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Daily Real Estate News

10 Hottest ZIP Codes in the Nation Right Now

NAR Daily News Magazine - October 15, 2018 - 1:00am

High-income millennials are a driving force behind many of the most active markets, according to realtor.com®.

Agents Turn to Spider-Man to Save Their Listings

NAR Daily News Magazine - October 15, 2018 - 1:00am

Real estate team dresses up as superhero, unicorns in an effort to attract potential buyers to homes lingering on the market.

Move? No Thanks, Homeowners Say

RisMedia Consumer News - October 14, 2018 - 1:02pm

Are you happy in your home, or are you looking to move?

If your answer to the first question is yes, you’re in the company of 83 percent of homeowners, according to Zillow’s annual report on Consumer Housing Trends. In fact, 63 percent have no intention of moving, either because they’re content with their current home, or deterred by the inconvenience it’d be to pack up and relocate.

Americans in general would rather renovate than sell, according to another related report by Zillow. More than three-quarters (76 percent) prefer to spend on upgrades, instead of a down payment on a new place—a catch-22, because when homeowners don’t list, inventory suffers.

“Even in a seller’s market, simultaneously buying and selling is an exercise in frustration,” says Skylar Olsen, director of Economic Research and Outreach at Zillow. “Add to that the emotional history between you and your home, and it’s no wonder low inventory has been in a self-fulfilling cycle. Homeowners may hesitate to sell because of limited options for them as buyers, but by holding on to their homes, they are themselves contributing to low inventory.”

Americans are discouraged, as well, by growing mortgage rates, which is affecting affordability—why choose a higher rate, when you can hang on to a lower one? According to Freddie Mac, mortgage rates are rising toward 5 percent.

There has been a more than three-year downtrend in housing inventory, Zillow data show.

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

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at [email protected]. For the latest real estate news and trends, bookmark RISMedia.com.

The post Move? No Thanks, Homeowners Say appeared first on RISMedia.

Renters’ Top Priority? Finding an Affordable Property

NAR Daily News Magazine - October 12, 2018 - 1:00am

Rent-seeking tenants’ top priorities include price and location—two factors that they say are also the least negotiable, according to a new survey.

HUD Awards $47M in Housing Counseling Grants

NAR Daily News Magazine - October 12, 2018 - 1:00am

The department has earmarked $47 million for housing counseling grants to help about 1 million households find housing or avoid foreclosure.

Google Plus Is Shutting Down: What You Should Do

NAR Daily News Magazine - October 12, 2018 - 1:00am

About 20 percent of real estate professionals say they use the platform in their business. Here’s what to do about Google’s announcement this week.

Mortgage Rates Jump to 7-Year High

NAR Daily News Magazine - October 12, 2018 - 1:00am

The 30-year fixed-rate mortgage rate inches closer to the 5 percent threshold.

Are Investors ‘Short-Sighted’ About Climate Risk?

NAR Daily News Magazine - October 12, 2018 - 1:00am

Consumers are flocking to some of the most disaster-prone areas of the country, and investors are following the demand. Is that a wise investment strategy?

Legal Uncertainty Keeps Association Health Plans on Hold

NAR Daily News Magazine - October 11, 2018 - 1:00am

Four months after getting a boost of support, NAR and other trade associations across the country are still facing several hurdles in the push for a nationwide association health plan.

Midsized Markets Poised for Investment Boom in 2019

NAR Daily News Magazine - October 11, 2018 - 1:00am

Underdeveloped and underserved areas of the country may soon see more opportunities to attract diverse workers and spark demand for housing, according to the Urban Land Institute’s 2019 Emerging Trends report.

Foreclosures Sink to 13-Year Low

NAR Daily News Magazine - October 11, 2018 - 1:00am

More foreclosed homes are disappearing from community listings, but there are a few pockets where you can still find them.

Millennials: Homebuying, Retiring Prioritized Over Marriage

NAR Daily News Magazine - October 11, 2018 - 1:00am

The younger generation of buyers say owning a home is a milestone that defines their success, according to Bank of America’s Homebuyer Insights Report.

Hurricane Michael: ‘Worst Storm Ever to Hit Florida Panhandle’

NAR Daily News Magazine - October 11, 2018 - 1:00am

“We’re Floridians—we know that disasters can happen at any time,” says the Florida REALTORS® president. But will the state be ready for 200 miles of destruction?

How Redevelopment Can Stay True to Community Culture

NAR Daily News Magazine - October 11, 2018 - 1:00am

Property reuse projects are most successful when developers put less emphasis on ROI and focus more on preserving and enhancing neighborhood character through redevelopment, architecture thought leaders say.

Is Largest U.S. Home Builder Pulling Back?

NAR Daily News Magazine - October 10, 2018 - 1:00am

Lennar is considering selling its real estate lending arm, Rialto Capital, in an apparent bid to concentrate on its core business in what some see as a softening market. 

Latest Luxe Amenity? Panic Rooms

NAR Daily News Magazine - October 10, 2018 - 1:00am

Homeowners are rushing to add bulletproof fortresses to their homes in the Hamptons in New York, as fears rise there over Salvadoran gang MS-13.

84k Homes Now at Risk of Hurricane Michael

NAR Daily News Magazine - October 10, 2018 - 1:00am

If you know any Florida homeowners, tell them to get to safe ground and check their insurance. Meteorologists warn the hurricane could become the strongest storm in history to strike the Florida Panhandle.

What Buyers Should Ask After a Home Inspection

NAR Daily News Magazine - October 9, 2018 - 1:00am

Advise your buyers to seek clarification on anything the home inspector may have found in order to move forward confidently.

Video: Brokerage Teaches How to ‘Duffy’ With $45M Listing

NAR Daily News Magazine - October 9, 2018 - 1:00am

The listing agent spent $50,000 to create a music video with hip-hop artists to show off this high-priced waterfront home. 

Two-Thirds of Buyers Fail to Shop Around for a Mortgage

NAR Daily News Magazine - October 9, 2018 - 1:00am

The lack of buyers perusing rates may be causing more confusion over which mortgage is right for them, a new study finds.