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Tag: real estate

  • The Forgettable Kitchen Detail That Could Be Decreasing Your Home’s Value, According to Real Estate Agents

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    It may not be a million-dollar question, but it is one worth at least a few thousand that you may want to ask yourself if you’re a homeowner: Is there anything in your kitchen that could potentially be bringing down your entire home’s value? I spoke to a few real estate pros to find out.

    “I wish it were that easy to say this one thing is killing your home value … but that’s not the case,” says Coldwell Banker’s Ariel Baverman, one of Atlanta’s most accredited and top-producing Realtors. “But obviously, kitchens are one of the most important aspects of a home,” she says, noting they’re a key area of focus when it comes to determining a fair sale price for a property.

    Unfortunately, as Lisa Graff, an award-winning real estate salesperson for Houlihan Lawrence, notes, the kitchen’s size and layout are the biggest factors affecting a home’s value, which are harder and pricier to change. Jen Barnett, broker and owner at The Front Agency, agrees that the features that are “directly detrimental to the overall comparable market value are larger problems in layout and design.” Of course, these issues can’t be easily or quickly fixed — but there are plenty of things affecting the home’s value that can.

    The Features Decreasing Your Home’s Value, According to Real Estate Agents

    While a pricey remodel isn’t usually something a homeowner can immediately rectify, nor should they have to — the good news is that there are some cosmetic improvements that are much easier fixes than a kitchen floor plan overhaul. Here’s what the experts said could be decreasing your home value:

    1. Era-Specific Materials

    One of the first questions Baverman asks when evaluating a kitchen is if it’s been updated recently, or within the last five to 10 years. This is often the median range where appliances and features are in good condition and not noticeably of a different era. Conversely, “fluorescent light fixtures, hunter orange laminate countertops, or avocado green linoleum flooring,” Barnett points out, clearly indicate that the kitchen is “significantly dated,” clearly harkening to the ’70s, which “could make the home less desirable in the eyes of buyers.” 

    Countertop materials are often dead giveaways that the kitchen hasn’t gotten enough TLC from its owners, and that’s not limited to just laminate material. “Tiled or busy countertops, particularly in darker granite, are undesirable, as they can be expensive to replace, especially if there’s an island to consider,” Graff says. “People want more harmonious, quieter kitchens, or a bold color with veining that packs a punch for a luxurious, elevated feel. Busy granite feels tired and dated.”

    Although appliances aren’t part of the structural bones of a kitchen, many house hunters will fixate on them and let these big-ticket items sway their buying decision. Baverman often asks and lists the age of the appliances if it’s favorable. Graff notes that color choice is often a good immediate indicator.

    “Generally, black appliances are out,” Graff says of kitchens in 2025. “White appliances — unless it’s an all-white kitchen — can also give an outdated feel. Harvest gold stoves are out. Older burners on islands with fans overhead have to go as well, as they divide a kitchen and are awkward.” 

    She places room-dividing exhaust as the same kind of faux pas as cabinets above an island, as they both “obstruct sight lines and make a kitchen feel claustrophobic,” which is the last thing someone toiling in the home’s biggest workhorse of a room wants to feel. Barnett agrees, adding that “kitchens that are cramped for space and only comfortably allow one person working at a time tend to isolate the cook.”

    “This may be unrelated to value, but one of my pet peeves is when there are too many different floors from one viewpoint, especially if they clash,” says Baverman, who recommends having no more than three types of flooring visible at a time. Mixing up different floor types and patterns can seem slapdash, hint at piecemeal repairs (and bigger problems), and also make spaces feel both disjointed and smaller, she adds. 

    While Baverman advises stone, wood, and tile as optimal kitchen flooring materials, Graff says that for the latter, grout color is also very important: “Lighter colored flooring with dark grout can appear dirty.” Additionally, “Other things that give ‘ick factor’ are cracked floor tiles. No one wants to inherit a seller’s problems and have to replace floor tiles right off the bat!” While that may sound like a larger project, if you have the original tile on hand, it’s often relatively inexpensive to have a professional tiler replace only a few at a time without having to redo the floors. 

