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Rates Inch Up, Mortgage Applications Recede

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

All eyes are on the Fed today as it meets to vote on whether to raise its lending interest rate and how that could impact mortgage rates.

Categories: Real Estate

Markets With Highest Share of Investment Homes

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

Which cities are attracting the most attention from investors? You may be surprised.

Categories: Real Estate

Sotheby’s, Dow Jones Team for Luxury Magazine

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

The brokerage looks to connect with its luxury clientele via a magazine that speaks to their lifestyles and desires in homeownership.

Categories: Real Estate

Show Clients Neighborhoods Using Social Media

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

As your clients search for their new homes, they'll be exposed to new neighborhoods. Show them how to see what's happening around those...

Categories: Real Estate

Your Neighbors’ 10 Most Annoying Habits

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

What kinds of qualities should a good next-door neighbor have?

Categories: Real Estate

74 Arrested After Wire Fraud Investigation

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

Federal authorities nab alleged scammers, who are thought to have intercepted money transfers from businesses and individuals, including real...

Categories: Real Estate

With $1.9B in Sales, Agent Sets World Record

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

Texas real estate pro Ben Caballero, who earned the Guinness World Record in 2016 for an annual sales volume of $1.4 billion, beat his own record...

Categories: Real Estate

Half of Buyers Fret About Down Payments

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

A new study reveals that many consumers don’t understand their down payment options, and it’s causing them anxiety.

Categories: Real Estate

‘Social Listening’ Can Strengthen Your Brand

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

Understand how it differs from social monitoring and how doing both will help you build your virtual branding and reputation.

Categories: Real Estate

Mortgage Delinquencies Fall to 11-Year Low

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

Fewer homeowners are behind on their mortgage payments. See how delinquency rates are faring across the country.

Categories: Real Estate

Ask the Expert: What Do Buyers and Sellers Need to Be Aware of This Summer?

RisMedia - June 11, 2018 - 3:20pm

Today’s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors.

Q: As summer approaches, what do buyers and sellers need to be aware of?

A: With the summer season right around the corner, here are a few critical components that can’t be overlooked by buyers and sellers alike.

  • Insulation is often lacking in a home’s attic, leading to excessive heat loss or gain and high energy bills. Consult a professional to determine if more insulation should be added.
  • Soot builds up in chimneys quickly, which can lead to carbon monoxide poisoning, in addition to posing a fire hazard. A certified chimney sweep should be hired to routinely clean your chimney to prevent build-up.
  • Deterioration and rot can remove caulk and grout around a bathtub, which can cause leaks and lead to extensive damage to the surrounding walls. You can determine if there’s insufficient grout by checking between tiled enclosures for voids. Caulk integrity can be determined by gently pressing and checking for any sponginess, a sign of weakened integrity.
  • A loose toilet seat, while uncomfortable, may be a sign of a bigger issue. In fact, a seat that rocks could indicate that the seal at the base has failed, which can allow water to leak to the floor below, causing significant damage. If the seat feels loose, have the toilet inspected by a professional—and have the seal replaced if necessary.
  • The electrical outlets in our homes are sometimes incapable of handling the large number of gadgets we now throw at them. To prevent problems from overloaded outlets, consult a certified electrician to install additional outlets to handle the increased load.
  • Plants too close to a home’s siding can cause moisture damage and premature wear. Make sure to keep vegetation in control by keeping plants neat and trim.
  • Downspouts often release against walls, which can cause the foundation to deteriorate, causing water to enter the basement. Redirect these downspouts away from the structure.
  • Like chimneys, oven or range filters can become clogged, posing a major fire hazard. Check filters for built-up grease, and consult a professional to check the connections to determine if the model needs exterior exhaust.
  • Seals around kitchen and bathroom sink fixtures can become loose, leading to water damage in cabinets below. Visually examine seals and test them to see if they feel loose. If so, repair or replace them immediately.
  • Roofs don’t last forever. When purchasing a home, consult a professional home inspector to determine both the age and condition of the roof. Failure to do so may result in a significant amount of expensive damage to the home.

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

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The post Ask the Expert: What Do Buyers and Sellers Need to Be Aware of This Summer? appeared first on RISMedia.

Categories: Real Estate

That Frequent Flyer Seat May Be Easier to Book—Here’s Why

RisMedia Consumer News - June 11, 2018 - 3:15pm

(TNS)—Airlines are making it easier for frequent flyers to redeem their travel rewards, as major carriers work harder to keep their most loyal customers happy, according to a seat availability survey released recently.

