With the median sales price for existing homes reaching a new high last month, the availability of affordable housing is dwindling, causing a “crisis” in some areas of the country, says Lawrence Yun, chief economist for the National Association of REALTORS®. Higher-priced homes now make up the majority of available inventory—which is the lowest it’s been in decades—making it harder for home buyers to achieve homeownership.“There is a
iPro currently deals throughout the states of California and Texas with new offices in New York and Florida. We continue to strive to broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on how to become a salesperson.
Over the years, Inman has published a series of stories on indie brokers, including surveys and reports on their DNA, their operations and their strategies. We have profiled a variety of companies and their founders and put the best ones on stage to share their successes.The characteristics below represent the ideal makeup of a successful indie broker. Many of the fastest-growing indie brokers built their business in and around the Inman communit
Net-zero construction is growing rapidly: In 2016, 33 percent more net-zero units were built across the United States and Canada than in the previous year. In total, that's 8,023 new single-family and multifamily net-zero units added to the pipeline in one year.Net-zero homes are structures that produce at least as much energy as they consume. More builders are experimenting with net-zero construction; prominent examples include a big suburban de
The majority of Americans and Canadians say their nations are not doing enough to address and solve affordable housing needs, according to the Habitat for Humanity’s Affordable Housing Survey. Escalating costs remain a top barrier preventing families from accessing decent homes with affordable mortgages, the survey says.“In many ways, housing is an invisible crisis,” says Jonathan Reckford, CEO of Habitat for Humanity International. “T
Home prices are surging in most of the country, but in a few select cities home shoppers may find affordability headed slightly in their favor. GOBankingRates analyzed the 250 largest U.S. cities by population to determine where home prices are dropping the most. Nine major cities saw prices drop by $5,000 or more year over year.1. Sugar Land, Texas April 2016 median list price: $415,495 April 2017 median list price: $399,500 Year-over-year chan
RentHop, an online rental listing platform, conducted a study that unveiled the most common rental scams and how to avoid them. Property managers and agents who work with renters should pass these warning signs and tips on to their clients. Money wiring: If potential renters are ever asked to wire funds via Western Union or Money Gram or through an “escrow service” before they’ve even seen the property, then the apartment probably doesn't e
Engage your audience with a mix of personal and helpful contentWhen was the last time you checked your Facebook feed?If it’s been more than a few minutes, you’re one of the few who can resist the allure. Real estate agents live on Facebook, and it makes perfect sense. That’s where their sphere is. And that’s where they can make new connections quickly and inexpensively.But posting on Facebook is another thing. It’s tricky to strike the
Fannie Mae, the largest source of mortgage funds in the U.S., made changes last month to its underwriting requirements that aim to make it easier for home buyers with college debt to qualify for financing.The company is no longer factoring in debt that’s being paid by someone else when calculating a loan applicant’s debt-to-income (DTI) ratio. If loan applicants are getting their car payments or student debts taken care of by someone else, f
A butler’s pantry could be a strong selling point for your listing. These spaces are often used as staging areas for meal prep and typically include a countertop and cabinets for storing tableware, dishes, serving pieces, and other items. More upscale butler’s pantries may include a dishwasher, small refrigerator, or sink.Reba Haas, a real estate professional with RE/MAX Metro Realty in Seattle, says buyers are drawn to the accessibility of
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