About 100 cities across the country have submitted their final bids to be the home of Amazon’s second headquarters, known as HQ2, as municipal leaders argued for why their community is the best pick. However, it won’t be all good news for the metro Amazon ultimately selects in 2018, especially when it comes to housing. HQ2 will bring with it up to 50,000 new jobs, which will undoubtedly put greater upward pressure on already sky-high rents
Projections for next year’s housing market are already underway, as 2018 could be seeing significantly more home renovations and repairs taking place.A report released today from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University predicts a growing momentum in 2018 for money spent on remodeling homes. The Leading Indicator of Remodeling Activity finds annual gains in home renovation spending will surge
Higher home prices and a tight supply of homes for sale may be the mantra nationwide. But certain markets are still offering lucrative options for investors.Real estate sales and auction company TenX released its top picks for investors and Texas had the most markets on its list, scoring three out of the top five. Texas continues to post strong growth in employment and home construction. San Antonio topped TenX’s list for best places for inves
Fewer new homes are in the works, and economists say recent hurricanes that struck the South brought down the latest numbers.Housing starts dropped 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, the Commerce Department reported this week. Broken out, single-family production fell 4.6 percent month over month to 829,000 units, with the bulk of the decline occurring in the hurricane-ravaged South. The South pos
The ability to network and be a people person may be your biggest ally toward building a strong real estate career. REALTORS® identified strong people skills as the most important trait to being successful in residential sales, according to the National Association of REALTORS®’ newly released report, “Choosing a Career in Real Estate: A Perspective on Gender, Race, and Ethnicity.” Self-motivation and negotiation skills also ranked amon
For the second consecutive year, Watauga, Texas, is the hottest ZIP code in the U.S., according to realtor.com®’s 2017 Hottest ZIP Codes list. Livonia, Mich., and Kentwood, Mich., landed second and third, respectively, on the annual list.Realtor.com® analyzed 32,000 ZIP codes based on factors like the time it takes properties to sell and how frequently homes are viewed in each ZIP code. The markets on this year’s top 10 list are seeing home
Baby boomers looking to retire, downsize, or cash in are growing concerned that they’ll be unable to sell their big suburban homes as the younger generation shows different preferences in homes.First-time home buyers are “hungry for starter homes and efficient layouts,” says Javier Vivas, manager of economic research at realtor.com®.Large single-family homes are lingering on the market. Realtor.com® defines “large single-family homes”
A senior homeowner and her son were found dead last week by an agent who entered the house to preview it.Residents Margaret Montgomery Gibson, 86, and Eric Dana Gibson, 53, a mother and son, were found by an agent who called 911, according to WRAL-TV news.In the released 911 call, the unidentified real estate professional tells police, "I just walked in this house to preview it for a client and there's a dead person in the bathroom. There's bloo
A slight decrease in mortgage rates brought refinancers and home shoppers back to lenders last week.Total mortgage application volume for refinancings and home purchases rose 3.6 percent week-over-week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. However, the volume still is nearly 19 percent below the same week a year ago. Interest rates were lower a year ago.Home purchase applications increased 4 percent
Airbnb, a short-term rental startup, plans to overcome its disputes with cities over short-term leasing by building its own apartment buildings.The company plans to build a 324-unit apartment building near Walt Disney World Resorts in Kissimmee, Fla., and says it plans to build more in the near future.The first building in Florida will be called Niido Powered by Airbnb and will open in early 2018.Tenants will be able to rent out their units for u
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