The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023.
In my 2023 forecast, the range on the 10-year yield was between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which would require jobless claims to go over 323,000 on a four-week moving average.
That 10-year yield channel equates to 5.75%- 7.25% mortgage rates. And since the labor market isn’t breaking and the economy is doing well, mortgage rates are at the higher end of my range for this year. In fact, mortgage rates today were as high as they have been since December of 2000.
The big surprise in 2023 has been that the spreads with mortgage rates got worse, not better — all due to the banking crisis.
As you can see in the chart below, spreads were getting better, then the banking crisis hit and they got worse. This new variable is our 2023 reality until the Federal Reserve cries uncle.
Now let’s look at the 10-year yield: We closed today at 4.28%. For intraday action, I wanted to see if we could reach the highest level of last year at 4.34%. We didn’t, and in fact, yields headed lower toward the end of the day from the high peaks. For now, keep an eye out for that 4.34% level because breaking above that could cause more short-term bond selling.
As we can see below with a longer timeline chart, the 10-year yield has stayed in my range this year for 99.9% of the time. Considering where the economic data has been recently, it makes sense that we are at the higher end of the range because there is no recession in the data lines currently.
The critical time was early this year when it looked like the bond market wanted to go lower due to the banking crisis, but my Gandalf line (the red line below) held. I believe as long as the economy isn’t breaking, the 10-year yield shouldn’t go under 3.37% — and the chart below shows that line has held up eight times.
I started forecasting 10-year yield ranges and mortgage rates in the previous expansion: It was a very boring channel. Every year starting from 2015, it was the same forecast; the 10-year yield would be between 1.60%-3% which meant mortgage rates between 3.50%-4.75%, roughly.
As the chart below shows, before the COVID-19 recession, bond yields mostly stayed in that range, although there were times between 2015-2020 when they broke below 1.60% and over 3%. Currently, we are slightly above 4.25%.
When COVID-19 hit, I had a 10-year yield range for the recession at -0.21%-0.62. My COVID-19 recovery model began on April 7, 2020, as the 10-year yield was above 0.62% on that day.
In 2021, even though I was calling for higher mortgage rates because home prices could explode higher, the 10-year yield forecast was 0.62%-1.94% with an emphasis on creating a range between 1.33%-1.60%. That happened and we spent a good amount of time there in 2021.
In 2022, my 10-year yield call peaked at 1.94%, but I said that if global bond yields rose, we could hit 2.42%. March of 2022 brought a Fed pivot and the Russian invasion of Ukraine and we were off to the races with bond yields getting as high as 4.33% intraday in 2022.
So will mortgage rates go to 8%?
The inflation growth rate has been falling, but my bond yields range for 2023 was based on the economic data staying firm, meaning if economic data gets better, yields should be at the higher end. This week’s economics data, retail sales, and industrial production data beat estimates and the Atlanta GDP data is at 5.8%. The economic data hasn’t just stayed firm — it’s gotten better so bond yields are now above the range.
We also have to consider the Federal Reserve. The Fed now believes its policy is restrictive, which wasn’t case last year, so this is a reason why they’re not talking about more aggressive rate hikes.
How much higher can bond yields and mortgage rates go before the Fed starts talking about it? Hopefully, this chart below gives you an idea, because if the inflation growth rate cools even more, the Fed might step in to cut rates or stop their balance sheet reduction, which is another form of tightening policy.
So, can mortgage rates hit 8%?
Yes, they can, but it would require the economic data to stay firm. Short-term, as long as the economy outperforms, 8% is in the works. However, you can see the limits of mortgage rates now because the Federal Reserve has told us they believe their policy stance is restrictive. They don’t want to push the lever too much because one of their goals is to keep the Fed funds rate higher for longer.
The one thing that can change the Fed’s mindset is the labor market breaking, but for now they don’t have to worry about that.
Welcome to the hidden treasures of North Carolina, where the charm of small-town living meets the richness of Southern hospitality. Beyond the bustling cities and popular tourist destinations, these towns offer a glimpse into a world of quaint streets, warm community bonds, and a pace of life that’s refreshingly different. From Clayton to Shelby, join us as we discuss 12 unique, small towns in North Carolina.
1. Clayton, NC
Median sale price: $360,000
Walk Score: 73
As you stroll through Clayton’s streets, you’ll find a variety of locally-owned shops, cafes, and restaurants, each contributing to the town’s vibrant atmosphere. Clayton’s parks and outdoor spaces are perfect for leisurely walks and public gatherings, while its local events foster a sense of community that’s hard to resist. Whether you’re exploring its historic sites or savoring its culinary delights, Clayton promises an unforgettable experience.
Homes for sale in Clayton, NC
Apartments for rent in Clayton, NC
2. Southern Pines, NC
Median sale price: $564,950
Walk Score: 78
Southern Pines exudes a timeless charm that captivates both residents and visitors alike. With its elegant streets and historic architecture, the town offers a window into its rich past. Golf enthusiasts will delight in its renowned courses, while art and culture aficionados will find galleries and performances that showcase the town’s creative spirit.
Homes for sale in Southern Pines, NC
Apartments for rent in Southern Pines, NC
3. Pinehurst, NC
Median sale price: $470,000
Walk Score: 63
Nestled in the heart of North Carolina, Pinehurst beckons with its blend of golfing excellence and small-town allure. The town’s lush golf courses have earned it a reputation as a golfer’s paradise, attracting enthusiasts from all around. Beyond the fairways, Pinehurst’s shops, eateries, and cultural spots offer a diverse array of experiences. Tee off on world-class courses or savor local cuisine, Pinehurst has plenty to do for any visitor.
