About 1,700 homeowners in Pahoa, Hawaii, have been forced to evacuate as the lava flow from a volcano inched closer to their properties. Most of the evacuations were centered in the Leilani Estates area on Hawaii’s Big Island.So far, 21 homes have been destroyed following the eruption of the Kilauea volcano, which reportedly has spewed lava more than 200 feet into the air. “That number could change,” Hawaii County spokesperson Janet Snyder
If you want to sell a home for the most money, list it on a Wednesday. If you want to sell it in the fastest amount of time, list on a Thursday. These are the findings from a recent Redfin study, which analyzed a sample of 100,000 homes that sold in 2017.Redfin researchers found that homes listed on a Wednesday sold for an average of $2,023 more than homes listed on a Sunday—the worst day of the week to list. They also found that homes listed o
Tom Ferry reveals where to find listings todayWhere’s your next listing coming from?The certainty with which you can answer this question says a lot about the state of your business.If you can name several likely sources, that’s great.If you have absolutely no idea — Uh oh! It means you’re operating without a strategy.How certain are you?We advise our coaching members to use a variety of listing generation strategies. Those who run those
Twitter is warning its 336 million users that it has discovered a glitch in the system that stores users’ passwords. The social media giant is urging users to change their passwords immediately, as well as to change their passwords on any other service where they may have used the same one to login.“We have fixed the bug, and our investigation shows no indication of breach or misuse by anyone,” Parag Agrawal, Twitter’s chief technology of
Mortgage financing giant Freddie Mac has announced it will offer low-cost loans to multifamily property owners who keep their buildings affordable to middle-class families. Landlords will receive lower interest rates if they agree to make the majority of their units affordable for tenants who earn 80 percent or less of the area’s median income. The units also must remain affordable for the term of the loan, which typically spans about a decade.
“White-boxing,” where homeowners strip out all of their property’s finishes and amenities—including high-end kitchens and bathrooms—is a growing trend in hot luxury markets. Much like neutralizing paint color, the move is believed to make homes more appealing to a wider audience of buyers. “White-boxing is really just having a blank canvas,” Jade Mills, a sales associate with Coldwell Banker in Beverly Hills, Calif., told CNBC. “S
The number of equity-rich properties in the U.S. may have reached a tipping point, according to ATTOM Data Solutions’ First Quarter 2018 U.S. Home Equity & Underwater Report. Equity-rich properties in the U.S. in the second quarter are down from their peak in the second quarter of 2017. ATTOM Data Solutions defines “equity rich” as borrowers who have at least 50 percent equity in their property.“We’ve reached a tipping point in this
Homeownership is still considered vital to the American dream. But for many Americans, joining that dream also means living in a place of economic opportunity and diverse communities.SmartAsset, a personal finance resource, ranked the best places for living the American dream by looking at five key metrics: homeownership rates, diversity rates, upward mobility rates, median home values, and unemployment rates.According to the study’s finding
May marks a golden opportunity for homeowners to assess their home and ensure everything is in tip-top shape before the summer months begin. HouseLogic recently provided a checklist that you can use to save both time and money.For smart homeowners, these four tasks are essential for the month of May: A new refrigerator. If your current fridge is leaky, not cooling enough, or tight on storage space, consider buying a new model this month. May is
Bathrooms have overtaken kitchens as the most popular remodeling project, according to a newly released survey by the National Association of Home Builders."Small-scale renovations are slowly becoming just as popular as large-scale projects, as seen with bathroom remodeling becoming more common than kitchens," says 2018 NAHB Remodelers Chair Joanne Theunissen. "Home owners are finding cost-effective and [faster] upgrades can also add comfort and
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