Rising home prices are helping homeowners get richer and richer. Equity-rich properties represented 25.7 percent—or nearly 14.5 million—of U.S. properties in the third quarter, a record high, ATTOM Data Solutions, a real estate research firm, reports. “Equity-rich” means the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value.“As homeowners stay put longer, they c
Voice assistants, like Amazon’s Alexa and Google Assistant, are finding more uses in real estate, and not just for calling up homes for sale but also for easing the transfer of money. Some property managers are already experimenting with allowing their tenants to tell Amazon’s voice assistant, “Alexa, pay my rent.”A new deal between Zego and S2 Capital is linking smart-home devices in some 30,000 apartments over the next three years.
There is no better time to sell luxury real estate, but agents must do their homework first The luxury real estate market is rich — with opportunity. But the price that today’s luxury agent must pay to play in this segment isn’t just in dollars. It’s in data.The high-net-worth and ultra-high-net-worth markets are more vibrant than ever with the rise in the number of millionaires, multi-millionaires, and demi-billionaires. For luxury real
REALTOR®-supported candidates across the country at the federal, state, and local levels scored wins that promise to benefit the real estate industry’s goals of strong communities and healthy residential and commercial property markets.The National Association of REALTORS® supported hundreds of local, state, and federal candidates, selecting real estate champions regardless of party affiliation. Among some of these wins yesterday in Congress
“Gen Zers don’t just want to become homeowners; they want to do it at a younger age and we found that they’re saving or planning to save for it accordingly,” says Danielle Hale, realtor.com®’s chief economist. “Their desire for homeownership may be similar to that of millennials and Gen Xers, but graduating into one of the best labor markets in generations might give them the boost they need.”Nearly 80 percent of Gen Zers surveyed
In certain areas of the country, homeowners are living beyond their means. Researchers at online loan marketplace LendingTree recently dug through credit report data to compare average household income, factoring in credit inquiries, the use of revolving credit lines, debt unrelated to housing, and mortgage balances.They found residents in San Antonio, Texas; Riverside, Calif.; and Las Vegas are struggling to meet their bills. Researchers loo
It turns out the hot housing market is a threat to one notorious housing market scourge: the zombie foreclosure. This occurs when a home has been vacated by homeowners prior to the foreclosure being completed, leaving it in limbo.These owner-abandoned properties comprised just 3.38 percent of all homes actively in the foreclosure process in the third quarter, a drop from 4.18 percent a year ago, according to ATTOM Data Solution’s 2018 Vacant
Already, more than 326,000 of the nation’s 1.3 million REALTORS® have cast their ballots in early voting, a 64 percent increase from 2014, when the last midterm elections were held, the National Association of REALTORS® said Tuesday. That compares to a 46 percent jump in early voting turnout among all eligible voters.“As the only advocacy group in America that fights exclusively for homeownership, real estate investment, and the free enterp
The midterm elections are pitting the “red” versus “blue,” but how do these political parties divide in regards to housing? Realtor.com® researchers analyzed housing and demographic data in the counties that President Donald Trump and Democratic candidate Hillary Clinton each won in 2016 to find out how they differ in their real estate, like average home prices, homeownership rates, and what it takes to buy a home.“Not only are people
The hunt for Amazon’s second headquarters location is likely going to result in a “pick two” situation. Amazon.com plans to split its second headquarters evenly between two locations, The Wall Street Journal reports.If Amazon does split its planned, massive second headquarters between two cities, that would split the workforce and the economic boom it’s promised between the two cities. Each city would then add about 25,000 employees, in
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