 2013, but nobody will mistake this for a boom. The gains in activity and prices will be a welcome relief, but will leave many homeowners still underwater.
The usual way of discussing housing problems is misleading. Foreclosures, short sales, shadow inventory, upside-down mortgages are all symptoms. The fundamental problem that we have is an excess supply of housing units. Read more
By Joanne Y. Cleaver
You stripped the woodwork, replaced the windows, and brought the kitchen from the dark ages into the light. You poured your heart into your house. And now it’s time to sell it.
Rehabbers have a harder time emotionally separating from the houses that reflect so much blood, sweat, and tears, says Barb Schwarz, the grand dame of home staging and president of Staged Homes. (She also founded the International Association of Home Staging Professionals, a resource for locating qualified stagers in your area.) Read more
By Daisy Chan
Find out which house renovations are worth your time and money.
Renovate the Right Way
With the real estate market so uncertain these days, many people are choosing to renovate their current home instead of buying a new one. “People are thinking about how they can get the most value out of their living arrangement,” says Stephen Melman, director of economic services at the National Association of Home Builders (NAHB). What will give your family the most value depends first and foremost on your needs, but if you want to earn back your renovation costs when it comes time to sell, read on. Read more