American Airlines showed the biggest improvement, rising from the bottom of the pack to ninth in the annual survey, with members of its AAdvantage program able to book reward seats on more than 82 percent of flights, up nearly 28 percentage points from last year.

Overall reward availability for the 25 airlines surveyed increased to 73.6 percent, up 1.2 percentage points from last year.

“There is a recognition among the big airlines in the U.S. that there’s got to be a minimum amount of reward seats available, and you’re seeing them all kind of drift towards a band close to each other in the charts,” said Jay Sorensen, president of IdeaWorks, an airline consulting firm near Milwaukee, which conducts the annual survey.

Southwest Airlines repeated as frequent flyer champion, with 100 percent of seats available for booking through its Rapid Rewards program. The MileagePlus loyalty program at United Airlines ranked 12th at nearly 76 percent, up about 11 percentage points from last year.

The survey, sponsored by travel technology firm CarTrawler, was conducted in March and used 7,420 booking inquiries to assess reward availability for two passengers traveling from June through October. The maximum price for domestic travel was capped at 25,000 points or miles, depending on the loyalty program.

Frequent flyer programs have been around for decades, but the advent of credit card miles has increased traveler participation and competition among airlines in recent years. Sorensen said airline-associated credit cards account for more than 60 percent of reward miles accrued and represent an increasingly important revenue source for the airlines.

“When you are a cardholder who uses your charge card for everyday purchases, who buys tickets on the airline, you’re a really good customer because they are getting revenue from you from a variety of different sources,” Sorensen said. “Plus, you’re really engaged in a relationship with the company. You become tied through this net of accrual and flying the airline.”

Discount carriers such as Southwest and JetBlue, whose TrueBlue program ranked fourth at 94.3 percent, tend to make more seats available to frequent flyers than traditional carriers, the survey showed. But the huge gains by American represent the growing importance all airlines are placing on making loyalty rewards easier to access.

Josh Freed, a spokesman for American, said the carrier’s gains were part of a “long-running effort” to improve availability and catch up with its peers at United and Delta Air Lines, whose SkyMiles loyalty program ranked 13th in the latest survey with 72 percent reward seat availability.

“Our long-term goal is to be roughly comparable to the other big network airlines in terms of availability, and this is evidence that we’re making progress” Freed said.

A key change in the AAdvantage rewards program was opening up connecting flight availability, Freed said.

“That enabled people that don’t live in a hub city to have a better chance of getting the reward ticket that they are seeking,” he said.

©2018 Chicago Tribune
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www.chicagotribune.com
Distributed by Tribune Content Agency, LLC

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

The post That Frequent Flyer Seat May Be Easier to Book—Here’s Why appeared first on RISMedia.

Categories: Real Estate

Lawsuit Dismissed in Beverly Carter’s Death

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

An Arkansas judge ruled that a wrongful death lawsuit brought by Carter’s family against her brokerage, Crye-Leike, missed the statute of...

Categories: Real Estate

Yun: We’re in a ‘Bizarre’ Market

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

Though homebuying demand is hot, sales are sluggish. NAR’s chief economist explains why in his latest column for Forbes.com. 

Categories: Real Estate

Golf Course Closures Could Spur Construction

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

Hundreds of thousands of acres of land nationwide is available for redevelopment as clubs shut down amid waning interest in the sport.

Categories: Real Estate

Consumer Sentiment Breaks Record—Again

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

For the second consecutive month, a Fannie Mae survey measuring confidence in the housing market reached an all-time high. But attitudes about...

Categories: Real Estate

Realtor.com® Ranks Best Bargain Beach Towns

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

Many Americans may dream of living on the ocean, but the high price tag of many waterfront homes may be holding them back. Not in these beachside...

Categories: Real Estate

Despite Rising Prices, Negative Equity Persists

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

About 2.5 million homes nationwide are still considered underwater. View a chart that gives a state-by-state look at negative equity.

Categories: Real Estate

Is Break in Rate Hikes Significant to Buyers?

NAR Daily News Magazine - June 8, 2018 - 12:00am

Mortgage rates fell for the second consecutive week, but it may not offer much reprieve for borrowers who are struggling to keep up with higher...

Categories: Real Estate

Flips Hit 6-Year High, But Market Tightens

NAR Daily News Magazine - June 8, 2018 - 12:00am

More investors are looking to capitalize on the run-up in home prices, but increasing homebuying costs could eat into their profits.

Categories: Real Estate