Home price drops, vacation rental amenities, and more.

Published May 11, 2022
Better
by Better

Home price drops, vacation rental amenities, and more


Here’s a look at the latest developments in the mortgage market this week.

Cities with big price drops

According to a new report from Realtor.com, home prices have actually started to see some big drops in a handful of big cities. The top 10 list includes Toledo, Pittsburgh, Los Angeles, Chicago, and Richmond.

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Median price declines in the 12 months through March.

So if you have some flexibility in your house hunt and you’re looking for a new home that’s below the national median price of $405,000, this list has some great options.



Top amenities if you’re planning to rent your vacation home

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If you’re planning on renting out your vacation home this summer, Vrbo reports that 48% of families are willing to spend more on nicer accommodations.

A recent survey found that Wi-Fi, streaming subscriptions, and smart TVs rank above amenities like bedding and cookware. from As more people work from the road, a reliable internet connection is a non-negotiable that renters are willing to pay more for, especially in remote areas.

Other important amenities include dishwashers, microwaves, and parent-friendly items like high-chairs and playpens.

Looking to buy a vacation home or investment property this summer?




Quote from Better Mortgage Loan Consultant Associate

A breezy upgrade with big ROI

Upgrading your home’s windows is a smart investment. It helps make your home more energy efficient, and will potentially lower your heating and cooling bills.

Most homeowners may put a new kitchen or updated bathroom higher on the to-do list, but new windows generally receive a 100 percent ROI.

Looking for a way to put your equity to work? A cash-out refinance could help you get started on some of those renovations.


Considering a home loan?

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