The Source of Real Time Real Estate
The Source of Real Time Real Estate
By themlsblog
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The National Association of Realtors (NAR) released their annual Profile of Home Buyers and Sellers last week, and, as always, provided a fascinating look at the market. One of the most interesting bits of data involves all the single ladies out there–apparently, they’re making up a huge chunk of the real estate scene, reports TPG website. According to the report, single women were responsible for 17 percent of total home purchases …
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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 …
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The Q3 stats are in and, as per usual, our climate map has some revealing insights into Los Angeles’s neighborhoods to look out for going into the new year. The area that by far experienced the biggest overall increase in sales volume? Monterey Hills, with a whopping 138% increase in the sales volume of single family homes. The small community, which sits four miles ENE of Downtown Los Angeles, is experiencing …
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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 …
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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.” …
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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 …
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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 realtor.org. …
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Moving back in with the parents–super embarrassing, right? Maybe. But, according to a recent Pew Research Center study, that isn’t deterring millennials from moving back home more than ever before. Using data from the U.S. Census Bureau from 2014, Pew concluded that a record 60.6 million Americans–a whopping 19% of all U.S. households–are living in multigenerational housing, but even that number is underestimating the real amount. Per Pew: “The Census Bureau …