Existing (as opposed to new) home sales fell 1.2 percent as of January 2019, according to the National Association of Realtors® (NAR). That works out to a seasonally adjusted rate of 4.94 million units. Specifically, existing homes sales are a monthly measure of sales volume and prices of homes considered single-family, condos, and co-ops nationwide. Unlike new homes, existing homes are owned and occupied before being listed on the market. These type of homes make up more than 90 percent of total home sales. The data reported represents completed transactions. …

Representing investor clients is a very different ballgame than dealing with conventional buyers and sellers. But while seasoned investors generally don’t need much guidance when it comes to the basics of turning a home into a rental property, homeowners who are looking to convert their house into a business often need a lot of help. Here are some things they need to know. Is it legal? Depending on where you’re located, turning an owner-occupied home into a rental property may not be legal. Restrictions are even more likely if they …

The number of store closings is expected to grow year-over-year, according to a new report from Coresight. However, the report states that the competition of digital sales is not entirely to blame — part of the problem could be poorly run brick-and-mortar locations. According to Coresight, store closures (5,524) actually declined in 2018. In 2017, the store closure total was 8,139. In 2019 so far, 2,187 have already closed. That’s an increase of 23 percent compared to 2018. After this report was published, Payless ShoeSource reported a plan to close …

When you live solely on commissions, cash flow and timing are vital. Most real estate agents learn the hard way that commission payments don’t always sync up with billing cycles — including quarterly tax payment requirements. Not only could this be harmful economically, but it can also be psychologically damaging — a career demotivator. Don’t give up hope. eCommission can help with advances on that all-important commission payment, before the final closing on the property. The advanced commission payment can help keep cash flow consistent and bridge the time gap …

The production of the drug methamphetamine is usually composed of simple household items, according to Realtor.com. The resulting chemical can permeate the entire property, and exposure to it can lead to cancer, organ damage, and other health problems. Stigmatized properties stay on the market 45 days longer than non-stigmatized properties, according to a study from Wright State University. Stigmatized homes also sell for 3 percent less than comparable houses. There are currently no federal rules that require sellers or their agents to disclose a home’s meth history, according to CNN. …

“Veterans are a tight-knit group of people. Treat them right and do a good job and they’ll pass along your name to their friends and colleagues,” Neil Brooks, a REALTOR®, a Navy veteran, and the branch manager of HomeSmart International in Scottsdale, AZ  tells RIS Media. This lucrative market is a reason why you should familiarize yourself with the benefits of Veterans Administration (VA) loans. They offer lower interest rates than traditional home loans, and veterans are able to use the loan more than once and for more than just …

Each month, about 1 out of every 10 real estate agents reports that low appraisals killed a home sale deal, according to The National Association of Realtors®. Of course, a low appraisal can cause lenders to not approve mortgages for more than the property’s appraised value, so this could be a real problem. Appraisal is an opinion; it’s subjective. If you feel that a determination was made in error, you have a right to challenge it. According to interest.com, here are four ways to do that: Give the appraiser a …

One reason why the life sciences sector is hot and getting hotter: the silver tsunami, according to Bisnow. Aging baby boomers will drive the over-65 population higher in the United States, requiring further innovation in disease cures and pharmaceuticals. The evolving life science environment is driven by cutting edge technology and rapid growth in scientific innovation, writes The Commercial Observer: Emerging trends that are fusing bioengineering design and manufacturing are evidenced by advanced diagnostic testing, Modern Meadow synthetic biology experiments, Epibone’s tissue engineering, and even wearable technology to maintain precision …

This is just a partial list of some of the licensing changes happening in the industry starting this year. To find out what may be changing in your state, check with your broker, your state realtor® board, or the National Association of Realtors®. Arizona will permit online pre-licensing. With the passage of Arizona House Bill 2399, real estate pre-licensing requirements can now be done online, according to PDH Academy. Real estate CE has always been available online, but pre-licensing courses were only available in a classroom. Virginia adds new education …

Cybersecurity risk management and prioritizing resilience will be among the trends that help shape smart cities in 2019. This is according to The Urban Land Institute and PriceWaterhouseCoopers (PwC) 40th annual Emerging Trends in Real Estate report. “[T]hink of this year’s trends as circles in a Venn diagram,” the report reads. “Trends will overlap, indicating that they interact, and over time those interactions (sometimes involving more than just two circles) foster new conditions that can alter either the features of the trend, its relative strength, and even its duration. We …