Real Estate

Study: ‘Green’ Homes Sell for More, Depending on the Agent

Nar Daily News Magazine - Tue, 2018-10-16 01:00

For sellers giving their homes environmentally friendly upgrades, recent studies show the owners' profit at resale may also rely on their chosen real estate professional.

Warning Signs That Your Client Is Getting Cold Feet

Nar Daily News Magazine - Tue, 2018-10-16 01:00

As a real estate professional, how can you tell if your buyer or seller is about to bail on a deal?

Stacking Up Yard Sizes by State

Nar Daily News Magazine - Tue, 2018-10-16 01:00

The average residential lawn in America is about a quarter of an acre, but the number can vary greatly depending on where you live.

America’s 5 Most Historic Cities ‘May Hold Value Better’

Nar Daily News Magazine - Mon, 2018-10-15 01:00

Some home buyers may be drawn to the cachet of owning a property with a rich historical past, but there are more benefits than status.

Is Using Equity to Delay Social Security a Good Strategy?

Nar Daily News Magazine - Mon, 2018-10-15 01:00

Some older homeowners are taking out reverse mortgages to fund their daily living expenses while shoring up more financial benefits from the government. But the ramifications of this are unclear.

High Debt-to-Income Ratios Prompt More Mortgage Denials

Nar Daily News Magazine - Mon, 2018-10-15 01:00

Lenders turned away nearly one in 10 mortgage applicants in 2017, according to real estate data firm CoreLogic.

Zero-Down Loan Program Aims to Expand Mortgage Access

Nar Daily News Magazine - Mon, 2018-10-15 01:00

A new effort is underway to remove barriers to financing and raise the low rate of homeownership among underserved groups of home buyers.

10 Hottest ZIP Codes in the Nation Right Now

Nar Daily News Magazine - Mon, 2018-10-15 01:00

High-income millennials are a driving force behind many of the most active markets, according to realtor.com®.

Agents Turn to Spider-Man to Save Their Listings

Nar Daily News Magazine - Mon, 2018-10-15 01:00

Real estate team dresses up as superhero, unicorns in an effort to attract potential buyers to homes lingering on the market.

Move? No Thanks, Homeowners Say

Daily Real Estate News - Sun, 2018-10-14 13:02

Are you happy in your home, or are you looking to move?

If your answer to the first question is yes, you’re in the company of 83 percent of homeowners, according to Zillow’s annual report on Consumer Housing Trends. In fact, 63 percent have no intention of moving, either because they’re content with their current home, or deterred by the inconvenience it’d be to pack up and relocate.

Americans in general would rather renovate than sell, according to another related report by Zillow. More than three-quarters (76 percent) prefer to spend on upgrades, instead of a down payment on a new place—a catch-22, because when homeowners don’t list, inventory suffers.

“Even in a seller’s market, simultaneously buying and selling is an exercise in frustration,” says Skylar Olsen, director of Economic Research and Outreach at Zillow. “Add to that the emotional history between you and your home, and it’s no wonder low inventory has been in a self-fulfilling cycle. Homeowners may hesitate to sell because of limited options for them as buyers, but by holding on to their homes, they are themselves contributing to low inventory.”

Americans are discouraged, as well, by growing mortgage rates, which is affecting affordability—why choose a higher rate, when you can hang on to a lower one? According to Freddie Mac, mortgage rates are rising toward 5 percent.

There has been a more than three-year downtrend in housing inventory, Zillow data show.

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at [email protected]. For the latest real estate news and trends, bookmark RISMedia.com.

The post Move? No Thanks, Homeowners Say appeared first on RISMedia.

Renters’ Top Priority? Finding an Affordable Property

Nar Daily News Magazine - Fri, 2018-10-12 01:00

Rent-seeking tenants’ top priorities include price and location—two factors that they say are also the least negotiable, according to a new survey.

HUD Awards $47M in Housing Counseling Grants

Nar Daily News Magazine - Fri, 2018-10-12 01:00

The department has earmarked $47 million for housing counseling grants to help about 1 million households find housing or avoid foreclosure.

Google Plus Is Shutting Down: What You Should Do

Nar Daily News Magazine - Fri, 2018-10-12 01:00

About 20 percent of real estate professionals say they use the platform in their business. Here’s what to do about Google’s announcement this week.

Mortgage Rates Jump to 7-Year High

Nar Daily News Magazine - Fri, 2018-10-12 01:00

The 30-year fixed-rate mortgage rate inches closer to the 5 percent threshold.

Are Investors ‘Short-Sighted’ About Climate Risk?

Nar Daily News Magazine - Fri, 2018-10-12 01:00

Consumers are flocking to some of the most disaster-prone areas of the country, and investors are following the demand. Is that a wise investment strategy?

Legal Uncertainty Keeps Association Health Plans on Hold

Nar Daily News Magazine - Thu, 2018-10-11 01:00

Four months after getting a boost of support, NAR and other trade associations across the country are still facing several hurdles in the push for a nationwide association health plan.

Midsized Markets Poised for Investment Boom in 2019

Nar Daily News Magazine - Thu, 2018-10-11 01:00

Underdeveloped and underserved areas of the country may soon see more opportunities to attract diverse workers and spark demand for housing, according to the Urban Land Institute’s 2019 Emerging Trends report.

Foreclosures Sink to 13-Year Low

Nar Daily News Magazine - Thu, 2018-10-11 01:00

More foreclosed homes are disappearing from community listings, but there are a few pockets where you can still find them.

Millennials: Homebuying, Retiring Prioritized Over Marriage

Nar Daily News Magazine - Thu, 2018-10-11 01:00

The younger generation of buyers say owning a home is a milestone that defines their success, according to Bank of America’s Homebuyer Insights Report.

Hurricane Michael: ‘Worst Storm Ever to Hit Florida Panhandle’

Nar Daily News Magazine - Thu, 2018-10-11 01:00

“We’re Floridians—we know that disasters can happen at any time,” says the Florida REALTORS® president. But will the state be ready for 200 miles of destruction?