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. …

Representing investor clients is a very different ballgame than dealing with conventional buyers and sellers. But while seasoned investors generally don’t need much guidance when it comes to the basics of turning a home into a rental property, homeowners who are looking to convert their house into a business often need a lot of help. Here are some things they need to know. Is it legal? Depending on where you’re located, turning an owner-occupied home into a rental property may not be legal. Restrictions are even more likely if they …

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 …

The production of the drug methamphetamine is usually composed of simple household items, according to Realtor.com. The resulting chemical can permeate the entire property, and exposure to it can lead to cancer, organ damage, and other health problems. Stigmatized properties stay on the market 45 days longer than non-stigmatized properties, according to a study from Wright State University. Stigmatized homes also sell for 3 percent less than comparable houses. There are currently no federal rules that require sellers or their agents to disclose a home’s meth history, according to CNN. …

Each month, about 1 out of every 10 real estate agents reports that low appraisals killed a home sale deal, according to The National Association of Realtors®. Of course, a low appraisal can cause lenders to not approve mortgages for more than the property’s appraised value, so this could be a real problem. Appraisal is an opinion; it’s subjective. If you feel that a determination was made in error, you have a right to challenge it. According to interest.com, here are four ways to do that: Give the appraiser a …

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 …

First, the common perception is that Millennials are not interested in buying homes and only interested in living in an urban environment. No suburbs. Renting only. Then came the surprising twist that this generation, reaching age 35, is starting families and revving their careers — and not only are they interested in home ownership, but it’s more than okay if the homes are located in the suburbs.  Rising pay and low mortgage rates also helped support this American Dream. Now, though, comes a disappointing turn: it’s not the Millennials who …

With real estate as a strong consideration, where in the country would you have a great chance of finding your life partner? Detroit. Yep. Detroit’s metro area boasts the highest percentage of singles who own their own homes, according to a recent realtor.com report. In the Motor City, the median home price is just $220,000. That’s almost a third less than the national median home price of $289,000. In Detroit, about a quarter of all male residents are single homeowners (23.4 percent). Danielle Hale, chief economist of realtor.com, says that …

Real estate mogul, Shark Tank investor (and eCommission endorser) Barbara Corcoran tells CNBC’s Make It that people who are buying a home for the first time need guidance in order to prevent some common mistakes. “The faster you buy your first home, in my opinion, the better,” Barbara said, even though the process can be difficult, confusing and expensive. She goes on to drill down to the four most often-made mistakes: Not factoring in closing costs We all know how closing costs can grow as the closing goes on — …

The world may have moved online, but old-school print handouts still bring value and communicate your message. If they’re done right, they get read, and you get results. Anybody can create a social media post or website, but when you hand out a printed flyer, potential clients know that you are serious about your business. Back in the day, it may have been necessary to hire (and spend lots of money) on a design agency to create your handouts and brochures. These days, though, you can take advantage of online …