Homes for sale in Pinehurst, NC
Apartments for rent in Pinehurst, NC
4. Hope Mills, NC
Median sale price: $299,073
Walk Score: 61
This town’s picturesque parks provide ample opportunities for outdoor activities and leisurely picnics. With a focus on public events, residences of Hope Mills gather to celebrate the essence of small-town life. Whether you’re exploring its natural beauty or joining in town festivities, Hope Mills offers a warm and inviting haven for all who visit.
Homes for sale in Hope Mills, NC
Apartments for rent in Hope Mills, NC
5. Laurinburg, NC
Median sale price: $173,000
Walk Score: 54
Laurinburg, a town rich in history, extends a warm welcome to all who venture here. Its historical sites and architecture offer glimpses into its past, while local events and gatherings strengthen its present bonds. The town’s sense of unity is reflected in its array of activities, from outdoor markets to cultural festivals.
Homes for sale in Laurinburg, NC
Apartments for rent in Laurinburg, NC
6. Spout Springs, NC
Median sale price: $343,500
Walk Score: 19
Amidst North Carolina’s landscapes, Spout Springs provides a tranquil retreat. The town’s natural beauty is mirrored in its parks and outdoor spaces, perfect for those seeking a peaceful ambiance. Whether you’re embracing nature’s serenity or engaging in town gatherings, Spout Springs offers a quiet haven to experience the beauty of North Carolina.
Homes for sale in Spout Springs, NC
Apartments for rent in Spout Springs, NC
7. Statesville, NC
Median sale price: $299,999
Walk Score: 82
Statesville’s historical landmarks and preserved architecture tell tales of its past, while its bustling downtown boasts shops and eateries that mirror its contemporary flair. Have you ever heard of the Crossroads Pumpkin Festival? It’s an autumn extravaganza held in Statesville with everything pumpkin-themed you can think of. Fun fact: Statesville’s Davis Regional Medical Center was the first hospital in the world to use 3D-printed knee implants.
Homes for sale in Statesville, NC
Apartments for rent in Statesville, NC
8. Lexington, NC
Median sale price: $255,000
Walk Score: 76
Known as the Barbecue Capital of the World, this small town in North Carolina offers a delectable culinary scene that’s hard to resist. Its vibrant downtown boasts shops, galleries, and historical sites that reflect its diverse character.
Homes for sale in Lexington, NC
Apartments for rent in Lexington, NC
9. Mount Airy, NC
Median sale price: $235,000
Walk Score: 76
Mount Airy, known as “Mayberry,” welcomes you with open arms to experience its small-town atmosphere. As you explore Mount Airy’s streets, you’ll find quaint shops, cozy cafes, and a genuine sense of community. If you’re strolling down memory lane or partaking in local festivities, Mount Airy offers a charming retreat for all who visit.
Homes for sale in Mount Airy, NC
Apartments for rent in Mount Airy, NC
10. Lewisville, NC
Median sale price: $347,500
Walk Score: 44
This town’s parks and outdoor spaces offer a serene escape for outdoor enthusiasts. If you’re a nature lover, you’ll dig the Tanglewood Park – it’s got everything from serene trails to horseback riding. Additionally, you can visit Shallowford Square, a great gathering spot for locals to enjoy concerts and festivals.
Homes for sale in Lewisville, NC
Apartments for rent in Lewisville, NC
11. Boone, NC
Median sale price: $336,250
Walk Score: 72
Boone invites you to bask in its mountain charm and dynamic atmosphere. Located in the Blue Ridge Mountains, the town offers stunning vistas and outdoor adventures that attracts all who seek natural beauty. Boone’s lively downtown features shops, galleries, and eateries, each contributing to the town’s unique spirit.
Homes for sale in Boone, NC
Apartments for rent in Boone, NC
12. Lenoir, NC
Median sale price: $253,500
Walk Score: 72
Lenoir’s historical landmarks and preserved architecture offer a glimpse into its past, while its local events create connections among its residents. Whether you’re embracing its art scene or engaging in community festivities, Lenoir promises an enriching experience that you’ll love.
Homes for sale in Lenoir, NC
Apartments for rent in Lenoir, NC
Wrapping up small towns in North Carolina
From the historic charm of Clayton to the mountain vistas of Boone, each small town in North Carolina offers a unique blend of community, culture, and natural beauty. Try immersing yourself in local events, indulging in culinary delights, or simply wandering through picturesque streets, these towns will surly welcome you with open arms.
Want to learn how to sell DVDs online and near you? Here’s how you can make extra money selling used DVDs.
Do you have a stack of DVDs taking up space in your home? If so, you can sell DVDs online as a way to declutter and put some extra cash in your pocket.
While you may no longer need or want the DVD, there are people still buying DVDs out there.
This guide on how to sell used DVDs includes tips on:
The best places to sell DVDs online
How to get started selling DVDs online
How to make the most money selling DVDs
How much you can earn selling used DVDs online
Here’s a step-by-step guide to help you get started and teach you how to sell used DVDs online.
Related content on ways to make extra money from home:
Best places to sell DVDs online
There are many online platforms and vendors where you can sell DVDs. Before choosing a platform, make sure to find out what fees and payment methods (for example, some may only pay via trade-in credit, whereas others may pay cash) each website provides, as well as what the customer reviews say.
Here are the most popular options for selling DVDs online.
1. eBay
eBay is one of the largest online marketplaces and lets you list both new and used DVDs. You can set your own prices and choose between auction-style listings or fixed-price listings. eBay is user-friendly and the site is easy to navigate and create listings.
My sister has sold on eBay plenty of times, and it is easy.
