After a brief slowdown in the growth of rental prices, they were back on the rise last month, with the national average rent soaring to an all-time high, RentCafé reports. In June, actual rents in the 250 largest U.S. cities rose 2.9 percent and reached an all-time high of $1,405. Renters, on average, are paying $40 more per month than they did a year ago. Renters in Orlando, Fla., saw one of the largest year-over-year increases, at 8.4 percent.
Waterfront property is a hot commodity, but finding an affordable place with a view can prove challenging. “If you want to be on a larger body of water, you’re typically going to pay more. ... You’ll have more fishing opportunities, boating opportunities, and recreational [and dining] opportunities,” Jim Billig, president of Sportman’s Connection, told realtor.com®. “The smaller lakes ... are going to be more affordable."Realtor.com
Plus 5 questions to capitalize on your visitors and capture more leadsWhen holding an Open House, most agents operate by one of two approaches: Hoping and praying to the real estate gods that people show up to your Open House, or… Holding a Mega Open House!I’m sharing five of my best tips on how to drive tons of traffic to your Open House plus five more on how to convert those visitors into buyers and sellers.These strategies are designed to
Will technology change the entire relationship consumers have with real estate professionals?Agents need to adapt, but their value remains critical to the transactionIt’s no secret: money talks. And the money being poured into alternative technologies and business models in efforts to upend traditional real estate transactions is now too much of a deluge to ignore.For example, many see Opendoor’s recent $300 million funding round as its offic
A family in France will soon be the first in the world to move into a house completely printed and constructed from a 3D printer. The four-bedroom home in Nantes, France, sits at 1,022 square feet, and is a collaboration between the city council, a housing association, and the University of Nantes. Francky Trichet, the council lead on technology and innovation, says he believes the 3D-printed home process will disrupt the construction industry an
A shortage of homes for sale and tough competition from other prospects may be prompting more buyers to suffer from remorse post-purchase, according to the latest ValueInsured Modern Homebuyer Survey.Sixty-two percent of Americans believe people who buy a home now will have remorse about the purchase within a year due to the cost, according to the survey.“Home payments in some areas are swallowing up 45 percent of local median income,” Val
A judge granted a temporary extension to prevent the evictions of Puerto Ricans who fled to the mainland following Hurricane Maria. About 1,700 Puerto Ricans evacuees were granted a 20-day extension, a federal judge ruled this week. Originally, the families were set to be evicted June 30, before U.S. District Judge Timothy Hillman of Massachusetts extended FEMA’s Temporary Shelter Assistance to last until July 23.However, the 20-day extension i
Mortgage rates were back down across the board again this week, offering some temporary relief to home buyers. Rates posted a rapid increase throughout most of the spring but have recently reversed course, declining in five of the past six weeks. The 30-year fixed-rate mortgage is now at its lowest average since April.“The run-up in mortgage rates earlier this year represented not just a rise in risk-free borrowing costs, but for investors, the
More real estate transactions are reportedly tying in a “bump clause” to give sellers some assurance that they are receiving the best offer. A bump clause allows sellers to enter into a contract with a buyer but continue to market the property. If the seller then receives a better offer, they can bump the original buyer to get them to waive their contingency or offer more.The bump clauses are usually used when a contingency is involved in the
Homeowners in some affluent neighborhoods across the country are lobbying city and state representatives to fight against noise from overhead planes that fly over their communities since new flight routes were recently implemented. Owners are posting signs in their yards and have even developed technology to make filing complaints as easy as the press of a button.In 2013, the Federal Aviation Administration’s Next Generation Air Transportation
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