This has been a telling summer for the housing market. With interest rates on the rise and new development projects progressing slowly, many people who could sell their homes for a good price are choosing to stay put because they know how hard it will be to find another home. This breakdown shows how the real estate industry has been fairing so far this summer, …
This is a question that plagues both real estate professionals and people looking to buy or sell their home. If I’m a realtor, how do I get people to sign with me? If I’m looking to buy or sell my home, how do I find an agent that I can trust and has been successful? We searched around for answers to these common questions, and …
A Yupcap is a person who is new to the workforce, usually in their early 20’s. It is technically an acronym, standing for “Young Urban Professional who Cannot Afford Property. They are a part of the Millennial generation, and cannot afford real estate in the current market despite having earned a college degree. Yupcaps are usually employed with well-paying jobs, but still live at home …
The demand for houses in cities is far outweighing the supply, and construction can’t keep up with the influx of people that come into the cities to take advantage of all the job opportunities. Enter Blokable, the Washington-based company trying to efficiently solve this problem through pre-fabricated housing units. They manufacture Bloks – housing units similar to shipping containers that can be connected (like legos) …
Oddly enough, the generation that had the most to lose during the 2007 housing market crash is the only generation that has made a full recovery. Generation X homeowners (born between 1965 and 1980) experienced the largest decline in home equity after the crash. It fell from about $66,000 on average in 2007 to $37,600 in 2010, a drop of 43%. However, since 2010, the …
Generation X Is Recovering from the Housing Market Crash Read more »
A sandwich lease is a lease agreement in which a person rents a property from an agent who is leasing the property from the actual owner. This strategy is seen as a way for low-capital investors to gain access to real estate markets, as you can initiate a sandwich lease with no money down and without the involvement of a bank. However, there are some …
A lot of surprises come up when you own a home, and having resources to turn to when you need to solve a problem or are simply curious can save the day. Here is our list of the top 5 most useful websites for homeowners: Homefair – Home Fair will provide city reports, school reports, average salary calculators, and cost of living reports for new …
New Zealand’s parliament passed a law on Wednesday that will make it extremely hard for foreigners to buy residential property in the country. The “Overseas Investment Amendment Bill” will prevent foreigners from buying existing residential properties in the country, but will still allow them to buy into large apartment developments that are under construction. This bill was introduced in response to an enormous increase in …
You Can No Longer Buy a Home in New Zealand as a Foreigner Read more »
When you are ready to make an offer on a home, you want to do everything possible to make the seller want to accept your offer, especially if there is competition for the home. There are many things you can do – outside the realm of a bigger financial offer – that can make a seller want to accept your offer. Make them like you …
A zombie title is defined as a real estate title that remains with a homeowner who thinks that they have lost the property to foreclosure. These are the result of lenders initiating foreclosure proceedings by issuing a notice of foreclosure, and then dismissing it unexpectedly or without telling the homeowner. If the homeowner is left unaware of this dismissal, then they become the owners of …