Posted in fireplace remodel

Interior Design brings color to the Parade of Homes | Real Estate

The Housing and Building Association’s Parade of Homes started this weekend and continues today and next weekend, with eight homes that are available for online touring, and seven homes that are available for in-person visits. With the popularity of home remodeling shows from areas across the country, it’s easy to stay on top of home interior styles elsewhere, but the Parade is a great opportunity to see the styles that locals love.

The experts say that the Grand Valley is typically a few years behind the rest of the country when it comes to home interior design choices, but one thing is consistent with local design preferences regardless of whether a home was designed in Tuscan style back in 2006 or in modern farmhouse in 2020: rustic never quite goes away, and it’s not uncommon to see the outside brought inside with textures, colors and materials during the Parade of

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Posted in home

Real Estate Market: Rent or Buy a House During Covid? Home Hunters Explain Moves

Maybe it’s too many months living and working in the same cramped quarters. Or the ultra-low mortgage rates. For some, spending less during the pandemic means they finally have enough saved for a down payment.

All that is prompting people to ask themselves whether now is the time to buy a home — even as the long-term outlook for the real-estate market remains uncertain.

There’s been a burst of home buying across the U.S., especially in suburbs outside cities where people were cooped up during the spring Covid-19 lockdown. In August, contracts to buy single-family houses in Greenwich, Connecticut, nearly tripled from a year earlier. Contracts were up 57% in nearby Westchester County.

Homes Get Scarce

The supply of single-family homes in the U.S. is getting tight

Capital Economics Ltd., U.S. Census, National Association of Realtors

The U.S. market is so hot that the supply of homes for sale is

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Posted in contractions

RBI Forecasts 9.5 Per Cent Plunge In Real GDP In FY 2020-21, Rural Demand To Lead Recovery

As the economy somewhat stabilises after a 23.9 per cent plunge in the GDP in the April-June quarter marred by the nationwide lockdown, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (9 October) said that the deep contractions of Q1 are behind us and the real GDP may decline by 9.5 per cent in the financial year 2020-21.

Addressing the media after the Monetary Policy Committee’s meeting, the RBI Governor has said that the modest recovery in various high-frequency indicators in September 2020 could strengthen further in the second half of 2020-21 with progressive unlocking of economic activity.

“Agriculture and allied activities could well lead the revival by boosting rural demand, ” he added.

Das said that relative to pre-Covid levels, several high frequency indicators are pointing to the easing of contractions in various sectors of the economy and the emergence of impulses of growth.

“By all indications,

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Posted in home improvement cast

10 Real Estate Movies to Add to Your Queue

Hollywood has a thing for the real estate industry. From high-stakes drama to LOL humor — and everything in between — the movies show the world of real estate can be as entertaining as it is lucrative. Let’s take a look at 10 films that have cast the real estate industry and its key players in starring roles.

Movies about eviction or foreclosure

In real life, there are laws in place that provide the rules for evictions and foreclosures. In Hollywood, though, it’s a much different story, as told by these films.

House of Sand and Fog (2003)

At its core, this is a story of an eviction gone terribly wrong. When a homeowner (Jennifer Connelly) is evicted from her home due to a misunderstanding regarding the nonpayment of business taxes, she must seek legal help when her home is sold at auction. The new owner (Ben Kingsley) and his

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Posted in home improvement loans

Orleans Parish property transfers, Sept. 7-11, 2020: See a list of home and other sales | Real Estate News

Below is a compilation of properties sold in Orleans Parish from Sept. 7-11. Data is compiled from public records.

New Orleans

District 1

Banks St. 4517: $355,000, Gayle Farrington and Larry Farrington to Amanda Elise Johns.

Baronne St. 339; Baronne St. 341: $1,775,000, Jon Vaccari Fleming and Stephen Fleming to Anvil South LLC.

Baudin St. 3916-18: $495,500, Pasadena Development Co. Inc. to John P. Moreci and Rebecca A. Moreci.

Baudin St. 4620: $575,000, Haley Goshert Sulser and Michael B. Sulser to David B. Akers and Rita Scheck Akers.

Coliseum St. 1765: $259,000, Louisiana Coastal VIII LLC to Joseph W. Lewis IV and Monica Stewart Lewis.

Coliseum St. 1765: $319,000, Louisiana Coastal Viii LLC to Debra M. Hensley and Phyllis M. Guedry.

