Residents from other countries are increasingly eyeing U.S. real estate as a good investment, and they’re making up a significant portion of buyers in some markets. But who is coming is changing.Chinese buyers have been the biggest portion, spending the most of any foreign group on U.S. real estate. They spent $31.7 billion on residential real estate in the U.S. between April 2016 and March 2017, according to the National Association of REALTOR
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For those who hope to put their home on the market, a few of the latest decor trends may best be avoided to prevent turning off buyers. Realtor.com® recently highlighted a few, including:1. WallpaperBold wallpaper with bright colors and geometric shapes has been a popular trend lately, particularly in smaller bathrooms. “It’s better to not overdo it with bold, bright patterns, even though these may be in style for now, particularly for wallp
Home buyers are stretching their searches beyond inventory-starved suburbs of major metros to under-the-radar secondary markets, according to a new report released this week by realtor.com®.“Buyers have traditionally sought refuge in the suburbs during times of high home prices,” says Javier Vivas, director of economic research at realtor.com®. “But with today’s record highs, even the suburbs have gotten pricey, which has demand floo
Several new companies are introducing robots that could reshape how property is rented and sold. Robots are showing properties, creating floor plans, and shooting videos of homes and freeing the time of agents to focus on other tasks in a transaction. The Wall Street Journal recently featured several examples of where exactly the robots are heading into real estate. For example, Zenplace captured headlines in recent months when it started
For the eighth consecutive week, borrowing costs were on the rise.“Optimistic testimony on Capitol Hill from Federal Reserve Chairman Jerome Powell sent Treasury yields higher as Powell stated his outlook for the economy has strengthened since December,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Following Treasurys, the 30-year fixed mortgage rate jumped 3 basis points to reach 4.43 percent in this week’s survey. The 30-ye
Tight inventories mixed with high demand are pressing prices higher in many markets. As such, a growing number of real estate pros say that their home sellers are seeing their properties sell beyond the asking price.Thirty-four percent of properties that closed in January sold at or above the list price, according to the January 2018 REALTORS® Confidence Index Survey, a survey of real estate professionals about their latest transactions. That i
Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in the world, especially for an empty house, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla.If you’re having a tough time convincing sellers that staging a vacant h
For the third consecutive year, the Hispanic population is driving growth in homeownership, according to the latest State of Hispanic Homeownership Report. Hispanics’ rising populations and household formation, as well as their increased workforce participation, is behind the uptick, according to the report released by the Hispanic Wealth Project and National Association of Hispanic Real Estate Professionals.The Hispanic population in the Unit
Homeowners who’ve been through multiple winters know that this time of year isn’t a time to be slacking in home maintenance. There’s more to March madness than just basketball—in housing, it’s the time to make sure owners are staying proactive in tending to their homes through these next few springtime months.HouseLogic shares four tasks all owners have to do in March: Patch up spots on the lawn. As spring showers start to arrive, be s
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