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 …

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. …

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 …

Reverse mortgages are among the most misunderstood processes in real estate; your clients should be sure to understand its pros and cons before making any final decisions. Essentially, a reverse mortgage allows homeowners over age 62 to sell their home without having to leave it. Typically, you sell your home to a reverse-mortgage lender for a choice of one sum, an income stream or a credit line. All the while, you are allowed to remain in your home until you die, move on (for example, to a nursing home), or …

For many real estate agents, the buying and selling of real estate involving celebrities can be a mixed blessing. A celebrity connected to a property could bring more attention to the listing and a possible career boost to the agent (think of cable shows like Million Dollar Listing). However, it can also cause distraction, as fans who keep track of every celebrity move could get in the way of — or even ruin — an otherwise traditional transaction. “Listing agents are wise to use and leverage any selling power they …

CNBC reports that mall owners are increasingly turning to unconventional tenants to fill some of the estimated 200 million square feet of retail space that is closed or that is expected to close. It’s becoming increasingly understood that the fall of malls can be attributed to two major factors: the rise of online shopping and the overbuilding of malls by developers. Forrester Research expects online shopping to account for 17 percent of all retail sales by 2022. A generational change — where Millennials are not as interested in shopping malls …

If there were any doubts that technology would affect and transform the real estate business, those doubts would be vanished in 2018. A knowledge of recent history reveals the writing on the wall. According to Forbes: Modern technology has a knack for consolidating and collapsing industries without a single leader: Uber for the saturated transportation industry, Priceline for the saturated travel industry, Amazon for the saturated retail industry, plus many others. Legacy real estate brands in both residential and commercial brokerages traditionally have a hard time recruiting top tech talent …