Jul 31
Home ownership Rate Rebounds from 50-Year Low The U.S. home ownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing. The ownership rate posted an increase in the second quarter, reversing a sharp downward trend that begun in the Great Recession. The home ownership rate was 63.7 …
Jul 21
Poverty Rates Rising in Suburbs Poverty is increasingly striking the nation’s suburbs and exurbs (farther out suburbs on the edges of metros). High-poverty neighborhoods have risen 76 percent in the suburbs and 123 percent in the exurbs from 2000 to 2015, according to an analysis from Apartment List, which culled data from a recent report out of …
Jul 20
Builders Warming Up to Smaller Homes Competition is heating up among millennials and baby boomers for smaller, more affordable homes. But builders have been slow to meet demand. That may be showing signs of changing. Home sizes are beginning to shrink, which may also, in turn, help prices edge down some too. “We are starting …
Jul 19
Mortgage Tips for Newbie Buyers The more your home buyers know about mortgages, the better prepared they’ll be. The Motley Fool recently featured a range of mortgage tips to help educate first-time buyers, including: Know their credit score. The credit score can be a big key to knowing how much buyers can afford and how much interest …
Jul 18
Expensive Items New Homeowners Buy Furniture, appliances, and remodeling projects are among the biggest expenses for new homeowners, who spend an average of $10,600 in the first year of home ownership, according to a recent analysis by the National Association of Home Builders. New owners spend an average of $3,778 on furnishings alone, …
Jul 17
Is Amazon Getting Into Real Estate? Online shoppers may have been too busy sorting through the deals on Amazon Prime Day this week to notice a “Hire a REALTOR®” page launched within the site. The web page was tucked within Amazon’s Home and Business Services section, where visitors can receive quotes from professionals on services …
Jul 14
Faulty Solar Installs Cause Leaky Roofs Rooftop solar power installations are booming, says Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association. The panels may have a more affordable price tag than in previous years, but the installations are coming with another price: leaky roofs. The Solar Energy Industries Association says …
Jul 13
Common Home Buyer Slip-Ups Real estate professionals see a lot of dumb reasons why home buyers ultimately end up losing out on a deal. Practitioners recently shared some of the more common mistakes with realtor.com®, including ways to correct the situation: 1. Shopping outside their price range. “It sounds obvious, but some home buyers …
Jul 12
Ways to Make Counteroffers Easier No matter if your client is buying or selling, counteroffers can pose sticky negotiations from both sides. Here are three tips for successfully responding to counteroffers from Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla. 1. Ask for something in return. Sellers and buyers alike should remember that …
Jul 11
Home Buyers Shouldn’t Overlook After moving in, buyers will discover a lot about their new home—but they may wish they had paid closer attention to some items before signing the sale contract. Help your clients avoid regrets by guiding them to assess a property carefully before purchasing it. Realtor.com® advises giving particular consideration to …
Jul 10
True Impact of Home Staging Sixty-two percent of listing agents say professional staging decreases the amount of time a home spends on the market, while 40 percent of buyer’s agents say their clients are more willing to walk through a home that has been staged, according to the National Association of REALTORS®’ 2017 Profile of …
Jul 07
Renovations That Cause Neighborhood Feuds Homeowners doing renovations can develop feuds with their neighbors if they’re not cognizant of how work on the project affects the rest of the neighborhood. After all, one homeowner’s upgrade could be another’s downgrade. Realtor.com® recently ticked off common home improvement spats. Additions that block views. Large additions that block …
