Homebuilding giant Lennar Corp. announced it has completed a merger with former rival CalAtlantic Group Inc., creating the nation’s largest homebuilder based on revenues. Both companies’ stockholders this week overwhelmingly approved the actions making CalAtlantic a wholly owned subsidiary of Lennar.“This combination brought together two leading homebuilders in familiar markets with compatible product lines,” says Stuart Miller, CEO of
It's easy to tell when your buyer clients have fallen in love with a listing. They clearly have that thrill and excitement coursing through their veins. But just like any relationship, this one takes some work too.Dana Bull, a real estate professional with Harborside Sotheby's International Realty in the Boston area, has three tips this Valentine’s Day that you can use to help guide buyers through the decision-making process when they’ve fal
Your buyer clients may need to brace for longer house hunts. Inventories are at record lows, and that means finding the perfect house match is becoming more difficult.Two-thirds of home buyers said they searched for more than three months before going under contract on a home, according to a new survey by the National Association of Home Builders. Buyers also complain that homes are getting too pricey. Forty-two percent of respondents said that
Millennials are the most powerful generation to ever hit the real estate industry or any profession, asserted Lennox Scott, president of John L. Scott Real Estate in Seattle, during a recent National Association of REALTORS® Power Broker Roundtable on millennials in real estate.“They are technology-infused and connected with community—they’re a reflection of the world we’re in, and I, for one, am happy to tap into the energy and exciteme
Driverless cars may sound like an idea ripped from a sci-fi movie, but the technology is real and expected to hit roadways over the next decade in a big way. As more people warm up to the idea, driverless cars could have a big impact on where people decide to live, according to a new poll from the National Association of Home Builders.Sixty-three percent of consumers recently surveyed said that if they owned a driverless car they would “defini
Some of the Department of Housing and Urban Development’s programs could be in jeopardy under President Donald Trump’s fiscal year 2019 budget proposal. Trump released his budget plan on Monday, with a proposal to cut HUD’s funding by about $8.8 billion, or 18 percent of its 2017 levels.The proposal would reduce Section 8 federal housing subsidies, eliminate the $1.9 billion fund for public housing capital repairs, and end funding to the fe
It’s a good time to be a homeowner: Nearly two-thirds of housing markets across the country saw home prices at all-time highs in the fourth quarter of 2017, the National Association of REALTORS® reported Tuesday.The national median existing single-family home price in the fourth quarter was $247,800, up 5.3 percent from a year ago. Ninety-two percent of the markets measured by NAR saw an uptick in single-family home prices. Twenty-six metros
With the backing of Fannie Mae, home-sharing giant Airbnb has announced a new partnership with select lenders, including Quicken Loans, Citizens Bank, and Better Mortgage, that will allow homeowners to report rental earnings as part of their income when applying to refinance a mortgage. Owners who rent rooms on Airbnb had been facing delays, higher interest rates, and loan limitations when refinancing.“This initiative was developed to identif
Bitcoin has been used in a few real estate transactions in recent months, but does the cryptocurrency really have the power to revolutionize how homes are bought and sold? Housing experts don’t agree unanimously.“Bitcoin millionaires” is a new breed of financially savvy consumer looking to invest their profits in real estate. Earlier this year, research from realtor.com® uncovered 37 listings nationwide in which bitcoin was mentioned as
How do you create more lasting connections with customers? It may come down to becoming a better acquaintance with your client, working harder to anticipate their needs, and showing more empathy. RISMedia recently wrote about enhancing customer interactions, including: Get to know your customer better. Track all interactions a client has with your brand: What emails did the customer open? What videos did they watch? What questions did they ask
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