Get REAL with The Main Street Team

Discover how climate risks like floods, wildfires, and extreme temperatures are impacting homebuying decisions in 2024.  Are climate risks part of your home search checklist? If not, you might be missing critical information that impacts your long-term investment.  The Zillow Consumer Housing Trends Report 2024 shows that a growing number of buyers are considering factors like flooding, wildfires, and extreme temperatures when choosing where to buy. In fact, nearly three-quarters (73%) of buyers said climate risks affected their home search.  Let’s dive into how climate change is influencing homebuyers in 2024 and what you should consider when looking for a home. 1. Flood Zones Flooding has become a leading concern for homebuyers, especially with increased rainfall and more frequent storms. According to the report, 43% of buyers said they avoided homes in flood-prone areas. This makes sense given the long-term financial risk of flood damage, high insurance premiums, and ...

If you're about to buy a home, you might think you've budgeted everything. But are you prepared for all the fees that come with closing?  Nearly 91% of buyers in the Zillow Consumer Housing Trends Report 2024 said they encountered at least one unexpected cost during the closing process.  Let’s break down these fees and help you avoid the same pitfalls so your closing day goes as smoothly as possible. 1. The Loan Origination Fee For 66% of homebuyers, the loan origination fee was the most unexpected cost. This fee covers the lender’s administrative costs for processing your loan, and it can range from 0.5% to 1% of the loan amount. While it’s a standard charge, many buyers don’t fully anticipate it, and it can add thousands to your closing costs. Ask your lender upfront about the loan origination fee and negotiate if possible. In some cases, lenders may waive part of this fee, especially if you shop around. 2. Appraisal Costs Appraisals are a necessary part of the home-buying ...

Discover the top home renovation trends for 2024. Plus, how to avoid budget overruns and make smart renovation decisions to boost your home's value.   Thinking about updating your home? You're not alone. Over the past five years, 94% of homeowners completed a major renovation project. Whether it’s a fresh coat of paint or a full bathroom remodel, staying on top of the latest trends can help you make smart decisions that add value and enjoyment to your home.  But here’s the catch—78% of those renovations came with budget overruns, and many also encountered unexpected delays and even regret. Today, we'll dive into the top renovation trends for 2024 and share tips to help you navigate your next project with confidence. Renovating vs. Relocation With rising home prices and mortgage rates, many homeowners are choosing to stay put and invest in their current property rather than move. According to Clever Real Estate , 63% of homeowners prefer to remodel their homes instead of mov...