    Leave any of these features as-is, and you risk them coming up at the negotiation table as a reason for a discount on the list price, bringing down your home’s overall value. But if you’re not looking to sell anytime soon and you love your space, enjoy it, because you’re the only one who matters!

    What do you think about these value-decreasing factors? Let us know in the comments below!

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    Su-Jit Lin

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  • Trump’s voice in a new Fannie Mae ad is generated by artificial intelligence, with his permission

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    NEW YORK — What sounds like President Donald Trump narrating a new Fannie Mae ad actually is an AI-cloned voice reading text, according to a disclaimer in the video.

    The voice in the ad, created with permission from the Trump administration, promises an “all new Fannie Mae” and calls the institution the “protector of the American Dream.” The ad comes as the administration is making a big push to show voters it is responding to their concerns about affordability, including in the housing market.

    Trump plans to talk about housing at his appearance at the World Economic Forum in Davos, Switzerland, where world leaders and corporate executives meet this week.

    This isn’t the first time a member of the Trump family has used AI to replicate their voice, First Lady Melania Trump recently employed AI technology firm Eleven Labs to help voice the audio version of her memoir. It’s not known who cloned President Trump’s voice for the Fannie Mae ad.

    Last month, Trump pledged in a prime-time address that he would roll out “some of the most aggressive housing reform plans in American history.”

    “For generations, home ownership meant security, independence, and stability,” Trump’s digitized voice says in the one-minute ad aired Sunday. “But today, that dream feels out of reach for too many Americans not because they stopped working hard but because the system stopped working for them.”

    Fannie Mae and its counterpart Freddie Mac, which have been under government control since the Great Recession, buy mortgages that meet their risk criteria from banks, which helps provide liquidity for the housing market. The two firms guarantee roughly half of the $13 trillion U.S. home loan market and are a bedrock of the U.S. economy.

    The ad says Fannie Mae will work with the banking industry to approve more would-be homebuyers for mortgages.

    Trump, Bill Pulte, who leads the Federal Housing Finance Agency, and others have said they want to sell shares of Fannie Mae and Freddie Mac on a major stock exchange but no concrete plans have been set.

    Trump and Pulte have also floated extending the 30-year mortgage to 50 years in order to lower monthly payments. Trump appeared to back off the proposal after critics said a longer-term loan would reduce people’s ability to create housing equity and increase their own wealth.

    Trump also said on social media earlier this month that he was directing the federal government to buy $200 billion in mortgage bonds, a move he said would help reduce mortgage rates at a time when Americans are anxious about home prices. Trump said Fannie Mae and Freddie Mac have $200 billion in cash that will be used to make the purchase.

    Earlier this month, Trump also said he wants to block large institutional investors f rom buying houses, saying that a ban would make it easier for younger families to buy their first homes.

    Trump’s permission for the use of AI is interesting given that he has complained about aides in the Biden administration using autopen to apply the former president’s signature to laws, pardons or executive orders. An autopen is a mechanical device that is used to replicate a person’s authentic signature.

    However, a report issued by House Republicans does not include any concrete evidence that autopen was used to sign Biden’s name without his knowledge.

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Market Digest: TPR, MS, BLK, META, CTVA, VTRS

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    Analyst Report: Atmos Energy Corp.

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  • Average US long-term mortgage rate hits the lowest point in more than 3 years

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    By ALEX VEIGA, AP Business Writer

    MCLEAN, Va. (AP) — The average long-term U.S. mortgage rate is now down to its lowest level in more than three years.

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    The Associated Press

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Analyst Report: Eaton Corporation PLC

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    Analyst Report: Nisource Inc. (Holding Co.)

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  • California’s moving van outflow slowed in 2025

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    California van moves, average shares of 3 companies. (Graphic by Flourish) 

    One yardstick of California’s popularity as a place to live made a slight improvement last year.

    My trusty spreadsheet has collected annual migration data dating back to 2004 from three major moving van providers — Allied, Atlas and United. While having someone else move your stuff by van is usually an option for upper-crust Americans changing home states, this metric is worth following because it tends to parallel California’s competition for residents with other states.

