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Archive for the Real Estate Category

What Home Features Do Buyers Consider Essential?

By on January 3, 2019   /   Home Buying, Real Estate  
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If you’re searching for a home, or planning on building a new one, chances are you’ve given a lot of thought to the features that are most important to you. For some, garage storage and formal living rooms top the list. For others, a laundry room and walk-in closets reign supreme. According to a recent poll conducted by the National Association of Home Builders (NAHB), the features that first time home buyers consider essential are remarkably similar to the features most wanted by repeat buyers. The NAHB poll asked prospective first time and repeat buyers which features they considered essential in

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Apartment Size Shrinks While Rent Soars

By on December 5, 2018   /   Real Estate  
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Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house. According to a recent report from CNBC, the average size of newly built apartments in 2018 is 941 square feet, which is 5 percent smaller than it was a decade ago. Studio apartments saw an even more significant decrease; they are now 10 percent smaller than they were 10 years ago. However, the cost of rent has increased 28 percent over the same time period.

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Pending Home Sales See Slight Improvement in September

By on November 5, 2018   /   Real Estate  
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Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August. Despite the small month-over-month improvement, contact signings continued to drop on an annual basis. September marked the ninth consecutive month of annual declines. NAR Chief Economist Lawrence Yun says that although we’re seeing year-over-year decreases, the latest monthly gain indicates a good, stabilizing trend. “This shows that

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Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
Branch Information

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