More companies are abandoning massive office parks in the suburbs and heading back to once-abandoned office space in urban centers. They’re making the move in an attempt to appeal to millennial employees. But some developers and community planners are worried about what will happen to less densely populated areas if the trend continues.Over the last half-century, employment has shifted from city to suburb and now back to the city, according to
Total mortgage application activity for home buying and refinancing continued to edge down last week, dropping 2.8 percent on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Mortgage volume is now 22 percent lower compared to the same week a year ago.Mortgage rates are hovering around their lowest levels in five weeks, which means home shoppers may not be feeling the same pressure to lock in before an increase. H
More generations are sharing a roof as a growing number of adult children move back in with their parents and aging parents move in with their grown children. Nearly one in five Americans are now living in a multigenerational household (defined as a home with two or more adult generations or grandparents living with grandchildren).The number of multigenerational households in the U.S. has bloomed to the highest level since 1950. About 60.6 millio
If you want more satisfied customers, make sure you devote a lot of time to carving out a relationship with your buyers and that you amp up your marketing on behalf of sellers, according to the 2017 Home Buyer/Seller Satisfaction Study from J.D. Power. Researchers found that an agent’s rapport with a buyer is the most important factor in determining customer satisfaction, while sellers focus on the marketing of their home to gauge agent supp
Toll Brothers Inc., a luxury-home builder, is piloting a new tool in a few select markets that allows buyers to use virtual reality to better envision design selections in their new home’s kitchen. They can then easily swap out countertops or cabinet colors and then view the changes in virtual reality.Kitchen 360 offers a 3-D view and floor plan visualizer so that buyers can take a realistic tour through their new kitchen.“When I used the new
Private investors now comprise more than a quarter of all global commercial real estate transactions. Twenty-seven percent of all global commercial property transactions in 2016 involved a private buyer, according to a new report by Knight Frank.Further, economists “expect that the appetite from private investors for commercial real estate will continue to increase,” according to the report. Within the next two years, 32 percent of ultra-hig
Home buyers would be wise to interview a home inspector before they hire one. But what should they ask? Here are a few questions to consider.Read more: Do You Trust Home Inspectors?1. What do you check?A home inspector will look at everything from the roof to the foundation and in between, Frank Lesh, executive director of the American Society of Home Inspectors, told realtor.com®. But they are restricted to visual, general inspections. A speci
Existing-home prices have jumped 6.5 percent from a year ago to a record high of $263,800 in June, according to the National Association of REALTORS®. It marks the 64th consecutive month for year-over-year price increases. The escalating prices are causing some to fear a price correction could be on the horizon.However, new research from JPMorgan finds that the risk of a dramatic decline in U.S. home prices is very low. JPMorgan culled historica
Home sellers in the second quarter of this year sold their properties for an average $51,000 more than they paid for them when they bought them. That’s the highest price gain for sellers since the second quarter of 2007, when it was $57,000, according to a new report by real estate data form ATTOM Data Solutions. This represents an average return on investment of 26 percent.The sellers had owned their homes an average of eight years, which is t
The United States is going through an energy revolution that within 20 years will reshape people’s homes and communities, experts said at the National Association of REALTORS®’ 2017 Sustainability Summit in Washington, D.C., this week. Most people aren’t aware of the revolution right now, but that will change as the cost of alternative sources of energy, such as solar panels, plummets and the use of smart technologies—particularly LED li
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