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    Jonathan Lansner

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  • President Trump Just Made a Big Move That Could Benefit 1 of My Top Stock Picks for 2026

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    • U.S. existing home sales are near a five-year low right now, as elevated interest rates keep buyers sidelined.

    • President Trump just announced a plan that could bring down mortgage rates and reignite the real estate market.

    • Douglas Elliman is one of America’s largest real estate brokerage companies, and its stock could soar in 2026 if the president’s plan works.

    • 10 stocks we like better than Douglas Elliman ›

    Prediction Market powered by

    In August 2023, the U.S. Federal Reserve concluded an aggressive campaign to hike interest rates, which sent the cost of a mortgage skyrocketing to the highest level in two decades. The goal was to tame a soaring inflation rate, and thankfully, it worked, so the Fed has now cut interest rates six times since September 2024.

    That isn’t fast enough for President Donald Trump, though, who regularly calls for the Fed to cut rates more quickly to bring relief to homeowners. However, he might have found a workaround, as last Thursday, he instructed his representatives to purchase $200 billion worth of mortgage-backed securities (MBSes). These bonds hold thousands of mortgages and are sold to investors.

    As is the case with all bonds, a sudden flurry of buying activity will increase the price of each MBS, while decreasing its yield. A lower yield, in theory, will translate to lower interest rates on mortgages, thus helping Trump achieve his goal without help from the Fed.

    Federal Housing Finance Director Bill Pulte said government-controlled enterprises Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) will carry out the $200 billion in MBS purchases in the public market.

    Image source: Getty Images.

    Existing home sales in the U.S. are currently hovering near a five-year low, and according to Redfin, there were 529,770 more sellers than buyers in November. Elevated interest rates have reduced the borrowing capacity of first-time home buyers, shutting many of them out of the market.

    Additionally, many existing homeowners are locked into 30-year mortgages at significantly lower interest rates than what is currently available, so even if they wanted to upgrade or downsize, moving isn’t a financially sound decision at this time. That takes even more would-be buyers out of the market. It’s very hard for real estate brokers to deliver sales in this environment, especially at favorable prices.

    US Existing Home Sales Chart
    US Existing Home Sales data by YCharts

    Douglas Elliman (NYSE: DOUG) is America’s fifth-largest real estate brokerage company, but it’s one of the leaders in luxury markets in California, Florida, New York, Texas, and more. It was founded in 1911, so it has over a century of experience navigating the peaks and troughs of the housing market.

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  • Metro Denver’s housing crunch hits home for residents of Sheridan RV park that will close

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    An RV park in Sheridan that has accommodated low-cost housing for decades will close to make way for a new apartment complex, leaving dozens of residents looking for new places as Colorado remains short on affordable housing and such alternatives as mobile home communities.

    The Sheridan City Council in November approved rezoning the 16-acre Flying Saucer RV Park at the intersection of West Hampden Avenue and South Bryant Street. Indiana-based Garrett Companies will submit plans to the city for a seven-building, 362-unit complex, replacing the 162 spots for recreational vehicles and tiny homes.

    Garrett and the family that has owned the property for 75 years are expected to close the deal by the end of June. Residents will have to move out by then.

    The developer and the family haven’t disclosed the financial terms.

    Anne Whipple, part of the fourth generation of the family to run the business, told Sheridan council members that the decision to sell the property wasn’t made lightly. She read a statement saying the family struggled with ending its legacy of “providing a safe, quiet community for tenants that the City of Sheridan has come to know.”

    But Whipple said the time, cost and energy to keep the park going are unsustainable. The park’s owner, 94-year-old Lucille Tourney, wants “to release her family from this burden,” she added.

    After learning last summer that the site was for sale and being eyed for new development, Steve Ohlfest started a website to rally support for saving Flying Saucer. Ohlfest, a 21-year park resident, urged people to turn out for public meetings on the project. He even contacted area mobile home park owners to gauge their interest in the property.

