For a large percentage of family homebuyers, schools are a number one priority when deciding where to live. If you’re trying to get buyers into a home that matches their needs, understanding the school situation in your market is critical. Here are the kinds of things that buyers are considering when they’re deciding whether the area schools are suitable.  ProximityHow close is the nearby elementary school to the home? While the number of kids who walk alone to school has steadily declined in recent years, even parents who plan on …

Millennials — the name given to the generation born between 1981 and 1996 — are understood more accurately when you divide them into two groups. The older portion of the demo are now in their thirties; the younger portion is still in their 20s. Yet realtor.com found something surprising: it’s the younger half who is most enthusiastic about the housing market. The largest part of the Millennial generation was actually born between 1989 and 1993, which means that these “kids” will soon be reaching their thirties. Where they will be …

“Sellers who list their homes earlier in the year tend to get a higher sales price, often above list, and shorter days on market,” says Ali Wolf, director of economic research at Meyers Research. This may be something to keep in mind no matter what state the U.S. housing market is in, but we’re living in unusual times. The market is currently slowing, and homes are in short supply (for now). However, things may swing the other way during the course of 2019. Although the market has been friendlier to …

A short sale happens when a homeowner agrees to sell their property for less than the amount owed on a mortgage loan. This sale cannot happen without the lender’s approval. The usual result is that the seller will continue to owe money to the lender after the sale. However, it’s also considered a viable alternative to foreclosure, with the seller’s credit remaining intact. Usually, a short sale comes into consideration when the seller falls behind in their mortgage payments, often by several months. Rather than let the situation continue to …

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. …

A non-disclosure agreement (NDA) could be your best friend when seeing through a real estate sale. Not having one could lead to all kinds of worst-case scenarios, including the buyer and the seller deciding to finish the sale without you. An NDA can confirm your role in the sale, how much you are to be compensated and what information can and cannot be shared. Buyers can benefit from NDAs as well; they can protect their personal and financial information and prevent the details of the sale from being shared with …

It’s a maddening balancing act: existing-home sales remained flat in August 2018, after four straight months of decline, according to the National Association of Realtors® (NAR). The sales that were gained in the Northeast and Midwest canceled out the sales downturns in the South and the West. The definition of existing-home sales: completed transactions including single-family houses, townhomes, condos and co-ops. These sales did not change from July to August 2018, remaining at a seasonally adjusted rate of 5.34 million in August. From the same time last year (August 2017), …

Technology and the digital age are evolving the real estate industry by leaps and bounds, but it seems like certain old-school traditions remain sturdily in place. According to a recent Inman study, fewer than 1 in 10 homebuyers and sellers found their agents through a website in 2017. Astoundingly, that stat is similar to the numbers of a decade ago. The Inman survey, in collaboration with The National Association of Realtors® (NAR) found that buyers and sellers were far more likely to find agents through recommendations and referrals: friends, neighbors …

In July 2018, the second-most-photographed house in America (after The White House) went on the market — for the first time in 45 years. The famous Brady Bunch house was filmed only for the exterior shots; as a result, it became one of the most recognized houses in the world. The sitcom ran on ABC from 1969-1974, and forever in reruns and reincarnations. The facade, located in Studio City, California, had become iconic and beloved over the course of decades, and is a major tourist attraction (at least from the …

Although some believe there to be a retail apocalypse, much of the retail sector is actually growing and shifting into industrial real estate – more specifically, warehouse and distribution centers. With the rise of ecommerce, there is an increasing demand for these properties, which provide storage and fulfillment for many of the products offered online. Forbes reports that industry observers like PricewaterhouseCoopers and the Urban Land Institute have named the industrial sector as the top-ranked property type for 2018 (as well as the previous four years). Colliers found that the …