Mortgage financing giants Fannie Mae and Freddie Mac have announced programs to provide long-term financing at competitive interest rates that could encourage more investors to acquire single-family rental properties, the National Real Estate Investor reports.“Folks who dipped their toes in the market in 2015 or early 2016 and bought one or two single-family rentals are now buying more,” says Daren Blomquist, senior vice president of property
You should be chasing the buyers named Dylan, Chelsea, Austin, Alexandra, and Taylor. Those were the first names of millennials who were most likely to buy a home in 2017, according to a new analysis of more than 4 million home sales by ATTOM Data Solutions, a real estate data firm.On the other hand, Generation X and older buyers with the first names Gerald, Kristin, Stanley, Kurt, and Jaime had the biggest decreases in home sales last year.Not s
Fewer retirees own their home free and clear, as 32 percent of homeowners ages 60 to 70 say it will take them more than another eight years to pay off their mortgage, according to American Financing’s Retirement and Mortgages survey.However, many say they intend to age in place, with 64 percent indicating they plan to remain in their current home. Seventy-one percent say they would prefer to make home renovations rather than move, even if a hea
Many commercial projects may face delays in 2018 due to rising demand, particularly for warehouse and office space. A shortage of skilled construction workers and rising construction costs—two items that are also plaguing the residential market—are expected to push back timetables on many commercial projects in the pipeline, according to the CoStar Group.The labor shortage may mean developers will have to pay more to get their buildings const
The majority of buyers who obtained a mortgage last year made a down payment of less than 20 percent, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers. The median down payment in 2017 was 10 percent, according to the report.The bulk of buyers’ down payments came from their personal savings, but a fraction also came from the sales proceeds of a previous residence or assistance from family or friends
Luxury homes sold at a slower pace in 2017, as more properties in the high-end market were put up for sale, according to a new realtor.com® report. The number of million-dollar listings grew by an average of 3.9 percent.Luxury properties—defined as those with a sales price in the top 5 percentile—took 5.4 percent longer to sell in 2017 than in 2016, spending an average of 116 days on the market. Prices of luxury homes also increased 5.1 perc
Open house visitors generally fall into four main categories: The snooper, the confirmation seeker, the aspirational buyer, and the serious buyer. How can you tell them apart? Here are the characteristics of each type: The snooper: They often live in the neighborhood, and they’re curious about competing properties. The confirmation seeker: They recently purchased a home and are looking for validation that they didn’t make a mistake. The asp
Home shoppers are embracing virtual reality, saying they believe the technology will make the buying and selling process simpler and quicker, according to a new Coldwell Banker survey. The survey, which was released Monday—a day before the kickoff of CES 2018, the technology industry’s most prominent tradeshow—also shows that smart-home features are at the top of buyers’ wish lists. Coldwell Banker is sponsoring the Smart Home Marketplace
About Gary Bachelor’s, Master’s and Doctorate in Music Performance Twelve years teaching from middle and high schools to college levels Fifteen years professional musician Director of church choirs 1979 career change to real estate 1982 attained Broker designation status Licensed in Virginia, Network USA Sales well over $100,000,000 Leases and Rentals well over $300,000,000 Educational studies in real estate ongoing Interpersonal skill study
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson.
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
