Homes with haunted pasts lead to eerie home values
As American’s third favorite holiday, behind only Christmas and Thanksgiving, people across the country are fascinated with the spooks, thrills and sweets the day brings. In fact, according to a poll from the Pew Research Center, nearly 30 percent of Americans report they have been in touch with someone who was dead and 18 percent say they’ve seen a ghost. Many of these supernatural encounters occur right in the home.
Research suggests that a home with a haunted reputation can lead a drop in home values up to 20 percent in some cases. The idea of buying a home with a undead resident dwelling inside concerns people so much that some states like California and New York require homeowners to disclose such hauntings when selling.
Despite these frightful notions, more Americans remain more fearful about a leaky roof than a paranormal home dweller. Meanwhile, mortgage rates remain bloodcurdlingly low with conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.5 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.
Research suggests that a home with a haunted reputation can lead a drop in home values up to 20 percent in some cases. The idea of buying a home with a undead resident dwelling inside concerns people so much that some states like California and New York require homeowners to disclose such hauntings when selling.
Despite these frightful notions, more Americans remain more fearful about a leaky roof than a paranormal home dweller. Meanwhile, mortgage rates remain bloodcurdlingly low with conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.5 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.