Private Transfer Fees Affect Home Pricing and Marketability

Over the last decade, real estate developers have begun to use private transfer fees to generate long-term income. The fees, typically 1% to 1.75% of the sale price of a property, have to be paid to the developer each time the title to the property changes hands, as it does during a home sale. Read the rest of this entry »

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Survey: More Renters Want to Become Homeowners

Americans have favored buying over renting, even during the recent Great Recession, and this year is no different. The 2013 National Housing Pulse Survey, by the NATIONAL ASSOCIATION OF REALTORS┬«, found Americans overwhelmingly believe owning a home is a good financial decision, and a majority of renters say homeownership is one of their highest priorities for the future. Read the rest of this entry »

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Home Prices Rose 5.8% in 2014

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show.

Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many markets, the number of single-family homes, townhomes, condominiums, and co-ops that sold in December 2014 rose 2.4% from November and were up 3.5% compared with December 2013. Read the rest of this entry »

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These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

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