Lennar Corp. and CalAtlantic Group, two of the country’s largest residential builders are merging to form America’s largest home builder in a $9.3 billion deal. The merger will cover around 240,000 building plots or home sites in 21 states, and the combined company will have about $18 billion in market capitalization.Lennar and CalAtlantic operate in 31 of the same markets nationwide. CalAtlantic, however, will bring new markets such as Salt
From the artwork to the odor, your listing may be inadvertently giving buyers the creeps. Realtor.com® recently interviewed real estate professionals about the items that have scared off their buyers the most during showings. Here are the top five spooks. Doors with too many locks. If the doors have more than the standard two locks, your buyer may wonder if something happened on the premises to make the seller feel unsafe, says Glenn Phillips,
Listing prices for residential homes remained near record highs in October, according to a preliminary analysis by realtor.com®. The median list price nationwide was $274,000, near the $275,000 record set in June.One point of relief for “market-fatigued buyers” who’ve faced low inventories for the past few years is that supplies of new listings are up slightly from a year ago, says Danielle Hale, realtor.com®’s chief economist. By the e
Where you live may be the most important determining factor when it comes to whether you survive an apocalyptic disaster. “Finding yourself in a highly populated urban center, competing with violent crowds for dwindling resources, will usually not end well. If the scarcity doesn’t get you, the resulting chaos certainly will,” Richard Duarte, a personal injury attorney in Miami and author of Surviving Doomsday, told realtor.com®. “On the
In a sign that tight inventory may be loosening, 54 percent of U.S. housing markets saw an uptick in the annual rate of vacant properties in the third quarter of this year, according to ATTOM Data Solutions’ 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report. Nearly 1.4 million homes—or 1.58 percent of all residential properties—were vacant at the end of the third quarter. That’s down slightly from a rate of 1.63 percent
With steady job growth, mortgage rates near record lows, and escalating rental costs nationwide, the market is favorable for first-time home buyers—yet their share of overall purchase activity this year is approaching a 36-year low, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers. First-time buyers accounted for 34 percent of home sales this year, the fourth lowest share since 1981. It’s not bec
The investigation into the cause of death is ongoingThe Chapel Hill police department released chilling news regarding two dead bodies found in a home by a Realtor on October 12.The police believe the son, Eric Dana Gibson, killed his mother, Margaret Montgomery Gibson. The investigation is ongoing. No information has been released about cause of death or motive. According to early reports, there were no visible signs of forced entry.“The c
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realtor.comFarmhouse chic is all the rage in home decor these days, thanks largely to Chip and Joanna Gaines from "Fixer Upper," who play up this style in many of the homes on their show (Hello, "barndominium"). The recent news that "Fixer Upper" will soon be ending for good provides all the more reason to embrace this trend. Soon, it'll be all we'll have left of Chip and Jo! (Sniff.)But before you go all Beverly hillbillies on us, reme
This Halloween, you may be less spooked as fewer “zombies” are out in real estate. The number of zombie preforeclosure properties has plunged 22 percent from a year ago.A zombie home is a property that is in foreclosure limbo. The foreclosure process has begun for the home, but it has not yet been repossessed by the foreclosing lender. About 14,312 properties at the end of the third quarter are considered zombies, according to ATTOM Data
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