Appreciation Linked to Population Rise
Appreciation and demand go hand in hand, and for investors, both are key to profit, according to a new report. Assessing the association between growing interest and mounting prices, analysts at HouseCanary found that appreciation is higher where inbound migration numbers are swelling. Boise, Idaho, for example, has had a high influx of new residents, […]
Hawaii Volcano Victims Can Get Relief on Mortgage Payments
(TNS)—If you live in an area of Hawaii that’s been impacted by the Kilauea volcano eruption, your mortgage lender may offer you relief. The eruption has destroyed 26 homes (at press time), and more homes are still at risk. Wells Fargo and Bank of Hawaii have implemented disaster relief policies for those affected by Kilauea. […]
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Midyear Update: Flat Forecast for Home Sales This Year
For the foreseeable future, the housing market will be plagued by scarce supply, according to presenters at the 2018 REALTORS® Legislative Meetings & Trade Expo, held recently in Washington, D.C. With the economy and employment encouraging growth, home sales will be subdued, though still on an uphill track, according to National Association of REALTORS® (NAR) […]
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For Buyers, Credit Matters—but How Much?
Borrowers not as creditworthy as others often have higher mortgage payments; in fact, according to an analysis recently released by Zillow, the average borrower categorized with credit as “fair” can be on the hook for $21,000 more than a borrower with an “excellent” score. Here’s how: Borrower A has a credit score that’s stellar (“excellent”), […]
How Can Brokers Lead the Effort to Increase Listings, Boost Inventory?
According to RISMedia’s 2018 Power Broker Report & Survey, 71 percent of Power Brokers are being challenged the most by inventory shortages. This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses how to address the issue, and offers up steps and solutions. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; […]
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Amazon Experience Centers Look to Transform Smart-Home Shopping
Amazon is making moves yet again. As a way to market its smart-home business segment without having to invest in conventional store locations, the online marketplace giant has partnered with Lennar Corporation to provide connectivity demos of Alexa-enabled products—everything from video doorbells and smart shades to lighting and scheduled deliveries—within the homebuilder’s model homes, calling these […]
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Is Net Neutrality on the Path to Reinstatement?
In an action arguably more emblematic than impactful, the Senate voted on Wednesday to overturn the repeal of net neutrality, with the goal of reinstating rules that ban internet service providers (ISPs) from blocking or slowing traffic on the web. Led by Sen. Ed Markey (D-Mass.), the measure passed in a 52-47 vote, and now […]
Discovering and Creating the Missing Piece for Success
When I founded Realty ONE Group, I did it with the intent of fulfilling the missing piece that’s pivotal to the overall success of an agent: 100 percent, unabashed support from non-competing brokers who will serve as mentors to their agents. In my first year as a real estate agent, I closed over 100 transactions […]
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April Housing Starts Tumble
April home-building was in the red, with housing starts tumbling 3.7 percent to 1.34 million—but, single-family starts were up, 0.1 percent to 894,000, according to the Commerce Department. Multifamily starts (five units or more) came in at 374,000. Additionally, approvals for builds fell, 1.8 percent from March to 1.35 million permits; however, approvals for single-family […]
Commemorate the Fair Housing Act at RLMTE
NAR PULSE—Pledge your commitment to Fair Housing at the 2018 REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., May 14-19 by signing the display in the lobby of the Marriott Wardman Park Hotel. After pledging your commitment, visit NAR Booth No. 1707 on May 16-17 to pick up a 50th Anniversary Fair Housing Act […]