Real estate professionals are desperate to find more homes to list. Some homeowners say they’d sell if they could, but their mortgage is still too high. Nearly 3 million homeowners still remain in a negative-equity position in their home.That translates to about 5.4 percent of all properties with a mortgage that remain in a negative-equity position, in which the owners owe more on the mortgage than their home is currently worth, according to re
Green home construction has moved into the mainstream among single-family and multifamily home builders, according to the new report “Green Multifamily and Single Family Homes 2017 SmartMarketBrief.” The report was conducted by Dodge Data & Analytics in conjunction with the National Association of Home Builders.At least one-third of builders surveyed say green building is a significant share of their overall activity (more than 60 percent
California continued to dominate realtor.com®’s latest rankings of top-performing housing markets. The state boasted 11 metros on this month’s top 20 list for markets that are seeing the quickest sales and most buyer demand online at realtor.com®.For the first time in several months, Vallejo, Calif., fell from its number-one ranking to third place, while San Jose and San Francisco assumed the top two spots on the list.Nationwide, the median
Homeowners looking for a remodeling project may be smart to tackle a kitchen renovation—that is, if they’re looking for projects with the strongest buyer appeal and high returns on their investment at resale.Kitchen renovations and upgrades are among the top remodeling projects most likely to add value to a home at resale and most likely to appeal to home shoppers, according to the 2017 Remodeling Impact Report, conducted by the National Ass
Homeownership would no longer be a priority in the tax code if a reform plan released Wednesday by the Trump administration and congressional Republicans becomes law. The “Tax Reform Unified Framework,” known as the “Big 6” tax reform plan, is being touted as a way to cut taxes for the middle class. But it could hurt residential real estate by eliminating most itemized deductions in return for an increase in the standard deduction.Althoug
6 things would-be licensees should know before they start the processKey Takeaways It takes longer and costs a lot more to get a license and close your first deal than many realize. Make a financial plan, and choose the right brokerage for you.The million dollar listers, flippers and fixer-uppers on TV make real estate look glamorous, easy and fun. You get to make huge amounts of money on one deal, exercise your creative and design muscles and me
Think about the most enjoyable aspects of what you do, and see where it leads youKey Takeaways By mixing your passions with the reality of your market’s needs, your niche market will provide you with additional income and make going to work more enjoyable.What do you want to be when you grow up? Ask any child that, and you’ll be met with a plethora of hysterically optimistic answers.As a kid, I wanted to grow up to be an Olympic Gold-medal-wi
Minimize some of the roadblocks along the path to happy homeownershipFirst-time homebuyers make mistakes going into the homebuying process, throughout the process and even after they purchase a new home. Because they’ve never done it before!Here are 24 mistakes that I’ve observed and some tips on how to help rookie buyers avoid making them.Pre-purchase mistakes: Not knowing their true budget. Homebuyers should crunch their monthly number
Know your strengths, and find a way to communicate themKey Takeaways To warm up potential clients with your video bio, look your best, focus on your UVP and stay away from sounding scripted.Having a client contact you to do business because she already feels like she knows, likes and trusts you after seeing you online is the dream, right? One of the best ways to establish that rapport is to create video.Even though most buyers and sellers still f
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