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.
Tag: real estate
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.
“Any all-digital business can benefit from adding an app to the marketing mix,” Nabeena Mali writes for AppInstitute. “But bricks-and-sticks businesses can enjoy equal – even greater – gains. With tech ever-advancing and developers getting ever more creative, this list barely scratches the surface.”
RetailMeNot has announced the latest edition of its Shoppers Trend Report, which found that parents aren’t wasting time moving on with their lives after their kids leave the nest.
As parents prepare to send their kids away to college for the first time, they’ll likely experience a range of emotions once the boxes are packed and the house is left quiet. But the survey found that after the tears go away, parents are just as ready as their kids to start a new chapter in life.
Nationally, 13% of surveyed consumers are ready to buy a luxury home and another 26% are considering a high-end home purchase, according to a new survey from Realtor.com. Sellers, builders, and realtors should pay particular attention to desired luxury amenities such as chef-quality kitchens, as 54% of luxury buyers indicated a chef’s kitchen as an important feature.
With temperatures warming and the housing market improving, more consumers are out looking at properties. Many of these consumers will be first-time home buyers. As they venture into the home ownership market, these folks will worry about what might go wrong with the big ticket items like plumbing or heating systems. One way to ease their minds and increase sales is to offer a home warranty.
Led by a resurgence in single-family production, housing will continue its climb toward higher ground in 2014. The National Association of Home Builders (NAHB) is forecasting 1.15 million total housing starts in 2014, up 24.5% from last year’s total of 928,000 units. But builders are still confronting several challenges that could hinder the pace of the ongoing recovery.
Amid rising home prices, increasing home sales, and falling delinquencies and foreclosures, more than 1 in 4 consumers (27%) feel more positive about home ownership than they were six months ago, according to new research from Trulia. In fact, 31% of today’s renters plan to buy a home in the next two years—a 9-point increase from 22% in January 2011. However, some Americans remain skeptical about owning a home.
The real estate market is beginning to show signs of life with buyers out looking for deals in some regions. To attract both buyers and sellers, realtors need to advertise. Since the start of the great recession, the array of advertising formats has increased and more realtors are turning to online and social media methods.
Until recently, growth in the U.S. housing market had been fueled by the rising demand for single-family homes. Realtors established their businesses by promoting homes that were for sale. Some analyst believe a housing recovery has begun but they predict that type of demand in the industry, and the related advertising, will differ from what we’ve been accustomed to seeing.