Marriage and having children may be the life events that traditionally have prompted people to transition into homeownership. But for some millennials, the need for more space is particularly tied to their furry friends.A third of recent home buyers ages 18 to 36 say their decision to purchase was based on the desire for a larger property with a yard for their dog, according to a survey conducted by Harris Poll on behalf of SunTrust Mortgage. Whi
Homeowners living near a Trader Joe’s grocery store saw their property values increase an average 67 percent over five years, according to a study released by real estate data firm ATTOM Data Solutions. Owners close to Whole Foods—a trendier and pricier grocery option—didn’t fare as well, garnering 52 percent appreciation in home value over the same time period. Those with an Aldi nearby saw a 51 percent increase.The average home price ap
In an effort to keep smart homes and related devices on the internet secure, four U.S. senators have introduced a bipartisan bill to encourage vendors to conform to industry security standards.Bill S.1691, which has been referred to the Committee on Homeland Security and Governmental Affairs, is described as "a bill to provide minimal cybersecurity operational standards for Internet-connected devices purchased by Federal agencies, and for other p
Investors are increasingly turning their attention to student housing. The investment volume in student housing in 2016 jumped 64.5 percent year over year, compared to a 4.3 percent overall increase in the multifamily sector.Student housing still remains a relatively small portion of the multifamily sector, however. Student housing comprised 6.6 percent of total multifamily transaction volumes in 2016. But it’s soaring to record levels: In 2016
More Americans are staying put. The overall mobility of the U.S. population is at its lowest level and has fallen by nearly half since its most recent peak in 1985, The Wall Street Journal reports.Americans who live in rural areas are not moving. The rate of people who moved across a county line in rural America was just 4.1 percent, down from 7.7 percent in the late 1970s, according to The Wall Street Journal's analysis. The mobility rate in rur
Home shoppers can get hung up on cosmetic issues of a home, even though often times the problems are relatively inexpensive to fix.Buyers can easily get distracted by flaws or minor repairs, like the carpet or dated light fixtures. They may even let a sale fall apart because of it.Realtor.com® recently featured several potential home features that may jeopardize a deal, but really shouldn’t.Ugly kitchen cabinetsSure, the average kitchen remode
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a mad dash when sellers are working to get their home on the market or even to just clean up ahead of a showing. But some common cleanup tools can actually do more damage than many people realize. HouseLogic identified a few common products that can create big problems, so you can be the expert your clients need and help them protect their investments. Bleach is a common cure-all, but this caustic chemical can eat through the sealant on stone s
Real estate pros specializing in commercial real estate are seeing an increase in gross income and sales volume, according to the National Association of REALTORS®’ 2017 Commercial Member Profile, released Wednesday.The median gross annual income for 2016 was $120,900, an 11 percent increase from the $108,800 income reported in 2015, according to the report, based on a survey of nearly 2,000 NAR members who conduct all or part of their busine
More companies are abandoning massive office parks in the suburbs and heading back to once-abandoned office space in urban centers. They’re making the move in an attempt to appeal to millennial employees. But some developers and community planners are worried about what will happen to less densely populated areas if the trend continues.Over the last half-century, employment has shifted from city to suburb and now back to the city, according to
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