• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Real Estate

Meager Sales Rebound Underscores Tough Market

NAR Daily News Magazine - October 20, 2017 - 12:00am

Real estate transactions remain near their lowest level of the year, despite buyer interest in most parts of the country, NAR reports.

Categories: Real Estate

How Much Amazon’s HQ2 Will Drive Up Rents

NAR Daily News Magazine - October 20, 2017 - 12:00am

A “prime markup” is in store for the rental market in the city where the online retailer chooses to base its second headquarters,...

Categories: Real Estate

More Neighborhoods Fall Under HOA Guidance

NAR Daily News Magazine - October 20, 2017 - 12:00am

There could be as many as 347,000 community associations throughout the country this year, so your clients should be aware of any rules in the...

Categories: Real Estate

Mortgage Rates Ease This Week

NAR Daily News Magazine - October 20, 2017 - 12:00am

Borrowers may be able to lock in lower interest rates this week, as the 30-year fixed-rate mortgage dips to a 3.88 percent average.

Categories: Real Estate

Can Developers Please Both Boomers and Millennials?

NAR Daily News Magazine - October 20, 2017 - 12:00am

The two generations don’t always agree on what they want in a home, posing challenges for builders who are striving to meet both groups...

Categories: Real Estate

Where Price Per Square Foot Is Highest, Lowest

NAR Daily News Magazine - October 20, 2017 - 12:00am

See how vastly different prices per square foot are in various regions of the U.S.

Categories: Real Estate

‘Hottest Zip Codes’: A Tale of Three States

RisMedia Consumer News - October 19, 2017 - 4:46pm

Realtor.com®’s annual Hottest Zip Codes in America ranking reads like a tale of three states: California, Colorado and Michigan.

  1. Watauga, Texas (76148)
  2. Livonia, Mich. (48154)
  3. Kentwood, Mich. (49548)
  4. Medford, Mass. (02155)
  5. Littleton, Colo. (80123)
  6. Castro Valley, Calif. (94546)
  7. Colorado Springs, Colo. (80922)
  8. Overland Park, Kan. (66210)
  9. Mira Mesa (San Diego), Calif. (92126)
  10. Hilliard, Ohio (43026)

California, Colorado and Michigan nabbed six spots in the top 10 (another zip in California, 95758, stopped just shy at No. 11), thanks to three traits: affordability, good-paying jobs and millennials. Of California’s zip codes in the top 10, the median home price ranges from $536,394 (Mira Mesa/San Diego) to $728,267 (Castro Valley); of Colorado’s zip codes in the top 10, the median home price ranges from $273,222 (Colorado Springs) to $533,873 (Littleton); and of Michigan’s zip codes in the top 10, the median home price ranges from $118,833 (Kentwood) to $223,780 (Livonia).

Generally, homes in the top 10 are more affordable than counterparts in their county or metropolitan area, and the markets themselves have higher incomes, low unemployment and more millennials.

“While low inventory is a challenge, millennials are the largest generation in U.S. history and they are flexing their muscle when it comes to the housing market,” says Danielle Hale, chief economist for realtor.com. “Increasingly, the hottest housing markets are the ones that appeal to millennial preferences, and right now the standouts are relatively affordable suburbs with local ‘it’ factors such as hiking trails, great restaurants and nightlife.

“With the largest cohort of millennials turning 30 in 2020, we can expect these types of areas to stay in demand in the years to come,” Hale says.

Homes in the top 10 sell in an average 21 days, the ranking reveals, and listings located in the top 10 are viewed four times more on realtor.com than those in the rest of the U.S.

For more information, please visit www.realtor.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post ‘Hottest Zip Codes’: A Tale of Three States appeared first on RISMedia.

Categories: Real Estate

Skills Agents Say Are Most Important

NAR Daily News Magazine - October 19, 2017 - 12:00am

A new report from NAR cites being a people person as one of the many traits you should have to succeed as a real estate agent. Do you have what it...

Categories: Real Estate

2017’s Hottest ZIP Codes

NAR Daily News Magazine - October 19, 2017 - 12:00am

Find out which cities are hitting high notes on realtor.com®’s list for the year’s hottest housing markets.

Categories: Real Estate

Hurricanes Pummel New-Home Production

NAR Daily News Magazine - October 19, 2017 - 12:00am

Fewer new homes are in the works, and economists say recent hurricanes that struck the South brought down the latest housing numbers. 

Categories: Real Estate

Boomers Stuck With Big Homes to Sell

NAR Daily News Magazine - October 19, 2017 - 12:00am

Baby boomers are growing concerned that they’ll be unable to sell their big suburban homes as younger generations show different housing...

Categories: Real Estate

More Renovations in the Forecast for 2018

NAR Daily News Magazine - October 19, 2017 - 12:00am

A new report finds annual gains in home renovation and repair spending will surge through the third quarter of next year.

Categories: Real Estate

The Best Places to be a Landlord

NAR Daily News Magazine - October 19, 2017 - 12:00am

Higher home prices and a tight supply of homes for sale may be the mantra nationwide. But certain markets are still offering lucrative options for...

Categories: Real Estate

Airbnb Now to Build its Own Apartments

NAR Daily News Magazine - October 18, 2017 - 12:00am

Airbnb may have found a way to settle its disputes with cities over short-term leasing apartments and homes. It’ll build its own apartment...

Categories: Real Estate

Study: Your Listing’s Words Carry Weight

NAR Daily News Magazine - October 18, 2017 - 12:00am

Properties that contain certain words in their listing comments tend to sell for higher prices, a new study reveals. Find out which words can have...

Categories: Real Estate

Bitcoin Real Estate Deals: A Hot Trend?

NAR Daily News Magazine - October 18, 2017 - 12:00am

“Our buyer has evolved; they’ve moved from mom-and-pops to young people who want to pay with various forms of payment,” the...

Categories: Real Estate

These Lenders Dominate the Mortgage Market

NAR Daily News Magazine - October 18, 2017 - 12:00am

Here are the most popular lenders borrowers are turning to for financing a home purchase or for refinancing. 

Categories: Real Estate

N.C. Agent Previewing Home Finds Two Dead

NAR Daily News Magazine - October 18, 2017 - 12:00am

A police investigation in Chapel Hill, N.C., involves the deaths of a senior homeowner and her son, whom a REALTOR® found as she started to...

Categories: Real Estate

Lower Rates Spark Higher Loan Demand

NAR Daily News Magazine - October 18, 2017 - 12:00am

A slight decrease in mortgage rates brought refinancers and home shoppers back to lenders last week. 

Categories: Real Estate

Will Future Homes Withstand Earthquakes?

NAR Daily News Magazine - October 17, 2017 - 12:00am

Researchers say they’ve invented a type of cement that can withstand a 9.0 earthquake. 

Categories: Real Estate