Nearly 38 percent of real estate agents have admitted to fearing for their personal safety on the job at some point. For female agents, the number is closer to half, according to the National Association of REALTORS®’ 2017 Member Safety Report.And now agents say they’re seeing a new danger emerge from drug addicts.CNBC reports: “The nation’s opioid crisis has put some real estate agents, especially those who represent higher-end propert
A rising homeownership rate could threaten the multifamily sector.The apartment market is showing signs of slowing—very subtly—as the homeownership rate ticks up. The homeownership rate in the third quarter rose to 63.9 percent. Even a one-percentage point increase in the homeownership rate could subtract about 800,000 rental units from net absorption, says Michael Cohen, CoStar direct of advisory services, in presenting the Multifamily Marke
Mortgage rates mostly held steady this week after posting a sizable jump last week.“Following a strong surge last week, rates held relatively flat this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate remained unchanged at 3.94 percent, while the 10-year Treasury yield dipped roughly 4 basis points. The markets’ reaction to the upcoming announcement of the next Fed chair may impact the movement of rat
Police arrested a Las Vegas man after he attacked a real estate agent who had confronted him about squatting on a property.Police responded to a report of a potential burglary on Oct. 13. The people in the home provided a fake lease to police and were ordered to leave the home. The police were called back to the property later in the day when neighbors reported that a man was attacking a real estate agent outside of the home.The real estate agent
Constrained inventories are pushing up home prices at a rapid pace in nearly all major metro areas in the third quarter, the National Association of REALTORS® reported Thursday.The national median existing single-family home price in the third quarter was $254,000, up 5.3 percent from the median a year ago of $241,300.Single-family home prices rose in 92 percent of the 177 measured markets last quarter, NAR reported. Nineteen metros saw double-d
As more builders face labor shortages, they’re starting to look for new and faster ways to train more workers.For example, the Colorado Homebuilding Academy, a nonprofit organization, opened this year to offer a free eight-week “boot camp” to help increase the builder labor force. The course is founded and funded by Oakwood Homes, a homebuilder based in Denver that is owned by Berkshire Hathaway."Every single year, the labor situation has b
More Americans are flocking to southern states with Florida and Texas topping the list of where they’re most likely to move to, according to a new analysis by LendingTree. LendingTree looked at where residents in each state are looking to move by reviewing purchase mortgage loan requests for primary residents in all 50 states from October 2016 to October 2017.Florida is the number-one destination of movers in 18 of the 50 states, according to t
Homeowners should not become overconfident in a seller’s market, or they might end up sabotaging their sale. Realtor.com® recently featured common home seller negotiation tactics that can backfire, including:Starting a bidding war.“If mishandled, people may assume the worst, and the best offer may walk away,” Sep Niakan, broker-owner at HB Roswell Realty in Miami, told realtor.com®. For example, bidding war problems can surface when fai
Single women are making up a bigger share of sales. Single females comprised 18 percent of sales this year, which matches the highest share since 2011, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers.Single women were the second most common household buyer type, behind married couples at 65 percent.Single women tend to purchase slightly pricier homes than single men, despite earning less, according
Homeowners continue to delay moving, as the typical seller in 2017 had stayed in his or her home for 10 years before selling—a tie for the record tenure set in 2014, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers. Homeowner tenure has steadily increased since 2009, when sellers typically lived in their home for a median of six years before selling.Economists speculate that low inventory and soari
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