Search results for: “trends”
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Update on Black Real Estate Wealth Trends in 2023
In the Black community today, just one in every five households can afford to shift from renting to buying the median priced U.S. home. That’s according to the National Association of REALTORS®. NAR says Black homeownership is down over the past decade, and lagging behind that of other groups. The trend will not reverse itself…
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Ring In the New: Home Buying Trends for 2022
Will 2022 Be Better for Buyers? Home sellers did very well in 2021. There was just one rub. Most people who sell also want to buy. And homes were very expensive. Some boomers who would normally be downsizing now, and putting their houses into the market, have not. They’ve stayed put, waiting for somewhere to…
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High-Density Politics and Trends
In the Bay Area and Beyond, Housing Shortages Make Higher Densities Inevitable Governments are beginning to allow accessory dwelling units where they didn’t before. They’re rezoning to allow multiple homes per lot. They have to. They’re responding to a housing crisis that needs answers. Otherwise, a state has no way to supply necessary housing in…
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Home Tech Update 2021: Trendsetters Focus on Three Themes
Real estate is different this year. So is the way people think about buying homes. Three standout themes have emerged so far in the 2021 home shopping experience: The buyers of 2021 are more health-conscious than ever. The public health emergency of 2020 transformed the real estate space. Virtual tours, once a snazzy extra feature,…
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Six Trends That Will Define Real Estate in 2021
What does the future hold in store for real estate? After an unimaginable 2020, dare we guess? There’s one thing we can say. People want to sell and buy houses. A few key facts and trends can give us some idea of what they might encounter in the coming year.
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Fintech and Proptech and Deeds… Oh My! Trends Shaping the Future of Real Estate
Tech is transforming real estate at a speed that worries some and excites others. But many would agree that current real estate transactions trigger as much anxiety as joy. A deal can take months, with a string of third parties showering sellers and buyers with fees and paperwork. Those with inside knowledge have an edge…
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Home Appreciation: For Building Equity, What Kinds of Homes Do Best?
It’s an expensive market out there, to put it mildly. If you’re looking at buying a home, you might understandably wonder: Can home prices keep appreciating? Will my home be a good store of value, as well as a good place to live?
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From Deed to Deeds: Selling Property to New Owners With a Condominium Conversion
Like ‘em or not, condos are hot. They’re usually available at lower prices than single-unit homes. They’re popular in cities and suburbs alike. And they offer new deed holders a path to build equity and save money. Investors must meet hopeful buyers where they are, and one strategy is to take a property that’s not…
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Selling the Family Home to Fund Retirement: Get It Done in 5 Steps
Thinking about the financial and practical aspects of selling your family home to fund your retirement? Wondering where to even begin? It’s a major milestone. And it’s best approached one step at a time. Here are the steps in the process of navigating the real estate market as a senior, selling your home and starting…
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Seller-Paid Agent Commissions Are Over in August. How Will Buying Homes Change?
Effective August 17, sellers won’t have to agree to pay both sides’ commissions up front when they list their homes for sale. And agents can no longer communicate “offers of compensation” to other agents through their local Multiple Listing Services. August will mark “a time of adjustment,” says Kevin Sears, who recently took the role…
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Next Five Years: Predictions for the Housing Market
The U.S. News & World Report has just come out with its housing market predictions. And it has a few zingers. Take a look.
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Buyer’s Market in Dallas? It’s All Relative.
Lately, the homes for sale in Dallas stay on the market a little longer. Little by little, sellers are lowering their price expectations, and Dallas home buyers are getting deals. Homes in Dallas stayed on the market, on average, for 37 days in April 2024. That’s up 8% compared to last year. Some (about 12%)…
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Legal News: Oregon Starts Restricting Real Estate Wholesalers
Oregon’s governor has signed H.B. 4058 into law. The point of this new provision? To help people know how brokers work with sellers and buyers in deed transfers. The bill takes effect January 1, 2025. Most notably, the law sets out to regulate residential property wholesaling. Before this, Oregonians could engage in wholesaling without legal…