Real Estate News

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Jamesport Fire Department chief urges homeowners to practice chimney safety in winter months

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Chimneys are one of the most common locations of residential structure fires, and almost all fires originating in the chimney are preventable with regular servicing and cleaning.

U.S. home values gained $1.1 trillion, renters paid record $535 billion in 2015

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The dollar amount itself underscores the significance of housing to the U.S. economy. In the third quarter of 2015, the U.S. gross domestic product was $18.1 trillion, $10 trillion less than the total value of the housing stock.

Desire to buy strong despite affordability, economic concerns

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Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home.

Appraised values remain slightly lower than homeowner expectations

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Nationally, appraised values were an average of 1.87% lower than homeowner expectations.

Down payments posing a roadblock for renters to become owners

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"In general, paying a mortgage is more affordable than renting, and has been for some time. Unfortunately, many current renters aren't able to realize the savings that come with homeownership because as home values and rents keep rising, it's getting increasingly difficult to clear the down payment hurdle."

Great learning opportunity for real estate professionals and builders

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Tutoring by Engineers is holding two seminars this December in Southampton for real estate brokers, developers, builders, appraisers and others.

First-time buyers fall again

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The share of first–time buyers declined for the third consecutive year and remained at its lowest point in nearly three decades as the overall strengthening pace of home sales over the past year was driven more by repeat buyers with dual incomes.

Condos are back

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Condos are appreciating faster than single-family homes in markets across the U.S., especially where job markets are thriving or urban renewal is underway.

Existing-home sales regain momentum in September

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Existing–home sales rebounded strongly in September following August's decline and have now increased year–over–year for 12 consecutive months.

Americans think homeownership is a sound investment

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A vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price.
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