Real Estate News

Where Salaries Go the Farthest

NAR Daily Real Estate News - August 28, 2017 - 11:00pm

Salaries can stretch further on housing and other costs if you live in one of these cities.

Categories: Real Estate News

More Owners Are Using Their Equity Again

NAR Daily Real Estate News - August 28, 2017 - 11:00pm

Home prices continue to rise and more homeowners are tapping into their home equity, making home-equity lines of credit and cash-out mortgage...

Categories: Real Estate News

Most Important Features Millennials Want in Their Homes

RisMedia Consumer Advice - August 28, 2017 - 3:10pm

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

There have been a lot of studies, think pieces and discussions trying to figure out millennials. Business owners were skeptical about hiring millennials a few years ago and now, as this younger generation continues to grow and succeed in life, the housing market seems to be the next millennial-facing industry.

There’s no doubt that millennials have finally entered the housing market. In fact, they currently make up 35 percent of buyers throughout the United States. Approximately 68 percent of all first-time home buyers fall into this age bracket, as well. But what do they want inside their homes?

Let’s take a look and see what millennials are looking for when it comes to buying a home.

Separate Laundry Rooms – Say what you will about millennials and their laundry habits, the majority of millennial homebuyers are searching for homes with an additional room just for laundry. Roughly 92 percent of homebuyers want a separate laundry room, coming in as the No. 1 thing millennials are looking for.

Outdoor Lighting – The second most desired feature for millennial homebuyers is exterior lighting. Roughly 90 percent of all people searching for a home in the current market want exterior lighting to illuminate their landscape.

Energy-Efficient Appliances – Another aspect of home-buying that cracks the top 10 for millennials is having energy-efficient appliances inside the home. (In fact, across every generation of homebuyers, 90 percent of people are looking for this feature.)

Hardwood Floors – Millennial homebuyers also prefer hardwood floors for their homes. Rather than choosing carpeting, approximately 82 percent of homebuyers are searching for properties with open hardwood floor plans.

There are still plenty of millennials who aren’t ready to buy a home just yet—but it looks like these are the kinds of features they will be looking for when they are ready to enter the housing market.

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

The post Most Important Features Millennials Want in Their Homes appeared first on RISMedia.

Categories: Real Estate News

What to Buy (and Not Buy) in September

RisMedia Consumer Advice - August 28, 2017 - 3:07pm

The perfect storm of Labor Day, back-to-school and end-of-summer clearance sales make September ideal for bargain-hunters. From consumer watchdog DealNews.com, here’s the scoop on what’s best to buy in September—and what purchases to put on the back burner:

Summer Apparel – No surprise here—retailers ranging from big-box outlets to designers blow out summer styles in September. Pro tip: Buy for your family now and stow it for next year.

Grills/Patio Furniture – Like summer apparel, leftover grill and patio furniture inventory goes on sale in September. Look for items stacked at the front of hardware and home stores for the best bargains.

Big-Screen TVs – The best big-screen buys in September are on mid-size models (the perfect size for apartments or dorm rooms), but larger sizes are often marked down, as well.

Mattresses – Historically, the best times to purchase a new mattress were in April or May—but Labor Day sales are becoming another contender. Pro tip: Double-down on a deal by using coupons on top of sale prices.

Laptops – Seventy-five percent of laptops are discounted considerably for back-to-school season. Big-box electronics providers are your best bet for the best deals.
 
Previous Generation iPhones
 – There are appreciable savings to be had on older iPhones in September, when the new model typically rolls out. Rock-bottom bargains on these devices can be found on online auction sites, like eBay.

Textbooks – Both buyers and sellers of textbooks can expect deals in September, when need is highest.

DealNews.com advises shoppers to hold off on buying washers, dryers and other large appliances, as well as some electronics, in September. While the month brings decent sales on these items, Black Friday sales in November have historically yielded better savings.

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

The post What to Buy (and Not Buy) in September appeared first on RISMedia.

Categories: Real Estate News

REALTORS® Promise to Send Help to Texas

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

The REALTOR® Relief Foundation is asking NAR members to donate funds to support victims of Hurricane Harvey. Here’s how to make a...

Categories: Real Estate News

Simple Home Fixes to Attract Buyers

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

Here are three tips to pass on to clients looking to make quick, effective updates before listing their home.

Categories: Real Estate News

Harvey Sparks Flood Insurance Disaster

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

The majority of the thousands of Texas homes submerged in floodwaters after Hurricane Harvey slammed the coastline over the weekend do not have...

Categories: Real Estate News

3 Remodeling Mistakes That Hurt Resale Values

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

“Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” says...

Categories: Real Estate News

Suspicious Buyer Puts Mass. Agents on Edge

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

Two local associations have issued safety alerts to members after reports of a man displaying odd behavior during open houses and showings.

Categories: Real Estate News

Each Generation’s Favorite Renovation Projects

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

The average homeowner is spending more money on a greater number of home improvement projects. But who’s doing what?

Categories: Real Estate News

Fannie Loosens ARM Down Payment Rules

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

Borrowers may now have an easier time qualifying for an adjustable-rate mortgage.

Categories: Real Estate News

Coldwell Banker Eyes 2nd National Pet Adoption Event

NAR Daily Real Estate News - August 27, 2017 - 11:00pm

During its annual event last year, the real estate franchising giant and its partner, AdoptAPet.com, helped 20,000 dogs find homes in one weekend...

Categories: Real Estate News