Millennial buyers are more diverse and mobile than their predecessors, and expect real estate professionals to be totally tech-savvy, right? According to certain data points from the National Association of REALTORS®’ 2018 Home Buyer and Seller Generational Trends Report, that may not be universally true.The report, which is based on a survey NAR mailed out to a random, though geographically weighted, sample of 145,800 recent home buyers last
Seventy-four percent of contracts in the first month of the year contained settlement contingencies, according to the January 2018 REALTORS® Confidence Index survey, conducted by the National Association of REALTORS®.The monthly survey, based on responses from more than 3,500 REALTORS® about their latest transactions, examines what real estate pros are seeing most often in contracts. The most common contingencies are home inspection (58%),
About 70 percent of U.S. offices feature an open layout, but that isn’t what workers say they prefer, according to a new survey from Commercial Cafe. Instead, workers say their most ideal working space is a private office. Nearly 43 percent of more than 2,000 respondents surveyed say they prefer a private space, while an open-plan office was only desired by about 10 percent of respondents. Only 5 percent said they desired cubicles.While most wo
Consumers who’ve bought a home before know what they want the second time around, but some may be surprised to learn that the laundry room is ranked so highly. Seventy-two percent of second-time buyers called the room an essential home feature, the top ranked item in a new survey from the National Association of Home Builders. Here are the top 14 features ranked in order of importance: Laundry room Living room Walk-in closet in master bedroom 2
The National Association of REALTORS® has expressed support for the Economic Growth, Regulatory Relief and Consumer Protection Act, S. 2155, a banking reform bill the Senate plans to take up this week. The bill could open up more lending to households aspiring to become homeowners, NAR says.The bill balances consumer protections with changes that could make home lending more readily available to people who need it, including renters struggling t
In some markets, homes are selling at record speeds. Realtor.com®’s research team scoured the listing data to find which markets are seeing the quickest sales, based on the median number of days on the market.The number of days spent on the market is important for sellers and prospective buyers to know, says realtor.com®’s chief economist Danielle Hale.“That info can give home buyers an idea of how much competition they face, how limited
Could more future homes be 3-D printed? A San Francisco–based charity called New Story has partnered with construction technology company ICON to design a 3-D printer for building affordable homes across the globe in developing countries. The company is also showing off its 3-D construction progress in the U.S.The companies have a 350-square-foot home in Austin, Texas, which they are touting as the first 3-D printed house in the country that h
The happiest city in America is Fremont, Calif., according to a new analysis of more than 180 of the largest U.S. cities. WalletHub measured cities using 28 “happiness indicators,” including low divorce rates, amount of leisure time, income growth, low depression rates, and more.Why are residents so happy in Fremont? Researchers posit that the nearness to San Francisco and Silicon Valley may have something to do with that. Job opportunities a
The number of real estate transactions involving cryptocurrency—like bitcoin and ethereum—have been on the rise, but real estate brokerage Culture Estate in Scotch Plains, N.J., wants to take digital transactions one step further. One of its agents, Manuela Londono-Osorio, recently accepted her commission check from the brokerage in the form of cryptocurrency.Manuela Londono-OsorioBroker Luis Leiva with Culture Estate says this is just the ne
How to get out of your coma and supercharge your productionIt happens to the best of us. We have a goal of achieving something, and then some way, somehow, we find every excuse to not take action.Simply put, your behaviors are not aligned with your goals.And this, my friends, is the difference between the rich and the rest. Effort, ambition, desire, determination — whatever you call it, the answer to unlocking your full potential lies in answer
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