In December of last year, the Open Listings team took a detailed look at where millennials in the United States currently stand with their homebuying plans. And, contrary to many headlines, we found that millennials are actually already buying homes. In fact, 44% of millennials -- largely based outside of major urban areas -- noted that they already own a home. Over the next couple of years, industry leaders expect one subset of millennials to drive the homeownership rate up
Buying and selling at the same time takes a little more foresight and planning than a one-way sale, but it's totally doable. If you're looking to sell your existing home and buy a new one, here are a few ways to make this arrangement work: Buying first, then selling Sometimes you fall in love and find your next home early on in your house hunt. But when you still have a home to sell, buying can be a little trickier.
These days, we’re seeing an interesting trend among first-time buyers, where more and more are choosing to purchase their second homes or weekend getaway vacation properties, before ever putting down money towards a primary residence. For some, it’s opening up opportunities for homeownership in places where that dream can feel impossible. If you’re interested in learning more about how this scenario works and if it could be the right move for you, keep reading. Why the push
Getting a healthy ROI (return on investment) for home improvements is a big concern among homeowners, and rightly so. Since home improvements are part emotional and financial, not only are you looking to improve your current quality of life, you're also hoping that your investment will pay off in the form of higher resale values down the road. To that end, Remodeling Magazine releases a Cost vs. Value Report each year that takes a look at the national averages for
Now that the GOP tax plan has officially passed, big changes are coming to the way that people file their taxes. One of the biggest debates surrounds whether or it’s worth it to itemize your write-offs rather than taking the standard deduction. Homeowners (and those looking to buy) should take a closer look at which option will have the biggest benefit in 2018. To get you prepared for this year's tax season, we’ve outlined some of the most
The real estate industry is super seasonal. Traditionally, agents talk about "spring markets" as the most popular time to both list and buy homes. While that trend has been true for decades, in 2018, market research data--including our own findings--shows that buyers are getting a jump start on their house hunt, meaning the spring market may already be here. We’ve taken a close look at some of the reasons behind the shift and what it could mean
Believe it or not, tax season is right around the corner, and if you’ve turned on the news recently, you’ve probably heard that the start of 2018 could bring big changes to the way you file. This is especially true for those thinking of purchasing a home since some of the tax benefits of buying are under intense scrutiny. Analysis from Open Listings shows that the proposed Tax Cuts & Jobs Act will impact most potential homebuyers living