Baby boomers are expected to sell their homes in large numbers over the next decade.Arthur C. Nelson, a University of Arizona professor, predicts the “great senior sell-off” will occur in the mid to late 2020s. It's a few years later than what Nelson had originally predicted in 2013 (he originally said by 2020). He says baby boomers are living in their homes longer, holding off on selling in the hopes of netting an even higher price later on.
In every person’s career, there are pivotal moments that stand out. These experiences can range from landing your dream internship to being made partner at a firm, and each holds its own set of lessons. However, I’d argue that the setbacks and failures we experience shape us equally as much as our successes. We are defined by our failures, the lessons we choose to learn, and how close we stay to the pulse of change in order to keep up with ma
Fewer home buyers and refinancers took advantage of the lowest rate of the year last week. Total mortgage applications—including for refinancings and home purchases—dropped by 1.8 percent week over week, the Mortgage Bankers Association reported Wednesday. Mortgage applications are now down 23.5 percent from the same week a year ago.Even low mortgage rates don’t seem to be enough incentive to spark greater activity among homeowners and woul
Design TV shows make it look so easy: Just remove a wall or two and you have the open floor plan you’ve always wanted. But not so fast.Tearing down a wall could open up a host of other problems—some structural, if not done properly. It could also prove unexpectedly costly.To hire a professional contractor to remove a wall could cost you anywhere from $500 to $4,000, according to HouseLogic.com. To that cost, you’ll likely want to add a stru
Nationwide housing starts dropped in March, despite continued high buyer demand, which is adding pressure to overall home prices.Housing starts for single-family and multifamily homes dropped 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Tuesday. Broken out, single-family production plunged 6.2 percent to an annual rate of 821,000 units in March month over month, following a stro
Being successful is about making things happen and serving your clients’ needsKey Takeaways The most simple mistakes most real estate agents make is not staying diligent, not getting out of their comfort zone and being afraid to ask for listings with that in mind.The biggest problem that new real estate agents face is getting listings. Getting sellers to list with you instead of buyers to list with you guarantees you get a commission if the pro
We are uniquely positioned to succeed as an investor and already have the most important pieces of the puzzleKey Takeaways Real estate investing is a beneficial way for real estate agents to prepare for retirement and make extra money.Most real estate agents believe that fix-and-flip investing is too risky: the long holding times, all the things that can go wrong, budgets overruns, etc.And then there’s the hassle of getting someone to manage th
About AnnAnn has a passion for teaching children art and keeping it alive in the minds of the community. She has many years of experience working with her hands as a carpenter and contractor. Her love for art and children is what drove her to start the non-profit Create To Learn.Visit her nonprofit's website at: createtolearn.org.iPro currently deals throughout the states of California and Texas with new offices in New York and Florida. We co
Which housing markets are emerging as top performers this spring season? Ten X, an online real estate marketplace vendor, factored in pricing, sales, affordability, permit activity, economic and demographic growth, and forward-looking data such as economic and population forecasts, to come up with a list of housing market champs for this spring.They are listed below, along with year-over-year changes in seasonally adjusted median prices and sales
Builders are going smaller with apartments, banking on a lure of tiny studios among the 20-something crowd.As rents have skyrocketed over the past few years, particularly in coastal cities, some developers responded with offerings of smaller and less pricey apartments. But now they’re realizing some renters will even pay a premium even when space is tight. As such, in big and small cities—like Milwaukee, Cleveland, Detroit, and Kansas City, M
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