It’s important to accumulate positive feedback as you complete transactions because it will improve your ratings, which increases your visibility on the website.
2. Amazon
Selling new DVDs on Amazon can be a great way to get started.
Amazon has a massive reach and customer trust. Everyone knows what Amazon is!
Sellers can list DVDs as individual items or in bulk. You can choose between an individual seller account or a professional seller account.
For individual sellers, this account is best for people who are not selling regularly. You pay per-item fees for every sale. A professional seller account is different. You pay a monthly subscription fee to have this account and it’s designed for people who are selling regularly on Amazon. With this account, you can list an unlimited number of products.
With Amazon, you can choose between Fulfillment by Amazon (FBA) or Fulfillment by Merchant (FBM). Fulfillment by Amazon (FBA) means Amazon will store, pack, and ship your products to customers. Fulfillment by Merchant (FBM) means you have to handle the fulfillment process yourself and ship products to customers.
There is also the Amazon Trade-In program that you may want to try too.
3. Decluttr
Decluttr is a platform that buys and sells items, including new and used DVDs. The website and mobile app are incredibly easy to use.
All you have to do is scan the barcode of your DVDs and you’ll get instant price quotes. Decluttr stands out from the other platforms on this list because the app provides a quick valuation process. This makes it quick and easy to get an idea of how much you can earn for your DVDs.
Decluttr even provides you with a free shipping label, so all you have to do is pack the items in a box and ship them to Delcuttr. Decluttr covers shipping costs making the process easy for sellers.
Keep in mind that you are likely to receive lower profits since Decluttr is doing a lot of the work for you. You will likely earn more money if you decide to sell directly to consumers on a different platform. But, you’ll also have to do more work on other platforms.
4. Bonavendi
Bonavendi is a website that lets you compare different platforms for your used items like DVDs. Bonavendi works as a price comparison tool so you can see which site will pay you the most for your item.
To find out how much you can receive for a DVD, all you do is enter the barcode of the item you’re selling. A list pops up with each platform and how much each site offers for the DVD.
This saves you a ton of time and helps you make more profit since you’ll know which platform is best for selling your DVDs.
5. Facebook Marketplace
Facebook Marketplace is an easy way to list DVDs to sell to local buyers in your town or neighborhood. If you already have a Facebook profile (which most people do), you can start creating listings immediately on Facebook Marketplace and in local buy and sell groups. Simply provide accurate information on your listing and maintain good communication on the platform.
Make sure to choose a public and safe location for the exchange, like a police station parking lot. You may even consider bringing a friend along or letting someone know where you are meeting this person. This is important when using Facebook Marketplace because you are personally meeting up with a stranger from the internet and exchanging money.
Facebook Marketplace is a great option for people who do not want to deal with the hassle of shipping and want to sell an item as quickly as possible.
6. Etsy
If you have collectible DVDs, Etsy is a great place for selling your items to a niche audience. Etsy is known for selling items that are handmade, vintage, or unique. Keep this in mind when you consider selling DVDs on this platform. You probably can’t just sell a DVD without it being unique in some way (although, I did check Etsy and I did see just normal DVDs listed on the site).
DVDs that are a good fit for Etsy should have a unique or collectible aspect. This could be a DVD with special packaging, limited editions, or signed copies by a director or actor.
7. Craigslist
Craigslist is similar to Facebook Marketplace as it allows you to sell to local buyers. It’s quick and easy to list DVDs on Craigslist. It’s also important to have good communication and be responsive to emails about your items. People generally like to hear back quickly (the same day if possible).
Once you’ve connected with a buyer, determine where you will meet and what time. Make sure to choose a safe location like a police station or public space. You may even want to bring a friend or let someone know where you are meeting the person.
One idea for Craigslist is to simply list all of your DVDs in a single listing, which can make it easier instead of making separate listings for each DVD that you have.
8. SellDVDsOnline.com
Sell DVDs Online is a platform that allows you to sell DVDs directly to SellDVDsOnline.com. The process is easy.
To get started, all you have to do is enter the DVD’s UPC code, which is usually on the back of the DVD by the barcode. You’ll receive an instant price quote. Sell DVDs Online offers free shipping and you never come in contact with customers.
9. EagleSaver
Eagle Saver is a website that lets you sell books, CDs, DVDs, and games for cash. Eagle Saver has a free app so that you can scan your DVDs and value your items faster.
Benefits of selling DVDs on EagleSaver.com include getting paid quickly, risk-free quote guarantee, no fees, and free shipping. With EagleSaver.com, all orders qualify for a free FedEx shipping label, tracking number, and $100 of packing insurance.
10. Yard sale
Though yard sales aren’t online, they are a quick way to get rid of your DVDs and blu-ray movies. You can gather all of your DVDs into one place so buyers can browse through them quickly. Price them competitively at $1 for standard DVDs or $2 for special editions.
Then, organize your DVDs neatly so buyers can go through them without any problem. You may even want to consider offering bundle deals, like “Buy 5 DVDs for $3”. This can encourage garage sale buyers to buy more DVDs.
To sell more DVDs, you could even have a DVD player and TV set up so you can demonstrate that the DVDs are in working condition. This is going to help the buyer feel confident and make their purchase.
Make sure to promote your yard sale through local community groups, local yard sale apps, social media, and by placing signs around your neighborhood.
11. FYE
FYE is an entertainment retailer that sells new and used music, DVDs, video games, and more.
While their online store is not currently accepting used items, most of their store locations currently are. You can use their store locator to find a store near you. This can be an easy way to sell your items in person by simply bringing a big stack with you.
