Forty-two percent of homes sold in February were listed for less than a month across the country, according to the latest data release from the National Association of REALTORS®. Properties, on average, stayed on the market for 45 days last month, down significantly from a year ago when the nationwide average stood at 59 days.Some hot markets—notably in California—are seeing homes sell much faster than the national average.The metro areas wh
Sure, bedrooms and bathrooms are the two largest factors that can affect apartment rent. But a new study also finds several amenities that renters are willing to pay more of a premium to get.A study by RentHop, an apartment search website, finds that some of the amenities that have the greatest impact on price in the 10 largest metro areas are: an elevator, doorman, in-unit washer and dryer, fitness center, “pets allowed” policy, and dedicate
The internet may have entered more aspects of a real estate transaction over the past decade, but consumers haven’t abandoned their desire for a real estate professional’s assistance, according to Steve Murray, president of the consulting firm Real Trends, who has been tracking for 40 years how real estate agents conduct their jobs. In fact, consumers are willing to pay even more for real estate agents’ services. The average real estate com
The number of homes for sale is at the lowest level on record, according to the National Association of REALTORS®, who began tracking inventory 18 years ago. That means many home buyers likely will find fewer options this spring, and the homes that are being listed tend to sell fast and at a premium.The lack of new-home supply is one culprit. Housing starts are only at about 75 percent of their historical average. Builders are focusing on pricie
Capturing leads online takes practice. Here are tips to bolster your online presence with a well-thought-out campaignWith today’s online-first consumer marketplace, Realtors must be as savvy with technology and marketing as ever to rise above their competition. Especially with the influx of millennials entering the real estate market, creating and maintaining a captivating online presence is a must.Advertising through Google AdWords makes it po
What should a broker do for an agent who wants to list and sell higher-priced homes?Key Takeaways Agents ought to pursue bigger and better “next level” listings with confidence and zeal. At the same time, they should make sure to market and sell their “current-level” listings with better attention and focus. Brokers must support this ambition and offer personal attention to help secure better listings.In this monthly column, Anthony Askow
If the idea of promoting yourself doesn’t sit well with you, and you’re a real estate agent, you’ve made a huge vocational error. You simply can’t be a successful agent without letting people know what you do.The key to promoting yourself is consistency. Focus on consistency and then quality. Don’t get so caught up on quality that you miss the consistent mark.In fact, Gary Gold knows agents who have been sending out terrible marketing f
The county offering the highest returns from single-family rental properties so far in 2017: Clayton, Ga., in the Atlanta metro area. That’s according to the first-quarter 2017 Single Family Rental Market report, released by ATTOM Data Solutions. Researchers analyzed single-family returns in 375 U.S. counties, each with populations of at least 100,000, and more than 6,000 U.S. ZIP codes with a population of 2,500 or more.Other counties offering
Fifty-two of the 100 largest U.S. cities were majority renter in 2015, according to U.S. Census Bureau data. Since 2009, 21 cities had shifted to renter-rule. Renters now dominate in both hot housing markets such as Denver and San Diego and more tame markets like Detroit and Baltimore.The homeownership rate has fallen steadily for a decade as millions of foreclosures prompted more owners to rent. Renting likely will continue to rise through 2030,
The 30-year fixed-rate mortgage decreased slightly, following two months of steady rises."The 10-year Treasury yield fell about 10 basis points this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate moved with Treasury yields and dropped 7 basis points to 4.23 percent. This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week's jump fol
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