Houston’s catastrophic flooding from Hurricane Harvey doesn’t appear to be a deterrent for the area’s housing demand.The brokerage firm Redfin says that its agents already have 45 home buyers ready to purchase homes where the storm hit. They said that only eight buyers backed out because of the storm. Showing requests rebounded just a week after the storm, the firm says.But the impact of the flooding likely will have an effect on home price
Your toughest critics may very well be the children of your clients. Their children’s input on a home carries a lot of weight. Nearly two-thirds of all home buyers say their children have input on what type of home they plan to buy, according to newly released data from Bank of America’s Homebuyer Insights Report, based on nearly 5,000 adults surveyed.First-time home buyers are more likely to say their children have influence than other buyer
A home in Sunnyvale, Calif., recently sold for a whopping $782,000 above its list price. The four-bed, two-bath home that is less than 2,000 square feet was listed for nearly $1.69 million. But the home attracted more than 20 bids and ended up selling for $2.47 million.“I think it’s the most anything has ever gone for over asking in Sunnyvale—a record for Sunnyvale,” Dave Clark, the Keller Williams real estate professional who represented
The industry is mourning the loss of Crystal McDowell, a 37-year-old sales associate who worked for Virginia Malone & Associates in Baytown, Texas. The Houston-area real estate agent had disappeared just hours before Hurricane Harvey made landfall.Chambers County Sheriff announced that McDowell’s body was discovered in a wooded area. Police have arrested and charged McDowell’s ex-husband, Steven McDowell, in connection with her death. He
Home buyers and homeowners are taking advantage of some of the lowest interest rates in a year. Mortgage applications for refinancings and home purchases jumped 9.9 percent higher last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Still, the MBA reports the weekly index remains about 19 percent lower the same week a year ago, which is mostly attributed to a decrease in refinancing applications.The 30-ye
A growing number of renters is sparking an entire community of single-family homes for lease. AHV Communities and Bristol Group have teamed up to break ground on a new single-family home rental community in the San Antonio, Texas, area.Pradera, which is expected to open to the public in the second quarter of 2018, will consist of 250 single-family detached three- or four-bedroom homes. The homes will have a two-car garage and front and back yards
Commercial real estate price growth in large markets is expected to flatten over the next year. But the sector is expected to continue on solid footing, with strong leasing demand and a strong investor appetite in smaller markets, according to the National Association of REALTORS®’ latest quarterly commercial real estate forecast.“A very healthy labor market and stronger confidence and spending from both consumers and businesses boosted econ
Video promotion—specifically on YouTube—is an integral part of many real estate professionals' marketing, and smartphone videos are a quick, easy way to capture shareable content for your business. But vertical videos can look lost in YouTube's player, which is formatted for horizontal shots so it ends up with black bars on the sides. That’s about to change.YouTube is planning an update that will allow its player to seamlessly change shape
What do we really mean when we say a house has great bones?It’s a feature that all buyers want, but few can define. Understanding how to identify qualities that add up to the coveted “great bones” feeling can help you set your listing apart. Recently, Architectural Digest’s Lindsey Mather asked a handful of designers to get specific about the qualities that give a home this elusive quality. Here are a few distinct items to look for:G
Millions of homeowners are getting ready to rebuild damaged property now that Hurricanes Harvey and Irma have moved out of Florida, Texas, and other affected areas. But media reports warn of a new threat: storm scammers.“We’ve seen it after every significant disaster, and we don’t expect anything different once the Harvey-induced floods recede,” Frank Scafidi, spokesman for the nonprofit National Insurance Crime Bureau, told CNN.Indeed,
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
