Media reports are increasingly focused on whether a major home sale slowdown, or maybe even a crash, is in the making, in part because many hot housing markets are seeing slackening buyer demand, and nationally 2018 is expected to end with fewer home sales than 2017. But the possibility of a crash is unlikely, says Lawrence Yun, chief economist for the National Association of REALTORS®.In a piece he contributed to Forbes, Yun says hot markets
Your most eager customers for homeownership are likely young adult renters at the moment, but reality bites as they try to shop for a home. Young millennial renters (those under the age of 29) are significantly more likely to want to buy a home in the next 12 months than older millennials or Generation X renters. However, affordability from rising home prices is proving a major barrier, according to a new study released by CoreLogic and RTI Resea
Evite, a popular email invitation service, launched a new set of customizable invitations that are geared specifically to real estate professionals who are planning their next open house or professional event.The company offers numerous invitation choices, several that are free on its platform to create and other selections that are part of their paid premium selections. The choices include Evites for open houses, just listed, and housewarming
Homeowners who love supersized homes may want to head to Scranton, Pa. Realtor.com® ranks Scranton as the top city to find the biggest bargains on big homes in the country.Nationwide, a home of over 3,000 square feet will cost $589,700, or about $147 per square foot, according to realtor.com®. In Scranton, however, the median list price of a home over 3,000 square feet is $379,900, or $94.99 per square foot.Realtor.com® researchers analyzed li
United Wholesale Mortgage, one of the country’s highest-volume lenders, is allowing borrowers an escrow-free option with their mortgage, at no extra charge. Even borrowers with less-than-perfect credit histories or who made small down payments may be eligible to bypass having an escrow account with the bank.Escrow accounts are typically required with banks for conventional home mortgages. They require borrowers to deposit money in advance for a
Apartment rents climbed in 88 percent of the 250 largest U.S. cities, with the national average rent reaching an all-time high in July, RentCafe reports. Seasonal demand and a rise in rental activity have offset a wave of new apartments that have opened up this year, the national rental listing service notes.The national average rent climbed to a record high of $1,409 in July, up 2.8 percent year over year.The largest apartment rental increases w
Summer can be a popular time to remodel a home. Calling in the professionals may help ensure the job is done right and satisfactorily to help boost a home value, too. For homeowners looking to spruce up their digs, Rae Duncan of Rae Duncan Interior Design in Chicago offers some of the following tips to help buyers and sellers choose the right interior decorator and contractor:1. Sellers should choose a designer who not only can aid the inside of
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Where are the best neighborhoods for buyers and investors? ATTOM Data Solutions ranked more than 10,000 neighborhood housing markets nationwide using the letter grades A through F. The real estate data firm factored in six metrics: affordability, home price appreciation, school scores, crime rates, unemployment rates, and property taxes.ATTOM broke down the common housing characteristics and trends among each grade.The top five neighborhood
The construction cranes dotting the skylines of major North American cities are largely working on residential projects, according to the July 2018 Crane Index report by Rider Levett Bucknall, the international property and construction consultancy. The data released this week also shows the national tower crane tally is climbing. There were 423 construction cranes counted in July 2018, a more than 10 percent increase from to the 383 cranes cou
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