A college town can be a great spot for investors. Rents are usually stable and there’s generally always a pool of tenants to choose from.“It’s always great to invest in a location where there is a large pool of tenants, which is exactly what you get when you invest in a property near a school like Georgia Institute of Technology,” says Rory Haigler, a Redfin real estate professional. The Georgia Institute of Technology topped Redfin’s l
Millennials love to conduct many aspects of their lives online, but a new survey says that’s not always true when it comes to real estate dealings.Seventy-five percent of millennials recently surveyed by financial wellness website CentSai say they prefer the help of a local real estate agent than an online agent. Seventy-one percent would also prefer to work with a local mortgage lender. They cited more desire for face-to-face collaboration, as
Baby boomers are expected to sell their homes in large numbers over the next decade.Arthur C. Nelson, a University of Arizona professor, predicts the “great senior sell-off” will occur in the mid to late 2020s. It's a few years later than what Nelson had originally predicted in 2013 (he originally said by 2020). He says baby boomers are living in their homes longer, holding off on selling in the hopes of netting an even higher price later on.
Design TV shows make it look so easy: Just remove a wall or two and you have the open floor plan you’ve always wanted. But not so fast.Tearing down a wall could open up a host of other problems—some structural, if not done properly. It could also prove unexpectedly costly.To hire a professional contractor to remove a wall could cost you anywhere from $500 to $4,000, according to HouseLogic.com. To that cost, you’ll likely want to add a stru
Nationwide housing starts dropped in March, despite continued high buyer demand, which is adding pressure to overall home prices.Housing starts for single-family and multifamily homes dropped 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Tuesday. Broken out, single-family production plunged 6.2 percent to an annual rate of 821,000 units in March month over month, following a stro
Which housing markets are emerging as top performers this spring season? Ten X, an online real estate marketplace vendor, factored in pricing, sales, affordability, permit activity, economic and demographic growth, and forward-looking data such as economic and population forecasts, to come up with a list of housing market champs for this spring.They are listed below, along with year-over-year changes in seasonally adjusted median prices and sales
Builders are going smaller with apartments, banking on a lure of tiny studios among the 20-something crowd.As rents have skyrocketed over the past few years, particularly in coastal cities, some developers responded with offerings of smaller and less pricey apartments. But now they’re realizing some renters will even pay a premium even when space is tight. As such, in big and small cities—like Milwaukee, Cleveland, Detroit, and Kansas City, M
A home’s value generally appreciates 3 percent to 4 percent every year, which is attributed mostly to population growth and inflation. However in 2016, homeowners saw appreciation jump to an average of 6.3 percent.Realtor.com®’s research team sought to find out what would boost a home’s value even more and what home features buyers may be willing to pay more for. Researchers analyzed millions of listings on realtor.com® from 2011 to 2016
Americans with an education level of bachelor’s degree or higher are more likely to own a home by age 30, according to a new study from the Federal Reserve Bank of New York. That's regardless of their student debt situation too, the study finds.Researchers who tracked college attendance and homeownership rate by age for those born between 1980 and 1986 concluded that college graduation is associated with higher homeownership rates. By age 33, t
Guard Llama, a safety company that was part of the National Association of REALTORS®' REach technology accelerator program in 2015, scored big on ABC's "Shark Tank" on Friday. The company received a $100,000 investment deal from real estate tycoon Barbara Corcoran, one of the show's celebrity hosts.Corcoran also granted Guard Llama cofounders Joe Parisi and Nick Nevarez the right to use her image on their product—a handheld device that connect
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