Fifty-eight percent of homeowners plan to spend money on home improvement projects this year, according to a recent survey by LightStream Home Improvement, a national online lending division of SunTrust Banks Inc.Outdoor improvements, including decks, patios, and landscaping, remained highest on owners’ to-do lists for the fifth consecutive year. Interior renovations also are popular: Nearly a third of homeowners say they plan to remodel a bath
Developers have built thousands of senior housing units in many markets, but the glut is outpacing demand and causing the sector to slow, CoStar Group reports. The overbuilding is most prevalent in suburban areas, notes JLL’s Year-End 2017 Senior Housing Investor Survey.More than 10,000 baby boomers turn 65 each day, and many economists predict that senior housing will be a strong market. While the long-term prospects for the sector are strong,
Even though some homes are marketed as energy-efficient and environmentally friendly, your buyers should do their own research on the property to confirm its sustainable features. “Greenwashing,” a misleading practice in which homes are marketed as green when, in reality, they have few such features, is becoming a growing problem, according to an NBC investigation.“Green is more than just energy efficiency,” Richard Durling, owner of sout
Investors can see big returns on real estate, but the most successful tend to have a strong understanding of how to evaluate their options before purchasing. Forbes.com recently highlighted some winning strategies for profitable real estate investing: Focus on potential income, not personal like and dislikes. Purchasing an investment property is different than buying residential real estate. Investments need to center on the numbers—the combin
Home prices in most U.S. housing markets are reaching their peak, but there’s no need to fear a repeat housing bust, according to a new joint analysis by Florida Atlantic University and Florida International University. Throughout the majority of the country, home prices have been rising steadily since 2012, and there are signs the runup may be starting to slow.“Housing markets are slowing, suggesting that we are nearing a peak in housing mar
Rising mortgage rates could have a big impact on the direction your buyers choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage broker at Marine Bank in Indianapolis, told realtor.com®. “Some people may have to rent for a period of time until they make more money—or buy a smaller house.”To avoid f
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5 simple tips to becoming more productive this springWe all know it’s the time of year for real estate agents nationwide to start gearing up for the busy spring season, one of their busiest of the year. It’s a time of new beginnings, new clients, and hopefully, more commissions.Hope springs eternal at this time of year and the 2018 buying season is expected to be busier than usual, as fear of increased mortgage rates could spring more buyers
Tom Ferry reinvents the listing presentation for maximum impactHow many times have you walked out of a listing presentation empty-handed, feeling dejected and wondering what you could have done differently?Here’s the painful truth: too many agents blow it once they get to the listing appointment. And after all the time, money and resources spent on getting in the door, the last thing you want to do is lose the listing to another agent.In this a
The spring selling season is upon us, and while it’s traditionally the busiest time of year for real estate, this spring promises to be even more competitive than usual—particularly for first-time home buyers. With ultra-tight inventory and continually increasing home prices, it’s imperative that your buyers be ready to make an offer and move forward on a purchase contract at a moment’s notice.“Beyond educating your buyers about the rea
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