Young adult home buyers aren’t afraid to buy a home in need of some major TLC. Sixty-seven percent of millennial home shoppers who participated in a recent Clever Real Estate survey of 1,000 U.S. residents in the market for a home said they would put in an offer on a property in need of major repairs.Millennial home buyers are taking a long-term view when buying, the Clever Real Estate survey found. They also tend to value safe neighborhoo
It could be a home buyer’s worst nightmare: They purchase a new property only to discover later it is contaminated with methamphetamine, which is linked to health problems and can be very costly to eliminate.In more than half of states, home sellers are required to disclose whether to the best of their knowledge a property has ever been used as a meth lab. But many laws stop short of letting buyers know if meth was ever smoked inside the proper
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National Association of REALTORS® Senior Vice President of Government Affairs Shannon McGahn said a deal reached between President Donald Trump and congressional leaders to reopen the federal government for 21 days while they negotiate a long-term funding agreement is a welcomed development.“Although the direct impact on real estate markets has so far been limited, the broader economic impacts of the shutdown, if it persists, will be very dama
Moving may help homeowners see higher profits from the sale of their property, suggests a new study that links homeowners’ tenure in their homes to price appreciation. Cities where residents live in their homes for the shortest amount of time tend to see more than double the appreciation experienced by homeowners who stay put the longest, a new study from LendingTree finds.The study from LendingTree ranks cities by how long homeowners have live
Mortgage rates have mostly stabilized this month and are now essentially at the same point they were last spring, but that hasn't yet given a boost to home sales, which declined over the same period.“Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months,” says Sam
Your buyers may say they want a “modern” or “contemporary” home, but those two words are not interchangeable. So, what do they really mean?Modern and contemporary styles do share many of the same traits, but they are two distinct styles. And they often get confused, according to an article by Marvin Windows and Doors that sets out to clarify the two styles.Contemporary tends to refer to architecture of today and, as such, it is constantly
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An estimated tens of thousands of loans and mortgages have had private data compromised online, according to an investigation from a security researcher and TechCrunch. The sensitive information that was found mostly dated back to 2008 and included loans from banks like Wells Fargo and Citigroup, among others.The banks are reportedly in the process of trying to identify the customers affected and inform them of any possible account hack
A hedge fund billionaire is on a real estate purchasing spree. Ken Griffin, founder and CEO of Citadel, purchased the most expensive home ever sold in the U.S.—a New York penthouse overlooking Central Park—for $238 million. Griffin’s latest purchase solidifies his love for real estate, adding to his other $700 million in global real estate purchases. Griffin is becoming known for his real estate record deals—he has also purchased the
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