Buyers may be getting more opportunities to purchase a home on spec again. Following the housing crash, builders mostly put the brakes on spec building, waiting until a contract was in hand before they started construction. But now, 10 years after the crash, home builders reportedly are cautiously venturing back into spec-home building in order to meet the increase in buyer demand, particularly among the entry-level market.“There’s very stron
Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500.The gap between appraiser and homeowner views on price is spreading wider, according to the latest National Quicken Loans Home Price Perception Index. April marks the fifth consecutive month that the gap between price opinions has widened. In March, homeowners esti
Some sellers have a house full of belongings that they need to dispose of before putting their home on the market. In these cases, an estate sale may be necessary to get rid of the items quickly while also putting some extra cash in your pocket.Don’t… Throw anything away. Likewise, don’t casually give items to friends and family, thinking they’re not really worth much. Let the estate sale pro review your assets before you decide to dispo
Forty-nine percent of those who don't own their homes say they expect to purchase a home within the next five years. Ten percent say they plan to buy within the next year, according to a recent survey by Gallup of more than 1,500 adults. An additional 20 percent of non-homeowners say they plan to become homeowners within 10 years.That leaves only 28 percent who say they have no plans to buy a home, according to the Gallup poll.The percentage of
The student housing market is hot. Sales of this market segment are outperforming the rest of the commercial sector in the first quarter. In fact, if investors continue to buy and sell student housing at the current rate, they’re on track to match the record acquisition volume of 2016.Investors purchased and sold $1.1 billion in student housing properties in the first quarter of 2017, according to CBRE, a real estate services firm.For the past
Mortgage volume is starting to rise again, and home buyers are fueling the increase.Total mortgage application volume, including for refinancings and home purchases, rose 2.4 percent last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday.Home buyers are seemingly undeterred by higher home prices and the limited number of homes for sale. Mortgage applications to buy a home increased 2 percent last week and ar
Businesses have been knocking down walls to create an “open office” that fosters interaction and collaboration with coworkers. But the trend may have backfired.New research shows employees suffering from “visual noise,” the activity or movement around their field of vision, may experience dampened analytical thinking, creativity, and productivity.“If we see a bunch of people gathering in our peripheral vision, we wonder, ‘What are th
Can senior-living communities be generated organically as boomers age? A look at Morningside Heights, a residential neighborhood in northwest Manhattan near Columbia University, indicates this might be a strategy for aging in place in a more fluid way.The community is what the New York City Department for the Aging calls a naturally occurring retirement community, or “a multiage housing development or neighborhood that was not originally built
In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes.Delaying“Time kills deals,” says Andrew Sandholm of BOND New York Properties in New York. “Dragging your feet means you could wind up paying more in a bidding war situation or missing out on the property altogether.” Buyer
Jeff Lobb, co-founder of SparkTank Media, has spent more time on stages across real estate events over the past five years than most.Between moderating critical conversations to keynoting leading technology conferences, Lobb consistently over-delivers from stage with a message that is engaging, actionable and memorable.Jeff LobbWith Inman Connect San Francisco around the corner, we caught up with Jeff on how anyone can take their presentation ski
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