Island Living Blog
Existing-Home Sales Hit Highest Numbers Since Recession
The spring home-buying market was off to a strong start in March as buyers closed on the highest number of existing homes in a decade. And that’s despite the lack of residences on the market. Sales of existing homes (that is, ones that hav...
Case-Shiller: Pace of Home Price Growth ‘Not Alarming’
Home prices in the U.S. hiked to their highest level in more than two years in December, posting a 5.8 percent annual gain, according to the recently released S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Their pace, though sub...
What’s In Store for the Luxury Real Estate Market in 2017?
Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San ...
Forecasters: Home Buyers, Sellers May Have Tough Road Ahead
Rising mortgage rates and home prices may prove a bigger thorn to home buyers in 2019 as buying a home gets more expensive in the new year. Meanwhile, as more homeowners list their homes, sellers will face greater competition, possibly increasi...
More Buyers Turn to ARMs for Lower Borrowing Costs
Rising interest rates are prompting more home buyers to turn to adjustable-rate mortgages—which come with potential financial risks. Though these mortgages typically come with lower interest rates initially, they reset to market rates after f...
Side by Side Comparison of House & Senate Tax Legislation
Click here for the NAR Article. NAR is OPPOSED to H.R. 1, the “Tax Cut and Jobs Act” tax reform legislation. This bill is a direct threat to consumers, to homeowners and to our businesses. Not only will millions of homeowners not benefit...
Over Half of Housing Markets Hit Price Peaks
More than half of housing markets saw home sale prices peak at the end of 2016, according to the National Association of REALTORS®’ (NAR) recently released quarterly report, contributing to the best quarterly sales pace of the year. Eighty-n...
If You’re Buying a Home This Year, Whip Your Taxes Into Shape Now
Ah, tax time—that magical time when all your accomplishments of the previous year can be used against you. After all, the more you made, the more you owe! No wonder there’s so much advice out there about finding (perfectly legal) ways to w...