Newcomers to the real estate business are joining the REALTOR® family in droves. The number of REALTORS® rose from 1.22 million in March 2017 to 1.3 million in April 2018, according to the 2018 National Association of REALTORS® Member Profile, released Thursday. There are more rookies hopping on the bandwagon too: 29 percent of members now have less than two years of experience. (Members of NAR account for about half of all active real estate
In June, housing starts fell by 12 percent—a sign that prospective buyers are becoming more hesitant toward rising housing costs and shrinking inventory. SmartAsset, a finance company, has been tracking this trend and offers advice for buyers as it continues to evolve.Offer these tips for your buyer clients trying to break into what can be a challenging housing market: The market doesn’t dictate how much you can afford. The market may change
A smartphone that boasts a bendable screen is expected to hit the market early next year. Samsung Electronics Co., the world’s largest phone maker, reportedly plans to introduce its long-awaited foldable-screen smartphone in 2019, The Wall Street Journal reports. The screen can be folded in half, like a wallet.The prototype—known internally by its nickname, “Winner”—features a screen of about 7 inches, or about the size of a smaller t
Low inventories of rental homes as well as strong job growth are fueling increases in single-family rent prices, CoreLogic reported Tuesday.U.S. single-family rental prices rose 2.9 percent year-over-year in April. CoreLogic analyzed single-family rental price changes nationally and among 20 metro areas.Nevertheless, the year-over-year rent price has been slowing since February 2016, after peaking at 4.2 percent. It has mostly stabilized over the
A REALTOR® is always a good person to have on your team, and Cubs all-star Kyle Schwarber must have known that when he chose Michael Sinicola—a real estate professional with The K Company Realty in Tampa—as his pitcher for Monday night’s Major League Baseball Home Run Derby. Schwarber had the most total home runs this year at 55 (the second most in Derby history) and set a new semifinal record of 21 runs, but he was just shy of the grand
Public speaking can be a huge challenge for some, but numerous TED Talk presenters have mastered the art of captivating an audience through public speaking. How? They go beyond facts and figures to tell a story. You don’t have to be a TED Talk-level speaker to incorporate these engaging techniques. By taking a storytelling approach next time you’re speaking in front of your office, a new client, or at a real estate conference, you’ll k
A new home will often come with a warranty from the builder, but that doesn’t mean the builder is on the hook for anything that breaks. Warranties differ from builder to builder, but they typically cover only specific features such as: Concrete foundations and floors Clapboard and shingles Carpeting Thermal and moisture cover Waterproofing Insulation Roofing and siding Doors and windows Garage doors Plumbing Electrical Heating and cooling Septi
When it comes to renovations, homeowners express some of their highest satisfaction with outdoor projects such as a new wood deck, water feature, statement landscape, or a new patio. These home improvement projects had “Joy Scores” of 9.7 or more out of 10, according to the 2018 Remodeling Impact Report released jointly by the National Association of REALTORS® and National Association of Landscape Professionals. Personal finance site Magnify
Reverse commutes—where residents travel from the city to the suburbs for work—are becoming more common across the country. An average of 46 percent of employees living in major cities have reverse commutes, according to a new report called “Ambitious Thinking: Smart Cities,” released by commercial real estate firm JLL.More than 4.8 million people in the 25 largest metro areas in the U.S. have reverse commutes, up 11.6 percent since 2011.
Buyer demand in suburban areas nationwide is fierce, and millennials are the driving force. Realtor.com® identified the most sought-after suburbs in the country by evaluating home appreciation, home construction activity, and population growth in more than 7,000 ZIP codes.“A fast-growing suburb gets that way by attracting builders—working up a business case for people to come in and build their community,” says Javier Vivas, director of ec
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