Realtors said that the most valuable tech tools increase efficiency and make it easier to work remotely. The most valuable tools in their arsenal? Local MLS websites/apps (64%), lockbox/smart key devices (39%) and social media (28%).
Study: In the 1970s, 9 out of 10 second-home owners used the property only for their own needs, but now – thanks in part to the ease of short-term renting through firms like Airbnb – a majority of buyers view second homes as a financial investment.
In Q2 2018, investment sales slowed, sales volume rose by only 0.5 percent on a yearly basis, and cap rates moved sideways. Low inventory remained the principal concern for REALTORS®, as a wide pricing gap between buyers and sellers affected over 20 percent of respondents. Prices grew 5.1 percent year-over-year. Leasing activity picked up, as […]
In Q1 2018, sales volume rose by 4.2 percent on a yearly basis, as cap rates experienced slight compression. Low inventory remained the principal concern for REALTORS®, as a wide pricing gap between buyers and sellers affected about 20 percent of respondents. Prices grew 6.7 percent year-over-year. Leasing activity moderated, posting higher volatility, as vacancies […]
Highlights include an advocacy win to extend National Flood Insurance Program, a guide to getting started in commercial real estate investing from RPR®, a look at adaptive reuse from CCIM Institute, IREM®s annual Income/Expense Analysis Forms, and more.
Flood insurance is extended. Lots of opportunities in commercial investment in smaller markets. Home sales slow as inventories remain a problem. More agents are in the business. Fewer international investors are buying U.S. homes. The upcoming iOi Summit promises competitive advantage.
2018-07-02 12:37 PMCommercial DigestCommercial Digest features exclusive content for commercial real estate professionals in a short, concise format delivered straight to your inbox, or available online. Exclude from boxes: Who can see this: Public
It has been more than three years since the Supreme Court ruled in favor of marriage equality, paving the way for the continued increase of LGBT married couples purchasing homes, according to the National Association of Gay and Lesbian Real Estate Professionals’ (NAGLREP) second annual LGBT Real Estate Report, an online survey of 485 members […]
Hurricane Florence is imminently making landfall, with the Category 4 storm (at press time) on track to batter the Carolinas and parts of Virginia, causing catastrophic damage in the region. According to CoreLogic preliminary projections, an estimated 758,657 homes could be devastated by the hurricane’s storm surge, and reconstruction could total up to $170.2 billion. […]
Leading Real Estate Companies of the World® CEO/President Paul Boomsma (Credit: AJ Canaria of PlanOmatic) Against a backdrop of changing consumer preferences, technology and shifts in Washington, brokerages are navigating new territory—one where the customer experience is tops, and creativity, inclusiveness and leadership are non-negotiables for success. For Paul Boomsma, CEO of the expansive Leading Real […]
The confidence consumers have in housing is picking up steam—but not because of the market outright, according to the August Fannie Mae Home Purchase Sentiment Index® (HPSI). At 88, the gauge grew 1.5 percentage points month-over-month; however, the confidence consumers have is on par with the prior year, and they are more keen on macro […]
In August, consumer confidence rose, posting a 133.4 reading in the Consumer Confidence Index® from The Conference Board. July’s reading was 127.9. The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, improved, as well, to 107.6, while the Present Situation reading, which gauges […]
Home prices are still on a tear, but growing less significantly than in 2017, according to CoreLogic’s latest Home Price Index (HPI™) report. In July—around the height of one of history’s hottest housing markets—prices rose 6.2 percent year-over-year, the report shows. “With increased interest rates and home prices, the CoreLogic Home Price Index is rising […]
With affordability draining quickly, the gap is growing between the amount of buyers with a desire to purchase, and the amount of buyers who actually can. According to an analysis newly released by realtor.com®, the cost of homeownership has increased more than three times the price of renting today—and, areas in growing numbers are unaffordable. […]
Every housing market is unique—in one area, your budget can equal lots of space, and in another, it can mean no spare square footage. Nationwide, the ratio has shrunk, according to an analysis newly released by Zillow. Twenty years ago, $1 bought 2.09 square inches; in 2008, it bought 1.23 square inches. Today, $1 buys […]
Editor’s Note: The Disruptor Roundup analyzes companies implementing unconventional models. Ribbon is a cash-buyer intermediary that allows homebuyers to beat out the competition in a busy market with multiple-offer scenarios. Buyers have the competitive edge by being able to submit an all-cash offer on the home, removing any contingencies the buyer would normally require, such […]
U.S. housing markets, when viewed as a whole, are now in rent territory, meaning renting and reinvesting, on average, will outperform owning and building equity in terms of wealth creation, according to the latest national index produced by Florida Atlantic University and Florida International University faculty. The last time U.S. markets as a whole crossed […]