Millennials make up a quarter of the nation’s population and are expected to have huge influence over real estate in the coming years. But though the millennial population increased 4.7 percent between 2010 and 2015, according to Census data, the growth has not occurred evenly across geographic areas. The cities with the highest share of millennials as of 2015 are: Provo-Orem, Utah: 30.4 percent Austin, Texas: 27.2 percent San Diego: 27 percent
The Super Bowl attracts hundreds of millions of dollars in local tourism and retail business for the city that hosts football’s annual mega-event, but does it have a long-term impact on home sales?Realtor.com® researchers discovered that in host cities, there tends to be at least a 50 percent jump in the number of listings near the stadium where the game is held leading up to the Super Bowl. However, the longer-term impact varied and was more
In FBI surveillance video, a young man of about 18 sits at his computer in his room. His mother, donned in a white bathrobe, approaches with a plate of cookies, sets it on his desk, and walks away as he continues to stare intensely at his computer screen. He’s not immersed in a video game. This man—perhaps a recent high school grad still living at home with his parents—is a typical hacker. And he's one of many who are increasingly disruptin
How to continue marketing yourself after the saleNEW YORK — A real estate agent’s job doesn’t end after the sale. Because referrals are so crucial to meeting new clients and expanding your base, a sale is just the beginning of a long-term relationship between agent and client. Caroline Bass“I believe [our success with referrals] is due to all of the practices put in place after closing,” Caroline Bass, a broker with The Corcoran Gro
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The healthy-home movement is gaining traction, and more builders are offering products to help owners maintain cleaner homes. KB Home announced this week that it will offer door hardware on its new homes that has antimicrobial product protection.KB will be using the door hardware from Kwikset, which manufacturers products with antimicrobial coating that prevents the growth of bacteria. The antimicrobial protection is to be for the lifetime of the
President Donald Trump’s State of the Union address is slated for next week, but realtor.com® released its own “State of the Housing Union.” The housing market outlook is looking bright on several fronts: strong buyer demand, particularly among first-timers, and a growing U.S. economy urging more consumers to buy.But a housing shortage is also proving to be a major obstacle to achieving homeownership, according to the report.“The macro f
Fixed-rate mortgages increased again this week, the third consecutive week to see a rise.“Rates keep climbing,” says Len Kiefer, Freddie Mac’s chief economist. “The 10-year Treasury yield reached its highest point since 2014 reflecting expectations of broad-based economic growth. Mortgage rates, in turn, followed the surge in Treasury yields. The 30-year fixed rate mortgage jumped 11 basis points to 4.15 percent, its highest level since M
Major metros can still offer bargains for investors. Chicago emerged at the top of the list as the most affordable metro for renters, according to newly released rankings by HomeUnion, a real estate investment management firm. Chicago was the only metro nationwide in its analysis where renters, in general, spent less than 20 percent of their annual income on housing.“With its low cost of living, relatively large housing inventory levels, and hi
More buyers purchased new homes last year. The sale of newly built single-family homes rose 8.3 percent in 2017 compared to the previous year.“The number of consumers planning to buy a new home in the near future is trending upward,” says Randy Noel, chairman of the National Association of Home Builders. “Inventory remains low, but its growth in 2017 is an encouraging sign. Our members are telling us that market conditions continue to impro
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