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Was Election Day a Win for Realtors?

By Posted on 4 min read 69 views

It’s pretty clear that everyone has an opinion on the outcome of the presidential election. (Check any Facebook feed and that much is obvious.) But, for the nation’s 1.2 million Realtors, down-ballot voting played a big part in whether or not they were able to celebrate last Tuesday. And, from the looks of it, celebration is in order. According to Jerry Giovaniello, the National Association of Realtors’ senior vice president of …

What Do Millennial Buyers Look For in an Agent?

By Posted on 3 min read 22 views

Millennials, right? Everyone seems to have advice about them–how to appeal to them, what they want, how to make them stop inventing new slang–but no one really seems to know much about what makes them tick. Thanks to a comprehensive report from Zillow Group, agents now have a little more insight into that coveted 18-34 age group (at least in regards to real estate). According to the report, all of the …

Your neighborhood can affect your prosperity, says Trulia

By Posted on 2 min read 19 views

Dress for success? More like address for success. It turns out that the country’s priciest housing markets have appreciated two times faster than homes in the country’s least expensive markets over the last 30 years, according to a Trulia report released Wednesday. Three decades ago, the most expensive neighborhoods held an average home price of $127,058–144% higher than the least expensive markets’ average home price of $52,022. But in 2016, the …

Celebrity homes are a tough sell, says Redfin

By Posted on 2 min read 65 views

  Aerial view of Katy Perry’s home It turns out, real estate is tricky for everyone–even celebrities. In fact, according to a new Redfin study that compared 60 celebrity homes to other similar properties, celebrities may have an even tougher time in the market than us Normals. “We found that celebrity-owned homes tend to be bigger with more bedrooms and bathrooms, and they cost more per square foot than other abodes …

The McMansion’s Day Has Come and Gone

By Posted on 4 min read 24 views

By Gail Marks-Jarvis (TNS)—When Dr. Kishin Ramani decided to sell his six-bedroom, Georgian-style home on a half-acre lot in an affluent Chicago suburb three years ago, it never occurred to him that he’d be resigned to accepting far less than he paid when he bought the home in 2005. Ramani was immediately drawn to the home, built in 2003, because “it was gorgeous and airy, with the highest ceilings I’d seen.” …

L.A. Rent Growth Slowing, Says Yardi Matrix

By Posted on 2 min read 22 views

It’s been a long time since the L.A. rental market slowed down its heretofore exponential growth. Fortunately for renters, September experienced its first monthly dip since November 2015. The average rental price now rests at $1,219–yep, one whole dollar less than August’s average. According to the Yardi Matrix Monthly report for September 2016, which measures 123 markets throughout the nation, rent prices grew 4.7 percent in September on an annual basis …