How to get started selling DVDs online
Now, we’ll talk about how to get started selling DVDs online, so you can start making money from selling DVDs ASAP.
1. Gather your DVDs together
Grab all of your DVDs and sort them into one area. Go through each DVD and make sure they are in good condition with intact cases and minimal scratches. Open up the case, of course, and make sure there is a DVD in there (sometimes they disappear over the years).
2. Research what is selling
Do research and find out which DVDs are in demand and what they are selling for. Some of the sites above will give you an idea of how much you can get for a used DVD.
3. Pick a platform to sell DVDs
One of the most important steps on this list is choosing a selling platform. For example, Bonavendi is a great tool for comparing different platforms and getting the best price on a DVD. Facebook Marketplace or a garage sale may mean selling an item very quickly, though, and in person.
4. Create DVD listings and set pricing
If you plan on selling the DVD yourself, you will need to create a listing for each DVD. Make sure the listing is accurate, detailed, and has clear photos of the DVD, case, and any special features.
Next, you will set a competitive price based on the research you do. Keep in mind the DVD’s condition, rarity, if it’s a set, and market demand when pricing the DVD.
5. Payment methods
Once you know which platform you’re going to use to sell DVDs, make sure there is a secure payment method for the platform. If you’re selling DVDs on Facebook Marketplace or Craigslist, expect to receive payment as cash or through a platform like Venmo.
Personally, I would not accept a check for a small payment such as a DVD from a person I met on Facebook Marketplace or Craigslist for example, as though are common scams.
6. Customer service
When selling used DVDs online, try to keep your reviews and ratings high on platforms by responding to questions and solving any problems (reading your reviews can also help you to improve your process). Remember, positive reviews are important for selling a lot of DVDs online so that future buyers can trust that your DVDs work. For example, if you have a lot of reviews that mention that the DVDs do not work, this may prevent other people from buying from you.
7. Shipping and packaging
Figure out how you want to ship, which carrier you want to ship with, and if you want to ship at all. You may prefer skipping shipping altogether and meeting customers in person to sell DVDs.
If you do decide to ship your DVDs, they need to arrive in good condition. Make sure to use proper packaging materials and be transparent about delivery times and shipping costs in your listing.
8. Keeping track of inventory
Whenever a DVD sells, take down the listing immediately if it isn’t done automatically. This is going to help you avoid any issues with other customers trying to buy the same item and save you time and headaches.
Best tips for selling DVDs online
Here is a list of the best tips for selling DVDs online.
Optimize your DVD listings by using high-quality images of your DVDs and writing clear and detailed descriptions
See what similar DVDs are selling for and set competitive pricing
Bundle similar titles and offer a deal to encourage buyers to buy more items at once
Be honest about the condition of the DVDs and disclose any scratches or missing items (like original cases or inserts)
Mention special edition DVDs and other collector’s items you have (if you have one of these)
Use multiple platforms to reach a broader audience
Provide tracking information to buyers
How much can you make selling DVDs online?
What you can earn from selling DVDs online depends on a few different factors, such as the condition of the DVDs, the rarity of the DVD, demand, which platform you use, and what’s trending in the DVD market.
Here are a few things that may impact how much money you can make from each DVD:
Condition – If your DVD is brand new, unopened, and wrapped in plastic still, the DVD may be able to be priced higher. However, if your DVD has scratches or dented cases, those things can impact pricing.
Market demand – If you have a DVD that is rare, a special edition, or a collector’s item, this DVD will sell for a higher price due to the rarity and increased demand for the item.
Platform – The platform you choose has a big impact on your profits. Some platforms have fees, some don’t, and others have more dedicated DVD collectors, while others don’t.
FAQs about selling used DVDs
Here are answers to common questions about selling used DVDs online and locally.
Are used DVDs worth anything?
Yes! You can actually make money selling used DVDs and blu-rays. If you have a DVD collection, you may want to think about going through it and seeing what movies you can sell. After all, with Netflix and Hulu being around, there’s a good chance that you haven’t touched your DVD collection in a long time.
How do I know if my DVD is valuable?
You can check some of the different websites that sell DVDs to see what they are selling for.
Where is the best place to sell DVDs? Where can I sell DVDs?
Some of the best places to sell DVDs online and locally include eBay, Amazon, Decluttr, Bonavendi, Facebook Marketplace, Etsy, Craigslist, SellDVDsOnline.com, Eagle Saver, and having a yard sale. A used bookstore may buy used DVDs as well. Some of the easiest online sites will work right from an ios or Android device too, meaning you can sell DVDs from your phone!
How much can you sell a used DVD for?
The amount you can sell a used DVD varies, but generally, you can earn about $0.50 to $20. It depends on what you are selling (for example, box sets or TV series usually will earn you more money).
You will want to think about costs for the different selling sites, as things like shipping fees can add up quickly.
You may receive money through PayPal, direct deposit, paper check, trade-in credit (yes, you may be able to trade in movies), store credit, or even cash by selling your old DVDs.
Is Decluttr a trusted site?
Yes, Decluttr is a trusted site to sell used DVDs online. You can even sell your used video games, textbooks, video game consoles, tablets, or old cell phones on this site too.
How much do pawn shops pay for DVDs?
Pawn shops usually pay around $0.50 to $5.00 for used DVDs.
Sell DVDs online – Summary
Now you can get started selling DVDs online and making extra money with this side hustle. Selling your used DVDs online has so many benefits, including decluttering, freeing up shelf space, and making extra cash for vacations or paying off debt.
If you’re no longer using your DVDs, put them to good use by selling them to people who want to buy them and use that money to reach your financial goals.
Have you ever sold DVDs online? What was your experience like?
