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Strongest Housing Markets in 2014 State-By-State

(Originally posted on Bloomberg Businessweek.com)

A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the bottom is near. Home prices in the U.S. have declined 29.5 percent over the past four years, according to the Fiserv Case-Shiller Indexes. Stiff says prices should form a trough early next year, when median prices will be down an estimated 32.9 percent from the 2006 peak. By early 2014, they will have climbed about 7.2 percent from 2010 levels, according to the indexes. Fiserv and Moody’s Economy.com base the housing forecast on factors that include income growth, demographic trends, unemployment rates, foreclosure rates, and construction costs. Read more

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How To Sell An Inherited Home

(Originally posted on Marketwatch.com)

Selling an inherited house isn’t easy. There’s the emotional aspect of getting a loved one’s home ready for sale — which likely includes clearing out his or her belongings and depersonalizing the rooms. There’s the financial cost of making necessary updates to attract buyers. Sometimes heirs have to deal with costly liens or other hidden problems, and there may be disagreements among siblings about the sale price. And understandably, sometimes family members drag their feet. Images of growing up in the home with Mom and Dad prevent them from springing into action. They can’t let go. Read more.

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Louisville Named One of 10 Most Affordable U.S. Cities

(Originally appeared on Refinery 29.com)

Whether you're contemplating a big move or just peeking over the fence to see how much greener the grass is, this little list is food for thought. Apartment Guide looked at its property listing data around rental rates and this Cost of Living Index. Meanwhile, our besties atLearnVest provided tips for budgeting in the New Year here. What you get is a list of 10 towns where rental and cost of living expenses are tantalizingly low. Seems a premium was placed on communities with strong cultural backbones — Louisville, Memphis, Oklahoma City, and Columbus on the list are all cities with strong music scenes. Read more.

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