The real estate community in Puerto Rico is working frantically to help deliver emergency supplies to the island’s 3 million residents, most of whom are in total darkness—without electricity, clean water, or adequate shelter—a week after Hurricane Maria left the entire nation in catastrophic ruin. “Devastation is everywhere,” Marcos Vilar, executive director at the Puerto Rico Association of REALTORS®, told REALTOR® Magazine on Monday
State capitals tend to draw home buyers because of typically low unemployment and a plethora of events and political activity. Personal finance website SmartAsset.com analyzed livability metrics to find the best capitals for putting down roots. To compile its rankings, researchers compared the following factors: disposable income, unemployment rate, the number of dining and entertainment establishments, property, and violent crime rates. Based on
In the early 1900s, consumers bought “kit homes” through catalogs. Now, owners who have hung on to these vintage properties may be able to sell them at a huge profit.Sears, Roebuck & Co., for example, sold 70,000 kit homes between 1908 and 1940. There were 370 different styles a buyer could choose from, such as bungalows and Colonials. Prices ranged from $600 to $6,000 in the 1920s, which is the equivalent of $8,400 to $84,000 in today’
The monthly median cost nationwide to house a student in a dorm is $705, but that can stretch to $1,817 in some locales. That may mean college students—or their parents—in certain places are better off buying a condo than paying for a dorm. Redfin’s research team recently compared the monthly dorm rate at 195 public colleges with the median monthly mortgage payment for a condo in each university’s city. They found that for students at 47
What are the pros and cons of each type of real estate investment, and which ones are the most profitable? “Over the generations, real estate has proven itself to be a pretty good, time-tested investment,” says Eric Tyson, co-author of Real Estate Investing for Dummies. “Like investing in the stock market, people who follow some basic principles and buy and hold over long periods of time should do fairly well. But, of course, there’s no
The number of existing-home sales has dropped in four of the past five months, but not because consumers lack confidence about buying or selling, according to the National Association of REALTORS®’ latest Housing Opportunities and Market Experience (HOME) Survey. Renters seem upbeat about purchasing a home, with 62 percent saying now is a good time to buy, according to the survey, which covers data in the third quarter of this year. That shar
Win listings and overwhelm competition by mastering the art of social media, direct mail and emailTop real estate agents are wary of get-leads-quick schemes, and rightly so. Those looking for longer-term success have turned to a powerful marketing system, multichannel content marketing: marketing that educates and informs prospects across multiple, integrated channels.To build a dominant real estate business in 2018, agents must create multidimen
The best builder concepts for families with school-aged childrenKey Takeaways Bringing rooms in the home to their peak functionality will help families day-to-day operations run smoother.Back to school time brings out all of the inefficiencies in the home routine. The lazy days of summer give way to early mornings, strict schedules and lots of stuff. Add in sports, clubs, lessons and other extracurricular activities, and the family home may feel
Home is where the heart is—but shouldn't your head have a say in it, too? After all, finding your ideal hometown involves a lot of practical considerations, as well as the emotional ones. What's more important: having a supermarket close by, or a gym? Are there ample prospects for work, in case you decide to make a change? Are there decent restaurants, interesting museums, and soul-affirming parks and trails?Do you want to raise your kids
Sure, compromise between the buyer and seller is part of the game when getting to closing. But there are some things buyers should never acquiesce—or they’ll likely regret their home purchase. Realtor.com® recently asked real estate professionals to weigh in on some of the top items their clients regret about the home they bought.1. The floor plan. It’s difficult and expensive to reconfigure a home’s floor plan. Sarah Garza, MRP, a real
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
