Existing-home sales in October rose to the strongest pace since earlier this summer, the National Association of REALTORS® reported Tuesday.Total existing-home sales—which comprise completed transactions of single-family homes, townhomes, condos, and co-ops—rose 2 percent month over month to a seasonally adjusted annual rate of 5.48 million. Sales are now at the strongest pace since June’s 5.51 million.However, sales remain 0.9 percent bel
The Federal Communications Commission released a plan Tuesday to reverse net neutrality rules, a move that the National Association of REALTORS® is concerned will make it harder for real estate companies, multiple listing services, and property data aggregators to provide their services in a cost-effective way.“We are looking carefully at the FCC’s plan to reverse net neutrality, which has been an effective and proven way to ensure a level p
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Housing starts neared their postrecession high in October, with expectations that the new-home market will soon provide much-needed inventory relief, the Commerce Department reports.Starts, which reflect combined totals within the single-family and multifamily sectors, jumped 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million. That’s the highest reading for new-home production since October 2016, when starts had reache
Freddie Mac has announced that it has rejoined the Low-Income Housing Tax Credit, a federal program that urges the investment of equity in affordable rental housing. The program supports the creation and preservation of affordable rental housing for low-income households. Freddie says it plans to close its first LIHTC investment in January 2018.“We are excited to resume investing in Low-Income Housing Tax Credits, which will expand our affordab
Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. The latest Quicken Loans Home Price Perception Index shows that appraised home values in October were an average of 0.99 percent lower than homeowners’ expectations.That’s much better than it has been in the last two years, as rapid run-ups in home prices across the country have caused homeowner and appraiser perceptions to become misaligned. Over the
Home buyers say they want the latest design trends in their next property—but 70 percent admit to having outdated features in their current house, according to a new consumer survey by home builder Taylor Morrison. The most common of these outdated features are: Linoleum floors (40 percent) Popcorn ceilings (29 percent) Wood paneling (28 percent) Ceramic tile countertops (28 percent) Shag carpeting (19 percent) Avocado green appliances (8 perce
Ski towns aren’t just for billionaires and celebrities who can afford posh vacation homes. Realtor.com® researchers say there are plenty of options for everyday ski enthusiasts looking for budget-friendly homes.“People seeking the ski town lifestyle—but who don't want to spend a million dollars for a house—can choose a town that doesn’t come with the fancy name or famous ski resort,” says Christopher Steiner, founder of ZRankings,
19 Ways to Get More Real Estate Agent Reviews from Premier Agent | Zillow & TruliaHere are 19 tips from real estate agents who have dozens — if not hundreds — of reviews:Be upfront with your clients Ask for reviews. Very few people will just write a real estate agent review on their own. You have to ask them to do it. If you’re just starting out, aim to get at least five reviews.“A big change we made — one that changes the bal
Florida is bracing for a potential housing boom as tens of thousands of Puerto Ricans flee to the state, leaving behind the island nation that is still reeling from Hurricane Maria’s devastation. But there are few answers for how to accommodate these refugees’ needs and what impact the population influx will have on Florida’s housing, school districts, and government agencies, real estate experts say.Puerto Rico—home to about 3.4 million
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