Last year, it was more expensive to rent than own. High home prices and mortgage rates that doubled in 2022 changed that, according to a new report from property data firm Attom.
Mirrored Treehouse With ‘Invisibility Cloak’ Set To Take Root in Tennessee Mountains
Some homes are designed to bring the outdoors inside. But there’s one to be built in Sevierville, TN, that will feature an eye-deceiving design.
Slated to be completed by the end of 2023, the cubed and mirrored treehouse not only blends seamlessly with nature, but it also appears to magically disappear amid the trees of the Smoky Mountains. It is the architectural equivalent of an “invisibility cloak,” the listing notes.
Listed for $635,000 in December 2022, the one-of-a-kind design is now pending sale.
“I love all kinds of architecture, but especially love European architecture as it has more edgy designs,” says the home’s designer and developer, Tim Tipton of Tipton Home Designs.
NextHome lands No. 1 franchise ranking for third straight year
The flexible-spending model real estate franchise beat out a number of other real estate franchises assessed by Franchise Business Review this year, including Keller Williams, Weichert Real Estate, Sotheby's International Realty and others.
Headed to Colorado, Deion Sanders Selling 42-Acre Farm in Mississippi for $1.5M
If you have to relocate for work, chances are you’ll also have to sell your beloved home.
This is exactly what’s happened to NFL legend Deion Sanders. The former star defensive back is now better known as “Coach Prime”—and he’s on the move.
Following his departure as head coach of Jackson State University’s football team in favor of a far more lucrative coaching role at the University of Colorado, Sanders is selling his spread in Canton, MS.
Available for $1.5 million, this lovely 5,300-square-foot farmhouse has five bedrooms and 4.5 baths. It sits on 42 acres, which include a 4-acre lake and a two-bedroom barn equipped with four horse stalls.
Zillow’s ShowingTime+ releases Listing Media Services in 4 markets
ShowingTime+'s Listing Media Services empowers agents to find and schedule local real estate photographers, as well as select from a series of related digital media packages to enhance the listing’s appeal.
Justin Verlander and Kate Upton Buying Posh Penthouse in the Big Apple
Justin Verlander and Kate Upton have splashed out some serious money for primo real estate in New York City, according to the New York Post.
While it isn’t clear yet how much the couple agreed to pay, the four-bedroom penthouse in Beckford Tower on the Upper East Side was last listed for $16,750,000. It initially came on the market in September 2021 for $20 million.
The couple can easily afford it. Upton is a popular model and actress, and Verlander, a future Hall of Famer, recently signed a two-year, $86.7 million contract to anchor the New York Mets rotation.
KitchenRealtor.com
Would You Live Here? Sculptural Home in Venice, CA, Hits the Market for $5.8M
There is no shortage of interesting residential architecture in the Los Angeles area of Abbot Kinney and Venice Beach. But this distinct domicile in Venice, CA, built by Viennese architectural firm Coop Himmelb(l)au, is a real standout.
J. Stewart Burns, a TV writer and producer whose projects include “The Simpsons” and “Futurama,” purchased the wildly original Venice landmark in 2014 for $2,300,000, property records show. He recently listed the home for $5,800,000.
The gated compound has four bedrooms and 3.5 baths, in 2,522 square feet of living space.
Venice, CA, modern architectureRealtor.com
The country moved closer to a balanced market in December
Inventory rose 69 percent, and sales fell 38 percent to close out 2022 as the nation moves away from the frenzied seller’s market and closer to balance, according to a new market report from RE/MAX.
From ‘Teen Mom’ to ‘Down Home Fab’: Chelsea DeBoer Unveils a New Trendsetting Home Style
Ever wonder what MTV’s “Teen Mom” stars are up to now? It turns out, one of them has her own home renovation show.
The new HGTV series “Down Home Fab” stars Chelsea DeBoer, who debuted on “Teen Mom 2” in 2011 at the age of 16 and ended up meeting her husband on the show, Cole DeBoer. In 2020, they built their own dream home in Sioux City, SD, where they’re now raising their four kids. This experience instilled in Chelsea a love for home design, so she now offers up her services to clients, with Cole pitching in as project manager.
“Dream team!” Chelsea cries on the show as she attempts to fist-bump with Cole but misses.
