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Santa Fe shopping Tops over New York

Chicago, Nashville, Vegas, other metros finish strong Our readers apparently like retail purchases with a native american or western flair. Santa Fe, New Mexico - with its historic but chic old town and artful Canyon Road and Railyard districts - has toppled even mighty New York in votes
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Wait… What? More People Will Buy Homes if Prices go Up

While it seems counterintuitive, could higher home prices lead an increase in home sales? Two Federal Reserve Bank of San Francisco senior economists, William Hedberg and John Krainer think so as explained in an Economic Letter titled Why Are Housing Inventories Low? It's not that higher prices
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Having the Right Kitchen Remodel Can Pay Off

Traditional Kitchen by Boston Kitchen & Bath Designers Venegas and Company Unequivocally, the kitchen is … The most important space in a home today. From a home value perspective this means it is the most important space to get right. Where we all spend our time. Therefore, it is
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More Home Owners are Remodeling As Home Equity Returns

Home remodeling saw greater demand in the third quarter as a growth in home equity and home sales prompted more home owners to tackle remodeling projects, according to the National Association of Home Builders’ home remodeling index. The remodeling market index moved higher in the third
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10% of Home Owners Still Underwater

As prices rise, more home owners are regaining equity. But some metros are still facing a disproportionate number of underwater home owners, those who owe more on their home than it is currently worth. Nationwide, 10.6 percent—or 5.3 million—of all mortgage holders remain underwater. Still,
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Half of all Renters Spend 30% or More Income on Housing

Freddie Mac reports that residents of apartment communities that include five or more rental units currently make up 15 million U.S. households — a figure that is expected to climb with shifting demographics and housing preferences. Such factors as demographic trends, household formations, and
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Closing a New Generation Gap in real estate based on Baby Boomers

Economists who predict underperformance in real estate based on Baby Boomers downsizing are overlooking another huge demographic trend. Each day about 8,000 baby boomers turn 65, and many of them wish to downsize. Given the smaller size of the Generation X or baby bust generation (those born
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Brokerages are attracted by perks of ‘Cloud Office’

Virtual real estate brokerage models have been around for years, but because they fail to meet the social and collaborative needs of agents, they often are found to be isolating and uninspiring. Real estate agents fax documents to someone whose name they may not know and who they may never meet,
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Higher Home Prices Lead to More Sales

If home prices edge higher, the housing market will see higher home sales, according to a new paper by two senior economists with the Federal Reserve Bank of San Francisco. The economists note that it’s not that the higher prices entice buyers as much as the higher prices entice owners to sell
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Heading in 2014 Where Are Mortgage Rates heading?

Mortgage rates will likely rise above 5 percent in 2014 and average 5.3 percent by the end of 2015, according to the Mortgage Bankers Association’s forecast. That would mark a big jump over where mortgage rates stand now. The MBA reported this week that the 30-year fixed-rate mortgage averaged
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