Churches do they help or hurt home values?

Churches; One study says that houses within a certain distance of place of worship sell for 4.8 percent more than others.

 

 

Call it the halo effect for real estate.

A study of the housing market in Hamburg, Germany, found that condos located between 100 to 200 meters, or 109 to 219 yards, away from a place of worship listed for an average 4.8 percent more than other homes. The effect was similar across all religious buildings studied, including churches, mosques and temples.

“It’s something we find for other amenities, as well,” said Wolfgang Maennig, a professor at the University of Hamburg Department of Economics and Social Sciences and co-author of the report. He likens the price bump to perks such as proximity to public.

But live too close to the religious building — within 100 meters — and the premium is erased, they found. Sounds associated with houses of worship are only part of the problem. The effect of bell ringing, for example, wasn’t statistically significant, he said.

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Housing recovery appears to be back on track

Housing recovery appears to be back on track

 

Housing recovery appears to be back on track

Housing recovery appears to be back on track

A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up purchases as more homes have been put up for sale. And low mortgage rates and moderating price gains have made homes more affordable.

“The momentum is in the right direction,” said Andrew Labelle, an economist at TD Bank who noted that the past four months have marked the fastest four-month sales gain since 2011. “Sustained jobs gains, as well as the fall in mortgage rates since the beginning of the year, appear to have unleashed at least some pent-up demand.”

Sales of existing homes rose 2.4 percent in July to a seasonally adjusted annual rate of 5.15 million, the National Association of Realtors said Thursday. That was the highest annual rate since September of last year.

The increase follows other encouraging signs that the housing market is improving. The pace of home construction starts surged 15.7 percent in July to a seasonally adjusted annual rate of 1.1 million homes, the government said this week. Applications for building permits, a gauge of future activity, also strengthened last month.

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Loans for Military Members and Veterans to purchase homes

Active military and veterans can get jumbo home loans guaranteed by the VA. Interest rates are competitive, down payment requirements are much lower, and private mortgage insurance is waived.

Home LoLoans for Military Members and Veterans to purchase homesans for Military Members and Veterans

In his 30-year career with the Air Force, Chief Master Sgt. Jim Roy and his wife, Paula, lived in 12 different homes. When Mr. Roy retired last year, the couple settled down in a home of their own—with a little help from the VA.

Charmed by the friendly people and mild winters, the Roys decided on the Charleston, S.C., area. They found a four-bedroom, 3½-bath house for themselves and their 14-year-old twin boys, Caleb and Colby. “My wife and I saved for 31 years, and this is the house we wanted to be in,” Mr. Roy, 50 years old, says.

The house, built in 2008, had a purchase price of $575,000, which normally would require a jumbo mortgage and a 20% down payment because it exceeded the area’s $417,000 limit for conventional loans. (That limit can reach $625,500 in some high-price areas.) However, as a veteran, Mr. Roy qualified for a mortgage guaranteed by the Department of Veterans Affairs.

VA home loans are available through banks and other private lenders. As with other mortgages, interest rates of VA-guaranteed loans can be either fixed or adjustable, depending on the lender. Down payments are low, if required at all. Private mortgage insurance requirements are waived as well. The loans can be used only on primary residences and not on secondary or vacation homes.

To see the complete story Loans for Military Members and Veterans to purchase homes please visit www.TampaHomesSold.com/Nick-Cindy-Davis-Blog.aspx if you have any questions you can always email Nick & Cindy Davis at NickandCindyDavis@TampaHomesSold.com or call us at 813-300-7116.

 

Top Gardening and Yard Questions for Prospective Buyers to Ask

Top Gardening and Yard Questions for Prospective Buyers to Ask

Top Gardening and Yard Questions for Prospective Buyers to Ask

 

Top Gardening and Yard Questions for Prospective Buyers to Ask

Many first-time buyers move from apartments or condos to a single-family home, and have little background in yard maintenance. If that describes you, here are some questions to help you learn about your target property and gauge what kind of care it might involve.

The homeowners or their agents will be a good source of much of this information. You also can turn to the home inspector, or local experts such as your neighborhood gardening center or nursery, the National Gardening Association and university extension programs that specialize in local gardening.

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Selling your home? Spruce Up the Laundry Room

Selling your home? Spruce Up the Laundry Room

Selling your home? Spruce Up the Laundry Room

Selling your home? This is probably a room that you may have not even considered doing anything to.

 

In many houses, laundry rooms are little more than semi-neglected utilitarian spaces best left unseen – not an impression you want to make if you’re selling your home.
If your laundry space needs some care, follow these organization and decorating tips to upgrade or cleverly conceal it. 

Closet it up
Become Shelf Conscious
Color Cleverly
Show Discipline in Décor


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Tampa-area housing sales, prices rise in June

Tampa area housing sales prices rise in June

Tampa area housing sales prices rise in June

 

Tampa-area. More home sales closed and for higher median prices this June compared to a year ago.

The June housing report released Tuesday by Florida Realtors paints a fairly bright picture of the Tampa-area market here with more closed sales and better median housing prices than the Tampa metro area saw a year ago.

And for buyers, there is slightly less pressure in the Tampa-area, since the cash buyers and the hedge fund companies that were snapping up properties for rental have backed away from the area, one consultant said.

Closed residential real estate sales are up 7.5 percent over June 2013 in the Tampa-area, St. Petersburg-Clearwater metropolitan area and the median sale price on the homes that sold was up 2.4 percent to $162,250 for a single family unit and up 9.6 percent over June 2013 for condos and townhouses, to $111,281.

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