Cities along the West Coast, unsurprisingly, have some of the priciest homes in the nation. Among the 10 cities with the highest share of homes worth more than $1 million, four are in California: San Jose, San Francisco, Los Angeles, and San Diego, according to a new LendingTree analysis. In these four housing markets, more than 10 percent of homes are valued above $1 million.LendingTree ranked the top 50 cities with the highest shares of million
If your clients are wavering on whether to buy a home, there are several reasons they may want to get more serious about their real estate search, according to MagnifyMoney, a personal finance website. Most importantly, mortgage rates remain historically low—but that isn’t expected to last. They’ve been rising steadily, but rates for the current 30-year fixed-rate mortgage are still well below 5 percent, compared to nearly 19 percent In 1
Student housing, which tends to offer high returns for investors but also requires more intense management and administration, has proven a difficult niche in the multifamily sector in the past. However, institutional investors are increasingly taking on the heavier lift of student housing in order to build a safety net with the healthy returns.Greystar, a multifamily investor and affiliate of The Blackstone Group, recently announced a $4.6 billi
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
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