    Now, Ohlfest and his wife, Tina, aren’t sure where their next home will be. Just a handful of RV parks in metro Denver allow year-round living and their rates are generally higher. The Ohlfests are 16th on a waiting list for a spot in Loveland where they could move their tiny home. A Woodland Park site that caters to tiny homes hasn’t had anyone leave in five years.

    A community in Montrose that accepts tiny homes is a possibility for them. They expect to pay thousands of dollars to haul their 26,000-pound home and other belongings to the Western Slope if they move there.

    “What are our other options? We can’t afford a house in Denver,” Ohlfest said.

    Garrett Companies said it will hire a consultant to work with individual Flying Saucer residents who need help moving their recreational vehicles, finding a place to live or applying for housing and social services. The company said in December that residents should hear from the consultant after the first of the year.

    “The intent is to do right by people, particularly people of lesser means and people who are older,” said Cary Brazeman, a spokesman for Garrett.

    Meredith Long has rented a spot at Flying Saucer for three years, living in a travel trailer part of the year and moving it to Steamboat Springs where she runs a business during the winter. Long said park residents include people who travel back and forth from other homes, retirees and disabled veterans who’ve lived there for several years.

    Several have turned the park that runs along Bear Creek and has tree-lined roads into long-term homes with fenced yards and outdoor decks.

    “They kept trying to say it is temporary housing and never meant to be permanent, but that’s not how they operated it,” Long said of the park’s owners.

    The room was packed for an October Sheridan planning commission meeting on the project, Long said. After the planning commission recommended that the city council approve the rezoning, she said turnout for the meetings dropped because people felt defeated.

    Flying Saucer RV Park in Sheridan, Colorado on Thursday, Sept. 25, 2025. (Photo by Hyoung Chang/The Denver Post)

    “For me it’s just been the process that’s been the most frustrating, with the lack of communication and transparency from the city of Sheridan,” Long said.

    The park owners haven’t kept residents informed either, she added. People are uneasy after a couple of tenants were served eviction notices in the last few months, Long said.

    Whipple, the onsite manager at Flying Saucer, declined to talk to The Denver Post about Long’s concerns. She told the city council in the November meeting that 40 of the park’s spots were vacant.

    “There have been several people who have left without paying rent, leaving us with significant expenses,” Whipple said.

    City officials said they’ve kept in touch with Flying Saucer residents while considering the development plans. The city held a neighborhood meeting in June on the proposed rezoning. Notices of the planning commission and city council meetings were sent to property owners and residents within 300 feet of the RV park, including the individual RV spots.

    Notice was published in the Littleton Independent newspaper and signs in English and Spanish were posted on the property, according to the city.

    Home sweet home?

    Sheridan Community Development Director Andrew Rogge said the Garrett Companies’ rezoning application met city criteria and was consistent with the goals of the city’s comprehensive plan. He said rezoning the property from business/light industrial to planned unit development will make the site more compatible with surrounding properties, which include the River Point at Sheridan shopping center.

    And Rogge noted that a 2025 housing needs assessment showed Sheridan is short of 309 units and will need 409 more units over the next 10 years.

    Rents for the apartments that will replace the RV park will be market-rate. Rogge said in an email that Sheridan doesn’t have an ordinance requiring the developer to build a certain number of affordable housing units.

    However, city officials said two affordable housing projects were recently approved. One development will add 149 apartment units. A Habitat for Humanity project will add 63 single-family homes.

    The U.S. Census Bureau reported in 2024 that Sheridan’s median household income was $58,571 and the poverty rate was 13.5%. The statewide median household income was $97,113 and the poverty rate was 9.6%.

    A Garrett representative said during the June neighborhood meeting that rents for its apartments would likely range from $1,600 to $2,600.

    “I couldn’t afford your apartment and I make good money,” Councilman Ernie Camacho.told Garrett representatives during the council meeting.

    Camacho, the lone vote against rezoning the RV park, voiced support for more single-family homes rather than apartments.

    The council members who favored rezoning said they cared about the fate of the RV park’s residents, but respected the owner’s right to sell the property. They also said the limited terms of the leases underscored that the park wasn’t intended to be a permanent home.

    Whipple said when the family decided in 2024 to put the property on the market, they let new tenants know the leases would be capped at six months. Before then, leases were month to month but didn’t have a maximum term.

