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Real Estate

Report: Housing Costs Leave Third of Households Strapped

NAR Daily News Magazine - June 21, 2018 - 12:00am

The number of American households considered to be “cost-burdened” has grown by nearly 14 million over the last 30 years.

Categories: Real Estate

Are Millennials Finally Flying the Coop?

NAR Daily News Magazine - June 21, 2018 - 12:00am

More young people may be ready to leave home and start their own household, according to a new report.

Categories: Real Estate

Upbeat Sellers Show Readiness to Make a Move

NAR Daily News Magazine - June 21, 2018 - 12:00am

“Hopefully ... strong seller optimism will lead to an increase in inventory later on in the year,” says NAR Chief Economist Lawrence Yun.

Categories: Real Estate

Appraisers, Homeowners Agree More Than Ever on Values

NAR Daily News Magazine - June 21, 2018 - 12:00am

Owners are increasingly understanding the true market value of their properties, a new survey shows.

Categories: Real Estate

Loan Demand Ticks Up as Borrowers Look to Lock in Rates

NAR Daily News Magazine - June 20, 2018 - 12:00am

Mortgage rates have been up and down in recent weeks, so when borrowers saw some stability, they jumped at a chance to lock in a rate.

Categories: Real Estate

Most Renters Wish They Lived Elsewhere, Survey Says

NAR Daily News Magazine - June 20, 2018 - 12:00am

Many renters recently surveyed say they aren’t happy with the location where they live, but high costs are preventing them from making a move.

Categories: Real Estate

New-Home Construction Surges to Highest Level in Decade

NAR Daily News Magazine - June 20, 2018 - 12:00am

More new homes entered the pipeline in May than in any other month since the end of the Great Recession. But the gains are uneven across the country, and permit activity indicates they may be short-lived.

Categories: Real Estate

2.5M Homes to Be Threatened by Tidal Flooding by the Year 2100

NAR Daily News Magazine - June 20, 2018 - 12:00am

Rising sea levels and climate change are putting a significant number of homes at risk of tidal flooding, even in the absence of major storms, according to a new report from the Union of Concerned Scientists.

Categories: Real Estate

Home Prices Hit a Record High

NAR Daily News Magazine - June 20, 2018 - 12:00am

Home buyers can expect to pay more for a home this summer. The median existing-home price for all housing types reached an all-time high in May at $264,800, according to the latest housing report released by the National Association of REALTORS®.

Categories: Real Estate

7 Ways to Make Your Website, Emails More Accessible

NAR Daily News Magazine - June 20, 2018 - 12:00am

Learn how inclusive design will improve your marketing and communications to all your customers.

Categories: Real Estate

Housing Starts Spike to 11-Year High, Permits Stumble

RisMedia Consumer News - June 19, 2018 - 3:54pm

Following a dip last month, housing starts rebounded in May, up 5 percent to 1.35 million from the revised April estimate of 1.286 million, according to recent data released by the U.S. Department of Housing and Urban Development and the Commerce Department. Meanwhile, single-family housing starts jumped up 3.9 percent since April to 936,000, the second-highest reading since the Great Recession, according to the National Association of Home Builders. Multifamily starts (five units or more) dropped slightly to 404,000.

Permit approvals fell 4.6 percent since April to 1.3 million; however, they are still 8 percent above the May 2017 rate, according to the data. Approvals for single-family builds were down 2.2 percent to 844,000 permits, and multifamily approvals came in at 421,000.

“Ongoing job creation, positive demographics and tight existing home inventory should spur more single-family production in the months ahead,” said NAHB Chief Economist Robert Dietz, in a statement. “However, the softening of single-family permits is consistent with our reports showing that builders are concerned over mounting construction costs, including the highly elevated prices of softwood lumber.”

As for completions, rates bumped up 1.9 percent from April to 1.291 million, with single-family completion rates rising dramatically—11 percent from April numbers to 890,000. Multifamily completions came in at 389,000, down 14.1 percent from April rates.

“We should see builders continue to increase production to meet growing consumer demand even as they grapple with stubborn supply-side constraints, particularly rising lumber costs,” said NAHB Chairman Randy Noel.

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

The post Housing Starts Spike to 11-Year High, Permits Stumble appeared first on RISMedia.

Categories: Real Estate

NAR: Final Labor Rule Holds Promise for AHPs

NAR Daily News Magazine - June 19, 2018 - 12:00am

New guidance from the Department of Labor makes it possible for the first time for real estate pros to be eligible to join an association health plan.

Categories: Real Estate

Will Driverless Cars Affect Change in Home Values?

NAR Daily News Magazine - June 19, 2018 - 12:00am

Fully autonomous vehicles could render garage space obsolete for many homeowners.

Categories: Real Estate

Homeownership Rate Depends Heavily on Seniors

NAR Daily News Magazine - June 19, 2018 - 12:00am

Much focus has been placed on how millennials will impact housing, but older Americans may actually have more influence.

Categories: Real Estate

Real Estate Developers Take Wellness Into Account

NAR Daily News Magazine - June 19, 2018 - 12:00am

Health-conscious home amenities are growing into a $134 billion industry globally.

