The general housing market is not the only one facing a housing shortage and rising home prices. Several luxury markets are now seeing prices skyrocket too from the limited number of homes for sale. Reno, Nev., is seeing some of the fastest price growth in the U.S. in its luxury market, according to newly released realtor.com® data.In the Reno metro area, the average sales price of a luxury home has surged 53.3 percent in February compared to a
Mortgage rates have mostly taken a pause after a series of rises in April. The 30-year fixed-rate mortgage averaged 4.55 percent last week, unchanged from a week ago.“The minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth, and restrained inflation,” says Sam Khater, Freddie Mac’s chief economist. “As we head into late spring, the demand for purc
Rising incomes are helping to offset recent increases in mortgage rates and gave a boost to housing affordability in the first quarter of this year, the National Association of Home Builders/Wells Fargo Housing Opportunity Index shows.The index showed that 61.6 percent of new and existing homes sold between the beginning of January and the end of March were affordable to families earning the U.S. median income of $71,900. That does mark an increa
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit iprore.com for the latest information and links.Click here for information on becoming a salesperson.
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit iprore.com for the latest information and links.Click here for information on becoming a salesperson.
Negotiation is a crucial form of communication, no matter how much people hate doing it. Whether it happens in a workplace or during a transaction, a negotiation does not always equal a conflict. Embrace the fact that the conversation is about communicating needs, writes Sara Lindberg in a recent Business Insider article.Those negotiating must be open to compromising and saying no if they don’t like the offer—for a higher chance of success, L
Teacher salaries have been in the spotlight recently following a six-day teacher strike in Phoenix. Only 0.5 percent of the 14,406 homes for sale in Phoenix are affordable to the average local teacher’s annual salary of $45,965, according to a new report released by Redfin.Last week, Arizona lawmakers approved a 20 percent wage increase for teachers across the state. The share of homes affordable to Phoenix teachers will then double to 1.1 perc
California will become the first state to require all new homes to have solar power. The new requirement, which was approved by a five-member California Energy Commission on Wednesday, will take effect in two years.“You can bet every state will be watching to see what happens,” Bob Raymer, senior engineer for the California Building Industry Association, said in the public comments prior to Wednesday’s vote.New Jersey, Massachusetts, and Wa
Regardless of its size, a home's outdoor space should be a showpiece in a listing.“This year it’s really about making your outdoor space function like an interior space for all things fun, lounging, and entertaining,” Gretchen Kennelly, a San Diego interior designer, told realtor.com®.Designers offered up some of their trend insights to realtor.com® for homeowners or sellers trying to maximize a home’s outdoor potential, including:Al
Fair housing is still an ongoing effort. In 2017, nearly 30,000 housing discrimination complaints were filed, a slight increase from 2016, according to the 2018 Fair Housing Trends Report: Making Every Neighborhood a Place of Opportunity. The report was released by the National Fair Housing Alliance. The NFHA asserts there are many more cases that are unaccounted for and estimates the number of offenses is around 3.7 million annually.More than h
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