An interesting thing happened to a pair of Ocean City, New Jersey homeowners recently.
Residents Bill and Barbara Doughten received an anonymous handwritten note from a real estate agent who took offense to them parking the car on the front lawn of their property.
Apparently the elderly couple parked their car sideways on the front lawn instead of using their driveway, something that can be seen as crude to some.
“I’m Trying to Sell Million Dollar Homes”
Unfortunately, the real estate agent didn’t take the time to investigate the why of the matter, and instead left the scribbled note expressing his or her disgust for the seemingly tacky move.
The agent expressed intense frustration in having trouble selling million-dollar homes because of the unsightly parking situation, writing, “You have a driveway – use it.”
But little did the individual know that the reason the homeowner parked on the lawn was because of their old age/health, with the lawn parking spot making for a shorter trip inside the home.
After receiving the note, the incensed granddaughter of the couple took to Facebook to set the record straight.
Stephanie Powley asked whether the agent actually took the time to think before writing the note, and called the person a “true coward” for staying anonymous.
She added that her grandparents have been living in the home for longer than the agent has probably been alive, noting that the rest of the community understands the parking situation and has no problem with it.
Real Estate Agent Irony
I felt this story was noteworthy (no pun intended) for a few different reasons. For one, writing a handwritten, inflammatory note, as opposed to knocking on the door or writing a formal letter, seems very unprofessional.
In fact, it could be seen as on par with someone who parks their car on the front lawn, assuming they don’t have a good reason to do so.
So in that respect, by penning the note the agent was essentially acting in the very same way that they loathe.
Second, it makes you wonder if real estate agents sometimes go too far. I get it; agents have a big job to do. They need to sell prospective buyers on a neighborhood that is often foreign to them.
And when we’re talking about million-dollar homes, it can be embarrassing when you turn the corner and see a car on the front lawn. Or some other eyesore.
But agents should also remember that these neighborhoods belong to the residents, not the agents who often live miles away and are only there for a month or so to sell a property and move on.
Sure, this was just one agent, and not representative of an entire group of people, but perhaps it’s a good lesson for the rest of them. Heck, they could have even earned a referral in the process if they handled it a bit differently!
Nestled within the vibrant cityscape of Columbus, Ohio, a realm of luxury living awaits. From charming historic neighborhoods to modern and contemporary homes, Columbus sets the stage for those seeking the epitome of refined living. Whether you’re ready to buy a home in Columbus or you’re still considering your options – this Redfin article unveils the luxury features that define the city’s housing market. Let’s get started.
1. Butler’s pantry
One hallmark of luxury living in Columbus is the presence of a well-appointed butler’s pantry. A butler’s pantry is a large and practical space located between the kitchen and dining room. This special feature gives homeowners a separate space for preparing and storing meals, away from the main kitchen counter.
Butler’s pantries in luxury homes add sophistication and attention to detail, improving the gourmet experience for residents.
2. Entertainment space
Luxury living in Columbus extends to the realm of entertainment, where dedicated spaces for leisure activities make a significant impact. High-end Columbus homes often feature entertainment areas that go beyond the typical living room setup. Residents can enjoy different activities like pool, board games, video games, and more. These spaces foster an immersive and enjoyable experience, promoting bonding and relaxation within the confines of one’s luxury abode.
3. Theater room
Among the most sought-after luxury features in Columbus homes is the dedicated theater room. These special areas have modern sound and video equipment, giving a real movie theater experience without having to leave home.
Luxury homeowners can relish in private screenings of their favorite films, sporting events, or shows with family and friends. These theater rooms are luxurious and advanced, setting a high standard for home entertainment with comfortable seating and modern technology.
4. Smart house technology
High-tech luxury homes in Columbus have advanced smart house technology that improves daily living in every way. This integration of technology extends throughout the property’s interior and exterior, ensuring a seamless and sophisticated living experience.
Automated lighting systems create ambiance and energy efficiency, while smart climate control optimizes comfort and cost savings. High-tech security systems with remote monitoring give homeowners peace of mind, and voice-controlled devices offer unmatched convenience.
5. Ample parking and storage
In Columbus’ luxury real estate market, having three or more parking spaces, extra storage, and high ceilings is a premium feature. These well-designed garages meet the needs of wealthy homeowners, providing ample room for multiple vehicles, outdoor gear, and belongings.
The spacious parking areas, combined with added storage, ensure homeowners can maintain an organized and tidy living space. Fancy houses in Columbus, Ohio, are unique in the housing market because they combine luxury, usefulness, and advanced technology.
These houses stand out due to their exceptional features and amenities. They offer a blend of opulence, utility, and cutting-edge technology. This combination sets them apart from other properties in the area.
Top neighborhoods with luxury home features in Columbus
In places like Worthington Hills and Bexley, where the typical home sells for around $567,000 and $530,000 respectively as of June 2023, luxury homes equipped with these fantastic top five features are incredibly popular and come with a higher price tag. This is especially noticeable when you compare them to other homes in Columbus, which usually go for about $290,000.”
A final note on luxury home features in Columbus, OH
These top five Columbus luxury home features are redefining modern luxury for homeowners. They are also reshaping the city’s upscale residential landscape, taking living to new heights.
Have you found yourself contemplating flipping a house for the first time? Or you’ve flipped a house in the past, and something went terribly wrong. Now you want to know what other home renovators are and aren’t doing.
Whether you’re searching to flip a house in Ventura, CA, or a home in Las Vegas, NV, this Redfin article offers valuable tips to save time and money. From selecting the best location to choosing a reliable contractor and marketing your property, we’ve got you covered.