Categories: Real Estate

A Handy Guide to Starting a Home Remodel

RisMedia Consumer News - June 18, 2018 - 3:48pm

(Family Features)—Apprehension and inexperience keep many homeowners from pursuing renovation projects that would make their homes more functional, enjoyable and comfortable. Getting your hands dirty on the front end—with some planning and preparation – is the best blueprint for a successful home remodeling project.

To help you start your remodel on the right track, consider these tips from Gary White with JCPenney Home Services.

Start with a plan
Although it may sound obvious, the first step really is to decide what you hope to accomplish with your renovation. At the least, begin to outline rough ideas to discuss with an expert. Reaching out to contractors before you’ve determined a basic idea for your project can waste time and money. Spend time listing the features you must have, as well as some nice-to-haves if budget allows. Also think about overall functionality, design and layout. If you get overwhelmed or need ideas, don’t hesitate to turn to online showrooms or magazines for inspiration.

Set a budget
If the sky is the limit, skip ahead, but if you’re like most homeowners, money matters. Have a clear idea of what you can afford to invest in your renovation before you get started, and if necessary, research the financing options available to you. Look for financing that provides deferred interest or low monthly payments to help manage the project cost. Setting a clear budget can help keep your contractors accountable, and it goes a long way toward ensuring you can enjoy your finished project without regret.

Draw up the plans
To help set your plan in motion, there are numerous online tools you can utilize to simplify each step of the process including design, budgeting and more. If you’re planning a home remodel, it can be helpful to find a comprehensive resource that offers a one-stop-shop for bathroom remodeling, countertops, custom window treatments, flooring, heating and cooling, water heaters and whole-home water treatment.

Involve a professional
Unless you have the time and skills, you’ll want a licensed and insured contractor to lead the project when you’re ready to get your renovation in motion. It can be wise to solicit multiple bids, not only to ensure you get the best value, but also to find someone whose work, style and experience is most in line with the needs of your project. After all, this person will be a big part of your life during a fairly stressful time period. Always check references and verify the contractor’s standing with local associations.

Get ready for work
Remember that you’ll need to create a work environment that is safe for your contractors and protects your valuable possessions. Establish a clear path to the project space for easy access and removal of debris. Furniture, appliances, room furnishings, valuables and breakable items should be removed from both the path to the work site and the work site itself. If your renovation project will involve an essential room, such as the kitchen or a bathroom, make alternate arrangements such as creating a makeshift kitchen with the bare necessities in another part of the house

Countertops 101
Kitchens and bathrooms are among the most common renovation projects, and countertops are often a focal point of these redesigns. However, choosing the right countertop can be overwhelming. Here are two of the most popular choices:

Granite countertops have long been the mainstay of a beautiful kitchen or bathroom. Granite is a natural stone, quarried from large stone deposits around the world. It can have many different variations of patterns and colors, giving each slab a unique appearance that is visually rich and dynamic.

In addition to its distinctive beauty and classic elegance, granite is also extremely durable. Granite is highly resistant to heat and scratches and, with proper sealing, offers good water and stain resistance and is easy to clean.

Granite typically needs to be sealed, both prior to installation and at least once per year. If properly maintained, a granite countertop will last for as long as you own your home, making it a potential long-term investment.

Quartz is another popular choice for countertops due to its durability, stain resistance and ease of maintenance.

It’s an engineered product made mostly from up to 93 percent quartz, a non-porous natural stone, combined with a small amount of binder and color. Small particles of glass or reflective metal flakes can also be added to some quartz designs to achieve a more unique look. The result is an attractive slab that can be made in a wide variety of tones and colors, and can be finished to duplicate high gloss polished stone.

Quartz is one of the most durable countertop materials and one of the easiest to maintain. It is highly resistant to heat, water and stains, including stains from coffee, wine, lemon juice, olive oil, vinegar and more. Unlike granite, quartz does not need to be sealed, making it easier to maintain over time.

Source: JCPenneyhomeservices.com

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

The post A Handy Guide to Starting a Home Remodel appeared first on RISMedia.

Categories: Real Estate

Onsite Car-Sharing Programs Could Lure Condo Buyers

NAR Daily News Magazine - June 18, 2018 - 12:00am

A luxury residential tower in Chicago may set the trend for giving residents transportation options outside of owning a car.

Categories: Real Estate

4 Ways a High-Tech Kitchen Will Survive Design Fads

NAR Daily News Magazine - June 18, 2018 - 12:00am

These technological tweaks will ensure that homeowners have their needs met over the next decade and beyond.

Categories: Real Estate

Dual Agency Banned in British Columbia

NAR Daily News Magazine - June 18, 2018 - 12:00am

Real estate professionals in the Canadian province cannot take part in “double ending” a deal, according to new rules. Could the move impact the industry in the U.S.?

Categories: Real Estate

Cities Where People Live the Longest

NAR Daily News Magazine - June 18, 2018 - 12:00am

Find out how these areas promote a healthy lifestyle for residents.

Categories: Real Estate