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Real Estate

Hispanic Homeownership Surges

NAR Daily News Magazine - September 5, 2017 - 11:00pm

Latinos are expected to make up more than half of new home buyers over the next 20 years.  

Categories: Real Estate

Study: Use Articles to Educate to Drive Sales

NAR Daily News Magazine - September 5, 2017 - 11:00pm

Consumers who read an educational article from a company are 131 percent more likely to buy from that company instead of a competitor, according...

Categories: Real Estate

Loan Demand Rebounds on Lower Rates

NAR Daily News Magazine - September 5, 2017 - 11:00pm

Mortgage application volume reversed course in the latest week and pushed higher as refinancers and home buyers took advantage of another drop in...

Categories: Real Estate

Don't Let Spammers Hijack Your Domains

NAR Daily News Magazine - September 5, 2017 - 11:00pm

If you bought more internet domains than you currently use, consider continuing to pay for all of them. The ones you drop may be grabbed by...

Categories: Real Estate

Climate Change to Trigger Housing Crisis?

NAR Daily News Magazine - September 4, 2017 - 11:00pm

Coastal flooding, wildfires, and extreme weather events are posing an increasing risk to real estate. 

Categories: Real Estate

Houston Agent Missing After Fleeing Harvey

NAR Daily News Magazine - September 4, 2017 - 11:00pm

Crystal McDowell told her boyfriend she was fleeing Houston ahead of Hurricane Harvey, but no one has heard from the real estate agent since Aug....

Categories: Real Estate

More Homeowners ‘Stuck’ In Starter Homes

NAR Daily News Magazine - September 4, 2017 - 11:00pm

The stay-put mindset is leaving fewer homes available for sale and prompting home prices to surge due to the short supplies.

Categories: Real Estate

Homeownership Remains the American Dream

NAR Daily News Magazine - September 4, 2017 - 11:00pm

Owning a home stays at the top of the list for achieving the American Dream, according to a recent survey.

Categories: Real Estate

How Driverless Cars Will Reshape Housing

NAR Daily News Magazine - September 4, 2017 - 11:00pm

Self-driving cars are expected to have a big impact on real estate—here’s how.

Categories: Real Estate

8 Best Upgrades to Personalize Your New Home

RisMedia - September 4, 2017 - 2:02pm

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Before you move into your new house, you may want to make upgrades. These add value to your investment, improve your home’s function and allow you to express your personality. Plus, making upgrades before you move in reduces inconvenience later. Consider the following upgrades to make your new house feel like home.

  1. Enhance the Kitchen
    Quality kitchen upgrades ensure the room meets your family’s needs, and add value to your home. Consider several changes that improve the quality and function of your kitchen:
  • Get high-end, energy- or water-saving appliances.
  • Lower the bar counter from 42 to 36 inches so it’s more accessible.
  • Install quartz countertops.
  • Add lighting under the counters.
  • Choose matching fixtures and hardware.

Worried about staying on budget while renovating the most expensive room in the house? According to HomeAdvisor’s Kitchen Cost Guide, it costs the average homeowner between $12,500 and $33,500 for a full kitchen remodel.