1. Do consider the location
Choosing a location is one of the most important factors when you flip a home. For starters, if you plan to actively participate in the renovation process, you’ll want to ensure the commute is close. However, to assemble the right team (contractors, painters, designers, etcetera), you’ll also want to be sure that anyone working on the home can access it readily and isn’t deterred by the distance.
Now, from the perspective of when you go to sell the property, location is equally important. Flipping a home in an area with active demand for your listing can make or break the deal. If you plan to keep the property as a rental, consider both short-term and long-term demand. Would it be best to be located near the city for visitors to access hot commodities quickly? Or is the home a retreat tucked away from the hustle and bustle of the world and instead amongst the quiet wilderness?
Rui Wang, is the VP of marketing for Ark7, an online platform for investing in fractional real estate. She recommends having a rental property near an urban center. This will boost occupancy rates and give easy access to travelers.
2. Do budget accordingly
Numbers are critical when it comes to flipping a house. Spend too much, and you’ll find yourself at a financial loss. On the other hand, spending less may find yourself struggling for occupancy or buyers.
Real estate finance gurus, BiggerPockets, discuss the importance of calculating after-repair value (ARV). What is the property going to be worth after repairs? To determine a property ARV, you must know its current value, the value of the renovations, and perform a comparable market analysis (CMA). A good rule of thumb to help you along the way is the 70% Rule, which states that you shouldn’t pay more than 70% of the ARV minus the repairs needed.
Konstantin Podyachev, CEO of Expo Home Buyers, recommends “setting aside a buffer of around 10-15% for unexpected expenses.” These expenses can arise throughout the renovation process; the last thing you want is to be financially strung out. In the best-case scenario, everything goes according to plan, and the 10-15% stays in your pocket.
3. Do consult with a real estate agent
Even before you purchase a home to renovate, you’ll want to consult a real estate agent. Agents are equipped with a vast knowledge of the area you desire to purchase and can guide you through the process. From learning about recently sold or leased homes comparable to your vision, it’s essential to understand what you’re up against.
Additionally, assembling a team of contractors, designers, appraisers, and inspectors can be challenging. Having a real estate agent as a guiding resource to connect with those individuals can be a step in the right direction.
4. Don’t assume your plan can’t be derailed
Try to assemble a foolproof plan when beginning the process of renovating a home; however, don’t expect it to stay that way. If you plan to reconfigure the layout by demolishing walls or ripping beneath the surface of the floors, you never know what may be discovered.
Termites, asbestos, mold, and other jarring, plan-wrecking things may be found beyond what the eye first sees. Before purchasing a property, perform due diligence and have an inspector review the house. They should look at everything from sewage pipes and water lines to foundation and structural integrity.
Bobbie Wasserman, Founder and CEO of Single Lady Estates, shares to bring in a specialist if concerns arise. “Their insights can provide you with a comprehensive understanding of the current state of the home’s critical (and expensive to repair) systems.”
5. Don’t cut corners, but don’t over rehab
The lowest contractor bid is constantly enticing. However, before deciding, be sure you’re asking to see a portfolio of anyone’s work (maybe even touring a current project). Another helpful tip is to read reviews or connect with someone they’ve worked with before to hear firsthand how well they executed their vision.
Will Rugeley, marketing manager for Good Vibes Homebuyers, shares that in 2020 their team bought a home for $15,000, sold it for $143,000, yet lost $8,500. This happened because they chose a contractor with the lowest bid before vetting them. Based on early estimates, Will and his team were significantly over budget as expenses continued to arise. He now advises “being wary of strangely high or low rehab estimates.”
6. Do consider the design
You’ve considered the location; now it’s time for the fun part, crafting the home’s design. First and foremost, decide if you’re going to design it yourself or if you’re going to hire a professional interior designer.
Designing a home as a short-term rental (such as an Airbnb or VRBO) can be much different than how you’d create one for a long-term rental or to sell. For short-term rentals, Wang suggests molding each room into a “functional oasis, where guests are treated to both essential amenities and supreme comfort.”
When designing a long-term rental or selling property, the saying “less is more” may be helpful. Consider prospective buyers or renters touring your magnificently curated property; you’ll want them to picture their life in the home. That life may mean leaving room for accent walls or taking inspiration from what you’ve already designed and offering a higher price tag for added features.
7. Don’t forget about marketing
After pouring your heart and soul into designing the perfect property, the last thing you want to forget about is marketing. Your real estate agent will be the greatest asset for introducing your home to potential buyers or renters.
The experts at Old Pueblo Stucco share the reminder of creating stunning curb appeal so that there is a “wow” factor at first glance. Hire a photographer or videographer to capture the best angles of everything that makes your home unique. Additionally, be sure you (or your agent) have written an attractive copy that will be front and center within the property description, highlighting all the best features.
Final thoughts on do’s and don’ts for flipping a house:
Flipping a home can seem extraordinarily overwhelming. Remembering integral parts can serve as your guiding light from start to finish. Learn from people along the way, consult experts, and continue diving into online resources available when you need clarification.
Beyond the challenges and the windy road that is “do this” or “don’t do that” lies an incredible experience of what is your piece of art coming to life.
Today’s Fed Minutes were uneventful with a volume spike that didn’t even eclipse those seen after today’s 8:20am CME open or the 9:15am Industrial Production data. That puts them in very forgettable company among potential market movers. Nonetheless, bonds sold off moderately into the afternoon. This has less to do with things that happened today and more to do with the general trend. Inflation is moving into the ensemble cast while growth, issuance, and the yield curve are getting more lines.
