Real Estate News

7 Secondary Markets That Are Breaking Out

NAR Daily Real Estate News - May 7, 2018 - 12:00am

Where are the next urban powerhouses? Realtor.com® researchers have pinpointed the likely contenders. 

Categories: Real Estate News

Volcanic Eruptions Threaten More Homes in Hawaii

NAR Daily Real Estate News - May 7, 2018 - 12:00am

About 1,700 homeowners on Hawaii’s Big Island already have been forced to evacuate as lava flow from the Kilauea volcano inched closer to...

Categories: Real Estate News

FHA Borrowers Get Help Funding Solar Panels

NAR Daily Real Estate News - May 7, 2018 - 12:00am

A growing number of lenders are helping home buyers pay the upfront costs of solar panels, including one that allows mortgage applicants to wrap...

Categories: Real Estate News

Where Underwater Homes Remain Problematic

NAR Daily Real Estate News - May 7, 2018 - 12:00am

View a heat map to see the percentage of seriously underwater properties in your market. 

Categories: Real Estate News

Firms Change Tactics When Moving Workers

NAR Daily Real Estate News - May 4, 2018 - 12:00am

Smaller companies are opting for lump sum packages when relocating employees long distances, and corporations of all sizes are allocating roughly...

Categories: Real Estate News

How to Prevent a Low Appraisal

NAR Daily Real Estate News - May 4, 2018 - 12:00am

Many buyers are offering more than the asking price on properties undergoing bidding wars, but when the appraisal reveals the true market value of...

Categories: Real Estate News

‘White-Boxing’ Turns Luxury Homes Into Raw Space

NAR Daily Real Estate News - May 4, 2018 - 12:00am

Homeowners in high-end markets are stripping out their property’s finishes and amenities, offering buyers a blank canvas to visualize their...

Categories: Real Estate News

After April Hikes, Mortgage Rates Slide in May

NAR Daily Real Estate News - May 4, 2018 - 12:00am

In the first week of the month, the 30-year fixed-rate mortgage dropped three basis points to average 4.55 percent.

Categories: Real Estate News

Freddie Incentivizes Landlords to Keep Units Affordable

NAR Daily Real Estate News - May 4, 2018 - 12:00am

The mortgage financing giant has announced it will offer low-cost loans to multifamily property owners who keep their buildings affordable to...

Categories: Real Estate News

Twitter Urges Users to Change Passwords Now

NAR Daily Real Estate News - May 4, 2018 - 12:00am

The company is warning its 336 million users of a glitch in the system that stores their passwords.

Categories: Real Estate News

20 Desirable Neighborhoods: Popular, but Not Sought-After

RisMedia Consumer Advice - May 3, 2018 - 4:07pm

Homebuyers often idealize their wants on their wish list—and, for many, location is at the top.

The aspiration for a certain location, however, may be just that: an aspiration, according to a new report by Zillow that identifies what areas buyers are interested in the most:

20 Desirable Neighborhoods, Ranked

Led by L.A.’s The Oaks, Atlanta’s Tuxedo Park and San Francisco’s Presidio Heights, the majority of neighborhoods ranked by Zillow are enclaves with high price tags, suggesting that although buyers have a demonstrated interest in them, it is more out of curiosity or desire than an intent to purchase. Zillow based its list on the neighborhood’s number of pageviews during the first three months of 2018.

“Real estate shoppers are usually very aspirational, so it’s no surprise we have a lot of shoppers looking outside of where they can likely afford and instead, looking at beautiful homes in desirable areas,” says Aaron Terrazas, senior economist at Zillow. “We see these more posh neighborhoods drawing shoppers in, but ultimately, these probably aren’t the neighborhoods most will end up in—the typical price of entry in the majority of neighborhoods on this list is generally much higher than their city as a whole.”

Homes in Malibu’s Point Dume—No. 7 in pageviews—are the steepest: a median $5,995,000, according to the report. Bel Air (No. 4) follows at a median $5,385,000. Homes in Crestwood, in Yonkers, N.Y. (No. 17), are at a median $559,735—the most affordable, relatively, of the top 20. Six of the top 20 are in the San Francisco metro, five are in the Los Angeles-Long Beach-Anaheim metro, and three are in the Atlanta metro—the majority, markedly, are on the West Coast.

“It’s hard to blame these buyers, because, really, who hasn’t dreamed big when home shopping?” Terrazas says. “Oohing and ahhing over beautiful homes has become one of America’s favorite pastimes.”

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 20 Desirable Neighborhoods: Popular, but Not Sought-After appeared first on RISMedia.

Categories: Real Estate News

The Shortcomings of Preapprovals

NAR Daily Real Estate News - May 3, 2018 - 12:00am

Many real estate professionals request that buyers obtain a mortgage preapproval letter from their lender before going out on home showings....

Categories: Real Estate News

Congressmen: ‘I Can’t Afford an Apartment’

NAR Daily Real Estate News - May 3, 2018 - 12:00am

Some lawmakers in the nation’s capital are sleeping in their offices because of the steep cost of living.

Categories: Real Estate News

Must-Do May Checklist for Homeowners

NAR Daily Real Estate News - May 3, 2018 - 12:00am

This month marks a good time for your clients to conduct a home checkup. Here’s what they should be looking for.

Categories: Real Estate News

Fed Decides to Leave Rates Alone—For Now

NAR Daily Real Estate News - May 3, 2018 - 12:00am

The Federal Reserve says it expects to continue gradually raising interest rates later in the year, but they will likely remain at historically...

Categories: Real Estate News

T-Mobile, Sprint Merger: Commercial Impact?

NAR Daily Real Estate News - May 3, 2018 - 12:00am

If approved, the deal between the two wireless companies could reshuffle thousands of square footage in the retail property space.

Categories: Real Estate News

Top Places to Achieve the American Dream

NAR Daily Real Estate News - May 3, 2018 - 12:00am

For many people, living out their life aspirations requires being located in a place of economic opportunity and diverse communities.

Categories: Real Estate News

Equity-Rich Properties Hit Tipping Point

NAR Daily Real Estate News - May 3, 2018 - 12:00am

The number of homes in the black is down from peak levels in 2017. Why has it dropped when home prices are on the rise?

Categories: Real Estate News

Kitchens Dethroned as Top Remodeling Project

NAR Daily Real Estate News - May 2, 2018 - 12:00am

Bathrooms have overtaken kitchens as the most popular remodeling project, according to a new survey by the National Association of Home Builders...

Categories: Real Estate News

N.C.: Agents Play Role in Stopping Opioid Crisis

NAR Daily Real Estate News - May 2, 2018 - 12:00am

North Carolina brokers and real estate professionals were called upon by the state’s law enforcement to help battle a growing opioid...

Categories: Real Estate News