General News - Real Estate, Updates, News & Tips

Inventory Crisis Pushes Down Existing-Home Sales

Following months of sharp gains, existing-home sales reversed course in February, falling 6.6%, the National Association of REALTORS® reported Monday. However, the dip—precipitated by a persistent inventory crunch that’s getting worse—isn’t necessarily a significant drag on the real estate market, says NAR Chief Economist Lawrence Yun. “The market is still outperforming pre-pandemic levels,” he says.Despite the supply challenges, all

Read More

Mortgage Rates Continue to Climb

Sub-3% mortgages are slowly fading into the rearview mirror as the 30-year fixed-rate mortgage continues to inch up. The 30-year fixed-rate mortgage averaged 3.09% this week, Freddie Mac reports.Economists continue to remind consumers that mortgage rates are still near historical lows and are hovering around 3%. “Even though mortgage rates will likely continue to rise later this year, with the Fed keeping interest rates low, mortgage rates

Read More

Despite Buyer Demand, Builders Slow Production

Construction on new homes weakened in February as material costs—notably on lumber—continued to challenge growth in new-home construction.Housing starts—including for single-family and multifamily building—fell 10.3% to a seasonally adjusted annual rate of 1.42 million units in February, the U.S. Department of Housing and Urban Development and Census Bureau reported Wednesday. Broken out, single-family starts fell 8.5% last month to a 1.0

Read More

Baby Boomers are the Richest Home Sellers

Baby boomers tended to make up the majority of sellers last year—at 43%—and they also saw the highest profits, too.Overall, home sellers of all age groups who sold their homes last year saw a median gain of $66,000 more than what they originally purchased for—a $6,000 increase compared to the previous year. But for sellers ages 66 to 74, they saw a median gain of $100,000 in equity, according to the National Association of REALTORS®’ “

Read More

The Top Green Features Buyers Seek in New Homes

Energy efficiency is on many buyers’ minds when they shop for new-home construction, according to a consumer survey from the National Association of Home Buyers. The NAHB surveyed more than 3,000 home buyers—both recent and prospective—on the features they most desire in their new home.Many buyers said they’d go with the more sustainable option, such as the use of more durable materials in their home, when presented the option.When the co

Read More

Green Hues a Popular Option to give Kitchens a Natural Feel

Green has become a popular color in kitchens. Appliance manufacturers are reporting an increase in demand for new, custom-colored appliances in green, Forbes.com reports. Also, many designers are calling cabinets that have been painted green a rising trend to watch in 2021, whether the hue is displayed on all the surrounding cabinets or reserved for the kitchen island.The appliances aren’t quite matching the likes of the 1970s avocado-green cra

Read More

Welcome to the Team Lana Perry-Troxell Dealing the S.F. Bay Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

Read More

Advantages First-Timers have over Repeat Buyers

Even as home prices rapidly escalate, many first-time home buyers—a group economists long feared would be priced out of the market—are finding they actually have advantages over repeat buyers: more flexibility in the transaction and access to a greater variety of financing options. Flexibility is particularly helpful when shopping for a home in today’s competitive market, characterized by commonplace bidding wars.Many repeat buyers require

Read More

Markets with the Largest Listings

The McMansion, which was popular in the 1980s and ’90s, is having a renaissance as demand surges during the pandemic for larger properties with expansive yards. Homes that are 4,000 square feet or more sold 70% faster than smaller homes nationwide in February, according to realtor.com®.Realtor.com®’s research team evaluated the 150 largest metros for the highest percentage of single-family listings that are 4,000 square feet or more. They t

Read More

The Most Sought-After Apartment Amenities

Lifestyle improvement has emerged as the main motivator for renters looking for new spaces a year after the COVID-19 pandemic began, according to a new survey from RentCafé. Back in March 2020, the top renter preference centered around pricing.In the latest survey, 41% of renters chose “open-air amenities” and “more space” as their most essential apartment features, outranking work-from-home amenities like a home office (5%) or a “good

Read More

This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.