As property prices rise, more small real estate investors are reportedly are teaming up with others so they can afford their next flip or rental property. They’re pooling funds with friends, relatives, or other investors to pay for their next property, and that means sharing the risks and profit that go along with that plan.The most common partnerships are among those who want to keep and rent out their properties after fixing them up, because
Millennials are the most powerful generation to ever hit the real estate industry or any profession, asserted Lennox Scott, president of John L. Scott Real Estate in Seattle, during a recent National Association of REALTORS® Power Broker Roundtable on millennials in real estate.“They are technology-infused and connected with community—they’re a reflection of the world we’re in, and I, for one, am happy to tap into the energy and exciteme
Driverless cars may sound like an idea ripped from a sci-fi movie, but the technology is real and expected to hit roadways over the next decade in a big way. As more people warm up to the idea, driverless cars could have a big impact on where people decide to live, according to a new poll from the National Association of Home Builders.Sixty-three percent of consumers recently surveyed said that if they owned a driverless car they would “defini
Smaller homes may be generating more buzz lately, but many cities in the U.S. are still building supersized properties. McMansions sometimes get a bad rap for having an architectural style that doesn’t fit with their surrounding communities. They typically have heavily ornamented features, gigantic entrances, and high gabled roofs. McMansions were prevalent across the country in the 1980s and ’90s, but construction of these large homes ground
The Consumer Financial Protection Bureau announced that starting Monday it will accept public comments on their enforcement process. Among its many oversight areas is the Real Estate Settlement Procedures Act, known as RESPA.Mick Mulvaney, currently the acting director of the CFPB, announced the public comment period in an effort to help improve the bureau’s overall efficiency and effectiveness in its enforcement of federal consumer financi
A shut-down has been averted, and there's good news for real estate in the budget agreement, which President Trump signed this morning. The government had temporarily closed after Congress failed to pass a government funding bill before midnight Thursday, but an agreement was reached Friday morning. The two-year, $400 billion spending deal came as a result of a bipartisan group of lawmakers supporting the agreement. Congress now has until March 2
City officials in Denver want to stop “slot houses” from being built. Some community members have bashed what they call the homes’ ugly architecture, which has grown prominent in a few neighborhoods within the city. The city’s Land Use, Transportation, and Infrastructure Committee voted this week to place a moratorium on slot home construction. The full city council must still approve the moratorium for it to become law.Slot homes are box
Heightened concerns over the nation’s immigration policies and proposals caused some U.S. homeowners to sell their homes or even choose to then not buy a home last year, according to a new survey of more than 4,000 homeowners in the U.S. commissioned by the real estate brokerage Redfin. Fifteen percent of consumers surveyed said that they either sold their home or did not buy one last year out of concerns over immigration policies under Preside
Police deputies in Laguna Woods, Calif., killed a 65-year-old man after he threatened to shoot a contractor when he learned that the renovation plans on his home were over budget. Paul Mono was shot by sheriff deputies on Tuesday and was later pronounced dead at the hospital.Real estate professional Jennifer Heflin with Laguna Premier Realty sold Mono and his wife the home about five months ago in the gated senior community of Laguna Woods. She
Homeowners in Madisonville, Texas, who reported the theft of their home to police on Friday got some good news: The structure has been located. But it's too soon for them to relax yet.On Friday, Jo and Lonnie Harrison, a couple from Houston reported the missing house to police after they went to their vacation home and discovered it was completely gone from their 10-acre property in Madisonville.The Harrisons say the one-bedroom, one-bathroom pre
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