  1. Redo the Flooring
    It’s definitely easier and more affordable to upgrade a house’s flooring before you arrange all the furniture. Consider stain-resistant carpeting in high-traffic areas, or install hardwood in connected rooms for a sleek appearance.
  1. Update the Bathroom
    Spruce up a bathroom already in the house or add an additional bathroom before your move. When renovating a bathroom, consider your current and future needs, such as your family size or entertaining habits. Several possible changes include:
  • Install a double sink.
  • Install a walk-in shower or Jacuzzi tub.
  • Choose decorative shower, floor or wall tile.
  • Customize the lighting or fixtures.
  • Hang extra shelves for storage.
  1. Bring in New Cabinetry
    Before you unpack all your possessions, install new cabinetry that helps you get and stay organized. The kitchen and bathroom cabinets have a big effect on your home’s function and appearance. Choose cabinet finishes and designs that match your personal style and color scheme. You can hang the old cabinets in the garage or attic to expand your storage space.
  1. Update Electrical Wiring
    Older houses may have outdated wiring, or you may find that you need additional outlets in certain rooms. Walk through your house, visualize how you will use each room and plan any electrical wiring updates. With help from an electrician, you can add outlets in the living room to accommodate your gaming systems or wire the den ceiling for a new fan.
  1. Wire for Internet Service
    Improve security and speed in your new home with wired internet throughout the house. It allows you to install and use a variety of electronics, including security cameras, in any room. Full-house wired internet also prevents outside users and hackers from accessing your network and potentially harming your family.
  1. Add Lots of Storage
    Getting extra storage throughout your house before you move helps you completely unpack and organize your home the way you want. The price of installing a new closet is about $1,800, as found on HomeAdvisor. Choose from a variety of cabinet types, shelving, and overhead storage designs and materials that match your needs and preferences.
  1. Transform the Laundry Room
    While you probably plan to use your laundry room primarily for laundry, you may wish to transform it into a functioning pantry, drop zone or mud room. Rearrange the washing machine and dryer hookup to make room for pantry storage. Consider adding a bench and hooks for shoes, backpacks and umbrellas, too.

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

The post 8 Best Upgrades to Personalize Your New Home appeared first on RISMedia.

Categories: Real Estate

Consumer Confidence Keeps Improving

RisMedia Consumer News - September 1, 2017 - 10:05pm

Consumer confidence kept improving in August, posting a 122.9 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 104.0, while the Present Situation reading rose to 151.2. July’s reading was 120.0.

“Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board in a statement. “Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high. Consumers’ short-term expectations were relatively flat, though still optimistic, suggesting that they do not anticipate an acceleration in the pace of economic activity in the months ahead.”

The percentage of consumers who believe business conditions are “good,” as defined by the Index, increased from 32.5 percent in July to 34.5 percent in August; the percentage of those who believe business conditions are “bad” decreased from 13.5 percent in July to 13.1 percent in August. The percentage of those who expect business conditions to improve decreased from 22.4 percent in July to 19.6 percent in August; the percentage of those who expect business conditions to worsen decreased from 8.4 percent in July to 7.3 percent in August.

The percentage of consumers who believe jobs are “plentiful” increased from 33.2 percent in July to 35.4 percent in August, according to the Index; the percentage of those who believe jobs are “hard to get” decreased from 18.7 percent in July to 17.3 percent in August. The percentage of those who expect more jobs in the coming months decreased from 18.5 percent in July to 17.1 percent in August; the percentage of those who expect less jobs in the coming months decreased from 13.2 percent in July to 13.0 percent in August.

The percentage of consumers who expect higher incomes increased from 20.0 percent in July to 20.9 percent in August; the percentage of those who expect a decrease increased from 9.5 percent in July to 7.8 percent in August.

Source: The Conference Board

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

The post Consumer Confidence Keeps Improving appeared first on RISMedia.

Categories: Real Estate

WalletHub: 10 Best Housing Markets

RisMedia Consumer News - September 1, 2017 - 10:01pm

What makes for an attractive housing market? Analysts at WalletHub recently identified several indicators of desirability, using a 100-point scoring system in 300 markets to rank the top 10 in the nation:

  1. Frisco, Texas
  2. McKinney, Texas
  3. Allen, Texas
  4. Cary, N.C.
  5. Richardson, Texas
  6. Seattle, Wash.
  7. Bellevue, Wash.
  8. Carrollton, Texas
  9. Nashville, Tenn.
  10. Denver, Colo.

The indicators applied in the ranking included average days on market, median home price appreciation, the share of homes selling for a gain, and the share of underwater homes.

