With a dearth of existing homes on the market, builders have been ramping up production to meet buyer demand. Newly built single-family properties comprised a record share of homes on the market in the second quarter of the year, making up nearly one-third of housing inventory nationwide, according to new research from Redfin. New-home sales typically make up only about 10% of the market.The National Association of REALTORS® predicts that new-ho
Happy tenants increase the chances they'll renew their leases while keeping investment properties occupied and cash flowing. Here's how to do it Beyond the bricks and mortar, maintaining good rapport with your renters is a key factor that can significantly impact the long-term success of your investment.It’s more than just keeping lines of communication open; it’s about creating a positive experience that makes your tenants feel val
Existing-home sales continued to fall last month as home buyers faced higher mortgage rates and fewer housing options. Read more from NAR’s latest housing report.Two main factors are driving current sales activity: inventory availability and mortgage rates. “Unfortunately, both have been unfavorable to buyers,” says Lawrence Yun, chief economist at the National Association of REALTORS®.Existing-home sales—completed transactions for singl
Housing starts increased 3.9% between June and July to a seasonally adjusted annual rate of 1.45M units, according to data released Tuesday by the US Census Bureau New housing starts ticked up slightly between June and July as demand for new construction pushed homebuilders to increase production.Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units — 5.9 percent higher
The amount of wealth in the world is set to rise substantially even as inequality declines. That's the conclusion of Swiss bank UBS' 14th annual global wealth report.Why it matters: The story of the 19th and 20th centuries was broadly one in which new wealth went mostly to the rich — both in terms of individuals and in terms of countries. That's now changing, fast.By the numbers: Total wealth fell in 2022, as you'd expe
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Higher borrowing costs are hitting first-time buyers especially hard.For the third consecutive week, mortgage rates were on the rise, forcing some hopeful home buyers to the sidelines. Freddie Mac’s latest nationwide survey shows the 30-year fixed-rate mortgage averaging 6.96%.“Rates are just a sliver below 7%, and that will make it difficult not only for home buyers but also sellers considering a move,” says Jessica Lautz, deputy chief eco
Prior to the pandemic, Yue and Chris Parsons were, like many Millennials, reluctant renters moving from one apartment to another, wondering when they would be able to buy a home of their own.But the pandemic turned out to be an opportunity — not just for the Parsonses, who are 34 and 36 years old, respectively, but for lots of other young people.From 2016 to 2022, homeownership rates rose most for those under 44, according to rec
These areas of the country are attracting the most new residents and seeing the fastest economic expansion in the U.S., according to a new analysis.The city of Provo, Utah, is the biggest boomtown in America, gaining the most new residents and experiencing the sharpest economic expansion in the nation, according to a new analysis(link is external) by background check company Checkr. In fact, Utah claims four of the biggest boomtowns in
Investor interest in fix-and-flips is soaring as profits climb once again, new data shows. Here’s where your clients should be searching.Home flipping hit its second-highest level in about a century during the first quarter of this year, according to new data from ATTOM Data Solutions. Flips comprised 9% of all sales, according to ATTOM’s 2023 U.S. Home Flipping Report(link is external). But while profits and returns on investment are on
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
