Real Estate News

Tips for Saving Up for a Down Payment

NAR Daily Real Estate News - September 6, 2017 - 11:00pm

Just giving up your morning latte may save you up to $1,300 per year. NAR offers some simple ways to save for a down payment. 

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How Long It Takes to Build a Home

NAR Daily Real Estate News - September 6, 2017 - 11:00pm

Brace your new-home buyers for a long wait. 

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Reach Out to Prospects Who Have Fallen Silent

NAR Daily Real Estate News - September 6, 2017 - 11:00pm

Looking to drum up more business? Try to warm up one of your cold leads. 

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Third of Agents Have Felt Unsafe on the Job

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Thirty-eight percent of real estate professionals have experienced a situation that made them fear for their safety or the safety of their...

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NAR Urges Congress: Act on Flood Insurance, Fast

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Amid Hurricane Harvey and now a looming threat from Hurricane Irma, the National Association of REALTORS® warns Congress that letting the...

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Buy Homes in Bitcoins

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Bitcoin millionaires are now looking to cashing in their digital currencies in luxury real estate. 

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Hispanic Homeownership Surges

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Latinos are expected to make up more than half of new home buyers over the next 20 years.  

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Study: Use Articles to Educate to Drive Sales

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Consumers who read an educational article from a company are 131 percent more likely to buy from that company instead of a competitor, according...

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Loan Demand Rebounds on Lower Rates

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

Mortgage application volume reversed course in the latest week and pushed higher as refinancers and home buyers took advantage of another drop in...

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Don't Let Spammers Hijack Your Domains

NAR Daily Real Estate News - September 5, 2017 - 11:00pm

If you bought more internet domains than you currently use, consider continuing to pay for all of them. The ones you drop may be grabbed by...

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Climate Change to Trigger Housing Crisis?

NAR Daily Real Estate News - September 4, 2017 - 11:00pm

Coastal flooding, wildfires, and extreme weather events are posing an increasing risk to real estate. 

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Houston Agent Missing After Fleeing Harvey

NAR Daily Real Estate News - September 4, 2017 - 11:00pm

Crystal McDowell told her boyfriend she was fleeing Houston ahead of Hurricane Harvey, but no one has heard from the real estate agent since Aug....

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More Homeowners ‘Stuck’ In Starter Homes

NAR Daily Real Estate News - September 4, 2017 - 11:00pm

The stay-put mindset is leaving fewer homes available for sale and prompting home prices to surge due to the short supplies.

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Homeownership Remains the American Dream

NAR Daily Real Estate News - September 4, 2017 - 11:00pm

Owning a home stays at the top of the list for achieving the American Dream, according to a recent survey.

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How Driverless Cars Will Reshape Housing

NAR Daily Real Estate News - September 4, 2017 - 11:00pm

Self-driving cars are expected to have a big impact on real estate—here’s how.

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Consumer Confidence Keeps Improving

RisMedia Consumer Advice - September 1, 2017 - 11:05pm

Consumer confidence kept improving in August, posting a 122.9 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 104.0, while the Present Situation reading rose to 151.2. July’s reading was 120.0.

“Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board in a statement. “Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high. Consumers’ short-term expectations were relatively flat, though still optimistic, suggesting that they do not anticipate an acceleration in the pace of economic activity in the months ahead.”

The percentage of consumers who believe business conditions are “good,” as defined by the Index, increased from 32.5 percent in July to 34.5 percent in August; the percentage of those who believe business conditions are “bad” decreased from 13.5 percent in July to 13.1 percent in August. The percentage of those who expect business conditions to improve decreased from 22.4 percent in July to 19.6 percent in August; the percentage of those who expect business conditions to worsen decreased from 8.4 percent in July to 7.3 percent in August.

The percentage of consumers who believe jobs are “plentiful” increased from 33.2 percent in July to 35.4 percent in August, according to the Index; the percentage of those who believe jobs are “hard to get” decreased from 18.7 percent in July to 17.3 percent in August. The percentage of those who expect more jobs in the coming months decreased from 18.5 percent in July to 17.1 percent in August; the percentage of those who expect less jobs in the coming months decreased from 13.2 percent in July to 13.0 percent in August.

The percentage of consumers who expect higher incomes increased from 20.0 percent in July to 20.9 percent in August; the percentage of those who expect a decrease increased from 9.5 percent in July to 7.8 percent in August.

Source: The Conference Board

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Categories: Real Estate News

WalletHub: 10 Best Housing Markets

RisMedia Consumer Advice - September 1, 2017 - 11:01pm

What makes for an attractive housing market? Analysts at WalletHub recently identified several indicators of desirability, using a 100-point scoring system in 300 markets to rank the top 10 in the nation:

  1. Frisco, Texas
  2. McKinney, Texas
  3. Allen, Texas
  4. Cary, N.C.
  5. Richardson, Texas
  6. Seattle, Wash.
  7. Bellevue, Wash.
  8. Carrollton, Texas
  9. Nashville, Tenn.
  10. Denver, Colo.

The indicators applied in the ranking included average days on market, median home price appreciation, the share of homes selling for a gain, and the share of underwater homes.

Five of the top 10 markets are in Texas, which also dominates as the state home to four of the top five in the ranking. No. 1 Frisco boasts the second-lowest home maintenance costs of the 300 markets evaluated, while No. 3 Allen has the third-lowest and No. 4 Cary has the fourth-lowest. No. 6 Seattle is tied for first for the lowest average days on market, while No. 7 Bellevue has the fourth-lowest foreclosure rate.

View the complete ranking and methodology.

Source: WalletHub

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Categories: Real Estate News

Research: Gardening Knows No Borders

RisMedia Consumer Advice - September 1, 2017 - 11:00pm

Homeowners the world over get down and dirty in the garden, according to recently released findings by market researcher GfK, with outdoor grooming most common Down Under. Forty-five percent of Australians spend time in the garden daily or weekly—the most of the 17 countries surveyed. Gardening is also popular in China, Mexico, the U.S. and Germany, where one-third or more of those surveyed get out in the yard daily or weekly.

Green-thumbing is a chore in some countries, however, especially in Argentina, Japan, Russia, Spain and South Korea, where most of those surveyed do not garden at all.

Twenty-four percent of survey respondents across all the countries surveyed garden at least once per week, while 7 percent garden “every day” or “most days.” Thirty-six percent of those aged 60 or older garden daily or weekly—on par with the 35 percent of those in their 30s who do the same.

Unsurprisingly, homeowners are twice as likely to garden daily or weekly than renters.

Source: GfK

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Categories: Real Estate News

14 Times Pop Culture Predicted Future Technology

RisMedia Consumer Advice - August 31, 2017 - 3:17pm

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

When the film-makers of yesteryear contemplated the future, it didn’t look like a very happy place—and not much has changed. You don’t need to look much further than the dystopian dramas that Hollywood is so fond of producing. But while sci-fi movies rarely predicted the nature of society, they did happen to predict a few items of futuristic technology. Did you know that 3D printing, the Roomba and Siri were all predicted by movies and television shows decades before they existed?

So the next time you scoff at a Hollywood blockbuster for being too far-fetched, take a minute to ask yourself if your grandfather would have believed that he would see a flying car in his lifetime. In the meantime, check out this visual guide which explores the 14 times pop culture accurately predicted the future!

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Categories: Real Estate News

The REALTORS® Among Harvey’s Heroes

NAR Daily Real Estate News - August 30, 2017 - 11:00pm

Meet the real estate professionals who have sprung into action—and, in some cases, risked their own lives—to help rescue flood victims...

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