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Daily Real Estate News

Buyers Want Bigger Yards Over Bigger Homes

NAR Daily News Magazine - August 17, 2017 - 12:00am

Home shoppers say they’re willing to make big sacrifices in order to get a property with a great outdoor space, according to a new survey....

Report: 1 in 4 Homes Now Equity Rich

NAR Daily News Magazine - August 17, 2017 - 12:00am

A new report from ATTOM Data Solutions found that more than 14 million U.S. properties were considered equity rich at the end of the...

Lower Rates Not Swaying Borrowers

NAR Daily News Magazine - August 17, 2017 - 12:00am

Mortgage rates dropped to an eight-month low last week, but home buyers still didn’t budge. 

Century 21 Names New CEO

NAR Daily News Magazine - August 17, 2017 - 12:00am

Former Zillow exec Nick Bailey is taking the reins of the franchise giant.

New Home Inventory at 20-Year Low

NAR Daily News Magazine - August 17, 2017 - 12:00am

Builders failed to ramp up inventories last month, despite increasing demand from home buyers and calls from the real estate industry.

Is Your Smartphone’s Security Working?

NAR Daily News Magazine - August 17, 2017 - 12:00am

Security capabilities are already built into iPhone and Android devices. Make sure your phone’s protective software is on and guarded...

Price Hikes in 87% of Markets; New Record Set

NAR Daily News Magazine - August 16, 2017 - 12:00am

National median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year, NAR reports.

4 Ways to Cut Kitchen Remodeling Costs

NAR Daily News Magazine - August 16, 2017 - 12:00am

Homeowners pay an average of $62,000 on kitchen renovations, so share these tips with your clients to save them some money.

Why You Won’t See Many New Starter Homes

NAR Daily News Magazine - August 16, 2017 - 12:00am

Just 16 percent of new homes are selling for under $200,000, down from 44 percent in 2010, according to a new analysis.

Top Destinations Where Renters Want to Move

NAR Daily News Magazine - August 16, 2017 - 12:00am

Nearly two-thirds of renters say they plan to move to a different city before settling down. So where are they leaving from and going to?

Site Matching Sellers, Agents Raises $40M

NAR Daily News Magazine - August 16, 2017 - 12:00am

HomeLight.com is further enhancing its process for connecting consumers with real estate professionals based on the agents’ sales...

5 Lessons From a Major Flooding Disaster

NAR Daily News Magazine - August 15, 2017 - 12:00am

A year after Baton Rouge, La., was crippled by massive floodwaters, an insurance provider offers takeaways that can help homeowners in danger...

Are You Checking Email on Vacation?

RisMedia Consumer News - August 14, 2017 - 3:45pm

(TNS)—How does the U.S. stack up when it comes to taking vacation time?

As vacation spending in the U.S. surpasses $1 billion, people are definitely getting away more—but what is the quality of that vacation actually looking like?

An Ipsos Global poll looked at the way the world vacations and found that more and more people are spending time away from home, but fewer are fully disconnecting while gone.

Six in 10 respondents in the 25 countries surveyed said they have spent or would spend at least one full week away from work.

The three countries where the most people take a vacation away from home are India (80 percent), Great Britain (72 percent) and China (70 percent). There were just three countries where a majority said they would not be taking time away from work and home life: Hungary, South Korea and Japan.

In the U.S., 61 percent said they would likely spend a week or more on vacation.

Across all countries, 65 percent of travelers said they use all of the vacation time that they are given; however, this number has fallen over the past decade, declining the most in China, Japan, Italy and Australia.

While people are taking more time away from home, that doesn’t mean they are disconnecting. Less than half of respondents say they don’t check work emails when on vacation. This was slightly better in the U.S., where 52 percent say they don’t check their emails while away.

Since 2009, the number of those who check work messages increased across almost all countries surveyed.

Where are people staying the most connected? Vacationers in Italy, Japan, Spain and Belgium can’t seem to put their phones and laptops away while they are away. There are just two countries where the number of people staying in touch with work has decreased: Mexico and Brazil.

Overall, a strong majority of Americans have or plan to take time off this year. What we really need to work on is putting the phone down when we do.

©2017 Travelpulse
Visit Travelpulse at www.travelpulse.com
Distributed by Tribune Content Agency, LLC

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Digital Marketing Is Key, REALTORS® Say

NAR Daily News Magazine - August 14, 2017 - 12:00am

Real estate pros plan to devote more time and money to social media marketing. Find out what type of content REALTORS® are posting to garner...

Best, Worst Careers for Down Payment Savings

NAR Daily News Magazine - August 14, 2017 - 12:00am

Consumers working in some industries may need just one year to save enough for a down payment on a home, while other professions may require up to...

The Trendiest Design Style in Your State

NAR Daily News Magazine - August 14, 2017 - 12:00am

Are you more of a Victorian or Bohemian type of place? Learn the most-searched interior design terms in each state, and what’s trending...

Owners Tap Equity to Start Businesses

NAR Daily News Magazine - August 14, 2017 - 12:00am

Home equity isn’t just used for renovations. Many homeowners turn to it for the capital they need to launch a new business. 

Solar Eclipse May Impact Solar Panel Users

NAR Daily News Magazine - August 14, 2017 - 12:00am

The eclipse is expected to stretch across 14 states and likely will obstruct up to 9,000 megawatts of solar power. Utility companies are already...

Millennial Pet Peeve: Calling Them Millennials

NAR Daily News Magazine - August 14, 2017 - 12:00am

The generation is expected to make a big splash in real estate, but they really can’t stand to be labeled. 

Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans

RisMedia Consumer News - August 13, 2017 - 1:03pm

Would-be homeowners can easily plunk down savings for a home—if they forgo their friends’ one last hurrah before the big day.

A recent report by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for destination bachelorette parties) and $1,532 (for destination bachelor parties), according to The Knot, partaking in just nine pre-marriage celebrations—or three each year for three years—would total 34 percent, or $13,788, of a 20 percent down payment on a median-priced home.

Without question, the amount of parties needed to rack up one-third of a down payment varies by market:

Zillow_Bachelor_Party

Bachelor and bachelorette getaways are just one of several stereotypically “millennial” spending choices called into question as of late. Earlier this year, one real estate developer singled out avocados, telling Australia’s “60 Minutes”: “When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each.”

“Buying a home is one of the most expensive purchases someone will ever make, and for most first-time buyers, that means years of saving money to afford a down payment,” says Jeremy Wacksman, CMO at Zillow. “Attending your friends’ bachelor or bachelorette parties can be a trip of a lifetime. While everyone’s budget and priorities are different, big-ticket expenses like vacations can add up surprisingly quickly—a lot faster than a $19 avocado toast.”

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans appeared first on RISMedia.