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Real Estate

New-Home Construction: A ‘Bonanza’ for Thieves

NAR Daily News Magazine - July 13, 2018 - 12:00am

The uptick in new houses being built in some parts of the country is creating a jackpot for thieves.

Categories: Real Estate

States With the Most Retirement Potential

NAR Daily News Magazine - July 13, 2018 - 12:00am

The best places for retirees this year may not offer Florida’s warm temperatures, but they are still making people happy.

Categories: Real Estate

Mortgage Rates Continue to Slide This Week

NAR Daily News Magazine - July 13, 2018 - 12:00am

The 30-year fixed-rate mortgage posted its first increase in the past month.

Categories: Real Estate

$1M-Plus Sales Surge 25% This Year

NAR Daily News Magazine - July 13, 2018 - 12:00am

This marks the largest leap in luxury home sales since January 2014.

Categories: Real Estate

Home Tours Are Happening Through Video Calls

NAR Daily News Magazine - July 13, 2018 - 12:00am

This is one way buyers are finding they can act quickly where limited inventories and fast offers are the norm.

Categories: Real Estate

Is Amazon Embarking on Home Insurance?

RisMedia Consumer News - July 12, 2018 - 3:21pm

July 16 is Prime Day, and this year’s deals feature double discounts on Alexa-enabled smart home devices, including Echo, Fire TV and Fire tablets, Amazon reports. As the marketplace giant gets more and more involved in the lives of homeowners, could consumers start to see offshoots into other home-related services?

Amazon-run home insurance could be the company’s next endeavor, according to The Information, a technology website. Although Amazon has not yet provided concrete evidence for insurance plans, it would make sense due to the company’s most recent partnerships. From plans to create a line of robots to be used as homeowners’ personal assistants, to the latest collaboration with Lennar showrooms to promote its line of smart home products, Amazon is already deeply entrenched in the lives of homeowners.

The alleged reason for this possible next phase in Amazon’s services? The company’s various tech products could help monitor for dangers such as burglaries and fires, resulting in more affordable premiums, reports The Information. Amazon has already made moves into the healthcare industry to build out its medical supply business, so an insurance division isn’t outside the realm of possibility.

If Amazon did form its own insurance division, what would it look like? In order to beat out the competition, there may have to be a sizable price difference in premiums and an added catch for consumer convenience. A traditional financial model may not be feasible for a company that needs to juggle its Prime audience base, along with several other technological innovations, to stay relevant.

However, this could be more of a partnership than a foray into its own segment of home insurance. Since regulations vary by state, it would be difficult for Amazon to establish a national presence under its own umbrella without investing an abundance of time and money to maintain a legally intricate service. Another concern? Amazon would need to have the necessary funds available to create a pool of reserves for any upfront claims payments.

In order to cut costs, Amazon may be able to sell consumer information it gathers from its smart home devices—in December alone, the installed base of Amazon Echo devices in the U.S. amounted to 31 million units, according to Statista. This way, the company would be able to barter data in order to profit from already-established insurance institutions and further negotiate consumer discounts, similar to the way insurance companies currently provide credits to homeowners who have security systems installed at their properties.

According to Statista, the global smart home market will reach an estimated value of over $53 billion in the U.S. by 2022. Will future homes be run by Amazon? It’s starting to look that way.

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.

The post Is Amazon Embarking on Home Insurance? appeared first on RISMedia.

Categories: Real Estate

How to Balance Your Work, Personal Schedules

NAR Daily News Magazine - July 12, 2018 - 12:00am

Follow these tips to make sure you’re not extending your workday longer than you need to.

Categories: Real Estate

4 Costly (and Dangerous) Pool Care Mistakes

NAR Daily News Magazine - July 12, 2018 - 12:00am

The water feature is a big selling point, but improper maintenance can lead to leaks and skin rashes.

Categories: Real Estate

Owners, Appraisers Closest to Agreement Since 2015

NAR Daily News Magazine - July 12, 2018 - 12:00am

Perceptions of home values have been converging over the last few months.

Categories: Real Estate

720-Day Foreclosure Timeline Is Actually an Improvement

NAR Daily News Magazine - July 12, 2018 - 12:00am

From the initial notice to completion, the foreclosure process can average nearly two years. In some states, it can take up to four.

Categories: Real Estate

Protecting Your Transactions From Wire Fraud

NAR Daily News Magazine - July 12, 2018 - 12:00am

Compromised email accounts was the most reported type of fraud in real estate last year.

Categories: Real Estate

Delayed Ownership Could Exacerbate Wealth Disparities

NAR Daily News Magazine - July 12, 2018 - 12:00am

Serious long-term economic effects could emerge as millennials continue to put off homeownership.

Categories: Real Estate

How Will Bike-Sharing Change Cities?

NAR Daily News Magazine - July 11, 2018 - 12:00am

With car ride-sharing company Lyft's acquisition of bike-sharing company Motivate, will residents gain flexibility in their choice of neighborhoods to inhabit?

Categories: Real Estate

The 10 Most Undervalued Cities in 2018 for House Hunters

NAR Daily News Magazine - July 11, 2018 - 12:00am

These cities don’t just offer bargains but also rate high on livability.

Categories: Real Estate

Do ARMs Still Spook Borrowers?

NAR Daily News Magazine - July 11, 2018 - 12:00am

Even with lower introductory rates, some borrowers may be cautious over adjustable rate mortgages since the housing crisis.

Categories: Real Estate

Loan Demand Takes Sudden Leap From Home Buyers

NAR Daily News Magazine - July 11, 2018 - 12:00am

Some recent inventory relief in housing may be the main factor behind the latest rise in mortgage applications, economists say.

Categories: Real Estate

Wall Street Is Taking an Even Bigger Bet on Rentals

NAR Daily News Magazine - July 11, 2018 - 12:00am

Investors are bullish that more Americans will choose to be renters, and they’re buying up even more single-family homes to make sure they are well ahead of the trend.

Categories: Real Estate

3 Vintage Kitchen Designs Making a Comeback

NAR Daily News Magazine - July 11, 2018 - 12:00am

Several vintage and retro elements from the 1960s or even 1930s are oozing back into kitchen design.

Categories: Real Estate

3 Tips for Property Owners Handling Graffiti

NAR Daily News Magazine - July 10, 2018 - 12:00am

First, you must determine if the street art was legally created before renovating or demolishing the building.

Categories: Real Estate

Bargain Hunters Are Eyeing Puerto Rico

NAR Daily News Magazine - July 10, 2018 - 12:00am

Prices on the island are about half of what they were eight years ago, as recovery continues from Hurricane Maria and a lingering recession. But some shoppers see an opportunity.

Categories: Real Estate