First Quarter Housing Market Stats
Smartphones and tablets are vulnerable to malware that enables hackers to access your email, online banking information, and apps–whether Android or Apple (despite common misperceptions). How can you tell if your phone or tablet has been infected? USA Today flagged several signs… READ MORE
Why Mortgage Rates Are Dropping
After the Federal Reserve raised its key interest rate about a month ago, mortgage rates were expected to increase as well. Instead, they’ve been dropping. READ MORE
If you’re confused by labels given to the five generations with an active role in the marketplace, this breakdown, courtesy of the Center for Generational Kinetics, should help:
- Gen Z, iGen, or Centennials: Born 1996 and later
- Millennials or Gen Y: Born 1977 to 1995
- Generation X: Born 1965 to 1976
- Baby Boomers: Born 1946 to 1964
- Traditionalists or Silent Generation: Born 1945 and before
Tips to Draw Buyer Interest
The lack of interest in a property is often the result of a poorly priced home, inadequate marketing or insufficient property information. Fortunately, it’s fairly easy to increase interest, if you follow a few tips recommended by Better Homes & Gardens.
Small Spaces – Builders are banking on a lure of tiny studios among the 20-something crowd.
Sales Up – Existing, single-family home sales totaled 416,580 in March, up 4% from February and 6.9% from March 2016.
March Median – Home prices are up 8 percent from February, up 6.8% from March 2016.
In Case You Missed It….
Tips for Staging a Bathroom
The bathroom can make as big an impression as the bedroom or living room, but how often do you go the extra mile to stage it just as perfectly? Home staging expert Tori Toth has some simple ideas for making the bathroom a stronger selling point.
The job market is solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows. And then there’s the bad news: Just try to find a house. READ MORE
Don’t let those freshly baked cookies or potpourri simmering on the stove fool you. The more aggressive the scent, the greater the likelihood the seller is taking precautions to mask a more offensive odor. For more symptoms of trouble from an open house … READ MORE
Look Like an Expert – Include CAR’s interactive market stats, infographics and more in your client presentations.
Freddie Mac Survey – Renters who expect to rent their next home increased to 59% from 55% the last renter survey in September 2016.
Fannie Mae Index – The net share of Americans who say now is a good time to buy fell 10 percentage points, while those reporting it’s a good time to sell increased 9 points. Consumers with confidence about job stability fell 8 points.
Realtor.com Survey – All age groups are looking for some combination of a backyard, garage and updated kitchen.
Net Neutrality – N.A.R. urged the House and Senate to oppose legislation that would threaten network neutrality and rollback FCC protections from 2015.