Five of the top 10 markets are in Texas, which also dominates as the state home to four of the top five in the ranking. No. 1 Frisco boasts the second-lowest home maintenance costs of the 300 markets evaluated, while No. 3 Allen has the third-lowest and No. 4 Cary has the fourth-lowest. No. 6 Seattle is tied for first for the lowest average days on market, while No. 7 Bellevue has the fourth-lowest foreclosure rate.

View the complete ranking and methodology.

Source: WalletHub

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

The post WalletHub: 10 Best Housing Markets appeared first on RISMedia.

Categories: Real Estate

Research: Gardening Knows No Borders

RisMedia Consumer News - September 1, 2017 - 10:00pm

Homeowners the world over get down and dirty in the garden, according to recently released findings by market researcher GfK, with outdoor grooming most common Down Under. Forty-five percent of Australians spend time in the garden daily or weekly—the most of the 17 countries surveyed. Gardening is also popular in China, Mexico, the U.S. and Germany, where one-third or more of those surveyed get out in the yard daily or weekly.

Green-thumbing is a chore in some countries, however, especially in Argentina, Japan, Russia, Spain and South Korea, where most of those surveyed do not garden at all.

Twenty-four percent of survey respondents across all the countries surveyed garden at least once per week, while 7 percent garden “every day” or “most days.” Thirty-six percent of those aged 60 or older garden daily or weekly—on par with the 35 percent of those in their 30s who do the same.

Unsurprisingly, homeowners are twice as likely to garden daily or weekly than renters.

Source: GfK

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

The post Research: Gardening Knows No Borders appeared first on RISMedia.

Categories: Real Estate

14 Times Pop Culture Predicted Future Technology

RisMedia Consumer News - August 31, 2017 - 2:17pm

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

When the film-makers of yesteryear contemplated the future, it didn’t look like a very happy place—and not much has changed. You don’t need to look much further than the dystopian dramas that Hollywood is so fond of producing. But while sci-fi movies rarely predicted the nature of society, they did happen to predict a few items of futuristic technology. Did you know that 3D printing, the Roomba and Siri were all predicted by movies and television shows decades before they existed?

So the next time you scoff at a Hollywood blockbuster for being too far-fetched, take a minute to ask yourself if your grandfather would have believed that he would see a flying car in his lifetime. In the meantime, check out this visual guide which explores the 14 times pop culture accurately predicted the future!

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

The post 14 Times Pop Culture Predicted Future Technology appeared first on RISMedia.

Categories: Real Estate

The REALTORS® Among Harvey’s Heroes

NAR Daily News Magazine - August 30, 2017 - 11:00pm

Meet the real estate professionals who have sprung into action—and, in some cases, risked their own lives—to help rescue flood victims...

Categories: Real Estate

HUD to Make Reverse Mortgages Tougher

NAR Daily News Magazine - August 30, 2017 - 11:00pm

The Department of Housing and Urban Development says it’s planning to raise premiums and tighten loan limits for seniors who use reverse...

Categories: Real Estate

5 Home Maintenance Tips for Fall

NAR Daily News Magazine - August 30, 2017 - 11:00pm

Your clients may be able to shave up to 30 percent off their energy bills this fall by following these suggestions in preparation for colder...

Categories: Real Estate

Mortgage Rates Hit New Yearly Lows

NAR Daily News Magazine - August 30, 2017 - 11:00pm

The 30-year fixed-rate mortgage dropped four basis points this week, reaching a new year-to-date low for the second consecutive week.

Categories: Real Estate

Realty ONE Leads in Per-Person Productivity

NAR Daily News Magazine - August 30, 2017 - 11:00pm

The Irvine, Calif.-based brokerage made serious headway on the 2017 REAL Trends 500 report. Find out how it and other companies performed.

Categories: Real Estate

Agents Use Eateries to Make Buyers Hungry

NAR Daily News Magazine - August 30, 2017 - 11:00pm

Real estate pros are finding that nearby restaurants can be strong motivators for your clients.

Categories: Real Estate