Daily Real Estate News

Developers Look to Farmers to Cultivate Home Buyers

NAR Daily News Magazine - April 18, 2019 - 1:00am

Eager to attract nature-focused home shoppers, more communities are being built with agricultural amenities.

Quicken Loans: Owners Can Use Vrbo Rental Income to Refinance

NAR Daily News Magazine - April 18, 2019 - 1:00am

A recent partnership with Vrbo, a vacation rental firm, plans to allow homeowners to use income earned through short-term rentals to qualify for a mortgage refinance.

Report: Do Homeowners Fare Better Than Renters?

NAR Daily News Magazine - April 18, 2019 - 1:00am

“The share of cost-burdened renters remained fairly steady over a decade while the share of cost-burdened owners dropped significantly,” new research notes.

Young Adults Put Mortgage Before Marriage

NAR Daily News Magazine - April 18, 2019 - 1:00am

Nearly one in four millennial buyers say they want to buy a home before they tie the knot.

West Coast Buyers May Face Fewer Bidding Wars

NAR Daily News Magazine - April 17, 2019 - 1:00am

“Last year home buyers had to pull out all the stops to land a home in competitive West Coast markets, but this year there are more homes for sale and the odds are more in the buyer’s favor,” says Redfin’s chief economist.

Notre Dame Fire Proves Vulnerability of Historic Buildings

NAR Daily News Magazine - April 17, 2019 - 1:00am

Are the world’s historic churches among the most vulnerable? “If they weren’t houses of worship, they’d be condemned,” asserts one fire consultant.

Report: Owners Aren’t Saving Enough for Remodeling

NAR Daily News Magazine - April 17, 2019 - 1:00am

Homeowners significantly underestimate the costs involved when planning a home improvement project, a new study finds.

T3 Sixty Ranks Top MLSs, REALTOR® Associations

NAR Daily News Magazine - April 17, 2019 - 1:00am

Find out where your MLS and REALTOR® association falls in T3 Sixty’s newly released rankings.

Waterworld: Could Floating Homes Be the Future?

NAR Daily News Magazine - April 16, 2019 - 1:00am

As sea levels rise, architects are brainstorming ways to make homes more resilient to flooding.

Police Arrest Impostor Agent Who Targeted Undocumented Buyers

NAR Daily News Magazine - April 16, 2019 - 1:00am

A Parlier, Calif., woman was caught allegedly trying to dupe buyers out of thousands of dollars. Make sure your clients are wary of phony practitioners and listings when homebuying.

Design TV Shows Are Inspiring Optimistic Home Renovators

NAR Daily News Magazine - April 16, 2019 - 1:00am

Watching television programs focused on home remodeling is prompting more buyers to shed some of their fixer-upper fears. Help your clients understand the benefits and setbacks of DIY fixes on a property.

Washington REALTORS® Fight Off Bill to Limit Dual Agency

NAR Daily News Magazine - April 15, 2019 - 1:00am

The state association helped kill a legislative proposal to prohibit commercial practitioners from representing both sides in a transaction.

HUD Seeks Input on Maximizing ‘Opportunity Zones’

NAR Daily News Magazine - April 15, 2019 - 1:00am

The Department of Housing and Urban Development is seeking public comment on how it can use “Opportunity Zones” to better benefit residents and communities.

NAR Tool Helps Alert Pros to Imminent Safety Threats

NAR Daily News Magazine - April 15, 2019 - 1:00am

The recently launched REALTOR® Safety Network enables practitioners to report dangerous situations they’ve encountered in the field.

Can ‘Net Zero’ Help Reinvent Cities?

NAR Daily News Magazine - April 15, 2019 - 1:00am

REALTORS® are helping to make zero-energy buildings and homes a reality in their communities. In Florida, one real estate pro believes the movement can recast his city into a tech hub.

Report: ‘Underinsurance’ Rampant in Disaster-Prone Areas

NAR Daily News Magazine - April 15, 2019 - 1:00am

Homeowners would be wise to check on their insurance and make sure they are adequately covered before disaster strikes.

7 Neighborhoods Gentrifying the Fastest

NAR Daily News Magazine - April 15, 2019 - 1:00am

The physical and economic transformation of some areas can be a double-edged sword for home buyers. These towns are morphing the most right now.

Work and School: America’s Most Affordable Cities

RisMedia Consumer News - April 14, 2019 - 1:03pm

For recent graduates, young professionals or folks considering career changes, housing affordability could be the deciding factor when it comes to searching for a job. A recent study out of BusinessStudent.com examined just this.

Hosts of the site—dedicated to students and professionals seeking careers, courses, degrees and jobs in business, technology and healthcare—wanted to see which parts of the country and specific cities give business professionals the biggest bang for their housing buck.

Writer Jennifer L. Gaskin reports that BusinessStudent.com researchers compared the highest-quoted salaries from over 100 business-related jobs on Indeed.com to RentJungle.com’s average rent for a two-bedroom apartment across America.

They came up with these five most affordable cities to live and work: Tulsa, Okla.; Lexington, Ky.; Oklahoma City, Okla.; Las Vegas, Nev.; and Memphis, Tenn.

Some other key points from the study are:

  • The average salary among the top 25 most affordable cities is $72,230, and the overall average income remaining after rent is about 81 percent.
  • Texas, the nation’s second most-populous state, is by far the overall leader, with five cities in the top 25. The highest-rated is Fort Worth, where the average worker has more than 80 percent of their income left after rent.
  • The Midwest placed eight cities, including three in Ohio.
  • Anyone considering relocating for career purposes should strongly consider Oklahoma—The Sooner State boasts two of the top three cities, including No. 1 Tulsa.
  • The cheapest average monthly rent, $863, was also in Tulsa, while the highest average rent was in Dallas, at $1,422.
  • Dallas, on the other hand, had the highest average salary at $82,609, while just two hours south, College Station, had the lowest average salary of the top 25, at $55,086.

According to Gaskin, a career in “business” is broad enough that it can mean just about anything. So the site created an index of 127 business careers, tracking the average salaries and how they vary by location. The highest-paying job paid $187,000 on average in the U.S. (Medical Director), while the lowest (Security Supervisor) pays $31,000 per year. The average business job the site tracks pays $75,000 per year.

John Voket is a contributing editor to RISMedia.

The post Work and School: America’s Most Affordable Cities appeared first on RISMedia.

A Costly Mistake Homeowners Are Making

NAR Daily News Magazine - April 12, 2019 - 1:00am

Homeowners may be one leaky or burst pipe away from financial ruin.

Report: Gen Z Is Already Saving for a Home

NAR Daily News Magazine - April 12, 2019 - 1:00am

Here comes Gen Z! They’re saving, making sacrifices—and eager to buy a home before the age of 30.

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