Real Estate, Updates, News & Tips - George Zoumot - iPro Real Estate

REALTORS: Stop Tweeting in a Vacuum

If you feel like you're operating your Twitter account in a vacuum, where your tweets enter the abyss of your followers' newsfeed never to be seen again, then it might be time for a new strategy.NetBase, a social media analytics platform, offers four tips for brands to effectively use Twitter to market and connect with clients. Even if you've been on the platform for years, there's always room for improvement, which can be achieved through a comb

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Owners Upbeat That Equity Rises Will Continue

Homeowners are optimistic that their home’s value will continue to increase, and they’re increasingly turning to home equity loans to try to make their homes even more valuable. But a new survey shows they’re unclear on how new tax reform laws could impact home equity loans.More than 80 percent of about 1,000 homeowners recently surveyed said that they believe the value of their home will increase over the next three years as well as over t

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Denver Home Lands 100 Showings in 3 Days

A Denver home is attracting quite the crowd and fueling an early start to the spring buying season. In just three days, a property reportedly had nearly 100 potential buyers who toured the home, which is listed at $500,000. The home is a three-bedroom, two-bathroom home, and there’s nothing particularly unique about it. But the home shows just how competitive the Denver market has gotten.“There is simply just too much demand right now,” Mar

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Vermont Town Strives to Be Blockchain Model

A pilot project in South Burlington, Vt., is using blockchain technology to digitize real estate transactions and make them speedier to process. South Burlington’s city clerk’s office has teamed with Propy Inc., a Palo Alto, Calif.–based real estate blockchain startup.Real estate transfers in the city will be recorded on a blockchain that can be accessed through an app or website by multiple entities involved in the transactions. It digiti

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When in Life Do Most People Achieve Ownership?

The average consumer’s life is filled with financial milestones, and buying a home is a major one. But when do most people reach the milestone of homeownership? Researchers at Comet Financial Intelligence, a student loan refinancing resource, surveyed 1,200 Americans on how long it took them to complete their financial “rites of passage” with homeownership and other savings hurdles. Among their findings: The millennial respondents surveyed

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Will Rising Mortgage Rates Hurt Spring Sales?

Mortgage rates are steadily rising, and some housing analysts are already forecasting an impact on the market from the higher borrowing costs.Heading into the spring buying season, the supply of homes remains at record lows, which presses home prices higher throughout the country. But as buyers face higher mortgage rate costs, will that prompt them to pause?Mortgage rates were near record lows for most of 2017, but they’ve been on the rise ev

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Builder Sues, Saying Gas Leak Dinged Sales

Toll Brothers, a luxury homebuilder, filed a lawsuit against Southern California Gas over an extensive gas leak a few years ago that the builder claims caused one of its master plan developments to no longer be desirable to buyers.The 2015–2016 gas leak in the Aliso Canyon area in California is considered the worst natural gas leak in U.S. history. The leak lasted nearly four months. Thousands of residents from the Porter Ranch community and ne

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Don’t Panic Over Stock Market Mayhem

The housing market likely won’t be deeply affected by the sharp decline in stocks over the last two days because underlying economic fundamentals remain strong, says Lawrence Yun, chief economist for the National Association of REALTORS®. Jobs are being created, workers are seeing wage gains, and there’s no recession on the horizon. Those data trends don’t support the theory that the stock market drop indicates a larger underlying problem

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Where Owning Makes More Financial Sense

As home prices and rental costs rise, more consumers are scrutinizing their best financial move: to buy or rent?Realtor.com®’s research team analyzed annual median rental costs versus annual median costs of homeownership (including mortgage payments, taxes, and homeowners insurance) to find whether buying or renting made more financial sense in the nation’s 500 largest counties. Realtor.com® also factored in median incomes in each of the co

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Cities Breaking Records for Price Appreciation

Strong demand and low inventories fueled home prices to record highs in 2017, as the median home price in the U.S. reached $235,000, up 8.3 percent from 2016, according to real estate data firm ATTOM Data Solutions. Still, annual price appreciation showed signs of slowing; in 2016, the national median home price jumped 8.5 percent year over year, according to ATTOM’s latest housing report.Sixty-four of 112 metros—or 57 percent—set a new rec

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