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Real Estate

Where Buyers Stand to Save the Most in Mortgage Costs

NAR Daily News - October 18, 2018 - 1:00am

It’s worth it to shop around for a mortgage, and some places pay off more than others.

Categories: Real Estate

Calif. Firms Respond to Call for More Women in Leadership

NAR Daily News - October 18, 2018 - 1:00am

The commercial real estate industry is mostly dominated by males, but a new mandate in the Golden State hopes to spark change. 

Categories: Real Estate

Homebuilding Struggles to Break Out of Funk

NAR Daily News - October 18, 2018 - 1:00am

The housing market may be in search of much-needed inventory, but it’s not likely to come from new-home construction.

Categories: Real Estate

Could Your Sellers Use a Staging Concierge?

NAR Daily News - October 18, 2018 - 1:00am

Getting a home ready to sell can be a pain. To ease this load for homeowners, some brokerages are offering competing programs that help get a listing ready.

Categories: Real Estate

On the Watch List: 10 Housing Markets Poised for Appreciation

NAR Daily News - October 17, 2018 - 1:00am

Find out where homeowners likely will see the biggest increases in equity over the next 12 months.

Categories: Real Estate

Coliving Craze? Developers Think So

NAR Daily News - October 17, 2018 - 1:00am

Developers are betting big that more consumers want to live in a coliving space.

Categories: Real Estate

How to Create a Welcoming Entryway

NAR Daily News - October 17, 2018 - 1:00am

Don’t discount this prime spot in your staging. “Entryways set a tone for the rest of the house,” says one interior designer.

Categories: Real Estate

Discover the Home’s Past the Seller Won’t Tell You

NAR Daily News - October 17, 2018 - 1:00am

Some states don’t require sellers to disclose property stigmas, such as violent crime that occurred on the premises or paranormal activity. Here’s how you can help buyers uncover the truth.

Categories: Real Estate

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

NAR Daily News - October 16, 2018 - 1:00am

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.

Categories: Real Estate

Warning Signs That Your Client Is Getting Cold Feet

NAR Daily News - October 16, 2018 - 1:00am

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

Categories: Real Estate

Stacking Up Yard Sizes by State

NAR Daily News - October 16, 2018 - 1:00am

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

Categories: Real Estate

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

NAR Daily News - October 15, 2018 - 1:00am

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.

Categories: Real Estate

Is Using Equity to Delay Social Security a Good Strategy?

NAR Daily News - October 15, 2018 - 1:00am

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.

Categories: Real Estate

High Debt-to-Income Ratios Prompt More Mortgage Denials

NAR Daily News - October 15, 2018 - 1:00am

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

Categories: Real Estate

Zero-Down Loan Program Aims to Expand Mortgage Access

NAR Daily News - October 15, 2018 - 1:00am

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

Categories: Real Estate

10 Hottest ZIP Codes in the Nation Right Now

NAR Daily News - October 15, 2018 - 1:00am

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

Categories: Real Estate

Agents Turn to Spider-Man to Save Their Listings

NAR Daily News - October 15, 2018 - 1:00am

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

Categories: Real Estate

Move? No Thanks, Homeowners Say

RisMedia Consumer News - October 14, 2018 - 1:02pm

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 sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

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

Categories: Real Estate

Renters’ Top Priority? Finding an Affordable Property

NAR Daily News - October 12, 2018 - 1:00am

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

Categories: Real Estate

HUD Awards $47M in Housing Counseling Grants

NAR Daily News - October 12, 2018 - 1:00am

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

Categories: Real Estate