S & J Journal

The National Association of Realtors recently released its  Cost vs. Value Remodeling Report  that found exterior projects like replacing old windows and doors added the most value to a property. Interior projects with high returns were minor kitchen and bath remodels. Results vary by city but in Miami, Fla., some of the projects with the biggest returns were entry door replacements, back-up power generators, and wood deck additions. When renovating your home, consider consulting a Realtor. They have the experience to know what upgrades will give you the best return on your investment. Read the full report.

I thought I should post this interesting report from Florida Realtors about the reliability of Trulia and Zillow: According to the study funded by Redfin, online listing services such as Trulia and Zillow didn’t have the same accuracy as broker-owned websites, in large part because licensed agents have direct access to a local Multiple Listing Service (MLS)...   Read the full article.    

The New York Times reported this week that evidence is showing a recovery in the housing market. This is due to reports that prices are going up…and so are sales. Builders are constructing again. Homes are also being sold for asking price and sometimes above asking. Although the article says this is a positive movement, it says it will be slow. Many Americans are still in default of their loans, and owe more than their home is worth, making it impossible to sell. But the positive, upward trend is evident in the data: ·          S.&P./Case-Shiller index reported earlier this week that sales prices for existing homes rose in April for the first time this year. ·          National Association of Realtors said Wednesday that pending home sales climbed to the highest level since the end of a federal tax credit for first-time buyers in September 2010. ·       ...