The number of apartment dwellers nationwide is nearing a record, as 95 percent of units are now occupied, according to rental data from RealPage, a real estate analytics firm. “Solid job formation, continued limited loss of renters to home purchase, and widespread availability of appealing new apartments” are continuing to boost rental demand, says RealPage CEO Greg Willett.But supply isn’t keeping up with demand: 86,431 units were added na
Frustrated buyers may have better luck seeking out ugly ducklingsKey Takeaways Fueled by low rates and rising incomes, demand remains strong enough to keep supply critically low. Soaring prices in May are changing the face of affordability across the nation, putting homeownership beyond the reach of thousands of first-time buyers.When an irresistible force like housing demand confronts an implacable barrier like ever-tightening inventory shortage
With the right approach and advice, being the bearer of bad news can be an opportunity in disguiseKey Takeaways The U.S. average credit score is 687, well under the 741 average had by mortgage borrowers in Q1 2017. Although it’s difficult to be prescriptive when helping buyers restore financial credibility, there are many solutions available. If you have time, mold buyers into the clients they need to be.While widespread inventory shortages m
According to a survey conducted in 2016, Google Maps is by far the most popular mapping app among smartphone users (Android owners prefer it by 78 percent and iPhone users by 69 percent). And there's a special program that offers real estate professionals and others the opportunity to boost their presence on this platform, known as Google Local Guides.Victor Lund, cofounder of real estate consulting company WAV Group, offers step-by-step instr
Cybercrime is posing a risk to an increasing number of real estate transactions, with home buyers’ down payment funds the main target of scammers. Anthony Lamacchia, broker-owner of Lamacchia Realty in Waltham, Mass., wrote a recent article for Boston.com warning consumers to beware about the scam.Criminals are targeting home buyers by sending them emails that look like they might come from their real estate agent or attorney. The emails may c
You can rock a new farm area quickly -- prepare to amazeKey Takeaways Get your mind right, get your time committed, hit it hard, and be super consistent with all sorts of authentic enthusiasm and hard work.So you’re just getting started in real estate and wondering how to gain traction in a particular area? Here are 13 pointers to help you do it faster, cheaper — and come across as a pro.1. Get into the right mindset Believe that you
The three credit reporting companies are implementing a change Saturday that is expected to raise credit scores for about 6 percent of people with credit profiles, or about 12 million people. Equifax, TransUnion, and Experian will change the way they treat data concerning civil judgments and tax liens on people’s credit reports. These data are among the most likely to be incorrect or incomplete, and people have spent a lot of time and effort tr
We should keep the things that bring us joy and get rid of the restKey Takeaways When moving, most clients throw away or donate unwanted items, but you can advise them of alternatives to trashing junk that could be positive for the environment.I enjoyed contributing to Amber Taufen’s article about helping our clients downsize.She wrote: “It’s harder than ever to get rid of your stuff — and once that lamp, jewelry or antique hutch reaches
Excess heat emanating from computers is usually seen as a bad sign. It’s a good sign, however, for Dutch startup Nerdalize, which plans to use this heat for home energy.In August, Nerdalize plans to heat 42 Dutch homes using excess energy from in-home computer servers. Customers can pay Nerdalize to install a server in their home and use the server’s excess heat to warm the home for free—all while Nerdalize makes money selling server space
Condos located near cart paths in golf course communities sell for lower prices than similar properties in the same communities, according to a new study published in The Appraisal Journal. Such condos are discounted an average 5.1 percent, according to the study. Certain cart paths can have a greater impact on the price of the property: condos near paths by a green are discounted 11.6 percent while those near tee boxes are discounted 8.6 percen
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