Millennials aren’t turned off by home improvement projects. They are more likely than any other generation to remodel any part of their home, according to a HomeAdvisor’s 2018 True Cost Survey. Millennials are twice as likely as baby boomers to complete bathroom and kitchen remodeling projects. They are also more likely to build a deck or porch and paint a home’s exterior than other generations too.Millennials, those born between 1980 an
Cities with the highest proportion of non–owner-occupied properties are most likely to be found in the South or West, according to a new analysis from the online lender LendingTree.“Southern cities may be attracting investors due to low prices and growing populations,” the report notes. Also, some “residents in Southern cities may not be able to access homeownership due to lower median salaries, creating a ready pool of renters.”The rep
Many homebuyers face a tough decision: To live in the city or commute from the suburbs. In some city centers, the cost of living is actually not as high as the outlying metro area, while in other cities homeowners will find more purchasing power in the metro area.SmartAsset, a personal financing resource, broke down the costs of commutes near major hubs to find the areas where it pays off the most to commute. The survey compared metro areas acros
The recent drop in interest rates appears to be short-lived. Mortgage rates inched higher last week, prompting loan demand to soften.Total mortgage application volume, which includes home purchases and refinancings, dropped 1.5 percent last week compared to the previous week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Applications are now 15.4 percent lower than a year ago.Refinance volume, which tends to
Social listening is sometimes confused with social monitoring. They sound similar, but understanding the difference may help you build and strengthen your brand’s reputation online.According to the social analytics firm Netbase, 42 percent of business complaints lodged by customers in the U.S. are done so on a public website like social media sites and review-based websites. Additionally, 82 percent of customers say they’ve stopped doing bus
Fewer homeowners are falling behind on their mortgage payments. Only 4.3 percent of mortgages in March were in some stage of delinquency (30 days or more past due, including those in foreclosure), according to the Loan Performance Insights Report, released Tuesday by CoreLogic. The March foreclosure inventory rate—which reflects the share of mortgages in some stage of the foreclosure process—was 0.6 percent, which is the lowest rate of that m
With homeownership comes a neighborhood, oftentimes including some surrounding neighbors. There are lots of things neighbors can do to tick off those living nearby, and it’s not always noise related. According to a new survey of 1,010 Americans conducted by Porch.com, the top neighbor complaint is intruding on the privacy of others.“Nosy neighbors were the absolute worst of all, whether that included overly talkative meetings at the mailbox
According to a new study, more than half of Americans who have or plan to purchase a home admit they’re concerned about the ability to afford a home in the current market. The study is based on a survey of 1,000 consumers and was released by national online lender Laurel Road. One of the biggest barriers to affordability, respondents said, is the down payment.Nearly half—or 46 percent—of Americans say they are unfamiliar with alternative d
Federal authorities announced Monday that an investigation resulted in 74 arrests of people in the U.S. and overseas who allegedly took part in schemes to intercept wire transfers from businesses and individuals, including in real estate transactions. Federal authorities seized nearly $2.4 million and recovered about $14 million in fraudulent wire transfers.The arrests were made as part of a six-month investigation, dubbed Operation Wire Wire, th
Texas real estate pro Ben Caballero is making headlines again by topping his previous sales record in 2016 with a new world record of $1.9 billion in home sales in 2017, according to an announcement on Monday.Caballero sold 4,799 homes last year, which totaled $1.906 billion. Caballero is a real estate professional with HomesUSA.com in Addison, Texas. In 2016, his $1.444 billion in sales among 3,556 homes landed him the title as real estate’s
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