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Real Estate

Buyers Contend With Record-High List Prices

NAR Daily News Magazine - June 28, 2018 - 12:00am

Inventory shortages, coupled with strong buyer demand, pushed the median listing price nationwide to an all-time high in June, realtor.com® reports.

Categories: Real Estate

Loan Apps Drop Sharply as Buyers Get Jittery

NAR Daily News Magazine - June 27, 2018 - 12:00am

This summer’s pricey and ultra-competitive housing market may be spooking would-be home buyers.

Categories: Real Estate

11 Most Endangered Historic Places in the U.S.

NAR Daily News Magazine - June 27, 2018 - 12:00am

The National Trust for Historic Preservation unveils its annual list of landmarks most at risk of development, demolition, or falling into disarray.

Categories: Real Estate

How Much Influence Should Kids Have in Buying Decisions?

NAR Daily News Magazine - June 27, 2018 - 12:00am

Though 55 percent of homeowners say they took their children’s views under advisement when purchasing a home, real estate pros and psychologists are split on whether that’s healthy.

Categories: Real Estate

How Your Clients Are Celebrating Their ‘Housiversary’

NAR Daily News Magazine - June 27, 2018 - 12:00am

Homeowners are coming up with creative ways to mark their homeownership milestones, and you can join in on the fun.

Categories: Real Estate

Replacements for Facebook’s ‘Likely to Move’ Ads

NAR Daily News Magazine - June 27, 2018 - 12:00am

Real estate professionals are receiving notice that the social network will be shutting the feature down in mid-August. What will you use next to target online ads?

Categories: Real Estate

Yun: Spring Was the Season of ‘Unmet Expectations’

NAR Daily News Magazine - June 27, 2018 - 12:00am

Sales data shows that the recently ended spring buying season didn’t live up to the hype typical for real estate’s traditionally busiest time of year.

Categories: Real Estate

Mobile Homes Could Fill Large Inventory Gaps

NAR Daily News Magazine - June 26, 2018 - 12:00am

Some economists believe manufactured housing would not only relieve supply shortages but also provide more affordability.

Categories: Real Estate

Survey: Homeowners Spending More to Remodel

NAR Daily News Magazine - June 26, 2018 - 12:00am

The median cost of a kitchen renovation has risen 10 percent over the last year, but that’s not stopping owners' desire to spruce up their homes.

Categories: Real Estate

Lenders Focus on Cutting Costs to Remain Competitive

NAR Daily News Magazine - June 26, 2018 - 12:00am

To make up for the decline in refinancings, banks are trying to court more consumers by lowering borrowing fees.

Categories: Real Estate

New-Home Sales Jump to Highest Level of 2018

NAR Daily News Magazine - June 26, 2018 - 12:00am

Many new builds have been more moderately priced, an encouraging sign for first-time buyers.

Categories: Real Estate

Where Sellers Become Millionaires After a Property Sale

NAR Daily News Magazine - June 26, 2018 - 12:00am

See the markets where the most sellers strike it rich.

Categories: Real Estate

‘Best Places to Work’ in Real Estate

NAR Daily News Magazine - June 26, 2018 - 12:00am

Find out which brokerages and CEOs in the industry made Glassdoor’s annual list.

Categories: Real Estate

Any Fannie, Freddie Changes Require Care, Experts Say

NAR Daily News Magazine - June 25, 2018 - 12:00am

Preventing disruption to the availability of safe, affordable mortgage financing is key.

Categories: Real Estate

What Are America’s Most Posh ZIP Codes?

NAR Daily News Magazine - June 25, 2018 - 12:00am

The ultrarich’s biggest spending category tends to be on real estate. So where are the richest people in America settling down and buying a home?

Categories: Real Estate

Cities’ Design Tweaks Can Boost Their Quality of Life

NAR Daily News Magazine - June 25, 2018 - 12:00am

City design can have a big influence on how residents feel about where they live. A new report offers city planners ideas on how to create tighter bonds in the community.

Categories: Real Estate

Foreclosure Starts Rise in 43% of Markets

NAR Daily News Magazine - June 25, 2018 - 12:00am

View an interactive chart to see foreclosure starts in your metro area.

Categories: Real Estate

Why New Homes Are Getting Pricier

NAR Daily News Magazine - June 25, 2018 - 12:00am

Rising lumber costs are pushing up new-home prices by an estimated $9,000, according to the builders’ trade group.

Categories: Real Estate

4 Outdoor Projects That Offer the Most Paybacks

NAR Daily News Magazine - June 25, 2018 - 12:00am

Some summer outdoor house projects can help boost a home’s value by up to 10 percent, according to a new realtor.com® report.

Categories: Real Estate

Analysis: The Price of a Property Ripe for Summer

RisMedia Consumer News - June 24, 2018 - 12:06pm

With more activities, daylight, outdoor parties and vacations, summer is a precious time of year. Do you have amenities at home that make the most of the season?

According to new realtor.com® research, features that scream “summer” can earn homeowners more profit. An outdoor shower, for example, is at a 97 percent price-per-square foot (PPSF) premium—exceedingly high, because most are on properties on the water—while a barbecue grill, associated with summertime, is at 26 percent, and a pool and/or spa is at 25 percent.

“Buyers love special features that enable them to get the most out of the summer months, and are willing to pay more for a home that has them, according to our analysis,” says Javier Vivas, director of Economic Research at realtor.com.

MORE: Is ‘Green’ at a Premium? Depends Where You Purchase

However, location matters. According to the analysis, Massachusetts, Hawaii and New Jersey contain the most listings with outdoor showers, but New York, New Jersey and South Carolina have the highest premiums for them, at 256 percent, 164 percent and 140 percent, respectively. When it comes to BBQs, Arizona, California and Utah have the most listings with them, but only Arizona and California have the highest premiums (33 percent and 23 percent, respectively). Arizona and California are also contenders for the most listings with pools, but New York has the highest premium for one, at 224 percent.

When marketing a property primed for summer, the description is key, the research shows. In Michigan—where bitter winters and lake life meet—descriptions on listings mentioning “summer days” or “summer fun” command a 36 percent premium.

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

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Analysis: The Price of a Property Ripe for Summer appeared first on RISMedia.

Categories: Real Estate