The majority of renters aren’t happy with the location of where they live, according to a new survey by RentCafe of more than 2,000 renters. Eighty-three percent of renters say they live in less than their ideal location, but cost of rent was their number one concern in moving. Sixty percent of the renters surveyed say they are not able to pay anything more than the actual rent or a maximum of $100 more to live in their preferred location.The n
The majority of homeownership conversations focus on the impact from millennials, but senior citizens may actually have more influence in shaping the future market, according to the Joint Center for Housing Studies of Harvard University’s 2018 State of the Nation’s Housing report. The median age of homeowners is on the rise, increasing from 50 in 1990 to 56 in 2016. Americans over the age of 65 were the only age group who had a higher
As more home buyers relocate from the North to the South, two Florida counties now top the list of the nation’s fastest-growing luxury markets, according to realtor.com®’s May 2018 Luxury Home Index.The top 5 percent of the priciest homes in Sarasota (North Port, Fla.) and Collier (East Naples, Fla.) counties rose 19 percent and 14 percent, respectively, in May. Broward County, where Fort Lauderdale, Fla., is located, ranked number 19 on the
The median lifespan in the U.S. is 79 years, according to the Centers for Disease Control and Prevention. But residents in some cities are living past 80, on average.“If you want to live a long time, the best thing you can do is move to a place where people are verifiably living the longest," says Dan Buettner, founder of Blue Zones, an initiative that works with communities to help set up wellness policies. He’s learned that communities wher
Real estate professionals in British Columbia are no longer allowed to take part in “double ending” deals, which means they can’t represent both the buyer and seller in a transaction. The ban, which is being implemented by the Real Estate Council of B.C., took effect last Friday. The practice of double ending is known as dual agency. Exceptions to the ban exist for transactions occurring in remote locations where there are fewer agents in b
Innit offers the following tips on “future-proofing” a kitchen remodel.Find a digital hub to manage your kitchen. “Similar to how we use platforms that manage our living room entertainment—connecting our music, TV shows, movies, and games—our kitchens will soon be managed by platforms that help plan, grocery shop, prepare, and cook,” according to Innit. Download apps that can help you take greater control over your kitchen by using v
If a REALTOR® violates the Code of Ethics, the local association could identify the offender to the membership, releasing his or her name, photo, and a description of what was done wrong. There is also an option for publication of every violation if they meet certain criteria.This policy change is based on a program the California Association of REALTORS® piloted for four years. During the pilot period, CAR found a marked decrease in ethics vio
With home prices up in most markets, homeowners aren’t being shy about tapping into their newfound equity. Home equity lines of credit were up 18 percent in the first quarter, and up 14 percent from a year ago, according to ATTOM Data Solutions’ First Quarter U.S. Residential Property Loan Origination Report.“Putting home equity to work is the name of the game in the 2018 housing market,” says Daren Blomquist, senior vice president at ATT
Cities with the highest proportion of non–owner-occupied properties are most likely to be found in the South or West, according to a new analysis from the online lender LendingTree.“Southern cities may be attracting investors due to low prices and growing populations,” the report notes. Also, some “residents in Southern cities may not be able to access homeownership due to lower median salaries, creating a ready pool of renters.”The rep
Many homebuyers face a tough decision: To live in the city or commute from the suburbs. In some city centers, the cost of living is actually not as high as the outlying metro area, while in other cities homeowners will find more purchasing power in the metro area.SmartAsset, a personal financing resource, broke down the costs of commutes near major hubs to find the areas where it pays off the most to commute. The survey compared metro areas acros
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