Going forward, there definitely is good news. Due to rising home prices and an increase in homeowners, home equity is predicted to grow by $1.4 trillion in 2018, which brings net housing equity to over $15 trillion. Compare that to a decade ago — during the housing crisis — when housing equity was at just $6 trillion. However, the best that anyone can do when predicting business trends is take educated guesses. Here’s just a worthy few of them: New Housing Construction The U.S. real estate market belonged to the …

Dot-com is so 20th century. The National Association of Realtors® (NAR), in partnership with Second Generation, Ltd. is offering a domain called .realestate. It’s available for purchase through GoDaddy.com. The domain became available to NAR members for presale on November 16 and then offered widely on November 26. No restrictions are attached to the domain, allowing real estate companies, investors and other professionals to market properties and geographic areas served. “NAR is excited for GoDaddy and other registrars to formally recognize the international appeal of the .realestate domain,” says NAR …

You wouldn’t think he would have a problem like this, but it just goes to show you. Investor and Berkshire Hathaway chairman Warren Buffett took a year and a half to sell his home in the gated community of Emerald Bay, California (a stone’s throw from Laguna Beach). However, the Wall Street Journal recently reported that, at long last, the property was sold — at nearly a third less than his original asking price. The house was built in 1936; Buffett purchased the property in 1971, for $150,000. It also …

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 is changing the real estate industry from every angle, so you know it was only a matter of time before the best property offer would be given by a bot. An iBuyer company will make an offer on a property within minutes (or at least days) without visiting the site. The offer is based on a proprietary valuation model, and it could speed the closing process along considerably. Reasons for a seller considering an iBuyer could include needing quick cash, relocating due to changing jobs, an expensive divorce, having …

RentCafe recently singled out the American urban neighborhoods with the greatest percentage of Millennials as residents. This generation makes up 60 percent of submarkets in major cities like Chicago and New York. The study ranked the zip codes of the 30 largest U.S. cities by the highest increases in Millennial population over a five-year period. Data was taken from the most current U.S. Census population estimates. Not a surprise: downtowns and areas near downtowns were drawing the most Millennials. The study is divided into those locations with the most Millennial …

It’s a news item that was more or less off the radar for a while, then returned with a vengeance. Back in the 1990s, the North American Free Trade Agreement (NAFTA) was implemented with the intention of creating the world’s largest free-trade zone. That zone encompasses The United States, Canada, and Mexico, affecting 350 million people and a gross domestic product (GDP) of more than $6 trillion. This is meant to rival the Western European trading block. However, a new trade agreement was reached by the United States, Canada and …

The Federal Bureau of Investigations (FBI) recently reported that the number of property crimes nationwide fell by 3 percent between 2016 and 2017. These crimes are defined as burglary, larceny-theft, motor vehicle theft, and arson. Larceny-theft accounted for 71.2 percent of all property crimes in 2016. Burglary accounted for 19.1 percent, and motor vehicle theft for 9.7 percent. In 2016, there were an estimated 7,919,035 property crime offenses in the nation. The two-year trend showed that property crime offenses declined 1.3 percent in 2016 when compared with the 2015 estimate. …

U.S. single-family homes and condos sold for a median price of $255,000 in the second quarter of 2018, according to ATTOM Data Solutions, curator of the nation’s premier property database. This is part of its Q2 2018 U.S. Home Sales Report. “Annual home price appreciation nationwide has now slowed for five consecutive quarters following a post-election spike to double-digit appreciation in the first quarter of 2017,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “Although home sellers are still in the driver’s seat of this housing market, moderating …

According to the IRS, An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury through his/her delegation of authority to the Internal Revenue Service. These zones were created relatively recently, by the Tax Cuts and Jobs Act on December 22, 2017, and now cover all 50 states. The intended benefit: to …