The luxury brokerage has added offices in Cabo San Lucas, Riviera Maya and Mexico City as demand for real estate in the accessible and affordable country skyrockets.
Pending sales increase 3rd-straight month as prices cool: NAR
"Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months," said NAR's Lawrence Yun.
Gen Zers see ‘green homes’ in their searches, says RE/MAX study
Amid an economic landscape in flux, homebuyers and sellers continue to want expert advice from real estate agents while looking to prepare for the future, and for Gen Z that means finding "green homes," according to RE/MAX.
Sherry Chris and Amory Wooden on how tech and culture ‘fuel’ ERA
As ERA Real Estate's Fuel conference unfolds this week, Chris and Wooden, the brokerage's CEO and CMO, revealed how they navigate a slow market and the technology they routinely deploy.
10 proptech entrepreneurs get real with real estate’s decision-makers
From Rentspree to Better, Intel asked 10 property technology entrepreneurs tough questions on the minds of their colleagues and customers, many of them large, national brokerage brands.
What is a deed?
A deed is a legal document that is used to transfer ownership of real estate from one person or entity to another. It serves as proof that the transfer of ownership has taken place, and is typically signed by both the buyer and seller of the property. A deed typically contains the following information: Names of the parties involved in the transact...
Mike DelPrete on the perils of hurting for cash in a down market
Big brokerages and emerging disruptors alike dipped into savings as revenues declined late last year. Industry analyst Mike DelPrete spoke exclusively to Intel about the options at their disposal.
Living In ... Wallkill, N.Y.
This Ulster County hamlet may not be as hip as some Hudson Valley towns, but it’s more affordable. And everyone turns out for the spring Duck Derby.
Wallkill, NY: A More Affordable Escape in ‘Hip and Trendy’ Hudson Valley
This Ulster County hamlet may not be as fashionable as some Hudson Valley towns, but it’s more affordable. And everyone turns out for the spring Duck Derby.
$2 Million Homes in Washington, New Mexico and Massachusetts
A Tudor Revival house in Seattle, a 2021 home in Santa Fe and a circa 1750 Colonial in Concord.
Falling mortgage rates and home prices spur homebuyer interest
Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.
Will an inventory shortage stymie spring? Look to 1994 for clues
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis.
How a TikToker Brought Hundreds of Transplants to a Midwestern City
People hoping to become homeowners have answered the call to relocate to Peoria, Ill., where the housing is affordable and a one-person welcoming committee awaited them.
Is It a Melon or a Cucumber? It’s a Cucumber Melon, and It’s Delicious
These heirloom cucumber varieties, some of which date to ancient Egypt, ‘are never bitter, and always easy on the digestion.’
Collaborate, communicate, calculate: 7 ways to keep buyers in the deal
The more a buyer is educated about the ins and outs of a transaction, the more comfortable they'll be with bumps in the road. Luxury agent Cara Ameer offers insights designed to help you keep buyers on track.
Love-hate relationship with social media? Here’s how I make it work
Although people have mixed feelings about social media, there's no denying that it's a valuable tool for marketing your business. Find out how agent Nikki Beauchamp puts it to work effectively.
Dreading a rise in foreclosures? Here’s one economist’s take
Windermere Chief Economist Matthew Gardner has pulled the latest data on foreclosure starts and looked at the quality of mortgages that have been given to buyers in order to give you a clear idea of how foreclosures will impact the overall housing market.
Agents don’t prefer their office’s ‘preferred lender’? Here’s what to do
In this month's agent-broker perspective, what should an agent do when her brokerage's affiliated lender is less than preferable?
It’s Baby Boomers vs. Millennials in the Housing Market’s Hunger Games—Guess Who’s Winning?
Photo-Illustration by Realtor.com; Source: Getty Images (2)
It’s baby boomers versus millennials in the housing market’s own version of “The Hunger Games.” And in today’s cutthroat environment, where there is a severe shortage of homes for sale and cash reigns supreme, boomers are winning the war, hands down.
The percentage of millennial and first-time homebuyers plummeted as they were confronted by record-high home prices, raging competition, and an influx of all-cash offers. Meanwhile, boomers—the wealthiest generation—went on a buying spree. Many of them traded one home for another, using the proceeds from their sales to purchase their next pieces of real estate. Some were able to do so without a mortgage, which created another substantial advantage.
“Many millennials could be looking at their boomer parents with a little envy this year,” says Jessica Lautz, the National Association of Realtors vice president of research. Boomers “were able to purchase their dream homes when millennials weren’t even able to find a home to compromise on.”
The report is based on a survey of nearly 5,000 buyers who purchased a primary residence in the 12 months ending June 2022.
6 Common Myths About USDA Home Loans (Hint: They Aren’t Just for Farms)
In today’s high-priced, unpredictable housing market, selecting the right mortgage is a make-or-break moment. Choose right, and you could save many thousands of dollars on interest, closing costs, and more.
While many mortgage options are available, one type that’s often overlooked is a USDA loan from the United States Department of Agriculture—and it comes with a range of advantages.
“The benefits of a USDA loan are huge—no down payment required, frequently better interest rates than comparable conventional or government loans, reduced mortgage insurance called the USDA Guarantee Fee, and [acceptable] credit scores as low as 640,” says Tan Tunador, a senior loan officer with Atlantic Coast Mortgage in Loudon County, VA.
Despite all these money-saving perks, USDA loans are frequently passed over because they’re plagued by some persistent myths. To help clear up the confusion, here are some of the most rampant misconceptions about USDA loans, along with some reality checks.