Home Flippers Face Hurdles in Tight Markets In the second quarter of this year, 5.6 percent of all home sales were flips, according to ATTOM Data Solutions’ Q2 2017 U.S. Home Flipping Report. The report defines a flip as a property that is sold for the second time within a 12-month period. As housing …
Tag: News
Sep 18
Tax Reform Proposals Threaten Homeowners
Tax Reform Proposals Threaten Homeowners REALTORS® took their concerns over tax reform proposals to Capitol Hill on Wednesday, with Iona Harrison, chair of the National Association of REALTORS®’ Federal Taxation Committee, warning the Senate Finance Committee that they limit or nullify the tax incentives for home ownership. Harrison said the proposals would actually raise …
Sep 15
Consumers: Appraisals Still Falling Short
Consumers: Appraisals Still Falling Short Appraisals continue to lag homeowners’ price expectations, according to the latest Quicken Loans’ National Home Price Perception Index, which compares homeowners’ initial estimates and appraiser’s opinions of home values. Appraised values were 1.35 percent lower than homeowners’ expectations in August. That has narrowed from a 1.55 percent difference in July. …
Sep 14
YouTube’s Redesign Will Make Your Videos Look Better
YouTube’s Redesign Will Make Your Videos Look Better Video promotion—specifically on YouTube—is an integral part of many real estate professionals’ marketing, and smartphone videos are a quick, easy way to capture shareable content for your business. But vertical videos can look lost in YouTube’s player, which is formatted for horizontal shots so it ends …
Sep 13
Don’t Let Sellers Get Overconfident
Don’t Let Sellers Get Overconfident A severe inventory shortage may be allowing your clients to believe selling their homes will be quick and easy. That can lead to sellers who believe that they can do less to prep their homes for the market and that buyers will still be willing to pay top dollar. But …
Sep 12
A Sign That More Housing Inventory Is Coming
A Sign That More Housing Inventory Is Coming Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae’s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a …
Sep 11
Zero-Down Mortgage Offered for Doctors
Zero-Down Mortgage Offered for Doctors Medical professionals may be eligible for a mortgage up to $750,000 without a down payment or private mortgage insurance needed. PhysicianLoans, an Ohio-based mortgage lender, says its “Doctor Loan” is available to medical doctors, dentists, and veterinarians. The company lends in 18 states, including Georgia, Michigan, Minnesota, Pennsylvania, Ohio, Texas, …
Sep 08
Myths Sellers Believe About Pricing Their Home
Myths Sellers Believe About Pricing Their Home Many home sellers succumb to myths about home pricing that don’t match the reality of the housing market. Realtor.com® recently highlighted several of those common pricing myths, including: You won’t always make money on the sale of a home. Home sellers shouldn’t always assume they’ll walk away …
Sep 07
Hispanic Home ownership Surges
Hispanic Home ownership Surges Hispanics are increasingly making up what’s considered the typical American home buyer, Curbed.com reports. Latinos are expected to make up 52 percent of new home buyers between 2010 and 2030, largely driven by the country’s 14.6 million Latino millennials. Since 2000, the number of Hispanic households has jumped by 6.7 million, …
Sep 06
Homeowners ‘Stuck’ In Starter Homes
Homeowners ‘Stuck’ In Starter Homes Prior to the housing crisis, many consumers were in the mindset of buying a “starter home” to stay in for five or six years and then move on to a larger space as their family grew. But the idea of the starter home has become a fading memory. Homeowners don’t …
Sep 01
Short Supplies Pummel Home Sales
Short Supplies Pummel Home Sales Contract signing mostly stalled last month as housing shortages across the country continued to hamper home sales, the National Association of REALTORS® reported Thursday. The West was the only major region of the U.S. to see an uptick in pending July home sales. Overall, NAR’s Pending Home Sales Index—a …
Aug 31
Flooded Homes Can Be Fixed
Flooded Homes Can Be Fixed As Hurricane Harvey moves off the coastline of Texas, it’s leaving massive flooding in its wake that has destroyed homes and businesses. Until the floodwaters recede, cleanup efforts are mostly on hold. But remediation companies say they’re ready to jump into action as soon as they’re able. In preparation …
