You can’t build a relationship with generic marketing materialsWe live in a world driven by data: you can use facial recognition to open your phone, fingerprints to make payments, and numerous apps track what you do, where you go and what you buy. Top performing companies are using this valuable data to track our lifestyles, buying habits, and much more with the intent of positioning their products in front of you. How are you using today’s t
Home buyers should expect to pay about $168 extra per month for their mortgage this year due to higher home prices and interest rates over the past 12 months, according to a new analysis by realtor.com®. The figure is based on the purchase of a $274,900 home, the median list price.The average monthly mortgage is now $1,486, up from $1,318 in February 2017, according to realtor.com®.But location can have a big impact. For example, Seattle buyer
Homeowners who want to increase their property’s value don’t necessarily have to start knocking down walls or adding extra rooms. In fact, a coat of paint can go a long way toward enhancing the look of a space. Modern Garden Rooms offers the following infographic that shows numerous ways you can add value to a property.Source: Modern Garden Rooms
Setting a list price is potentially one of the sharpest thorns in the agent-client relationship. Many sellers believe they know better what their home is worth, and it may be difficult to convince your client to trust your professional opinion. And the internet doesn’t make this process easier.Sellers often consult online automated valuation models, or AVMs, such as Zillow’s “Zestimate,” to get a scope of what their property is worth. But
Toys ‘R’ Us recently announced its plan to close or sell more than 800 of its stores across the country, and some commercial real estate experts are concerned about the hundreds of empty storefronts that will be left behind. Some landlords are already scrambling to find replacements.Many Toys ‘R’ Us and Babies ‘R’ Us locations are between 40,000 to 65,000 square feet. This is “problematic as the list of retailers seeking that
The U.S. Department of Labor’s proposed rule expanding the use of association health plans is a step in the right direction, but more work must be done to refine the plan before making health insurance options available through AHPs, a prominent REALTOR® testified Wednesday on Capitol Hill.Michael McGrew, right, a former NAR treasurer, meets with Rep. Tim Walberg (R-MI), chairman of the House Education and the Workforce Subcommittee on Health
“Adulting” is getting harder for younger generations, which is stymieing the housing market from reaching its full potential, according to Freddie Mac’s latest March Insight report. The report compares young adults to previous generations and the impact to household growth.“For today’s young adults, ‘adulting’ is hard because the economic environment has been tough in recent years; wage growth has been weak and housing costs have
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Fewer new homes were in the pipeline in February, as housing starts for combined multifamily and single-family homes plunged 7 percent month over month, the U.S. Commerce Department reports. Housing production for the month was at a seasonally adjusted annual rate of 1.24 million units.“The fall in housing starts in February is a movement in the wrong direction,” says Lawrence Yun, chief economist for the National Association of REALTORS®.
For your clients who enjoy the perks of small-town living, realtor.com® researchers have identified the best places to call home—and the Midwest reigns supreme. Realtor.com® came up with its 2018 list of most affordable small towns by factoring in the cost of housing, employment, and safety.Millennials have love for small towns, with about 21 percent of home buyers ages 37 or younger purchasing a home in a small town compared to 16 percent
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