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

The Best Places for New Year’s Resolutions

Some places may be more inspiring than others for keeping your goals on track for the new year.Realtor.com®’s research team analyzed the 100 largest U.S. metros to figure out where it’s easiest for residents to keep their top new year’s resolutions, like getting healthier, putting finances in order, improving their minds, or setting out to find adventure.To determine the best places to get healthy, the research team looked at the number of

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Renting Population Drops as Prices Bump Up

For the first time since 2004, the renter population decreased, according to the Annual Rent Report from ABODO, an apartment listing service. Still, renters continue to outpace owners, according to the report.There are about 43 million renters in the U.S., which is more than a third of U.S. households, according to a report from Harvard University’s Joint Center for Housing Studies.Despite the decrease in renters in 2017, landlords continue t

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Neighbors Waging ‘Not in My Backyard’ Battles

Across the country, neighbors are fighting against development of affordable housing, even if the proposals are far from their homes. Homeowners increasingly want to have a say on what development occurs in their communities beyond their own lot boundaries.As such, developers are struggling to build affordable housing for seniors, high-rises, and tiny homes.Homeowners are concerned about the quality of their schools and safety of neighborhood par

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2018 Mortgage Rates to Surpass 4.5%

The recent tax bill could cause the Federal Reserve’s rate increases to come faster—mortgage rates are expected to go up three or four times in 2018. This could push 30-year mortgage rates up past 4 percent in the new year.Mortgage rates typically follow the Treasury yield. The federal funds rate sets the stage for the path mortgages will take. The Mortgage Bankers Association forecasts that mortgage rates will go up, but will stay below 5 p

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REALTORS: Hone These Essential Business Skills in 2018

According to Pensacola, Fla.–based author and business consultant Quint Studer, there are ten key abilities any entrepreneur or small-business owner must have in order to be successful. But he also notes that no one starts out with all of these skills and emphasizes that smart businesspeople are constantly learning and honing their abilities.“No one is born a great business owner, knowing all there is to know. Great business owners evolve. Th

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Wealth Surge Boosts Second-Home Market

Over the past 12 months, many well-off Americans have been getting wealthier. The United States added more than a million new millionaires over the past year as stock prices rose, according to the Global Wealth Report published last month by Credit Suisse.That has helped fuel increases in many second-home markets across the country. Hawaii and Colorado may be the two luxury markets that saw the largest upticks in 2017, according to data from real

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REALTOR: Use These Categories to Find Your Niche

Many real estate professionals say that narrowing your customer base can actually increase your business pipeline. “A niche creates the ability for you to more easily build trust among potential clientele, which increases the likelihood of you gaining new clientele and therefore closing more deals,” writes Chadwick Ciocci, founder and CEO of Chilton & Chadwick in a recent article for Forbes.com. For example, a real estate professional f

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Climate Change Fears Make Elevations Count

Homes at higher elevations in hurricane-risk coastal areas are gaining value at a faster pace than those closer to sea level, CBS News reports.The trend is particularly evident in places like Miami, where “climate gentrification” is becoming a common buzzword. The term is used to describe the increasing role that volatile weather patterns and rising sea levels are playing in reconfiguring land values. Some experts say climate change could

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What Qualifies as ‘House Poor’?

The phrase “house poor” describes buyers who’ve bought a home they can’t afford. Most financial advisers say those who spend 30 percent or more of their pretax income on housing costs qualify for such a label. Under that standard, nearly 40 million U.S. households are considered “house poor,” according to the State of the Nation’s Housing 2017 Report from the Joint Center for Housing Studies of Harvard University.Banks use different

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Why Is Everyone Moving to Idaho?

Idaho saw the largest percentage of inbound moves in 2017, according to a recent report by Atlas Van Lines, a national moving company. About 65 percent of moves there were made by those relocating to the state, instead of moving away from it.Atlas Van Lines, which conducted nearly 7,300 relocations in 2017, looked at the percentage of moves in and out of each state to determine the states with the highest number of inbound moves. “Historically

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