News

Single-family housing authorizations decreased 0.95% in December, falling for the second consecutive month and down 3.76% year-over-year, according to a recent report by BuildFax. Assuming a number of indicators follow a projected pattern, BuildFax said there is a 43% probability of an economic recession between 2019 and early 2020.

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Business for those working in real estate and mortgage lending is changing, and those who want to learn how to thrive in this new climate need a place to learn and connect. That was the impetus behind the creation of the Industry Syndicate, a media network and community for professionals in the space who want to engage their peers and uncover fresh ideas on how to grow their businesses.

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Whether it’s because they’re attracted to communal, dormitory-style living or because that’s all they can afford these days, Millennials and other younger generations are increasingly turning to co-living as a housing option. The idea has taken off in recent years, with several different companies beginning to expand on the idea of shared living. And now, one of Europe’s largest co-living developers is planning to make a big push in the U.S.

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Held steady by decreasing mortgage rates, homebuilder confidence in the market of new single-family homes stabilized in the month of January, increasing two points to 58, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. 

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A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Property Group, its owners, and others were repeatedly warned to stop violating the city’s short-term rental laws, but chose to continue to do so, earning more than $21 million in illegal revenue from Airbnb.

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Although the housing market is expected to experience a slowdown in 2019, some metropolitan areas are thriving. Because of this, LendingTree has ranked the 50 largest metros. Read to find out which cities are ahead of the pack.

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Around this time last year, Knock, a real estate startup that buys homes directly from homeowners, unveiled an expansion plan that would see the company grow its business beyond its first market of Atlanta. Since then, the company has indeed expanded and is now operating in five markets, but the company has much bigger plans than that. And now, the company has the money to reach those goals.

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Blackstone Group is set to finish raising capital for the largest-ever real estate fund. According to The Wall Street Journal, the $20 billion fund is expected to close in the first quarter of 2019 for most investors and may focus on tech hubs, remote resorts, rental properties and distribution centers.

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Real estate and rental listing website Trulia recently announced Issi Romem joined the company as its new chief economist. Trulia's Senior Vice President and General Manager Tim Correia said Romem brings a fresh but experienced perspective on the U.S. economy, urban development and housing policy to Trulia’s Housing Economics Research team.

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In 2018, American consumer debt reached a whopping $4 trillion, contributing to tightening affordability concerns in the housing sector. LendingTree recently released a report that highlighted the best U.S. metros for paying off debt. Find out which cities made the cut.

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I have something to admit: I am an HGTV junkie. To be clear, I’m using “HGTV” here in the same way one might use “Kleenex” in place of “tissue” because I’m pretty much obsessed with design shows and the like, regardless of the network. So, with a natural curiosity and, really, as a bow to societal pressure, I started watching Tidying Up with Marie Kondo this week...and, well, I’ve got thoughts. If you haven’t caught the show and you aren’t familiar with its namesake star or her famed KonMari Method, let me give you a quickie overview, courtesy of Netflix: “In a series of inspiring home makeovers, world-renowned tidying expert Marie Kondo helps clients clear out the ...

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Government-backed mortgage loans, VA, FHA and USDA, require little to no down payment. FHA loans ask for a down payment of at least 3.5 percent of the sales price while the other two don’t require any down payment whatsoever. But did you know there are conventional loans that also accept a down payment of just 3.0 percent? There are three such programs, Fannie Mae’s Home Ready, Freddie Mac’s Home Possible and the Conventional 97, another Fannie entry. But the Conventional 97 comes with fewer strings attached. Home Ready is a program designed for first time buyers and asks for a 3 percent down payment. The program was designed to help underserved areas and geared toward low to moderate income buyers. The property must be...

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What you don’t know about real estate, real estate professionals do. PJ Wade identifies significant knowledge gaps for buyers and sellers and reveals how professionals fill those gaps—when asked. It’s what you don’t know about real estate that could cost you when buying or selling. • First-time buyers usually haven’t seen enough houses or condominium units to fully understand where real estate value lies. They may not have been caretaker of a house and, therefore, don’t notice subtle signs of damage, sloppy construction, poor maintenance, or worn-out elements. Those who have visited friends’ houses will rarely have toured the properties with an eye to determining value. First-time-buyer nai...

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“Location, location, location” is the mantra when it comes to where to buy a home. But when it comes to what to buy, it gets a little more complicated. There is definitely a contingent who would insist that you would buy the best home you can afford. But while there is something to be said for buying a move-in ready home, a place that needs a little love can be downright irresistible. You don't have to go all Chip and Joanna here, but buying a fixer-upper makes sense for so many reasons .It costs less “Fixer-uppers list for an average of 8% below market value,” said LearnVest. If you’re on a budget or are being priced out in your market, this is a way to get a literal foot in the door. How much depends grea...

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National parks are a mess (literally), air travel is being jeopardized as TSA agents call out sick and air traffic controllers are asked to work for free, and the Panda Cam at the National Zoo is offline (gasp!). But how is the government shutdown impacting the real estate market? It depends which part you’re looking at. “An NAR survey of 2,211 members found 75 percent had no impact to their contract signings or closings. However, 11 percent did report an impact on current clients and 11 percent on potential clients,” said the National Association of Realtors. Among those impacted by the shutdown, 17 percent had a closing delay because of a USDA loan.” The most impacted areas of the market surround: Buyer uncerta...

