A living room is considered essential for first-time home buyers, according to a poll of home shoppers conducted by the National Association of Home Builders. Sixty-one percent called the living room a must-have in the home they plan to buy. A laundry room and dining room also ranked high on the must-have list for first-time buyers.The following are home features that first-time buyers call essential, ranked in order of what they deemed as most
Los Angeles’ ZIP code 90014 is gentrifying at the fastest rate in the nation, according to a new analysis by RentCafe. The LA ZIP code has seen a lot of change over the past 16 years: home values increasing 707 percent; household incomes rising 85 percent; and the number of residents with higher education growing by 857 percent.To identify the fastest-gentrifying ZIP codes, RentCafe researchers looked at 2000 U.S. Census Bureau data and 2016 Am
The federal government may increasingly be eyeing manufactured housing as one potential solution to ease shortages of affordable homes across the country. Mortgage financing giants Fannie Mae and Freddie Mac announced plans in January to purchase more manufactured housing loans over the next three years. Further, the U.S. Department of Housing and Urban Development recently announced it is reviewing regulations surrounding manufactured housing.Ma
The Academy Award-nominated movie “Three Billboards Outside Ebbing, Missouri” has some intrigued about the fictional backdrop for the movie. But the many searches for the town are coming up empty on realtor.com®. Instead, visitors will want to search for the movie’s true backdrop: Sylva, N.C.Ebbing, Mo., is depicted in the Oscar-nominated film “Three Billboards Outside Ebbing, Missouri,” which picked up two Academy Awards Sunday night
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
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
The commercial real estate market had a mostly stellar year in 2017, according to the “Economic Impacts of Commercial Real Estate” report published by the Commercial Real Estate Development Association, also known as NAIOP. Commercial markets generated significant economic growth at both the state and national levels, supporting 7.6 million jobs and contributing $935.1 billion to the U.S. gross domestic product in 2017, according to the rep
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