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Beware Location Remorse: Over a Third Have ‘Neighborhood Regret’

RisMedia Consumer Advice - September 6, 2018 - 4:01pm

You can change a house—location is tougher.

According to new research by Trulia, 36 percent of Americans have “neighborhood regret,” or would have moved to another neighborhood than the one they reside in today. The feeling is heightened in metros, where 46 percent are dissatisfied with their pick, but less pronounced in rural areas (31 percent) and the suburbs (30 percent) The portal surveyed 1,000 Americans in Austin, Chicago and San Francisco who moved in the past three years.

What makes a neighborhood suitable? Forty-eight percent of those surveyed were motivated by the “vibe,” 37 percent were affected by crime rates, and another 37 percent were attracted to easier travel to work. Attributes that led to regret? Lack of public transit, noise and traffic.

Is your neighborhood a problem? For future moves, prepare through research. Look up neighborhood photos—something just 38 percent of those surveyed did—and plan a time to visit. Only 37 percent explored the neighborhood’s popular spots, and 47 percent did not go at night. Remember, as well, that your agent is an expert on the local market. Contact them for help with your move.

For more information, please visit www.trulia.com.

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The post Beware Location Remorse: Over a Third Have ‘Neighborhood Regret’ appeared first on RISMedia.

Categories: Real Estate News

Home Flips Plunge as Distressed Inventory Dries Up

NAR Daily Real Estate News - September 6, 2018 - 1:00am

Investors retreat from the fix-and-flip market, as fewer properties are available at deep discounts.

Categories: Real Estate News

PHH, Realogy to Pay $17M Over Alleged Kickbacks

NAR Daily Real Estate News - September 6, 2018 - 1:00am

The two companies have settled claims from a 2015 lawsuit that they received kickbacks for referring certain settlement services.

Categories: Real Estate News

Real Estate Community Focuses on Disaster Preparedness

NAR Daily Real Estate News - September 6, 2018 - 1:00am

Share these tips with clients so they can take precautions and weather the storm when a natural disaster strikes.

Categories: Real Estate News

Top Towns for an ‘Affordable’ Retirement

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

Where are retirees headed? If you live in these communities, you may find out first-hand.

Categories: Real Estate News

Study Reveals ‘Starbucks Effect’ on Home Prices

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

When a new Starbucks opens near a neighborhood, that could be a good sign for home prices, a new Harvard study suggests.

Categories: Real Estate News

Gen Z May Prove to Be Serious Competition for Millennials in Housing

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

Despite its young age, "Generation Z" is showing a lot of interest in homeownership. Is it youthful optimism or is the eagerness real?

Categories: Real Estate News

Opendoor Aims to Capture More Market Share

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

The company’s planned expansion would make its service accessible to 15 percent of the U.S. population.

Categories: Real Estate News

3 Plants That Can Kill Your Listing’s Curb Appeal

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

Though lush shrubs and flowering plants can boost a home's curb appeal, some have a reputation for being destructive to lawns.

Categories: Real Estate News

Ultra-Luxury Market Grapples With $1B in Price Reductions

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

Sellers who own the priciest homes in the country have had to make mega price cuts to lure buyers. Here’s a theory for why.

Categories: Real Estate News

Yards for New Homes Are Smaller Than Ever

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

Median lot sizes nationwide have reached record lows, according to the Census Bureau.

Categories: Real Estate News

Mortgage Borrowers Get Loan Approval With Lower Credit

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

Recent studies suggest that home buyers with low credit scores and high debt-to-income ratios may have an easier time qualifying for financing.

Categories: Real Estate News

4 Rules for Creating Real Estate Signs That Sell

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

Follow these best practices for signage that will communicate your message and brand, as well as catch prospects’ attention.

Categories: Real Estate News

Hackathon, Pitch Battle Add Dynamism to iOi

NAR Daily Real Estate News - August 31, 2018 - 1:00am

Interactive demos and app-building exercises at NAR’s inaugural tech conference brought a distinctive element missing from many real estate events.

Categories: Real Estate News

Mortgage Rates Mostly Holding Steady

NAR Daily Real Estate News - August 31, 2018 - 1:00am

Rates have barely budged over the last few weeks and may be offering a window of opportunity for prospective buyers.

Categories: Real Estate News

Home Prices Are Climbing Three Times Faster Than Rents

NAR Daily Real Estate News - August 31, 2018 - 1:00am

Only 41 percent of the U.S. population now lives in a county where a median-income household can afford to buy a home at the median list price.

Categories: Real Estate News

Judge Orders Aid Cutoff to Hurricane Maria Victims

NAR Daily Real Estate News - August 31, 2018 - 1:00am

More than 1,000 Puerto Rican families who fled to the U.S. mainland will lose federal housing assistance by Sept. 14.

Categories: Real Estate News

How Consumers and Businesses Can Both Win

NAR Daily Real Estate News - August 30, 2018 - 1:00am

The state attorneys general who addressed attendees at the iOi Summit stressed the importance of tech companies, real estate, and the law all working together to foster the future of the American dream of homeownership.

Categories: Real Estate News

First-Time Buyers Have Bought 985K Homes This Year

NAR Daily Real Estate News - August 30, 2018 - 1:00am

New buyers under the age of 35 have been increasing their homeownership rates and are “showing a determination and resiliency to become homeowners,” according to a new report.

Categories: Real Estate News

News Corp to Buy Tech Platform Opcity

NAR Daily Real Estate News - August 30, 2018 - 1:00am

The acquisition will bring more lead generation offerings to realtor.com® with a platform that matches qualified home buyers and sellers will real estate professionals in real time.

Categories: Real Estate News