“Generation Z is eager to get on the property ladder. Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America Corp.”
“After climbing for much of 2018, mortgage rates have been falling since the beginning of the year. The average mortgage APR (annual percentage rate) was recently at 4.28%, according to Freddie Mac, compared to a high of 5% in 2018. But just because rates are down doesn’t mean you’re getting a good deal, says Consumer Reports.”
“Of the more than two million calls to U.S. poison control centers in 2017, 45% concerned kids 6 and younger, according to the latest data from the American Association of Poison Control Centers (AAPCC).”
Across the country, people are largely happy with their current homes, and would rather stay in them and make updates than move. The latest Zillow Housing Aspirations Report finds that 76% of Americans would rather use a set amount of money to upgrade their home to meet their needs instead of as a down payment on a new home.
Joseph Giannone Plumbing, Heating & Air Conditioning, a family-owned home service company with an A+ rating by the BBB, recommends utilizing smart home automation features before leaving for vacation. Owner Joseph Giannone says, “When the home is left vacant, utilities and overall security can remain a concern. Fortunately, smart home technology continues to advance and can provide real solutions for to put vacationers at ease.”
A new study from Chubb finds that while homeowners are nearly unanimous (90%) in saying they are “vigilant” or do an “okay job” at home maintenance, their responses tell a different story when it comes to water damage prevention, the number one cause of property-related claims.
Luxury home sales continued their record-breaking pace in July, as prices hit double digit gains in 19 major markets, according to the Realtor.com 2018 Luxury Home Index. Additionally, the number of sales at or above the $1 million mark rose 13% over last year.
Insurance Companies Can Attract New Client by Advertising Discounts to Homeowners Who Make These Improvements
“With home-improvement season in full swing, this is the time of year when you might make upgrades that can protect your home from burglaries, fires, and storms, such as hurricanes and tornadoes. According to Consumer Reports, if you take steps to make your home safer, your homeowners insurance company could reward you with a premium discount, depending on what you’ve done.”
Median rent is appreciating more quickly this spring than last in 27 of the 35 largest U.S markets, according to the May Zillow Real Estate Market Report. In some of the nation’s most expensive rental markets, median rent is appreciating more slowly now than last spring. In Seattle, for example, where annual rent growth has been among the highest in the country, rent appreciation has slowed from a 5.8% annual growth rate last spring, to a 3.3% annual growth rate now. A similar trend holds true in Los Angeles, Portland and Boston.
At a time when Americans’ lives are busier than ever and to-do lists feel never ending, organizing makes homeowners into masters of their universe; a staggering 95% of homeowners say they feel when their home is organized that their life is organized, according to a new MasterBrand Cabinets home organization survey. The nation’s leading cabinetry manufacturer conducted a survey of more than 1,000 U.S. adult homeowners ages 25-65, revealed today.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to pay close attention to their property’s landscaping as it could have a major impact on value. In fact, a well-landscaped home can add approximately 6 to 13% in value compared to a property with no landscaping, according to one source.