Millennials purchased 36 percent of homes last year, which is the highest share of any age group, according to the National Association of REALTORS®. But faced with one of the tightest, most competitive housing markets in years, they’re being pushed out of some of the the nation’s largest and priciest cities.Therefore, young home shoppers are relocating to more affordable parts of the country. Realtor.com® identified cities with the highest
A new federal rule is expected to exempt nearly one-third of commercial property sales from needing an appraisal. The rule, which was adopted by the Federal Reserve Board, Federal Deposit Insurance Corp., and Office of the Comptroller of the Currency, doubles the threshold for commercial real estate deals that require an independent appraisal.Under the new rule, commercial property sales of $500,000 or less are exempt from the appraisal requireme
3 time management activities to book more appointmentsI’m sure it’s happened to you.You show up at the office with the best intentions to make the most of your day. Yet hours later, you head home feeling like you didn’t accomplish one thing that will bring in the bucks.In this business, it’s way too easy to waste time on “busy work” that doesn’t contribute to your bottom line.To combat this dilemma, I’ve got three money-making act
4 key concepts real estate professionals should adoptAs the real estate industry continues to evolve, the importance and value of delivering an exceptional client experience has never been higher.Yet, every day seems to bring a new entrant to the market that claims to provide better, faster transactions — without the need for human touch.But real estate will always be deeply human with great service marked by standout personal service. With all
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Freddie Mac is debuting a new 3 percent down payment option for qualified first-time buyers that could put it in direct competition with the Federal Housing Administration’s low down payment mortgage. The mortgage financing giant announced Thursday that it is rolling out a new conventional 3 percent down payment option called HomeOne, which will not have any geographic or income restrictions.Freddie’s expansion into small down payment loan p
Whether you’re speaking in front of your office or presenting at a real estate conference, sweaty palms, shaky hands, and an accelerated heart rate are pretty common reactions. In fact, more than 70 percent of adults fear public speaking. But you don’t have to let that anxiety hold you back from delivering a strong, influential presentation. Here are five tips from marketing expert and speaker Marc Gordon for keeping your cool and captivating
Over the last year, more Americans became homeowners as the number of renters continued to decrease. The homeownership rate in the first quarter was unchanged at 64.2 percent, higher than last year’s 63.6 percent, the Census Department reported Thursday. This is also the fifth consecutive quarter of yearly increases in the ownership rate.The homeownership rate has been gradually climbing back since hitting a 50-year low in 2016. The rate peake
Mortgage rates continued their climb this week, reaching their highest level since 2013.“Higher Treasury yields, driven by rising commodity prices, more Treasury issuances, and the steady stream of solid economic news are behind the uptick in rates over the past week,” says Sam Khater, Freddie Mac’s chief economist. “Despite the increase in borrowing costs, demand for home purchase credit remains solid.” The Mortgage Bankers Associatio
Gmail, the world’s most popular email service, underwent a big transformation this week. Among the changes, users can now do email snoozing, nudging, and confidential mode.The changes are being phased in gradually to Gmail’s 1.4 billion users. Jacob Bank, lead product manager for Gmail, told The Verge the redesign is to make “people safer and more productive” when using the email service.Here are a few of the changes Gmail users can expec
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