Your neighborhood can affect your prosperity, says Trulia

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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

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  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

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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

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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 …

How Much Does It Cost To Move Into A Bigger Apartment?

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Sometimes, a studio just isn’t enough. But, depending on where you live, an upgrade may cost you. RentCafe crunched the numbers from apartment data firm Yardi Matrix to determine how much more a renter can expect to pay for that one-bedroom pad–and, from city to city, the results couldn’t have varied more. To upgrade from a studio apartment, the report shows renters in the U.S. can expect monthly costs to increase …

New NAR Study Profiles Real Estate Industry

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Last week, the NAR released a lengthy study delving into the state of the real estate industry. Their findings are both eye-opening and crucial reading for any agent or broker who wants to keep their finger on the market’s pulse. Check out the infographic below for a look at the report’s highlights–or, if you’re feeling really ambitious, read the report in full here. Infographic courtesy of …

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