Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in the world, especially for an empty house, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla.If you’re having a tough time convincing sellers that staging a vacant h
For the third consecutive year, the Hispanic population is driving growth in homeownership, according to the latest State of Hispanic Homeownership Report. Hispanics’ rising populations and household formation, as well as their increased workforce participation, is behind the uptick, according to the report released by the Hispanic Wealth Project and National Association of Hispanic Real Estate Professionals.The Hispanic population in the Unit
The commercial real estate market had a mostly stellar year in 2017, according to the “Economic Impacts of Commercial Real Estate” report published by the Commercial Real Estate Development Association, also known as NAIOP. Commercial markets generated significant economic growth at both the state and national levels, supporting 7.6 million jobs and contributing $935.1 billion to the U.S. gross domestic product in 2017, according to the rep
Find the weak spots. Conduct a safety audit on your properties to find the most susceptible points of entry. In-window air conditioning units, fire escapes, and dark entryways are all common entry points for burglars, according to Ooma. Motion sensor alarms are one option for securing these areas. Secure ground level windows and patio doors. A simple yet effective way to add peace of mind is to make sure there’s a security bar or metal
Buying a home is a lot easier in some areas of the country than others, where the inventory of affordable homes is greater and where their salaries can stretch further. Allentown, Pa.—boasting the highest homeownership rate in the nation in 2017, at 73.1 percent—is one such place. The median home list price in Allentown is $217,050, well below the national median of $274,900, according to realtor.com® data.The town, about an hour outside of
Contract signings posted a major setback in January, sinking to the lowest level in more than three years. But it’s not from a lack of interest. Buyer traffic is reportedly up in most areas of the country in January, according to the latest housing report released by the National Association of REALTORS® on Wednesday.NAR’s Pending Home Sales Index—a forward-looking indicator based on contract signings—dropped 4.7 percent to a reading of
Salt Lake City is quickly becoming one of the hottest housing markets in the country, and researchers note that home prices there are following a similar growth pattern as in Denver, where rapid increases began in early 2015. Realtor.com® projects that Salt Lake City will have one of the strongest housing markets in the nation this year. Home prices and sales are expected to surge 4.5 percent and 4.6 percent, respectively.Why is Salt Lake City b
Because millennials, Generation X members, and baby boomers are in different stages of their lives, they are seeking different types of real estate markets that meet their specific needs. Realtor.com® found the hottest locations for each age cohort based on migration data for each of the major U.S. metros, home-search activity on realtor.com®, and the percentage of positive change in homeownership for each city from 2016 to 2018. The research s
As students return to class at Marjory Stoneman Douglas High School in Parkland, Fla., more than a week after a gunman opened fire in the hallways, killing 17 people, two young girls who won’t reunite with their friends and teachers are the daughters of local REALTORS®.Jaime Guttenberg, 14, and Meadow Pollack, 17, were among the dead in the Valentine’s Day shooting. Guttenberg’s father, Fred Guttenberg, a sales associate at Charles Rutenb
Forty-eight percent of the country has recently been covered in snow, according to the National Weather Service. If the cloudy skies and muted winter landscape have your listing looking ho-hum, try some greenery to get potential buyers thinking about spring.According to a Harvard University study, seeing flowers first thing in the morning provides people with a boost of energy. Flowers can be used as a design tool to inspire emotion and connect
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