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Question: I am the President of a mid-size condominium in Washington. Our Bylaws specifically prohibit short-term rentals of any kind. The board – and most of our members – agree that cutting out short term rentals and subleases of less than a year helps cut down on the move in and out traffic that creates maintenance distress, having renters that don’t care about the building and administrative tracking of who resides in the building. One of our board members called to my attention that the Council of the District of Columbia recently enacted legislation that will allow – under certain conditions – using an owner’s primary residence for such short term rentals as AirBnb. Our question: are our current ...

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Painting is one of the easiest and least expensive ways to transform a space. But it can also be a hassle, what with all that taping and prepping and cleaning up. These clever tips can make it easier. Fun, even. (That might be a stretch.) Wrap it up One of the most painful tasks associated with the painting is having to clean up at the end of the day. If you hate cleaning your brushes, this tip is for you. The best way to preserve your brush if you're done for the day (or the time being) but not done with the job, is to wrap it in plastic wrap and throw it in the freezer overnight. But, it does require about 15 minutes of thawing out the following day before you can begin again. We found that putting the brush in a Ziploc bag and making...

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Your home is your place to rest, play, and spend time with your family. It should be a place of comfort, and this comfort need not come at a high cost. Many homes, however, waste a lot of energy in ways that can be prevented. Here are five ways to make your home more energy-efficient. Replace or Weatherize All Windows Windows are one of the biggest sources of heat gain and heat loss in a home. Both heat gain and heat loss rob you of comfort and keep your energy bills higher than they have to be, whether during the summer or winter months. Windows rank high on the list because of air leakage around the frame and the heat that transfers through windowpanes. Old single-pane windows provide little protection against heat transference. If yo...

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Becoming a homeowner is frequently associated with stability, security, accomplishment, and prosperity. That’s why for many people buying a home is a compulsory step towards feeling successful and completed. The truth of the matter is, however, that although buying a home might be a very emotional achievement, it does not always make the most financial sense. If you’ve come to a point in life where you have saved up enough cash to put down on a house, it is the smarter financial move to buy an investment property and not a home. You are better off investing your money in a rental property, which will make more money for you while continuing renting. In a few years’ time, you will have enough cash to not only buy the ho...

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How do you handle those situations that totally embarrass you, but other people think are funny? Maybe you said something in a sales meeting that was misunderstood that got a big laugh. Maybe you dropped a dessert in your lap at the company party and everyone laughed while you sat mortified, or you forgot how to open an MLS-locked door, with just your prospects watching. How you respond when something happens to you can make or break the sale. The two most embarrassing incidents of my career happened on the same day in front of the same prospect, the Chairman and CEO of the largest lender in the southeastern United States and four members of his senior management team. I had been asked to make a presentation to become the exclusive mark...

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As more homes get teched out, how do you make a home smart but stylish too? CES 2019—Las Vegas’ annual mega tech show—is showing off thousands of high-tech products, including a growing number to outfit a smart home.

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A great staircase can be attention-getting in your listing. Don’t forget to stage it and highlight it in your property photos to give it the attention it deserves.

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The paint companies have released their color forecasts for the new year. Which one is your favorite?

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Of the 17 million professional photos of home interiors and exteriors on Houzz, it was this photo of a gray and walnut kitchen that captured the most attention over the year.

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Framing a home in a glow of lights can show off your holiday spirit and your home. But there's a technique to getting it just right. Here are some tips from the pros.

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Painting a room can be a quick, transformative update for new homeowners to accomplish. Offer these tips to help them get started.

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Checkered plaid is a hot design accessory this holiday season.

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A picture is worth a thousand words, and if you have bad photographs of your listing, it tells a thousand bad stories. Here's one way to stand out with your property photos.

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Want to give your listing a little holiday flair–without going overboard?  Elyza Brillantes, design program manager at Havenly, offers some of the following tips: 1. Infuse greenery. Greenery is always a must for staging your home so the space feels fresh. “For the holidays, seasonal greenery like evergreen boughs can be a lovely way to […]

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Find out the most searched-for home furniture items based on Google shopping data and broken down by state.

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Find out where home shoppers have the highest average credit and the ability to make large down payments.

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Consumers are confused when it comes to dual agency arrangements in real estate, cautions a new report from the Consumer Federation of America.

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Find out some of the top styles, features, and finishes in the kitchens that will most catch your clients' eyes.

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T3 Sixty releases its rankings of the most powerful leaders in the residential real estate industry. See any familiar names?

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These bugs are on the prowl. Find out where the thirsty parasites are most common.

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About 75 percent of non-homeowners believe owning a home is part of their American dream, but they haven’t made a move yet. Here’s why.

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In another win for real estate, NAR successfully pushes the IRS to continue a mortgage program vital to keeping closings on track.

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The National Association of Landscape Professionals released its list of outdoor features that will dominate yard designs in the new year.

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How to tell if your market is cooling and the ways you can adjust accordingly on behalf of your clients.

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Notes from the Federal Reserve's latest meeting indicate it won’t raise interest rates until after March.

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