Young adult home buyers aren’t afraid to buy a home in need of some major TLC. Sixty-seven percent of millennial home shoppers who participated in a recent Clever Real Estate survey of 1,000 U.S. residents in the market for a home said they would put in an offer on a property in need of major repairs.Millennial home buyers are taking a long-term view when buying, the Clever Real Estate survey found. They also tend to value safe neighborhoo
It could be a home buyer’s worst nightmare: They purchase a new property only to discover later it is contaminated with methamphetamine, which is linked to health problems and can be very costly to eliminate.In more than half of states, home sellers are required to disclose whether to the best of their knowledge a property has ever been used as a meth lab. But many laws stop short of letting buyers know if meth was ever smoked inside the proper
You may not be happy with an unfair online review you received that you feel is damaging your business. But you may have little recourse in court to have it removed if the online site chooses not to. The U.S. Supreme Court has refused to hear a case against the online reviewing site Yelp. The case involved Yelp’s refusal to remove allegedly defamatory reviews from its website, stemming from a 2016 defamation lawsuit.In the lawsuit, attorney Daw
Which states are growing the fastest and adding new residents? Idaho and Nevada once again lead the states in population growth rates, according to the latest U.S. Census Bureau figures. Demographic changes can be key to projecting future housing needs, the National Association of Home Builders explained on its Eye On Housing blog post analyzing the census numbers.Between July 1, 2017, to July 1, 2018, Nevada posted a population growth rate of 2.
Email scams are common, such as fake messages that tell you to reset your password, spam, and phishing attempts that try to winnow their way into your real estate transactions. How good are you at telling a phishing email from a real one?Google subsidiary Jigsaw is trying to educate internet users on how to spot fraudulent emails with a quiz. The quiz gives you eight email examples and allows you to choose between “legitimate” and “phi
Investors are shifting their strategies to focus on new development due to an increase in competition from a tight supply of housing inventory in many markets, the National Real Estate Investor reports.They’re eyeing build-to-rent strategies in markets where building and land costs are lower and where there is more entry-level home building, such as in Atlanta; Charlotte, N.C.; Phoenix; and some areas of Texas.“What you’re seeing now is the
A surge in retirees is coming, but where will they decide to live? Nearly 1.2 million people 55 or older relocated out of state last year, which was a record high.“Baby boomers are so hard to pin down,” Rodney Harrell, director with the AARP Public Policy Institute, told realtor.com®. “There are so many of them, and they’re choosing a wider range of options than previous generations. … There’s no one size fits all.”Researchers at r
Microsoft has announced it is committing $500 million to advance affordable housing solutions in the booming Seattle area, where its headquarters are located.Microsoft first made the Seattle area’s Puget Sound region its home in 1979. Since then, as Microsoft became one of the world's leading software companies, the city has seen explosive growth. But the housing market has failed to keep up.Since 2011, jobs in the region have increas
Two cats in Silicon Valley are the pampered renters and sole occupiers of a $1,500 per month studio.The landlord says the cats haven’t made much fuss, keep to themselves, lounge around in a cat tree most of the day, and always pay their rent on time—the prrrrfect tenants, you might say.“It’s quirky isn’t it?” landlord David Callisch told CBS San Francisco (KPIX). “People love their pets, they’re part of their family.”The father
Investors who were planning to move quickly in the new year to take advantage of opportunity-zone tax incentives are putting on the brakes. They’re waiting for the U.S. Treasury Department to finalize guidance on precisely how the tax benefit will work before they proceed, and a timeline for that to happen has been thrown into doubt during the partial government shutdown, The Wall Street Journal reports.Opportunity-zone provision
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