California has a severe lack of affordable homes and apartments for middle-class families, The New York Times reports. The median cost of a home in the state has surged to $500,000—double the national cost.A booming economy, home construction, and apartments that haven’t kept up with demand have all fueled a housing crisis throughout the state, The New York Times reports. Home prices in Los Angeles, San Francisco, San Jose, and San Die
Don’t be surprised to see horse artwork displayed in the latest real estate listings. The noble horse is the current reigning champ of staging art, Curbed.com reports.Why the sudden fascination with horses? “The only explanation I can give is that stagers generally don’t own ‘real’ artwork, and buy it from big box stores like Home Goods and TJ Maxx, and much of that art tries to appeal to the largest possible audience with animals and
By 2030, the nation will need about 4.6 million new apartments to meet demand and keep prices in check, according to the National Multifamily Housing Council. To reach that number, about 373,000 new units, on average, will be needed each year.The nation is getting closer to meeting the growing demands from renters. Apartment construction is at a 20-year high, according to data from RentCafe and Yardi Matrix.Apartment completions are expected to t
Texas is good for first-time home buyers, according to a new study by WalletHub, a personal finance resource. The Lone Star State boasts four of the top 10 locations for first-time home buyers in 2017; McKinney, Texas, ranked first on WalletHub’s list.“Cities in north Texas have very healthy housing markets and a high percentage of homes sold in the past year,” WalletHub analyst Jill Gonzalez told realtor.com®. “Construction is flouris
The Motley Fool recently featured a range of mortgage tips to help educate first-time buyers, including:Know their credit score. The credit score can be a big key to knowing how much buyers can afford and how much interest they’ll be paying. Home shoppers should be encouraged to check their credit report and FICO score before even starting the homebuying process.Estimate how much can be borrowed. Lenders generally don’t like to see a mont
Confidence is your most important accessoryKey Takeaways When dressing for summer weather, consider color, fabric type, fit and the confidence factor.Summer is finally here after what seemed like an eternity of cold, but just like the median sale price of a Manhattan condo, temperatures are rising.Real estate agents all over the country are faced with the challenge of looking cool, calm and collected, even when feeling like we’re toeing the equ
iPro currently deals throughout the states of California and Texas with new offices in New York and Florida. We continue to strive to broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on how to become a salesperson
Some of the biggest names in business, including Facebook, Amazon, and Walmart, are weighing in on net neutrality as the Federal Communications Commission reaches its deadline Monday to field comments on its plan to change the way the internet is regulated. Real estate brokers are also having their say; on their behalf, the National Association of REALTORS® is warning the FCC that a change to internet governance could cause unequal access to con
College towns have earned a reputation as being a great real estate investment. “In the same way that department stores serve as anchors in shopping malls, colleges and universities operate as anchors within a city,” Michael Harris, director of the Center for Teaching Excellence at Southern Methodist University in Dallas, told realtor.com®. “Cities with colleges receive tremendous benefits, from a better-educated workforce to improved arts
So far this year, Google searches related to buying a first home have surged to 44 percent of all homebuying-related search activity—up 11 percentage points compared to a year earlier, according to a new study by Chase Home Lending. This may mean you’ll want to increase content on your website geared toward first-time buyers.“I had assumed that we would start to see millennials come [into the market] in force in the next two years,” says
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