Constance St. 1339 – 1341: $727,000, Lauren Ashley Owens Libby, Robert S. Libby and Russell P. Libby to Austin Durant Mozee Carr and Erica Grubbs Carr.

Magazine St. 1552-54:

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Posted in home repair

Luxury Real Estate is on the Rise With 60% Improvement

In July 2020, Engel & Völkers announced that they saw a 60 percent increase in luxury real estate transactions over the same period last year, with homes selling for between 2 and 5 million euros (around $2.3M and $5.9M USD). “We are already seeing significant catch-up effects after the challenging first half of the year. Buyer activity is high in both national and international real estate markets,” said Sven Odia, CEO of Engel & Völkers AG.

 

So, what has caused this increase? Well, because of coronavirus impacts, many people are spending much more time at home, which has forced them to reevaluate their living spaces and what’s important. Properties with tons of outdoor space that might sit on the edges of popular cities are becoming a lot more attractive than inner-city dwellings. According to Engel & Völkers AG, the most important criteria for buyers now include a garden offering

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Posted in home

Do You Really Need A Real Estate Agent To Sell Your Home Right Now?

Andrew Fortune is the owner and managing broker of Great Colorado Homes, a digital real estate brokerage in Colorado Springs, CO.

Right now, many real estate markets around the country are experiencing a lack of inventory. In some cases, the supply of homes for sale simply cannot keep up with the demand from homebuyers.

For example, in Colorado where I’m based, there was a 51% decrease in available single-family homes on the market this August, compared to the same time last year. That kind of shortage can cause panic-buying and quick sales.

If you’re in a market where homes are selling within minutes, you may be asking yourself if you really need a real estate agent to sell your home. It’s a question that needs to be asked from time to time. Why can’t you put your own home online and sell it without an agent? Maybe you

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Posted in contractions

Understanding The Real Drivers Of Inflation

There is a widespread lack of understanding among economists and investors regarding what actually drives changes in inflation rates over the short and long term. The conflation between the price of individual prices and the general price level, as well as the focus on aggregate demand, has led to a high degree of misinformation regarding what really drives inflation rates. In this article, we hope to provide clarity on the subject, explaining a number of important concepts:

  • Why the supply of money relative to GDP determines long-term inflation trends.
  • Why the demand for money explains short-term inflation changes.
  • Why declining velocity of money reflects rising money demand and the potential for high future inflation.
  • Why short-term inflation trends tend to reflect financial market risk appetite.
  • Why recessions tend to be disinflationary in developed economies.
  • Why the focus on aggregate demand has led economists to mistakenly believe high inflation is positive
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Posted in home improvement loans

Mortgage bailout numbers improve slowly, but real test is ahead

Jb Reed | Bloomberg | Getty Images

The number of borrowers in government Covid-19-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising.

This suggests that there is still pain ahead in the mortgage market, as some borrowers are simply not recovering enough financially to afford their home loans.

The total number of mortgages in active forbearance programs, where borrowers delay their monthly payments for at least three months, declined by 26,000 last week or 0.7%, according to Black Knight, a mortgage technology and data firm. This marks four consecutive weeks of improvement, but the pace has been slowing for the past few weeks.

As of Sept. 15, just under 3.7 million homeowners remain in these plans, representing 7% of all active mortgages. Together, these loans represent $781 billion in unpaid principal. The number of forbearance plans are now down more than 22% from the

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Posted in home improvement loans

Accurate Group Helps Credit Unions Grow Real Estate Lending Business through Faster Loan Cycle Times, Lower Costs and Innovative Technology

Bundled solutions for property appraisal, title and remote closings accelerate growth and boost credit union efficiency

Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced the launch of a bundled solution designed to help credit unions accelerate growth and improve efficiency in real estate lending.

Accurate Group provides the digital framework and modernized appraisal, title and closing processes lenders need to remain competitive in today’s real estate lending environment. The COVID-19 pandemic is posing challenges for real estate lenders – giving credit unions a window of opportunity to seize market share from less nimble competitors by investing in innovation and automation.

Property appraisal, title and closing processes are ripe for automation and technology advancement. By creating a one-stop, bundled solution that addresses these areas with proven, market-leading technology and services, Accurate Group is helping credit unions achieve significant gains in efficiency,

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