Sixty-one percent of U.S. adults believe home prices in their local area will rise over the next 12 months, the highest percentage since Gallup began collecting such data in 2005. That also marks a big difference between 2008 and 2012, when no more than one-third of Americans believed home prices would increase.Residents in the western region of the U.S. are the most optimistic, with nearly three-quarters of residents saying they expect price inc
The inventory squeeze has left home buyers with fewer options on the market than they've seen in decades. While that's bad news for them, the continuously high demand means it's one of the best times to be a seller—ever."I've been selling real estate for 25 years, and this is the strongest seller's market I have ever seen in my entire real estate career," David Fogg, a sales associate with Keller Williams Realty World Media Center in Burbank, C
You just landed a smaller-than-average listing. Now you have to figure out how to capitalize on the square footage to help the house stand out in your marketing. Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla., offers these three ideas that both agents and brokers can use to make a small home a hot sell. Identify the target market. There is a segment of buyers who are attracted to smaller homes. With millennials enteri
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A man in upstate New York posing as a registered architect allegedly duped businesses and municipalities out of more than $200,000 since 2010. New York Attorney General Eric T. Schneiderman said the scam was similar to a storyline that appeared on the hit 1990s TV show "Seinfeld."Paul J. Newman allegedly drafted architectural renderings for more than 100 commercial and residential properties in Albany, Rensselaer, and Saratoga counties. Newman is
Seven technology startups have been chosen to take part in the National Association of REALTORS®' REach accelerator program this year, which aims to offer the companies guidance on making a bigger footprint in the real estate industry. Second Century Ventures, NAR's strategic investment arm, selects early- to mid-stage companies each year to take part in the program and glean industry expertise and influence as they launch their products.Meet th
Mortgage rates have dropped below 4 percent for the first time since November, and home buyers likely will want to take advantage of the lower borrowing costs. The average 30-year fixed-rate mortgage fell to 3.97 percent for the week ending April 20, according to Freddie Mac's weekly mortgage market survey. "We are in the spring, and people are out looking to buy homes," says Len Kiefer, deputy chief economist at Freddie Mac. "These low rates are
For some buyers, the bathroom is a deal breaker. So if your listing includes these fading bathroom trends, you might have a harder time selling it.All-white bathrooms: They're tough to keep clean, so this trend is definitely reaching its end. "White tile and flooring can stain very easily, and any little mark glares at you from across the room, tainting the crisp, clean concept of an all-white look," says Tonya Bruin, CEO of Canada-based To Do-Do
The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae's Origination Insight Report. A year ago, the average closing time was 46 days. Broken out, loans to purchase a home took 43 days to close, and refinance loans took 43 days in March, down from 45 and 47 days, respectively, in February.The share of purchase loans last month rose to 63 percent of total origina
Forty-eight percent of homes sold in March were on the market for less than a month, according to housing data from the National Association of REALTORS®. The average for all sold properties, though, was a little higher, at 34 days. Still, that's down significantly from 47 days a year ago, according to NAR. Nondistressed homes spent a median of 32 days on the market, which is the shortest length of time since NAR began tracking such data in May
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