Friday, May 6, 2016

Warren Buffett: There Is No Bubble in Real Estate

Warren Buffett says now is a good time to buy a house, though not as good as it was four years ago. Still, Buffett says he thinks the chances of housing prices collapsing are very low.
from Kenneth Digiacomo http://ift.tt/1SBVXGq

Wednesday, May 4, 2016

Look at this beautiful pool & outdoor living space! Is this what you're looking for in your new home??


via Kenneth Digiacomo http://ift.tt/1Nk6u97

Home sales are hot and prices are up as inventory dwindles in Pierce, Thurston counties

Blame the nice weather and the cockeyed optimism that accrues in an economic recovery. The real estate market is back. Sales are up, Inventory is down and the price of homes has increased. The Northwest Multiple Listing Service reported Thursday that the weather and restored confidence “are propelling home buying activity around Western Washington to the highest level in nearly a decade.” Buyers are hungry and the greatest impediment to greater sales is the lack of inventory, the agency said. Dick Beeson, principal managing broker at RE/MAX Professionals in Tacoma and a member of the NWMLS board of directors, stated that both buyers and sellers are frustrated, “but buyers will not be dissuaded. Sellers are frustrated because they can’t find replacement homes. Some won’t list their homes because of fear of not finding a suitable replacement.” Read more here: http://ift.tt/1Y8Lx16
from Kenneth Digiacomo http://ift.tt/1rUZ02E

Tuesday, May 3, 2016

Home Renovation Without Aggravation

Think 2016 might finally be the year to tackle that big home renovation project you’ve been putting off? Welcome to the club. Fueled largely by the rebounding housing market, home improvement spending is projected to reach $155 billion this year, surpassing the peak set in 2006, according to Harvard’s Joint Center for Housing Studies. At the same time, the construction industry is in the throes of a massive labor shortage, having shed more than 2 million jobs since 2007.
from Kenneth Digiacomo http://ift.tt/23n4D4V