Existing-Home Sales Kick Off Strong Spring
DAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 20, 2016 After dismal numbers in February, home sales were back on track in March, ramping up for a strong spring selling season, the National Association of REALTORS® reported Wednesday. In particular, gains in the Northeast and Midwest helped fuel the rebound. Total sales for existing homes surged 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March — up 1.5 percent from a year ago — according to NAR's latest ex
Why Americans Really Buy Homes
DAILY REAL ESTATE NEWS | TUESDAY, APRIL 19, 2016 For more than half of Americans, the main reason to buy a home is simply because they want a place to call their own, according to the “Homebuyer Insight Report” recently released by Bank of America. “Home buyers today are motivated by both emotional and practical reasons,” says D. Steve Boland, the consumer lending executive. “Nearly all want more space, but a majority of home buyers, especially those purchasing their first ho
First-Time Buyers Use Guest House for Savings
DAILY REAL ESTATE NEWS | MONDAY, APRIL 11, 2016 Some first-time buyers are finding ways to cover the costs of home ownership by purchasing a multi-unit home that can accommodate a mother-in-law apartment or another rental unit. The added money can then help them cover their mortgage. “Renters like the privacy and homey feel of an accessory dwelling over renting a room in an apartment complex,” notes a recent article at RISMedia “Thanks to this demand, savvy buyers know they c
No more garages?
Self-driving cars are headed our way and, while experts debate exactly how fast they’re going, one thing is certain: They will dramatically change transportation and urban life. Glenn Kelman, CEO of Seattle-based real estate site Redfin, recently explored how self-driving cars will impact home buying in an essay titled “American Cities Were Built for Cars. What Will Happen When They All Leave?” Owning a car, Kelman says, “has been the pet that Americans insist on accommodatin