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Daily Real Estate News

Half of Buyers Fret About Down Payments

NAR Daily News Magazine - June 12, 2018 - 12:00am

A new study reveals that many consumers don’t understand their down payment options, and it’s causing them anxiety.

‘Social Listening’ Can Strengthen Your Brand

NAR Daily News Magazine - June 12, 2018 - 12:00am

Understand how it differs from social monitoring and how doing both will help you build your virtual branding and reputation.

Mortgage Delinquencies Fall to 11-Year Low

NAR Daily News Magazine - June 12, 2018 - 12:00am

Fewer homeowners are behind on their mortgage payments. See how delinquency rates are faring across the country.

That Frequent Flyer Seat May Be Easier to Book—Here’s Why

RisMedia Consumer News - June 11, 2018 - 4:15pm

(TNS)—Airlines are making it easier for frequent flyers to redeem their travel rewards, as major carriers work harder to keep their most loyal customers happy, according to a seat availability survey released recently.

American Airlines showed the biggest improvement, rising from the bottom of the pack to ninth in the annual survey, with members of its AAdvantage program able to book reward seats on more than 82 percent of flights, up nearly 28 percentage points from last year.

Overall reward availability for the 25 airlines surveyed increased to 73.6 percent, up 1.2 percentage points from last year.

“There is a recognition among the big airlines in the U.S. that there’s got to be a minimum amount of reward seats available, and you’re seeing them all kind of drift towards a band close to each other in the charts,” said Jay Sorensen, president of IdeaWorks, an airline consulting firm near Milwaukee, which conducts the annual survey.

Southwest Airlines repeated as frequent flyer champion, with 100 percent of seats available for booking through its Rapid Rewards program. The MileagePlus loyalty program at United Airlines ranked 12th at nearly 76 percent, up about 11 percentage points from last year.

The survey, sponsored by travel technology firm CarTrawler, was conducted in March and used 7,420 booking inquiries to assess reward availability for two passengers traveling from June through October. The maximum price for domestic travel was capped at 25,000 points or miles, depending on the loyalty program.

Frequent flyer programs have been around for decades, but the advent of credit card miles has increased traveler participation and competition among airlines in recent years. Sorensen said airline-associated credit cards account for more than 60 percent of reward miles accrued and represent an increasingly important revenue source for the airlines.

“When you are a cardholder who uses your charge card for everyday purchases, who buys tickets on the airline, you’re a really good customer because they are getting revenue from you from a variety of different sources,” Sorensen said. “Plus, you’re really engaged in a relationship with the company. You become tied through this net of accrual and flying the airline.”

Discount carriers such as Southwest and JetBlue, whose TrueBlue program ranked fourth at 94.3 percent, tend to make more seats available to frequent flyers than traditional carriers, the survey showed. But the huge gains by American represent the growing importance all airlines are placing on making loyalty rewards easier to access.

Josh Freed, a spokesman for American, said the carrier’s gains were part of a “long-running effort” to improve availability and catch up with its peers at United and Delta Air Lines, whose SkyMiles loyalty program ranked 13th in the latest survey with 72 percent reward seat availability.

“Our long-term goal is to be roughly comparable to the other big network airlines in terms of availability, and this is evidence that we’re making progress” Freed said.

A key change in the AAdvantage rewards program was opening up connecting flight availability, Freed said.

“That enabled people that don’t live in a hub city to have a better chance of getting the reward ticket that they are seeking,” he said.

©2018 Chicago Tribune
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Lawsuit Dismissed in Beverly Carter’s Death

NAR Daily News Magazine - June 11, 2018 - 12:00am

An Arkansas judge ruled that a wrongful death lawsuit brought by Carter’s family against her brokerage, Crye-Leike, missed the statute of...

Yun: We’re in a ‘Bizarre’ Market

NAR Daily News Magazine - June 11, 2018 - 12:00am

Though homebuying demand is hot, sales are sluggish. NAR’s chief economist explains why in his latest column for Forbes.com. 

Golf Course Closures Could Spur Construction

NAR Daily News Magazine - June 11, 2018 - 12:00am

Hundreds of thousands of acres of land nationwide is available for redevelopment as clubs shut down amid waning interest in the sport.

Consumer Sentiment Breaks Record—Again

NAR Daily News Magazine - June 11, 2018 - 12:00am

For the second consecutive month, a Fannie Mae survey measuring confidence in the housing market reached an all-time high. But attitudes about...

Realtor.com® Ranks Best Bargain Beach Towns

NAR Daily News Magazine - June 11, 2018 - 12:00am

Many Americans may dream of living on the ocean, but the high price tag of many waterfront homes may be holding them back. Not in these beachside...

Despite Rising Prices, Negative Equity Persists

NAR Daily News Magazine - June 11, 2018 - 12:00am

About 2.5 million homes nationwide are still considered underwater. View a chart that gives a state-by-state look at negative equity.

Is Break in Rate Hikes Significant to Buyers?

NAR Daily News Magazine - June 8, 2018 - 12:00am

Mortgage rates fell for the second consecutive week, but it may not offer much reprieve for borrowers who are struggling to keep up with higher...

Flips Hit 6-Year High, But Market Tightens

NAR Daily News Magazine - June 8, 2018 - 12:00am

More investors are looking to capitalize on the run-up in home prices, but increasing homebuying costs could eat into their profits.

Global Effort to Curb Chinese Investment

NAR Daily News Magazine - June 8, 2018 - 12:00am

Chinese buyers have been purchasing property worldwide at breakneck speed, causing home prices to surge and igniting fears of real estate bubbles...

Cities Weigh Subsidized Housing for Teachers

NAR Daily News Magazine - June 8, 2018 - 12:00am

School strikes are spreading across the country as educators complain of low salaries that make it difficult for them to afford a home or pay rent...

Builders Face ‘Cluster Mailbox’ Requirements

NAR Daily News Magazine - June 8, 2018 - 12:00am

The U.S. Postal Service has been attempting to reduce or eliminate sidewalk and curbside delivery to single-family homes, and the new construction...

How to Capture ‘Serial Switchers’

NAR Daily News Magazine - June 8, 2018 - 12:00am

Only 12 percent of homeowners use the same agent the next time they buy or sell. Learn one key strategy for retaining clients.

Homeowner Equity Growth Streak Continues

NAR Daily News Magazine - June 7, 2018 - 12:00am

Homeowners are seeing some of the strongest growth in equity in four years, with Western states leading the pack.

3 Tenant Screening Checks Landlords Fail to Do

NAR Daily News Magazine - June 7, 2018 - 12:00am

A new report finds that landlords are failing to gather critical documentation that could help them avoid approving tenants who later will default...

Fannie Makes Manufactured Housing Loans Cheaper

NAR Daily News Magazine - June 7, 2018 - 12:00am

Fannie Mae is using its MH Advantage Program to try to bridge the gap in affordable housing by making manufactured housing a more acceptable...

The States With Surging Home Loan Growth

NAR Daily News Magazine - June 7, 2018 - 12:00am

Experian identifies the states with the strongest and weakest activity in the home mortgage sector.