Report: Homes Listed in July Sold in Less Than Four Weeks
Homes listed in late June and early July were likely sold before August, according to a recent report from the National Association of Realtors. The NAT reported that properties typically remained on...
View ArticleHomebuyers’ Behavior Shifts as ‘Stressors’ Disturb the Buying Process
A decade ago, homebuyers tended to pick out their dream home and then look into financing. But these days, the buying process has significantly changed. The vast majority of buyers have flipped that...
View Article‘First Wave’ of Hurricane Florence Damage Could Cost $5 Billion
Hurricane Florence just began dumping water on the Carolinas when CoreLogic released data indicating the staggering value of possible property damage in the affected regions. The first wave alone could...
View ArticleNew Data Reveals Region with Oldest Owner-Occupied Homes
Most owner-occupied homes are less than four decades old, even if the owners themselves are older. But in certain areas in the Northeast, median owner-occupied ages are much higher than other U.S....
View ArticleBucking Concerns, Construction Expert Says Marriage Delays Will Help Housing...
As more Americans delay marriage, housing analysts are concerned that delays in matrimony might postpone homeownership, thereby hurting the new-construction sector. Women are now on average waiting...
View Article5 Hottest ZIP Codes for Millennial Living
Millennials remain the largest single home-buying population in the country, and rising home prices are not removing their determination to live – be it by purchase or rent – in urban areas. According...
View ArticleThink Realty announces 2018 Think Realty Honors winners
Think Realty announces its 2018 Think Realty Honors winners. The winners are peer-nominated investors who excel within their industry niche. This year, over two hundred unique nominations were...
View ArticleAgents Credit Social Media for Highest Number of Quality Leads
Real estate agents are reporting their best leads come from social media. In fact, they cited leads from social media as being better quality and coming in higher volumes than other leads. Other leads...
View ArticleIncreased Listings May Stabilize the Market Sooner Than Expected
As media headlines speculate about the possibility of a housing market correction in the next 24 months, buyers and sellers are adjusting their perspectives. Existing home sales are down slightly over...
View ArticleHomeowners Own $6 Trillion in Tappable Equity
Headlines are full of warnings about the housing market cooling, but homeowners are not necessarily heading for a world of pain this market correction. According to Black Knight, U.S. homeowners with...
View ArticleHurricane Florence Highlights Homeowners Without Flood Insurance
Hurricane Florence is estimated to have caused between $38 billion and $50 billion in total economic losses. Flood insurance is not part of a standard homeowner’s insurance policy, although many people...
View ArticleTwo Most Common Exterior Materials for New Homes
New homes in the United States most commonly use vinyl and stucco siding on their exteriors. According to the Census Bureau’s Survey of Construction, 27 percent of new homes in 2017 had vinyl siding,...
View ArticleFewer Home Sales Closed in August
It’s been eight months in which pending home sales volumes have fallen, reports the National Association of Realtors (NAR). This may be a sign more buyers are being priced out of the market, NAR...
View ArticleMortgage Rates Hit 7-Year High
Last week, the Federal Reserve announced it would raise its benchmark interest rate by a quarter point. In response, the 30-year fixed mortgage rate jumped to 4.72 percent, the highest since 2011. This...
View ArticleNew York City may be Entering a Buyer’s Market
When people think of New York City real estate, they think of prices that start astronomically and head northward indefinitely. However, a new report from Warburg Realty indicates the NYC housing...
View ArticleIn the Multifamily Sector, Recession Could be Further Out than Many Think
While many analysts say they believe the U.S. economy will experience the beginnings of a recession sometime before the end of 2020, the jury is certainly still out. Panelists at the IMN Multifamily...
View ArticleEconomists Recommend Caution When Raising Rent
Rental rates have steadily risen for several years. And thanks to low rental vacancies on a national level, they are likely to continue doing so. However, some economists warn that raising rates too...
View ArticleChicago is the Only Major Metro Still Rated as Undervalued
In a recent survey of 20 financial centers conducted by UBS, Chicago, Ill. is still an undervalued housing territory. Of the remaining cities on the list, 16 are considered either overvalued or at risk...
View ArticleSmart Technology Will be Soon be a Multifamily Necessity
Conventional wisdom largely restricts the topic of smart home devices to new construction and class A multifamily developments. But experts in the sector say residents at every income level are willing...
View ArticleFuture-Proof Important for the Future of Apartments
You’ve heard of baby-proofing, but did you know that there is also such a thing as future-proof? The concept does not necessarily involve protecting your investment properties from the future, but it...
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