The way to attract baby boomer home buyers may be through food. Grocery stores and restaurants topped the list of the most desirable amenities baby boomers want to live near, according to John Burns Real Estate Consulting’s Consumer and Products Insights survey, which includes responses from more than 8,000 new home shoppers born between 1946 to 1965. Exercise is also important, as boomers ranked fitness centers and walking trails high as well.
More households are feeling the strain in their personal financial situations and losing confidence in the housing market, even as the country sees solid job growth and record gains in the stock market, according to the National Association of REALTORS®’ fourth-quarter Housing Opportunities and Market Experience (HOME) survey, based on more than 2,700 respondents.Tight inventory and weaker affordability conditions are prompting consumers to do
As housing prices rise, more households are tapping into home equity lines of credit. Residential property owners secured 393,602 HELOCs in the third quarter of this year, up 19 percent from the previous quarter and 12 percent from a year ago, according to ATTOM Data Solutions’ Q3 2017 U.S. Residential Property Loan Origination Report.Among the 120 metro areas ATTOM Data Solutions analyzed for the report, the following had the largest year-ove
“Renovating a home with the right features can not only recoup the cost—it can help you sell your place much faster,” advises Jessica Lautz, managing director of survey research at the National Association of REALTORS®. “That means a quick transition into your dream home.” But which amenities are in highest demand?Hardwood flooring remains the biggest draw among buyers of all generations, according to a new realtor.com® analysis of po
While the state of first-time home buyers hasn’t changed much over time — they’re moving from rentals to starter homes — the characteristics of these new buyers have evolved. According to our research, almost half of buyers (47 percent) are purchasing for the first time. First-time home buyers are older, and they’re selecting more expensive homes than they have in the past.What does this mean for real estate agents? Understanding wha
Matt Capritto’s 87-year-old father, Tony, lost his home in Ventura, Calif., to the wildfires that are ravaging the southern half of the state, and now he no longer has a place to play his piano every afternoon. As difficult an experience as that was, Capritto, president-elect of the Ventura County Coastal Association of REALTORS®, didn’t feel the magnitude of the situation until he took his father to the post office to change his mailing add
More than 1,000 structures and 260,000 acres across Southern California have been charred since massive wildfires broke out earlier this month. With the blazes still threatening 25,000 more homes, is there anything homeowners can do to protect their houses from a fire? You may not be able to fireproof a home completely, but building experts say there are several measures homeowners can take to lower the risks of sustaining damage. Realtor.com® o
The California Department of Business Oversight issued a warning to consumers to beware of email scams purporting to be from representatives of Impac Mortgage Co.The emails originate from a fake email address, impacmortgagecorp@gmail.com, and appear legit, using Impac Mortgage’s logo and invoking the name of CEO Joseph Tomkinson. The scammers are sending unsolicited emails to recipients, offering them loans and requesting that the recipient pa
A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS®’ fourth-quarter Housing Opportunities and Market Experience survey.Proposed tax bills currently in the House and Senate could “undercut the incentive of owning a home and would have a detrimental effect on many homeowners’ fi
Republican lawmakers in conference committee Wednesday announced a tentative agreement on melding the House and Senate versions of tax reform into a final bill. A formal vote is expected soon. The National Association of REALTORS® is seeking changes to make the final bill less harmful to homeownership. Here’s a Q&A on what to look for over the next week or so based on a Facebook Live event NAR hosted yesterday. Participating in the live di
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