The National Association of Realtors® (NAR) reports that the continuing change in transportation habits and patterns will affect the way we build cities, roads, and houses. And much of it is due to generational change. “In the 1990s, 95 percent of 16 year-olds had a driver’s license. Today, that number is just 76 percent,” said Chad Curry, director of Center for REALTOR® Technology at the National Association of Realtors®. “Today’s youth are already finding new ways to move around that don’t involve a privately owned vehicle.” And to add this …

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 …

If your sales approach is old-school, you may have to throw out almost everything you were originally taught about the value of cold calling. According to a recent study by the Keller Research Center at Baylor University, only one percent of cold calls ultimately generate appointments. The Harvard Business review found that cold calling is ineffective 90 percent of the time, and less than 2 percent of cold calls ever result in a meeting. Oracle has done the math: if each meeting results in a final sale only 25 percent …

After the McMansion era, perhaps it’s an idea whose time has come. The tiny house movement (also known as the “small house movement”) has been adapted by advocates of living a simpler life in smaller homes. The concept behind the idea: more financial freedom, greener living, lower utility bills, and shared community experiences. It’s a sharp shift away to the postwar American consumer idea of “bigger is better.” Tiny homes come in all kinds of shapes, types and even sizes. They can be rented or owned, on wheels or set …

Due to the recent economy and simply the demands of life in general, almost nobody has a perfect credit score. A poor score can stand in the way of your client securing financing for a property, or affect the amount they would have to pay. A credit score is simply an overview of a client’s financial history and current debt. A number (score) is assigned as a result of a variety of factors: payment history, amount of credit owed, types of credit established (loans, credit cards), the utilization of credit …

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 …

Many real estate agents work closely with landlords and property managers, so it makes sense for agents to want to help their clients as much as possible. However, if you become aware of a landlord or property manager being troubled by one of their tenants — or if you’re certain that you can replace a bad tenant with a good one — remember that bypassing normal procedures to evict that tenant is illegal. It’s so tempting to take action against a tenant who is a delinquent in paying rent or …

Real estate agents who earn $100,000 or more a year seem to be of a different breed than the rest of the pack, according to a study by  InmanNext, a website operated by Inman News. Surveying 1,300 real estate agents who earn at least $100,000 a year, the study found that these agents tend to close more deals. Sixty-six percent of those surveyed said they closed 20 or more transactions in a year. Compare that to about half of those who earn $30,000 to $50,000 and say they closed fewer …

First, the good news: in Q1 2018, foreclosures were down 19 percent from a year ago, and 32 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007, according to ATTOM Data Solutions, a national property database. Its Foreclosure Market Report shows a total of 189,870 properties with a foreclosure filing during Q1 2018. That has actually increased by four percent from the previous quarter. Here’s where it gets complicated: the report shows a total of 74,341 properties with foreclosure filings in March 2018. That’s …