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

2017’s Most Affordable U.S. Beach Towns

The U.S. boasts 95,471 miles of shoreline, and owning a small portion of that doesn’t have to necessarily set you back millions to own. Home buyers can still fetch bargains in plenty of U.S. beach towns, snagging a home for $250,000 or less.Realtor.com®’s research team analyzed the median home prices in beach towns with populations of from 1,000 to 100,000. Towns must have had at least 30 properties on the market to be considered in the rank

Read More

Lack of Homes for Sale Constrains Loan Apps

Would-be buyers are hard-pressed to find enough homes for sale this spring, and that is chipping away at the number of mortgage applications lenders are processing, CNBC reports.Total mortgage applications, including those for refinancing and home purchases, dropped 3.4 percent week over week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. The MBA’s mortgage application index is now 14 percent lower than a y

Read More

REALTORS: Survey Reveals Latest Online Marketing Targets

Social media remains a central focus for businesses looking to reach new and old customers online, according to a survey of 376 business professionals about their strategies with online marketing.Facebook still dominates among industries, with 88 percent of survey respondents saying they turn to that network to promote their brands. Marketers also are growing more satisfied with Facebook ads for outreach. The number of participants using Facebook

Read More

Credit Scores Hit Record High

Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could be a boon for the mortgage market: A good credit score can help borrowers snag a better mortgage rate and better their chances of qualifying for financing."Higher scores lead to more available credit," says Cris deRitis, senior director in the economics gro

Read More

Home prices hit 33-month high

No change in sight for the escalating seller's market, but what goes up must come down eventuallyKey Takeaways The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8 percent annual gain in March, up from 5.7 percent last month.March’s S&P/Case-Shiller Home Price Index numbers set a fifth consecutive all-time high – the highest HPI seen in 33 months.March 2017’s n

Read More

REALTORS: Are you a doer or a leader? 5 telling characteristics

Key Takeaways Although leadership is one of the most crucial skills in the world of business, many business owners seem to overlook its importance. Leaders are great listeners and communicators, and they trust their team.Rosalynn Carter once said that a leader takes people where they want to go and that a great leader takes people where they don’t necessarily want to go, but ought to be.We are mostly surrounded by doers, and only a minuscule nu

Read More

Driverless Cars May Open Options for Buyers

More autonomous, self-driving cars are expected on the roads over the next decade, which will likely have a big impact on residential construction, housing demand, and home design, notes Robert Dietz, chief economist of the National Association of Home Builders.Driverless cars could make more areas suitable for development of single-family communities, Dietz argues in an article for BUILDER Online. “More efficient roadways would reduce travel t

Read More

REALTORS: 3 Risky Behaviors in Email Communication

If you're not careful about how you respond to clients over email, you could risk losing contracts, damaging your reputation, and even being sued for breach of confidentiality. Forbes.com offers some of the following tips to avoid PR nightmares and liability offenses with your email behavior.Beware of hitting the “reply all” button. If you’re responding to multiple contacts, delete the email thread history in your message to avoid potential

Read More

Wannabe Buyers Aren’t Saving Enough

Though millennials express desire for homeownership, they aren’t saving anywhere near what they need for a down payment. About 80 percent of millennials recently surveyed by rental website Apartment List say they hope to one day buy a home, but 36 percent say they’ll likely need to wait more than five years before they can. Only 16 percent believe they’ll be able to buy within two years, according to the survey of 24,000 millennial renters

Read More

Rents are Rising in the Suburbs

Is there anywhere left for people looking to save money?Key Takeaways Rising affordability issues for would-be buyers impacts renters as well.Home prices have been consistently rising with Q1 2017 home prices surging 6.9 percent quarter-over-quarter and 5.9 percent year-over-year.Some aspiring buyers look to renting in the ‘burbs as a cheaper option, but Zillow’s latest rental study shows that rents in suburban and urban areas are facing affo

Read More

This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.