Housing Starts
1.452m vs 1.448m f’cast, 1.434m prev
Building Permits
1.442m vs 1.463m f’cast, 1.441m prev
Industrial Production
1.0 vs 0.3 f’cast, -0.5 prev
10:12 AM
Weaker at 8:20am CME open, but stronger now. 10s down 1.6bps at 4.203 and MBS up 3 ticks (0.09).
11:49 AM
Giving up some ground now with MBS down 2 ticks (0.06) and 10yr yields up 1.4bps at 4.233.
01:35 PM
Weakest levels ahead of Fed Minutes. 10yr up 2.9bps at 4.248. MBS down an eighth (.125).
02:17 PM
Slightly weaker after Fed Minutes, but not a huge move. 10yr up 3.5bps at 4.254. MBS down 7 ticks (.22)
04:18 PM
More selling. 10yr up 5bps at 4.268 and MBS down just over a quarter point.
Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.
Retailer has closed all stores after failing to hit revenue targets
Christmas Tree Shops reached a deal to pay more than $1 million to employees who worked during store closures
Aug 16 (Reuters) – A U.S. judge on Wednesday converted Christmas Tree Shops’ bankruptcy to a Chapter 7 liquidation, saying a court-appointed trustee should take over the bargain retail chain’s wind-down and address doubts about unpaid employee wages.
Christmas Tree Shops filed for bankruptcy in May, hoping to keep most of its stores open while addressing its debt. But the company pivoted to a full liquidation in July after its store closing sales failed to meet revenue targets and Christmas Tree Shops defaulted on a $45 million bankruptcy loan.
During a hearing before U.S. Bankruptcy Judge Thomas Horan in Wilmington, Delaware, a lawyer for Christmas Tree Shops, Harold Murphy of Murphy & King, traded barbs with an attorney for bankruptcy lender and store liquidator, Hilco Global.
Murphy said that Hilco’s store-closing sales missed revenue targets by $14 million. Hilco counsel Gregg Galardi of Ropes & Gray countered that the retailer’s management exceeded its loan budget and told employees they would receive bonuses that Hilco never agreed to fund.
“Its clear to me that there’s been a complete breakdown,” Horan said when converting the case.
Horan convinced the two sides to reach a partial deal on employee wages, with Hilco affiliate ReStore Capital agreeing to pay $1.17 million to store-level employees who worked during the company’s going-out-of-business sales.
Hilco had initially argued it should not pay any more than it had budgeted in the bankruptcy loan, saying it did not trust Christmas Tree Shops’ calculation of employee wages. But Horan threatened to withhold fees from bankruptcy lawyers and professionals if any low-level employees went unpaid.
“This case is not going to be run on the backs of employees, that’s just unacceptable,” Horan said.
The agreement does not address wages for employees who worked at Christmas Tree Shops’ headquarters or wage claims filed by 250 workers who were laid off when the company went bankrupt.
A Chapter 7 trustee will address those claims, Horan said, adding “we’re not going to forget about the home-office employees.”
The Middleborough, Massachusetts-based company had 82 stores when it filed for bankruptcy, focused on selling home decor and seasonal decoration products.
The case is Christmas Tree Shops LLC, U.S. Bankruptcy Court for the District of Delaware, No. 23-10576
For Christmas Tree Shops: Harold Murphy of Murphy & King
For Hilco: Gregg Galardi of Ropes & Gray
For the unsecured creditors committee: Matthew Ward of Womble Bond Dickinson
Read more:
Retailer Christmas Tree Shops files for Chapter 11 bankruptcy
Bed Bath & Beyond files for bankruptcy protection, begins liquidation sale
Reporting by Dietrich Knauth
Our Standards: The Thomson Reuters Trust Principles.
Congratulations! You’ve decided to share your expertise with other real estate professionals and become a coach and trainer. You may think that the greatest challenge is to create the content — but that’s just the beginning. In reality, you also need to decide where your content is going to live so that it will be seen by people interested in not only what you have to say, but who also want to learn more.
Chances are, your “GoDaddy” basic website isn’t going to support what you need. The good news is that there are several sites available designed to help — whether it’s hosting your videos or selling your added-value content.
If you just want to build up your consulting and live one-on-one business, you might need all the bells and whistles. You could host it free on a site like OnTrack Agent and create a deep link on your own website to drive traffic. Maybe you want a high-level, high-touch experience with your students instead. Then the monthly payments of an all-in-one hosting platform could make sense. Whatever the case, the amount you charge your students should reflect the value of content, not how much it costs you to host it.
Before you choose, there are several additional issues to consider when making a decision.
Do you have a prospect pipeline, or do you need exposure to agents seeking coaches?
Do you want your own white-labeled site and if so, do you have the advertising budget to drive people there?
Do you want to be included with multiple coaches and trainers to reach a broader audience?
Do you just want to share single videos, or do you have visions of creating courses and other materials such as workbooks and other materials?
Do you want to build a resume of content to book more stage presentations and keynotes?
Can you do everything yourself or do you need production and design support?
Below are three different hosting sites to help you review and assess the one that will best fit your needs.
OnTrack Agent (OTA)
OTA offers a free platform with revenue share (10%). It is free to register as a trainer. OTA enables user video uploads and copyright control, plus it has a marketplace to sell books and products. OTA enables one-on-one coaching sales for upselling and database growth along with a backend store for each user for tracking and sales. It has a network of other trainers who drive traffic to the site for you to benefit. There is complete copyright protection and free advertising for new trainers. However, there is no CRM or course certificates offered
Kajabi
Kajabi costs $149-399 per month, and it is a high-end hosting platform. Users enjoy CRM management and email marketing capabilities. Kajabi is a complete online platform where users create their own platform, website and clickable funnels for user tracking and support. The site offers all-in-one branding and the chance to remove all Kajabi branding from your site. You can track sales, but won’t have the opportunity to advertise as a part of the base cost.
