Tag: “homeownership”

What's love (and real estate) got to do with it?

First comes the home, then comes marriage in the millennial age With Memorial Day weekend recently kicking off the unofficial start of Summer, America's kicked into both peak homebuying and wedding season. Open Listings' own internal data shows that June is the most popular month to buy a home in major metro real estate markets such as Los Angeles, Austin, and Chicago. June is typically followed by August as the second busiest home buying month after homebuyers take a reprieve

Read more

Avoid being "house poor" by taking these 4 steps

We’ve all heard cautionary tales of new homeowners who have ended up “house poor.” Yes, their homes may be gorgeous and enviable, but that asset is all they have. But in reality, they’re struggling to afford their homes and live their lives comfortably. And, if there’s one thing you don’t want to do as a buyer, it’s to find yourself in a similar position. Here are the steps you can take during your home search

Read more

Breaking it down: the real estate capital gains tax

Are you hoping to sell your house for more than it’s worth? Before you get too excited thinking about what you could do with all that extra cash, don’t forget about one of the two only guaranteed things in life: taxes. Fortunately, though, there are a few things you can do to help keep your income safe. If you want to learn more about how the capital gains tax affects home sales, you’ve come to the right

Read more

US "hispennials" bullish on homebuying despite reservations with Trump administration

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

Read more

Breaking it down: selling and buying a home at the same time

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.

Read more

Should your first home be your second home?

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

Read more

Get more bang for your buck with these 10 home improvements

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

Read more

Bought a home? Here are the tax write offs you need to know about in 2018

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

Read more

Starting your house hunt early this year? So is everyone else.

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

Read more

What Trump's proposed tax plan means for 2018 homeowner deductions

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

Read more