Hurst Realty & Construction - A Hurstco, INC Company

04/02/2024

The income required to purchase typical starter home in the U.S. has risen to about $76,000 annually. This is due to a combination of high prices and increased mortgage rates. The typical starter home sold for $240,000 in February 2024, which is up by 3.4% from the previous year. The average 30-year fixed mortgage rate was 6.78%, up from 6.26% a year earlier. This too shall pass.

The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.

11/10/2023

Why Zillow "Zestimates" are off by 5-20%. There are several reasons why Zillow home estimates are rarely correct.

Here are three of them.

1. Zillow relies heavily on publicly available data, such as property tax records and past sales data. This means it won't pick up any additional value added by home renovations.

2. The pricing estimator isn't that great at choosing comps. Zillow often can't recognize variations in local market pricing. This is best left to you.

3. A sneakier reason: pricing estimates are based on a secret "black box" algorithm that users can't see. Therefore, the homeowner can not easily identify the source of pricing errors.

To be fair, Zillow states that Zestimates cannot be treated as perfect, that their pricing estimates only provide a starting point, and that they don't replace a professional appraiser.

If you'd like to know the true value of your home, contact a Realtor®who will likely help you with no obligation. A licensed appraiser could cost between $500.00 and $850.00

10/16/2023

Have an older loved one living with you? Here are three home renovations that will make life easier for them!

10/14/2023

If it's time to make a move, we should talk! Reach out with your thoughts today.

10/12/2023

Plenty of counter space, plenty of cupboards, and cool brick walls; this kitchen is all-around great!
The best part is the seamless merging of styles and materials.

10/10/2023

Settling into your new house? Here are some easy ways to make it start feeling like home.

10/08/2023

In today's blog, we discuss some of the pros and cons to selling your home to an iBuyer.

An iBuyer can help you to sell your house quickly by skipping some of the hassles of having a home on the market and letting you set your own timeline. But selling to an iBuyer — a real estate company that uses tech to buy and resell houses — isn’t for everyone.

10/06/2023

Which one of your friends is ready to move ASAP?

10/04/2023

When buying a home we often think about what it does for us, but it actually contributes to our community at large as well!

10/02/2023

Your dream home is out there! Let's find it together 🤝

09/30/2023

Thinking about moving to the suburbs? Here are four mistakes to avoid!

Moving from the city to the suburbs? Don't make these mistakes

09/28/2023

Check out some unexpected benefits of owning a home. When you're ready to make a move, let's talk!