Several states and cities have been offering relocation buyers financial incentives—including paying off student loan debt—to move there. Now Vermont joins the list.Vermont Gov. Phil Scott signed a bill into law last week that will give certain people who relocate there from another state up to $10,000 to cover moving expenses. The money is part of a grant program aimed at attracting tech workers and revitalizing the state’s aging work for
Just how important is a neighborhood’s “vibe” to prospective buyers? Nearly nine in 10 say the look and feel of a neighborhood is a top consideration when choosing where to live, according to an independent survey of more than 2,000 consumers conducted by Ally Home.The majority of survey respondents say they prefer a “quiet and quaint” neighborhood vibe rather than a “modern millennial” vibe. More than one-third say they want a nei
A real estate professional in Huntington Beach, Calif., was fined $2,750 by the city because he displayed too many open house signs around town, according to officials. Last month, Jerry Del Mauro, a sales associate with RE/MAX Select One, was holding an open house for a $1.4 million listing, which is situated on a desolate street on an island. In order to capture potential buyers’ attention, Del Mauro placed 18 signs advertising the open house
Facebook has indicated that the high costs of living in Silicon Valley, where it is headquartered, could prompt the company to relocate. Elliott Schrage, Facebook’s chief policy officer, said during an annual shareholders meeting this week that the pricey cost of housing in San Francisco—where another Facebook campus is planned—must be addressed “if we’re going to remain a company in Silicon Valley for the long-term.”Facebook’s anno
When it comes to the hottest housing markets in the nation, the majority are no longer in California, according to realtor.com®. Markets such as Boston and Midland, Texas, edged out California metros in May that had long held top spots. Realtor.com® ranks metros based on time on market and the number of views garnered for listings in each city.“Our latest inventory data confirms we’re in the thick of the hottest homebuying season on record,
As Friday marks the official beginning of hurricane season, the National Oceanic and Atmospheric Administration reports that millions of homes in the U.S. are at risk of storm surge, and trillions of dollars in damages are possible. The NOAA forecasts this year’s hurricane season to be “near- or above-normal,” and CoreLogic projects that nearly 7 million homes are in danger zones. The threat comes as the National Flood Insurance Program
A 30-year-old man who was under a court order to move out of his parents’ home in Camillus, N.Y., vacated the property Friday just two and a half hours before the deadline. Michael Rotondo’s parents filed a legal complaint in May to force their son to move out on his own. A judge gave Rotondo until noon Friday to leave the home; Rotondo finally left at 9:30 a.m. in his Volkswagen Passat after a brief media interview in which he said his par
Rents nationwide posted the weakest annual growth in May since 2010, according to a new analysis released by RentCafé, a national apartment search website. The average rent in the country in May was $1,381 per month, up 2 percent year over year.But that doesn’t mean renters are finding relief yet. Overall, prices in 16 of the 20 cities with the largest number of rental apartments climbed faster than the national average, according to the analy
House flipping activity surged to an 11-year high this year, with more than 207,000 homes flipped, according to ATTOM Data Solutions, a real estate data firm. But the key is knowing where to be and when. “The sweet spot for successful home flipping is finding the neighborhoods just emerging as the next hot neighborhoods in a city,” says Daren Blomquist, a senior vice president at ATTOM Data Solutions. The firm says the average profit for a
U.S. prices surged to an all-time high and homes sold faster than they ever have in May, according to a new report released by realtor.com®. Home prices averaged $297,000 in May, and homes sold in just 55 days.Despite recent upticks, however, the market is showing a few signs of slowing momentum, according to the report.“We’re in the thick of the hottest homebuying season of all time,” says Javier Vivas, director of economic research at r
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