    Dawn Shepherd of Littleton urged the city council to reject the rezoning application. The former director of the Englewood Housing Authority said Sheridan has typically tried to provide housing for lower-income residents.

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    Judith Kohler

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  • Research Reports & Trade Ideas – Yahoo Finance

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    Daily Spotlight: Unemployment Rate Drops to 4.4%

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    Daily Spotlight: Global Stocks Were Leaders in 2025

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    Analyst Report: United Airlines Holdings Inc

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  • The tax implications of moving to Québec – MoneySense

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    Two tax systems

    Unlike other parts of Canada, you file two tax returns when you live in Québec: a federal tax return with the Canada Revenue Agency (CRA) and a provincial tax return with Revenu Québec. 

    In addition to a federal T1 tax return, you file a provincial TP1 tax return. This alone can add complexity and, in many cases, higher accounting costs—especially if you have a business, significant investment income, or multiple sources of income.

    Québec tax rates

    The tax rates in Québec are relatively high compared to other provinces. This is noticeable particularly at lower- and middle-income levels. The gap tends to narrow at higher incomes, but taxpayers can expect to pay more in Québec than the rates payable in Ontario or western provinces. 

    For example, at $75,000 of taxable income, a Québec resident would pay about $17,000 of tax, ignoring tax deductions or credits. In Ontario, that same taxpayer would pay about $13,600 of tax. In Alberta, it would be roughly $14,100. 

    Tax credits and social programs for families

    Like other parts of Canada, there are province-specific credits and programs that apply. Two appealing ones for families are the Québec Parental Insurance Plan (QPIP) and subsidized daycare program.

    The QPIP replaces federal employment insurance (EI) parent benefits by providing income to parents after the birth or adoption of a child. It is more generous and flexible, and administered through payroll. 

    Income Tax Guide for Canadians

    Deadlines, tax tips and more

    Licensed daycare centres offer heavily subsidized care with a flat fee of about $10 per day. 

    Child benefits—the Allocation familiale (Québec Family Allowance)—is integrated with the Canada Child Benefit (CCB). Québec residents receive a lower CCB in recognition of the provincial benefits provided in that province. The combined total is comparable to what a parent would receive in other provinces. 

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    Québec Pension Plan for retirees

    The Québec Pension Plan (QPP) complements the Canada Pension Plan (CPP) for retiree pension benefits. Just like an employee or self-employed person in other parts of Canada pays CPP premiums, a Québec worker pays QPP premiums. The two programs coordinate benefits, including retirement pensions. 

    If you worked in both Québec and elsewhere in Canada, and apply for your pension while living outside Québec, you apply to the CPP. If you always worked in Québec but live outside of Québec in retirement, you apply to the QPP with Retraite Québec. 

    Expatriates who retire outside of Canada apply to the Retraite Québec if the last province they lived in was Québec; otherwise, they apply for CPP with Service Canada. 

    Sales tax

    Québec sales tax includes both the federal Goods and Services Tax (GST) and the Québec Sales Tax (QST), as opposed to the Harmonized Sales Tax (HST) that applies in some other provinces. 

    QST may apply to some goods and services that are exempt from GST, so there can be some differences versus other provinces. 

    Companies providing services or selling goods in the province of Québec may need to register for and charge QST, despite living and generally operating outside of Québec. 

    Language requirements

    The provincial government and Revenu Québec operate primarily in French, though some English options may be available. This can result in another layer of administration for some taxpayers who are not bilingual. 

    Timing rule

    Like other provinces, your province of residency is determined by where you live on December 31 of the tax year. So, even if you move to or from Québec on December 30, the final day of the calendar year is what determines your tax filing requirements. There is no proration for the year. 

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    Jason Heath, CFP

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  • How much is your home really worth? – MoneySense

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    That confusion comes down to two different measures: market price and appraised value. While they sound similar, they serve different purposes and can vary widely. Understanding the difference helps you make better decisions when selling, refinancing, renovating, or dealing with legal and tax matters.

