Real Estate News

Driving the Smart Home Surge

RisMedia Consumer Advice - September 15, 2017 - 11:01pm

More homeowners are adopting automation, according to a recent survey by CEDIA, a trade association, and HomeAdvisor, relying on professionals in a “smart home surge.” Seventy-five percent of the professionals surveyed, in fact, say they have received more smart home inquiries in recent months, and requests for maintenance once per month or more.

“This report shows that when it comes to smart home technologies, homeowners are migrating away from DIY to more of a ‘do it for me’ mindset,” says Dan DiClerico, smart home strategist at HomeAdvisor.

Smart home devices permeate every part of the home, including doors and windows, landscaping and security, the survey shows. Most professionals report including smart home technology in a larger renovation.

Over 1,400 smart home professionals were surveyed for the report.

Source: HomeAdvisor

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Categories: Real Estate News

Tax Reform Proposals Threaten Homeowners

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

NAR testifies on Capitol Hill that current ideas of how to reform the tax code would raise taxes for millions of middle-class homeowners and...

Categories: Real Estate News

REALTORS® Raise $1.8M for Storm Victims

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

The real estate industry has been pouring in donations to go toward supporting people affected by catastrophic flooding from Hurricanes Harvey and...

Categories: Real Estate News

Childless Households Shape Real Estate Trends

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

The fertility rate in the U.S. has dropped to the lowest level on record, and with fewer people having kids, consumers’ housing needs are...

Categories: Real Estate News

Mortgage Rates Maintain Yearly Lows

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

Borrowers still have the opportunity to take advantage of savings. 

Categories: Real Estate News

Industry Lauds Pick for HUD Deputy Secretary

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

Pam Patenaude, who was confirmed by the Senate on Thursday, has a “big task ahead” at a critical point for housing, says NAR President...

Categories: Real Estate News

Realty ONE Group Names New President

NAR Daily Real Estate News - September 14, 2017 - 11:00pm

Vinnie Tracey, former president of RE/MAX International, has been tapped to lead the brokerage as it aims to expand domestically and abroad.

Categories: Real Estate News

Tight Inventories Prompt Overbidding

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

Desperate buyers are offering more than $200,000 and in some cases nearly $800,000 above the list price to get the home they want. 

Categories: Real Estate News

Consumers: Appraisals Still Falling Short

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

You’ll likely need to set your clients straight on what their home is really worth. Appraisals continue to lag homeowners’ price...

Categories: Real Estate News

Survey: Kids Have Big Say in Home Choice

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

Your toughest critics may very well be the children of your clients.

Categories: Real Estate News

How to Advise Clients on Flooring Options

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

These three guidelines will help your clients make smart flooring decisions that can help the marketability of their home when it's time to...

Categories: Real Estate News

Houston’s Market Proves Resilient Post-Harvey

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

Houston’s catastrophic flooding from Hurricane Harvey doesn’t appear to be a deterrent for the area’s housing demand. 

Categories: Real Estate News

Top 10 Best, Worst States for Retirees’ Wallets

NAR Daily Real Estate News - September 13, 2017 - 11:00pm

Which states offer retirees the most bang for their buck?

Categories: Real Estate News

Understanding Energy Costs

RisMedia Consumer Advice - September 13, 2017 - 3:00pm

I was recently contacted by the Consumer Energy Alliance, which provides consumers with unbiased information on U.S. and global energy issues. Its affiliates represent sectors from the energy industry, academia, small businesses, conservation groups to travel-related industries.

The CEA recently released a sweeping study of energy consumption across the country, and analyzed various regions, states, even major municipalities promoting ideas to enhance efficiency and preserve an uninterrupted flow of energy based on expected future population shifts.

To the end consumer, the report paints a fascinating picture of who is paying what for their energy, and why it costs so much, or, in some regions, so little.

According to the CEA study, the average mid-continent family currently enjoys some of the lowest electricity costs in the nation. While these low costs are attributable to the region’s access to natural resources and booming energy production, the report suggests that could end in only a few years unless new infrastructure and pipeline
projects are hastily approved.

This planning is especially important, as some of the nation’s poorest communities like Camden, Ark.; Opelousas, La.; Deming, N.M.; Commerce, Okla.; and San Benito, Texas, dot the mid-continent region. The average household income in these communities is $24,857—55.43 percent less than the national average, the CEA report states.

Even small increases in energy prices could have a devastating effect on families in the mid-continent region where median household incomes are $10,000 to $25,000 less than the national average. In this region, the CEA reported that low-income households pay roughly 22 percent of after-tax income on residential utility bills and gasoline.

While most mid-continent families currently pay, on average, a rate roughly 9 percent lower than the national average of 12.90 cents per kilowatt hour (kWh), it is also home to states like Texas, where the average monthly bill is 17 percent higher than the national average.

In addition, the study found:

  • The bottom 20 percent of earners spend almost 10 percent of their income solely on electricity—more than seven times what the top 20 percent pays.
  • Of those low-income earners that spend 10 percent of their income on power bills, half are African-American families.
  • The average household in the U.S. currently pays 13 cents per KwH using, on average, 901 KwH per month totaling $116 in electricity bills. That represents almost one-fifth (4.78 percent) of the average income of the poorest mid-continent families.

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Categories: Real Estate News

Ex-Husband Charged in Houston Agent’s Murder

NAR Daily Real Estate News - September 12, 2017 - 11:00pm

Police say the body has been found of a Houston real estate agent who had gone missing just hours before Hurricane Harvey struck. 

Categories: Real Estate News

Showings Don’t Stop Even for an Accepted Offer

NAR Daily Real Estate News - September 12, 2017 - 11:00pm

Prepare your sellers for the reality of an accepted offer and what happens next if another buyer becomes interested.  

Categories: Real Estate News

The Commercial Sector Braces for a Slowdown

NAR Daily Real Estate News - September 12, 2017 - 11:00pm

Investors are shifting away from larger markets in favor of smaller ones. 

Categories: Real Estate News

Will Entire Single-Family Rental Communities Become a Thing?

NAR Daily Real Estate News - September 12, 2017 - 11:00pm

A growing number of renters is sparking an entire community of 250 single-family detached homes for lease.

Categories: Real Estate News

Mortgage Applications Surge on Lower Rates

NAR Daily Real Estate News - September 12, 2017 - 11:00pm

Home buyers and homeowners are taking advantage of some of the lowest interest rates in a year. 

Categories: Real Estate News

YouTube’s Redesign Will Make Your Videos Look Better

NAR Daily Real Estate News - September 11, 2017 - 11:00pm

Updates to the 12-year-old platform will soon mean no more black bars on the sides of your vertical smartphone videos. Learn what other features...

Categories: Real Estate News