A Denver home is attracting quite the crowd and fueling an early start to the spring buying season. In just three days, a property reportedly had nearly 100 potential buyers who toured the home, which is listed at $500,000. The home is a three-bedroom, two-bathroom home, and there’s nothing particularly unique about it. But the home shows just how competitive the Denver market has gotten.“There is simply just too much demand right now,” Mar
When high-end property owners want to spruce up their homes, the renovation projects they tend to gravitate toward include pools, bars, gourmet kitchens, elevators, and amenities suitable for waterfront houses, according to a new study by Homes.com. The real estate portal’s research team culled sales data to analyze how homes vary regionally in terms of features, size, and price.The top three features luxury homes nationwide have in common are
Prices are rising and homeowners are staying put longer, and that means more homeowners can cash in when they go to sell. Home seller profits surged to a 10-year high in the fourth quarter of 2017. Sellers saw an average home price gain since purchase of $54,000, up from $47,133 a year ago.That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average
Following the largest data breach in the nation’s history, Equifax announced that it is extending its free credit freezes to consumers through June. The data breach this past fall exposed the personal information of about 143 million Americans, and has even prompted warnings from housing analysts that the breach could impact buyers’ ability to complete a home sale.The personal information stolen by hackers could compromise consumers’ Socia
Whether it’s flourishing as an agent or team development at a brokerage, it starts with a willingness to evolve, says Peter J. Strauss, lawyer and author of The Business Owner’s Definitive Guide to Captive Insurance Companies.“Why would you not want to be the best version of yourself?” Strauss says. “Whether you’re talking about your own people in your company or your clients, there is this giant middle market that has no idea of th
The millennial generation is the most diverse in American history. Minorities make up 44 percent of the more than 75 million millennials living in the U.S., according to a new report from Brookings Metropolitan Policy Program, “The Millennial Generation: A Demographic Bridge to America’s Diverse Future.”By the mid-2040s, racial and ethnic minorities are projected to make up more than half of the nation’s population. “This means that mil
Only two weeks after Congress passed a bill to reopen the federal government following a three-day shutdown, a repeat of that quagmire is looming. The budget bill Congress passed funds the federal government through Feb. 8, when another shutdown is possible if lawmakers don’t agree on a long-term funding before then. What impact will real estate feel should the government close once more?Most home sales likely will be minimally affected because
Contract signings on home sales rose slightly in December, reaching their highest level since last March, the National Association of REALTORS® reported Wednesday. NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, moved 0.5 percent higher to a reading of 110.1 last month, 0.5 percent higher than a year ago.“Another month of modest increases in contract activity is evidence that the housing market has a s
The U.S. Department of Housing and Urban Development is accepting public comments about whether to lift some of its manufactured housing regulations in an effort to help alleviate housing shortages. Comments can be submitted through Feb. 26 at regulations.gov.Manufactured homes are constructed according to code administered by HUD, as opposed to the state, local, or regional regulations that govern stick-built housing. HUD estimates that more
In a decision that aligns with arguments by NAR and other industry groups, the U.S. Court of Appeals for the District of Columbia Circuit reinstated a previous decision that shot down a controversial Sec. 8 anti-kickback enforcement action taken by the Consumer Financial Protection Bureau in 2016. The court said the CFPB incorrectly levied a $109 million fine on a mortgage company, PHH Corp., for entering into an arrangement with mortgage insur
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