Home Selling

Building Confidence as a New Agent

The early years as a new agent can be tough, but there are ways to make it more manageable, such as by taking classes and going to events. WASHINGTON — Real estate sales can be one of the most challenging yet most rewarding careers out there. Passing the state exam is hard enough but once … Read more

Trendy Must-Haves That Sell Homes

Modern features, such as soapstone countertops and beverage centers, signal to buyers the home is either new or recently remodeled. NEW YORK – Home buyers are willing to pay more for a backyard decked out with all the bells and whistles. New Zillow research finds homes equipped with an outdoor TV command 3.1% more than … Read more

Average 30-Year Mortgage Rate Climbs This Week

The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%. LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level … Read more

Fannie Mae: Consumers Adjust to Higher Rates

One economist said consumers appear to be adjusting their expectations for the housing market to better accommodate higher mortgage rates and home pricing. WASHINGTON – While a growing number of consumers think mortgage rates will increase in the coming year, their optimism about the home buying and selling market ticked up, according to Fannie Mae’s … Read more

Tips for Saving for a Down Payment

A down payment of 20% or more can help lock in better interest rates and lower monthly payments. Buying a home under your budget can help with costs overall. NEW YORK — Conventional wisdom says it’s best to make a 20% down payment when you buy your home. While this can help you in several … Read more

The Right Time to Downsize?

Galleria International Realty Thumbnail Image

Retirees should consider factors that include living closer to family and safety issues when determining if now is the right time to downsize. NEW YORK – Your home is your sanctuary, but it’s also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in … Read more

Tips for Finding the Right House

Galleria International Realty Thumbnail Image

The best way to start a home search is by keeping a top 10 list of essentials and deal breakers. Also, consider your lifestyle, pets, location needs and necessary features, among other things. NEW YORK – Looking for a house to buy can be a daunting task. Buying a home is typically the most significant … Read more

February New Home Sales Dip Slightly

New home sales in the United States dropped slightly in February but are up 5.9% from a year ago. The slight uptick in mortgage rates held back new home sales, but builder confidence remains high. WASHINGTON – Sales of newly built single-family homes in February dipped slightly for the first time in three months after … Read more

Self Employed? Tax Reporting Changes Coming

Anyone who is self-employed and receiving payments from peer-to-peer apps (PayPay, Venmo, etc.) have new tax reporting changes for the 2024 tax year. NEW YORK — Workers across different industries are increasingly receiving some or all of their income via apps. They include tutors, graphic designers, hair stylists and all kinds of independent and self-employed … Read more

Helping Loved Ones from Home to Assisted Living

Selling a home before moving into an assisted living facility presents challenges not seen in other moves.  Family members can help navigate the process to make it run smoothly. NEW YORK – Families must make a number of important decisions when an aging relative decides the time is right to move into an assisted living … Read more