Home prices aren’t on the rise everywhere. In some cities, buyers have actually seen prices drop in recent months. Though the national median price for an existing single-family home reached a record high in the second quarter, a handful of metros saw the local median price decrease from a year ago, according to the National Association of REALTORS®. The 10 metros to post the largest year-over-year declines in median home prices are:1. Sprin
Despite tight inventory conditions, economists at mortgage giant Freddie Mac have high expectations for housing. Buyer demand remains strong amid low mortgage rates, even though home prices this year are expected to be about 6 percent higher than last year, the economists note. Mortgage rates are expected to remain around 4 percent for the remainder of the year.“A decade after the Great Recession, the housing market is rebounding,” says Sean
RentHop, an online rental listing platform, conducted a study that unveiled the most common rental scams and how to avoid them. Property managers and agents who work with renters should pass these warning signs and tips on to their clients. Money wiring: If potential renters are ever asked to wire funds via Western Union or Money Gram or through an “escrow service” before they’ve even seen the property, then the apartment probably doesn't e
Companies commonly offer relocation packages for employees who must move for a job, but one firm is providing its workers a "delocation" package—in which they'll pay employees to move anywhere they want.Zapier, a company producing workflow automation tools, says it's offering the package to new employees living in the San Francisco area in hopes of expanding into new markets in the near future. New employees can choose the city that best fits t
About SallyI pride myself on the following: Integrity, Professionalism, Knowledge, Strong Negotiation, Problem Solving & AvailabilityOriginally from the U.K., I have resided in Southern California for 40 years. Previously an L.A. resident, I moved to Orange County 23 years ago. I love the ocean & enjoy living & working in the beautiful city of Irvine & its environs, including Newport Beach, Laguna Beach, Dana Point, Huntington B
In the late 1980s, many residents were moving out of Charleston, S.C.,’s Eastside neighborhood due to a lack of job opportunities. The area became depressed. But things are changing there and throughout America, as many cities are undergoing rapid gentrification due to escalating home prices. But modern urban gentrification can get complicated, urban planners say.“It’s a trade-off,” says David Fiorenza, an urban economics professor at Vil
Do you have the “it” factor to move your real estate business? Travis Bradberry, author of Emotional Intelligence 2.0 and co-founder of TalentSmart, recently highlighted at Forbes.com some of the qualities that make people more fascinating to others.Here are some characteristics you may want to focus more on projecting so that others will find you more engaging:1. Demonstrate passion. “Interesting people don’t just have interests; they ha
What makes a healthy housing market? According to SmartAsset, it is one that shows stability, affordability, and in which homeowners are able to easily sell their homes with a low risk of losing money over the long run.The healthiest housing market in the country: Edgewood, Ky., a suburb of Cincinnati. Homes in Edgewood spent an average of 56.3 days on the market, significantly less than the national average of 169.6 days.Indeed, seven of the top
Home buyers along coastal housing markets are being impacted the most by rising mortgage rates over the past few weeks, according to an analysis by the National Association of REALTORS®.The average 30-year fixed-rate mortgage went up from 3.5 percent in November to about 4.12 percent in January.Home buyers in San Francisco County, Calif., have felt the pain of that jump the most, with nearly a $375 increase to their average monthly mortgage paym
Just hours after being sworn in, President Donald Trump moved to suspend a plan to reduce the Federal Housing Administration’s mortgage insurance premiums that was set to go into effect on Jan. 27. The plan had been announced just a few days ago by the outgoing Obama administration and Housing and Urban Development head Julian Castro.The reduction in premiums by 25 basis points, or a quarter percentage point, “has been suspended indefinitely,
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