Home buyers will have a harder time finding a big yard, as lot sizes remain near record lows, according to the U.S. Census Bureau. Among sold properties in 2017, the median lot size for a new, detached single-family home was one-fifth of an acre, or 8,560 square feet. Median lot sizes fell below 8,600 square feet in 2015 for the first time since the bureau started recording such data.Lot sizes vary regionally, and the nation's largest tend to be
A sprawling family estate in Manalapan, Fla., has seen a price reduction of $57 million in the last year and is now listed for $138 million. And a home originally listed for a whopping $250 million in Bel Air, Calif.—the nation’s most expensive property at the time—was marked down $62 million in April and is now listed for $188 million.These are two examples pointing to a larger trend of mega price reductions in the ultraluxury real estate
New mortgages are being approved with lower credit scores, and FHA loans appear to be leading the shift, according to studies by credit developer FICO and other entities. “As we get further away from the Great Recession, underwriting criteria seems to have eased, and a broader section of consumers are obtaining mortgages as a result,” according to FICO’s report.New loans for borrowers with FICO scores reaching as low as the 400s jumped from
Real estate signs say more about you and your residential or commercial business than they do about the properties you’re advertising. That’s why Katie Lundin, a customer support specialist with crowdspring, a marketplace for crowdsourced logo, web, graphic, and product design, has four best practices for creating custom real estate signs that raise awareness about your brand and start a conversation with your potential clients.1. Real estat
Tom Ferry digs into what holds most people back from taking actionLet me ask you a few questions:Do you identify yourself as someone who:…delivers value?…is wealthy?…is healthy?…is ambitious?We all have thoughts about ourselves that run the gamut from positive to negative. I’m sure some of these sound familiar – traits we’re proud of, skills we possess, insecurities we obsess over, deficiencies we worry about, etc.When you add all o
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit iprore.com for the latest information and links.Click here for information on becoming a salesperson.
The jump in home prices has prompted the cost of homeownership to outpace that of renting in more places across the country. The monthly costs of owning a home have increased by 14 percent over the past year—more than three times the 4 percent increase in monthly rental costs, according to a new analysis by realtor.com®.Only 41 percent of the U.S. population now lives in a county where a median-income household can afford to buy a home at the
A federal judge ruled on Thursday that federal aid to house more than 1,000 Puerto Rican families who fled to the mainland U.S. after Hurricane Maria must end in two weeks. The families have been living in U.S.-funded housing in hotels and motels across the country since leaving Puerto Rico following the storm September 20, 2017. Hurricane Maria caused massive destruction to the island, killing nearly 3,000 people, destroying homes and businesses
Mortgage rates haven’t been this stable since the fall of 2016. Rates did inch up this week, but only slightly and are still offering prospective buyers a window of opportunity, says Sam Khater, Freddie Mac’s chief economist.“The 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat,” says Khater. “While sales and price growth have softened these last few months, this leveling of r
About AlexWith over twenty years in the industry, along with his extensive local knowledge and global connections, Alex draws upon his expertise in the fields of real estate, international relocation, referral management, along with his integrity and discretion, attention to detail, marketing savvy, creative negotiating strategies and exceptional service to achieve impressive success for buyers and sellers alike. Keeping a close eye on the trends
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