Thinkific
Thinkific costs $99 per month, and it offers the best overall hosting platform service for the cost. Users get CRM management, email marketing capabilities, drip campaign functionality and customizable landing pages. Thinkific offers an online platform with an integrated site designer, back-end tracking, user testing and an easy-to-use drag-and-drop course builder.
The ruling, effective August 1, phases out incandescent bulbs in favor of efficient LEDs.
Fast facts:
Homeowners can still use existing incandescents, but can no longer purchase replacements (with a few exceptions) and should start switching to LEDs.
Switching to efficient light bulbs is estimated to cut US emissions by 222 million metric tons and save consumers around $3 billion over 30 years ($100 every month per home).
Retailers have already been pulling inefficient bulbs off shelves for over a year in preparation, so consumers won’t notice a large shift.
What happened?
In April 2022, the Department of Energy (DOE) passed a new rule requiring all new light bulbs to emit at least 45 lumens per watt(with a few exceptions), essentially phasing out incandescents. The rule went into effect on August 1, 2023, but has been in the works since 2007. The European Union passed a similar law in 2012.
Because most light bulbs other than LEDs (Light Emitting Diodes) don’t meet these standards, this rule bans all inefficient light bulbs, including incandescents. Businesses can no longer sell inefficient bulbs after August 1, and manufacturers haven’t been allowed to produce inefficient bulbs since January 1, 2023.
Consumers likely won’t see a difference in product selection, however; most retailers have been taking inefficient bulbs off of shelves for a year in anticipation of this ruling.
Why did the government ban incandescent light bulbs?
DOE passed this ruling to help reduce the country’s carbon emissions. Importantly, this isn’t an outright ban on incandescent lights, and some specific ones are exempt, such as those in vehicles, appliances, traffic signals, and emergency lighting. However, all other new incandescents (including halogen lights) will become illegal to sell and purchase if they don’t meet the new efficiency standards. Many compact fluorescent lights technically meet the new standards, but will also be outlawed soon.
Joel Worthington, President of Mr. Electric, a Neighborly company, notes that the government is phasing out incandescent light bulbs because they are very inefficient. “They only convert about 10% of the energy they use into light,” he says. “The rest of the energy is wasted as heat.” In addition to being inefficient, incandescent light bulbs also have a relatively short lifespan; most only last about 1,000 hours.
By contrast, LED light bulbs usually last well over 10 years (with a few outliers). They’re also extremely efficient, converting up to 90% of the energy they use into light. This efficiency helps dramatically reduce waste, cut carbon emissions, and lower consumers’ utility bills. ENERGY STAR rated LEDs provide the most efficiency.
Can you still buy incandescent light bulbs?
Starting August 1, 2023, lightbulbs that don’t meet the efficiency requirements are illegal to sell and purchase(except for a few specialty bulbs). This means it will be very difficult to find new incandescent and halogen light bulbs.
You don’t have to destroy your inefficient light bulbs, though. “As your incandescent light bulbs go out, you can replace them with energy-efficient bulbs,” notes Joel Worthington. If you have a backstock at home, you can continue installing and using them until you run out.
What the incandescent ban means for homeowners
Transitioning from incandescents to LEDs is good for everyone. It helps save you money, lower your carbon footprint, and reduce unnecessary waste. In fact, nearly half of US households already primarily use LEDs.
The new ruling doesn’t mean you have to test and get rid of your inefficient light bulbs immediately. “It simply means that when they burn out and when your supply runs out, you will have to find a more efficient replacement, most likely an LED,” says Joel Worthington. And because LEDs last up to 30 times longer than incandescent lighting, you won’t have to replace them nearly as often.
This decision matters most for those with lower incomes, who generally spend a larger percentage of their income on utility bills. Incandescent lights are cheap but inefficient, and are often the only option in budget stores. This leads to higher electric bills.
Luckily, LEDs have been dropping in price for years. And with new rules, they will likely decrease even more. making them more accessible and helping reduce electricity costs for everyone.
How will switching to LEDs affect your home?
If you primarily use incandescent light bulbs, you may be worried about how switching to LEDs will affect your home’s aesthetic. Luckily, Joel has some good news: “The regulation exempts a few specific incandescent bulbs that you may have around your home, such as chandelier bulbs, grow lights (for gardening), and holiday lights,” he says. “Yes, your holiday lighting is safe.”
For the large majority of bulbs, though, you will have to switch to an efficient option when your current bulbs go out, most likely LEDs.
Some people prefer incandescent lighting because of the quality of light it produces. However, LEDs actually offer a much wider range of color temperatures than most other bulbs, and are highly flexible, with dimmable, multicolored, string, or strip options available.
What happens next?
The incandescent light bulb ban is just one step in a larger effort to make lighting even more energy-efficient. The DOE recently proposed significantly higher efficiency standards, pushing the requirement to 120 lumens per watt. This would essentially phase out every option except LEDs, including fluorescents.
The DOE is also considering new efficiency standards for other types of appliances, such as refrigerators, dishwashers, and washing machines. These standards are designed to help consumers save energy and money, and to reduce greenhouse gas emissions.
It’s important to note that the DOE is not the only organization that is working on energy efficiency standards. The US Environmental Protection Agency (EPA) also sets energy efficiency standards for appliances, such as through the ENERGY STAR program. In addition, many states and local governments have their own energy efficiency standards.
The future of energy efficiency standards is uncertain, but it’s clear that the trend is towards more stringent standards.