Many retirees are worried if they’ll ever be able to pay off their mortgage. Forty-four percent of 60- to 70-year-old retirees have a mortgage in retirement, according to American Financing’s 2017 Retirement and Mortgages Survey. Thirty-two percent predict it will take still take them more than eight years to pay off their mortgage.Baby boomers are carrying mortgage debt into retirement more than previous generations, a survey by Fannie Mae
Trouble viewing this email? View in your browserBuy or sell now and receive 20% of all commissions Hello,Wishing you all a Merry Christmas and a Happy New Year.Today is iPro Real Estate's 5-year anniversary. We would be honored to help with your next real estate transaction and put some extra cash in your pockets. With a team of 100 salespeople, we'll be sure your real estate transactions are productive. Family and friends are also wel
Minneapolis office offers clients and their guests an immersive experienceThe moment I put on the Oculus Rift headset, I felt like I was inside one of Engel & Völkers’ listings.It only took a few seconds to master and then I was free to roam the house, admiring the tray ceilings in the dining room, wandering into the cozy den, ascending the stairs and meandering through each of the spacious bedrooms.All of this unfolded in the virtual r
Two-car garages are the most popular option in new homes nationwide, according to an analysis by the National Association of Home Builders of 2016 new-home construction data.Of all the single-family homes completed last year, 63 percent of the homes featured a two-car garage, while 22 percent had a garage suitable for three or more cars. Only 6 percent of new homes were built with a one-car garage and just 1 percent had a carport. Eight percent o
Fannie Mae and Freddie Mac announced a nationwide suspension of evictions on foreclosed single-family homes during the holiday season, between Dec. 18 to Jan. 2. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac or Fannie Mae.Legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their home over the holidays.“As we have done in past years, we are suspending evictions
For those who are full of the holiday spirit, they may find their fa-la-la-la’s in these cities.“For a city to be really attractive for the holidays, it needs to offer something for everyone—from kids to the grandparents,” says Kirsten Maxwell, founder of kidsareatrip.com, a family activities website.Realtor.com®’s research team sifted through the data of the 150 of the largest metros to identify those with the most holiday magic. T
Do you have the chops to be successful at home flipping? ATTOM Data Solutions, a real estate data firm, reveals some of the top criteria from successful flippers. It based its findings on the most profitable flipping markets in the third quarter, which were: Pittsburgh, Baton Rouge, Philadelphia, Baltimore, and Cleveland.A few habits of effective home flippers are:They know how to find a great deal.Home flippers in the most profitable markets pu
With rising home prices, more state lawmakers are proposing legislation to help home shoppers tackle the down payment obstacle. More states this year have considered or are considering passing laws to allow for tax-saving down payment accounts to aid first-time buyers.Three states authorized such accounts this year: Iowa, Minnesota, and Mississippi. Colorado, Montana, and Virginia already have such accounts in place.The established down payme
Consumer optimism in the housing market is growing—but it may be short-lived as tax reform looms.In Fannie Mae’s latest Home Purchase Sentiment Index, the share of respondents who say now is a good time to buy a home increased 7 percentage points from October to November. The share of respondents who say now is a good time to sell a home rose 4 percentage points and is up 21 percentage points year over year. Americans also expressed a greater
Congress approved a two-week extension for the National Flood Insurance Program late last week, keeping the program afloat until Dec. 22, but the National Association of REALTORS® continues to push legislators to do more—and fast.Beyond December, the program may be granted another short-term extension as part of a resolution to keep the government operating. That would give lawmakers more time to pass long-term NFIP reform and reauthorization.
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