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Report: Homes Hit Least Affordable Level in 10 Years

NAR Daily Real Estate News - October 5, 2018 - 1:00am

Most of the counties analyzed had homes that were pricier than the long-term affordability averages for the county.

Categories: Real Estate News

IRS: Business Meals Are Still Deductible

NAR Daily Real Estate News - October 4, 2018 - 1:00am

The tax reform law ended deductions for business-related entertainment, amusement, or recreation but created uncertainty about associated food and beverage expenses.

Categories: Real Estate News

Could Robots Fill Labor Gaps in Construction?

NAR Daily Real Estate News - October 4, 2018 - 1:00am

Researchers are testing humanoid bots to see if they could help homebuilders stay on track with new-home projects.

Categories: Real Estate News

Real Estate Market Prepares for Burst of New Listings

NAR Daily Real Estate News - October 4, 2018 - 1:00am

The inventory crisis reaches a “crucial inflection point,” signaling the possible end of years-long housing shortages, according to realtor.com®.

Categories: Real Estate News

5 Myths That Keep Buyers on the Sidelines

NAR Daily Real Estate News - October 4, 2018 - 1:00am

Your clients may have these misconceptions about purchasing a home, which could cause them to miss out on the right property.

Categories: Real Estate News

Women, Millennials Most Likely to Face This Delay Into Homeownership

NAR Daily Real Estate News - October 3, 2018 - 1:00am

They show a high willingness to buy, but this debt is proving to be a big obstacle in their home purchase.

Categories: Real Estate News

Where Can You Find the Biggest Homes?

NAR Daily Real Estate News - October 3, 2018 - 1:00am

For home shoppers who are in search of a supersized home, head to the South.

Categories: Real Estate News

Beware of Hogweed in Backyards: It Can Burn and Blind You

NAR Daily Real Estate News - October 3, 2018 - 1:00am

Hogweed is popping up in more backyards, and environmental agencies are warning of the dangers of coming into contact with it.

Categories: Real Estate News

A Nod of Appreciation to 2018 Good Neighbor Winners

NAR Daily Real Estate News - October 3, 2018 - 1:00am

These real estate pros have gone above and beyond the call of duty with their outreach and volunteer programs within their communities and beyond. NAR honors this year’s winners and honorable mentions.6

Categories: Real Estate News

Rising Rents Spark Protests From Residents

NAR Daily Real Estate News - October 2, 2018 - 1:00am

Some tenants are turning to rent strikes to fight back against the price hikes.

Categories: Real Estate News

LGBT Buyers Fear Discrimination

NAR Daily Real Estate News - October 2, 2018 - 1:00am

Those fears over prejudice may be holding back a significant share of LGBT renters from buying, a new survey from Freddie Mac finds.

Categories: Real Estate News

Homeowners Wait on Prices to Leverage Current Home

NAR Daily Real Estate News - October 2, 2018 - 1:00am

Some homeowners are holding back on selling, hoping they’ll be able to afford a larger down payment on their next home.

Categories: Real Estate News

Will the Housing Market Pass or Fail the ‘5 Percent’ Test?

NAR Daily Real Estate News - October 2, 2018 - 1:00am

The 30-year fixed-rate mortgage is inching closer to the 5 percent range, which will be a big test of affordability on the housing market.

Categories: Real Estate News

Airbnb Guests in N.J. Use Agents to Avoid Occupancy Tax

NAR Daily Real Estate News - October 1, 2018 - 1:00am

A loophole in state law allows users of short-term rental sites to save money on accommodations if they book through a real estate professional.

Categories: Real Estate News

Amazon Partners With Builders to Put Alexa in New Homes

NAR Daily Real Estate News - October 1, 2018 - 1:00am

The online retailer aims to make its voice assistant a standard smart-home feature in newly constructed properties.

Categories: Real Estate News

High-Earning Millennials Driving Demand in Hottest ZIPs

NAR Daily Real Estate News - October 1, 2018 - 1:00am

They’re increasingly attracted to smaller, suburban areas, where homes are spending nearly 10 percent less time on the market.

Categories: Real Estate News

Hotter Rental Demand Forces Apartment Costs to Rise

NAR Daily Real Estate News - October 1, 2018 - 1:00am

In the third quarter of the year, rents rose 2.9 percent compared to a year ago, according to RealPage, a real estate data firm. How will would-be buyers respond?

Categories: Real Estate News

5 Cities Suffering Worst Inventory Losses

NAR Daily Real Estate News - October 1, 2018 - 1:00am

Some markets are beginning to feel the relief of more for-sale inventory, but these cities are seeing the number of listings further shrink.

Categories: Real Estate News

Where You’ll Have the Most Annoying Neighbors

NAR Daily Real Estate News - October 1, 2018 - 1:00am

A new survey discovers what consumers consider the most offensive traits of the people living next door, as well as where disturbances are most common.

Categories: Real Estate News

Hurricane Florence: Nearly $30 Billion in Estimated Losses

RisMedia Consumer Advice - September 30, 2018 - 1:03pm

Earlier this month, Hurricane Florence blasted through the Carolinas and Virginia, leaving a path of flood and wind damage in its wake.

According to an analysis by real estate data provider CoreLogic, residential properties in the Carolinas and Virginia sustained between $19-$28.5 billion in damage, which includes impact from both inland flooding and storm surge. Of that amount, an estimated $13-$18.5 billion is in uninsured losses. Flood losses insured by the National Flood Insurance Program (NFIP) are estimated to be $2-$5 billion, and wind losses are estimated to be an additional $1-$1.5 billion.

In total, CoreLogic estimates that flooding and wind damaged 487,000 residential homes in North Carolina, 109,000 in South Carolina and 28,000 in Virginia.

The House recently passed a five-year FAA reauthorization with a bill—the Aviation, Transportation Safety, and Disaster Recovery Reforms and Reauthorization—that includes relief funding designed to expedite recovery efforts for Florence-impacted areas. The FAA’s current authorization was set to expire on September 30; however, the House approved a one-week extension and the Senate is expected to vote shortly (at press time), according to Aviation International News.

“…Even today, over a week after the storm made landfall, flooding remains a significant concern for families in both North and South Carolina,” said NAR President Elizabeth Mendenhall in a statement. “In these times, we are reminded of the importance of peace of mind for property owners with access to quality and affordable flood insurance, and maintain our call for Congress to pass responsible, long-term NFIP reauthorization. We commend the House for passing H.R. 302, and urge the Senate to take up this important legislation quickly.”

Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

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Categories: Real Estate News