Residential properties that include guest houses are generally uncommon, but can offer a variety of benefits when it comes to selling the property. The major advantage of a guest house is that it may increase property value. It’s an added bonus that could be well appreciated by enterprising potential buyers who may see the property as a way to make money. This could be realized as an Airbnb plan or long-term rental. In particular, if the property is located near a vacation spot such as a beach, mountains or tourist …

One of the most challenging sectors in real estate is also one of the toughest businesses there is: restaurants. Since the end of the Great Recession, the U.S. restaurant real estate market has experienced great activity. However, according to QSR, the transactions are starting to taper off. One of the key indicators: vacancy rates. Although the current national vacancy rate is low, they’re expected to rise a bit, to 12.1 percent as of the beginning of 2019, according to Statista data. Locations that were hit hard when it comes to …

The economy may be adding jobs, but most new jobs are at the low end of the pay scale, according to Forbes; inflation-adjusted earnings for the average worker actually has not increased in the last ten years. As a result, demand for rentals — both single-family and apartments — will continue to remain high. Real estate investors should concentrate on properties where asking rent does not rise above 25 percent of the average rent, according to Ingo Winzer of Local Market Monitor. That’s where you’ll find the largest concentration of …

As of April 2019, mortgage rates seem to have stabilized, just in time for the spring homebuying season. The 30-year fixed mortgage rate decreased (slightly) to 4.28 percent, according to Bankrate’s weekly survey of large lenders. That’s down from 4.29 percent. Let your homebuyers and refinancers know that these rates are arriving at a 15-month low.  A year ago at the same time, the mortgage rate was 4.49 percent. Most prevalent: zero-down loans and new underwater refinance options that have been unveiled by Fannie Mae and Freddie Mac, according 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. …

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 …

As of January 2019, the Federal Reserve may be at the end of its rate-hiking cycle, as reported by CNBC regarding a statement from former Fed Chair Janet Yellen. “If there is a downturn in the global economy and that spills into the United States… It’s very possible we may have seen the last interest rate hike of this cycle,” she said at the National Retail Federation’s annual Big Show event in New York. Actually, two rate hikes were expected in 2019, according to projections from individual members of the …

Home list prices have soared 41.7 percent over the past decade, according to realtor.com. During this same period, median incomes have increased only 23.8 percent. The possible result: housing is becoming more unaffordable. The widely recommended ceiling of spending you should pay on a place to live: 28 percent. So where are the markets where homeowners are spending way more than that? Where are the widest gaps? Realtor.com studied median monthly housing costs in about 500 metros to see where homeowners are spending the most on their homes. The method …

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 …