The National Association of REALTORS® is helping to foster ethical practices on a global scale, signing an accord last week with a coalition of Central and South American nations to reaffirm a commitment to the Code of Ethics in the region.The move came during the III Latin American Real Estate Congress, a meeting of the Confederación Inmobiliaria Latinoamericana (CILA) and the Costa Rica Chamber of Real Estate Brokers, in San Jose, Costa Rica,
One in four properties nationwide are “equity rich," according to a new report released by real estate data firm ATTOM Data Solutions. To be considered as such, homeowners with financing must currently hold a mortgage that is 50 percent or less of the property’s estimated market value. As home prices keep setting records, the number of homeowners with equity in their homes is growing. More than 13.6 million properties were considered “equi
More than 43 percent of renters say they’ve found online rental listings that seemed fraudulent, and more than 5 million say they’ve actually been scammed—sometimes to the tune of thousands of dollars—according to a new report released by rental website ApartmentList.com.Renters may be less diligent in researching apartments when feeling the urgency to move, says Igor Popov, chief economist at Apartment List. “There are lots of cases wh
The trend of slow-to-launch millennials staying at home with mom and dad has led to about 2.4 million fewer households forming, according to a National Association of Home Builders analysis. The rise in housing costs and personal debt are the chief factors keeping millennials at home, economists say.The number of young adults who are living with their parents or other relatives has increased from 15.3 percent in 2000 to 26.3 percent in 2016, acc
Tom Ferry’s tips to show you care – and create raving fans! Technology makes our lives easier, no doubt.But are we ignoring the personal connections that are so critical to our long-term success?In an age of buying online leads, communicating with clients through texts or occasionally commenting on a past client’s Facebook post to keep in touch, we’re in danger of losing the real, emotional connections so vital to building and maintaining
7 photography and videography tips for an eye-catching virtual tour It’s no surprise that the vast majority of potential home buyers are using the internet to search for houses. Recent studies show that buyers are paying particular attention to photos and virtual tours. So, how can you do more with your photography and videography to better position your listing?Below are seven tips to capture the eye of potential buyers and inspire them to sch
It’s a good time to be selling high-end real estate: The luxury market is posting a record number of sales, and 19 major areas also saw double-digit gains in July, according to realtor.com®’s 2018 Luxury Home Index. The index measures the entry-level luxury price tier, which is the top 5 percent of residential sales among 91 U.S. counties.In 49 of the 91 markets analyzed by realtor.com®, the luxury tier had an entry point of at least $1 mi
Mortgage financing giants Fannie Mae and Freddie Mac announced that homeowners affected by the record-breaking wildfires across California may be eligible to stop making mortgage payments for up to 12 months.Borrowers living in Federal Emergency Management Agency-declared disaster areas are eligible for up to 12 months of forbearance with their mortgage. The government-sponsored enterprises will also waive assessments of penalties or late fees ag
Two homes for sale in Las Vegas formerly belonged to Stephen Paddock, the man who carried out the deadliest mass shooting in U.S. history. The homes are listed in Mesquite and Las Vegas, and all proceeds of the sales will be sent to the shooting victims’ families.Paddock, 64, opened fire on hundreds of concertgoers attending the Route 91 Harvest festival on Oct. 1, 2017, blanketing the area with gunshots from the 32nd floor of his Mandalay B
Borrowers saw a little relief from recent increases. Mortgage rates dropped slightly this week, with the 30-year fixed-rate mortgage averaging 4.59 percent, Freddie Mac reports.“This stability is much needed for home sales, which have crested because of the multiyear run up in prices, tight affordable inventory, and this year’s higher rates,” says Sam Khater, Freddie Mac’s chief economist. “Going forward, the strong economy will support
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