    Market price vs. appraised value

    The market price of your home is what a buyer will pay for it today. It can shift quickly since it’s driven by factors such as:

    • Demand in the specific neighbourhood
    • Competing offers or bidding-war situations
    • Buyer emotions, urgency, and fear of missing out (FOMO)
    • Interest rates and affordability

    In fast-moving markets like Toronto and Vancouver, the market price can change from week to week, or even sometimes day to day.

    In contrast, appraised value is designed to be steady and defensible. It answers one key question: Based on recent evidence, what is this home worth in the current market? Rather than considering emotion or competition, an appraiser focuses on:

    • Recent nearby sales
    • Property size, layout, and condition
    • Number of bedrooms and bathrooms
    • Quality and relevance of renovations
    • Finishes and fitments of the property
    • Overall quality of workmanship
    • Neighbourhood trends
    • Lot size, zoning, and external influences
    • Basement finishes
    • Parking and/or garage

    Banks, lawyers, courts, and the CRA rely on appraisals since they’re unbiased and consistent, even when market sentiment is volatile.

    You’re 2 minutes away from getting the best mortgage rates.

    Answer a few quick questions to get a personalized quote, whether you’re buying, renewing or refinancing.

    Why don’t market and appraisal value always match?

    It’s not uncommon for appraisals to come in lower (or occasionally higher) than the market price. Here are some of the most common reasons why.

    1. Buyers don’t always make decisions based on logic

    People fall in love with homes, they get attached, they get competitive, and they get tired of losing bidding wars. All of this can result in making an unrealistic offer on a property that doesn’t depict what’s actually happening in the market. 

    A buyer who’s fed up or emotionally invested might pay well above what recent sales support. An appraiser cannot use a one-off emotional purchase to justify the final value.

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    2. Appraisers steer past active listings

    Homeowners often compare their home to what others are asking for down the street. But list prices are just that—prices that someone hopes to get. Some listings sell for less than list price, some sell for more, and some never sell at all.

    Appraisers focus only on sold data because it reflects actual behaviour, not speculation.

    3. Renovations don’t always add dollar-for-dollar value

    This is one of the most common misunderstandings. You might spend $70,000 on a new kitchen, but the market might only value that upgrade at $25,000 to $40,000. Landscaping and high-end finishes often have even lower returns.

    Appraisers measure value based on how the market reacts to upgrades, not how much they cost you.

    4. Timing can shift value quickly

    Values can change even within the same month based on what’s happening in the market and wider economy. For example, a rate announcement might push buyers in or out of the market, a sudden spike in listings could cool prices, or seasonal patterns (like a December lull or summer slowdown) could reduce activity. 

    Appraisers capture a snapshot of the market at a very specific moment.

    5. Unique homes are difficult to compare

    A one-of-a-kind home like a heritage property, custom build, or oversized lot might attract a buyer willing to pay a premium simply because they love it. But an appraiser must look at the broader market. If there aren’t many comparable sales, their valuation will naturally be more conservative.

    6. Homeowners often overestimate their home’s value

    This is completely understandable—you are emotionally attached to your home and online valuation tools or old sales prices can set unrealistic expectations. Appraisals strip out emotion and focus only on evidence.

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    Tejveer S. Walia, P.App, CRA

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  • $524,000 annual salary needed to buy median-priced home in this Bay Area county

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    It is no secret living in the Bay Area comes with a high price tag.

    A new report from the California Association of Realtors solidifies what is already known about the region’s pricey real estate. The association reports anyone wanting to buy a median-priced home in San Mateo County will need to earn more than half a million dollars a year — $524,000 to be exact.

    Yep, just over half a mil to purchase on the Peninsula. The minimum qualifying amount for a median-priced home in Santa Clara County goes down a notch to the tune of $482,400 annually.

    In San Francisco, one would need to make just north of $400,000 a year.

    The association said those staggering numbers are the result of the Bay Area’s unique mix of high tech salaries and low housing inventory.

    Business and tech reporter Scott Budman examines the latest numbers and what is fueling the rising prices. Watch his report in the video above.

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    Scott Budman and Kristofer Noceda

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