In the premiere episode, “Ranch Glam,” Chelsea explains, “I would describe my design style as very South Dakota glam. I love cowhides, painting things black, anything a little bit different.”
What Is ‘House Poor’? What It Means, and Whether You’re at Risk
This phrase describes home buyers who’ve purchased property they can’t easily afford—and are now paying the price, as it were.
“If you can’t spend your income the way you want to because so much of it is going to housing expenses, you’re house poor,” says Debra Neiman, a financial planner at Neiman & Associates Financial Services in Arlington, MA.
Translation: If you’re eating rice and beans every night just so you can pay your mortgage, you probably qualify.
As a general rule of thumb, financial advisers tell people to pay no more than 30% of their pretax income on housing—so if you make $5,000 per month, you should spend no more than $1,500 on your mortgage, property tax, and other housing costs. By that benchmark, according to the State of the Nation’s Housing 2017 Report from the Joint Center for Housing Studies of Harvard University, nearly 40 million households are house poor in the U.S.
Lisa Seligman named SVP of human resources at Douglas Elliman
Seligman brings to Douglas Elliman more than two decades of experience in human resources management roles at a number of luxury and beauty companies, including Arcade Beauty, L'Occitane en Provence, Tiffany & Co., Shiseido and more.
Homebuyer loan requests jump 25% as mortgage rates continue to fall
After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni.
Never say ‘we’ve gotten it’: PLACE’s Chris Suarez gives 4 keys to success
Suarez, who will speak on multiple panels during Inman Connect New York Jan. 24-26, talked with Inman ahead of his appearances to discuss the current market and plans for 2023.
Has eXp done enough to shed costs and still grow in 2023?
The all-online brokerage saw its growth finally slow amid a broader market contraction. CEO Glenn Sanford eyes the challenges ahead for 2023.
Husband of missing Tishman Speyer exec charged with murder
Brian Walshe, 47, was charged with the murder of his wife, Ana Walshe on Jan. 17. He had already been locked up since Jan. 8 for misleading investigators about her New Year's Day disappearance.
Mortgage Demand Soars 28% as Rates Dip Slightly
The numbers: A dip in mortgage rates prompted mortgage demand to rise a seasonally adjusted 27.9%
As mortgage rates dropped across the board, demand for both purchases and refinancing increased. That pushed the market composite index up, a measure of mortgage application volume, the Mortgage Bankers Association (MBA) said on Wednesday.
The market index rose to 238.7 for the week ending Jan. 13, up 27.9% from a week earlier. A year ago, the index stood at 593.7.
Key details: The refinance index jumped 34.2% in the past week, but was down 81% compared to a year ago.
Knock increases bridge loan for home prep to $35,000
The six-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home.
The Agency launches 70th franchise in Bend, Oregon
Led by managing partners Grant Ludwick, Matt Robinson and Nick Wilhite, the office will build on the company's growing presence across the U.S., Canada, Mexico the Caribbean and Europe.
Lucky Buyer Bids on Baseball Exec Dan Duquette’s Cape Cod Knockout
Pretty coastal homes are often snapped up quickly, especially in this work-from-anywhere era.
One excellent example: this truly lovely Cape Cod spot, owned by Major League Baseball executive, Dan Duquette. The home was listed at $1,295,000.
After just five days on the market, the three-bedroom, 3.5-bath home seems to have found a buyer and is in pending status. It last sold in 2016 for $716,000.
Could the lightning-fast interest be attributed to the home’s ocean proximity? Or its easy access to the popular Ridge Club golf course, just a short walk down the road?
7 Home Organizing Mistakes Most People Make—and How To Avoid Them
Achieving an organized home tops the list of common New Year’s resolutions among homeowners and renters alike—but it’s also one of the hardest goals to accomplish and maintain in the long run.
There are a number of stumbling blocks you can hit that make finishing—or even starting—the organizing process much harder. To help set you up for success with your next home organization endeavor, we’re shedding light on the most common mistakes that tend to trip people up.
Whether you’re taking on a small-scale task like tidying up a junk drawer or focusing on something larger like cleaning out your garage, avoid these all-too-frequent mistakes.
1. Trying to organize your entire home in one weekend
One of the biggest mistakes people make is thinking they can organize their whole house in just a few days.
