Rising sea levels may be prompting affluent home buyers to rethink purchasing waterfront vacation properties along the country's coasts. Cities and homeowners in wealthy oceanside enclaves on the eastern and western seaboards are fighting to keep erosion and high tides from damaging homes, The Washington Post reports.“I plan to stay and fight as long as I can,” homeowner Justine Kenney told the Post about trying to save her 1940s home in
The median age of owner-occupied homes in the U.S. is 37, indicating that more properties may become pricier to maintain as they grow older and vulnerable to disrepair, according to the 2016 American Community Survey.But builders view the aging housing stock as an opportunity. Rising home prices may prompt more households to spend more on home improvement, the National Association of Home Builders notes on its Eye on Housing blog. Further, “thi
The National Association of REALTORS® is helping to foster ethical practices on a global scale, signing an accord last week with a coalition of Central and South American nations to reaffirm a commitment to the Code of Ethics in the region.The move came during the III Latin American Real Estate Congress, a meeting of the Confederación Inmobiliaria Latinoamericana (CILA) and the Costa Rica Chamber of Real Estate Brokers, in San Jose, Costa Rica,
One in four properties nationwide are “equity rich," according to a new report released by real estate data firm ATTOM Data Solutions. To be considered as such, homeowners with financing must currently hold a mortgage that is 50 percent or less of the property’s estimated market value. As home prices keep setting records, the number of homeowners with equity in their homes is growing. More than 13.6 million properties were considered “equi
More than 43 percent of renters say they’ve found online rental listings that seemed fraudulent, and more than 5 million say they’ve actually been scammed—sometimes to the tune of thousands of dollars—according to a new report released by rental website ApartmentList.com.Renters may be less diligent in researching apartments when feeling the urgency to move, says Igor Popov, chief economist at Apartment List. “There are lots of cases wh
The trend of slow-to-launch millennials staying at home with mom and dad has led to about 2.4 million fewer households forming, according to a National Association of Home Builders analysis. The rise in housing costs and personal debt are the chief factors keeping millennials at home, economists say.The number of young adults who are living with their parents or other relatives has increased from 15.3 percent in 2000 to 26.3 percent in 2016, acc
Home buyers are increasingly being swayed by their pets when choosing which property to purchase. Three-quarters of home buyers say they would even pass up an otherwise perfect home—their dream home—if it did not meet their pets’ needs, according to a new realtor.com® survey of more than 1,000 consumers who’ve closed on a home in 2018.“It’s heartwarming to find that people will put their pets’ needs first, even when it comes to one
Even as California battles the largest wildfire in state history—a blaze known as the Mendocino Complex has scorched about 454 square miles in Northern California and forced tens of thousands to flee their homes—no reports have surfaced of real estate professionals or brokerages in the area being affected, according to the California Association of REALTORS®. Other brokerages, such as Keller Williams Realty, say they stand ready to act in ca
Three Pacific Union real estate agents were among the five victims of a fatal twin-engine plane crash that nosedived into an upscale Santa Ana, Calif., shopping center on Sunday. All five victims were on board the aircraft.Courtesy of Pacific UnionREALTORS® Lara Shepherd, 42, Floria Hakimi, 62, and Nasim Ghanadan, 29, were identified as among the victims on the plane.REALTORS® Lara Shepherd, 42, Floria Hakimi, 62, and Nasim Ghanadan, 29, were i
Homeowners who love supersized homes may want to head to Scranton, Pa. Realtor.com® ranks Scranton as the top city to find the biggest bargains on big homes in the country.Nationwide, a home of over 3,000 square feet will cost $589,700, or about $147 per square foot, according to realtor.com®. In Scranton, however, the median list price of a home over 3,000 square feet is $379,900, or $94.99 per square foot.Realtor.com® researchers analyzed li
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