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Real Estate

Minority Neighborhoods See Biggest Gains in Home Equity

NAR Daily News Magazine - September 12, 2018 - 1:00am

Homes in neighborhoods that are predominantly populated by minority families have seen substantial gains in home equity over the last four years. But has it been enough to close the gap between them and white neighborhoods?

Categories: Real Estate

Helping Clients Who’ve Inherited a House

NAR Daily News Magazine - September 12, 2018 - 1:00am

These five tips will provide guidance for those handling property that’s part of an estate. 

Categories: Real Estate

Are Quick Sales Becoming the Norm?

NAR Daily News Magazine - September 11, 2018 - 1:00am

Homes for sale are not lingering on the market for long. See where the fastest sales are happening.

Categories: Real Estate

Nearly 759K Homes at Risk as Hurricane Florence Nears

NAR Daily News Magazine - September 11, 2018 - 1:00am

The storm is threatening to strike the Carolinas and Virginia as a dangerous Category 4 hurricane. 

Categories: Real Estate

Survey: Americans’ Ideal Home

NAR Daily News Magazine - September 11, 2018 - 1:00am

How do people visualize the perfect abode when it comes to home design, amenities, and location?

Categories: Real Estate

What to Buy in September

RisMedia Consumer News - September 10, 2018 - 4:57pm

(TNS)—September is a big month for bargains, with deep discounts on summer merchandise and more.

“September is all about the end of summer, so anything seasonal is going to be on clearance,” says Benjamin K. Glaser, former features editor with DealNews.com.

You’ll find the last of the one-cent and 10-cent deals on school supplies at the big office-supply chains in September. If you or the student in your life needs a laptop computer, you might find a bargain.

“Inventory will be more limited, but the discounts justify giving it a look,” Glaser says.

At the grocery store, summer produce is discounted and so is the first bounty of fall.

“You’ll see great prices on peaches and nectarines, alongside pears and apples,” says Chris Romano, chief operating officer of Veggie Noodle Co. in Austin, Texas, and former coordinator for produce and floral for Whole Foods Market. “You have two seasons at the same time.”

Here’s your guide to the best things to buy in September.

Tomatoes and Corn
If you’ve been enjoying big, juicy summer tomatoes, now is your last chance to enjoy them at lower prices.

In September, you can still find a rainbow of heirloom varieties for 20 to 50 percent less than out-of-season prices, Romano says.

Big, round “slicer” tomatoes—a cookout staple for topping burgers—will be cheaper, with some as low as 99 cents a pound. Don’t forget fresh corn—markets tend to roll out specials, such as 25 cents an ear, or four for $1.

September also ushers in the first tastes of fall. Hearty greens that are great in soups and salads, such as kale and chard, “need the cool, crisp nights” that September brings, Romano says. Look for big discounts.

Apples and Pears
Craving apple pie, apple fritters or just a sweet, crispy apple with a slice of cheese? Domestic apples are a fall crop, and as they roll into the stores in September, you’ll see prices start to drop, says Romano.

It’s also the start of the short season for another fall favorite: Bartlett pears.

“They’re very prolific and very flavorful in September and October,” says Romano. “You’ll see some nice discounts.”

Coffee
Make your calendars, caffeine fiends: Saturday, Sept. 29 is National Coffee Day. To celebrate, many coffee houses and doughnut shops, including chain stores and small independent cafes, will offer deals and discounts. Some coffee shops offer free cups of java and doughnuts on the house, as well as special buys on coffee beans.

One place you won’t find a free cup of joe: Starbucks. The giant coffee chain instead uses National Coffee Day to kick off charitable events and tout the positive impact it has on coffee-growing communities worldwide.

Airline Tickets
Most people take their big trips in summer, which makes September a good month to find deals on airline tickets. The one exception for fall travel bargains is Thanksgiving week. Flights sell quickly and at a premium for that holiday.

A few guidelines to follow:

  • If you see a good price, grab it. Airfares change frequently, and there’s always someone waiting to grab that ticket if you don’t.
  • The general rule for buying airline tickets is to book about 60 days in advance, so if you’re planning a winter getaway, September is a good time to nail it down.
  • To boost your chances of landing a deal, set fare alerts for your destination on sites such as Orbitz or Travelocity, or use a price prediction and monitoring app like Hopper. Google Flights is also a good resource for booking air travel, and it recently added new tools to help you decide the best time to book.

Bicycles, Gear and Accessories
Whether you’re an occasional bike rider or you take it seriously, September is a good month to buy a bicycle. New models debut in the fall, so retailers start to sell old inventory.

A lot of bike manufacturers have already delivered their 2019 models, says Larry Pennenski, manager of Mike’s Bikes, which sells the top bike brands at its two stores in Charleston, S.C.

Don’t expect huge discounts on bicycles.

“There’s not a whole lot of markup on them,” says Pennenski. Mike’s Bikes typically discounts older models by about 10 percent, he says.

Bike prices are all over the place, depending on what you want. A 10 percent discount on a $500 Electra Cruiser, for example, saves you a tidy $50. In September, also look for deals on cycling jerseys, helmets, storage stands, tools, and more.

Your location affects prices, too. In northern climes, the bike business slows down during cold months. That’s leverage for shoppers. Being a first-time customer at your local bike shop might give you negotiating power, too, since the store probably wants to build loyalty and retain you as a lifetime customer.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

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The post What to Buy in September appeared first on RISMedia.

Categories: Real Estate

In Detroit, 87% of Buyers Pay Cash

NAR Daily News Magazine - September 10, 2018 - 1:00am

Low home prices along with affluent buyers, more investors, and those wanting to bypass appraisals are prompting all-cash transactions to surge in the city.

Categories: Real Estate

Bill Would Ease Mortgage Restrictions on Self-Employed

NAR Daily News Magazine - September 10, 2018 - 1:00am

The proposed measure would allow lenders to use more sources to verify the income of loan applicants who work for themselves.

Categories: Real Estate

5 Places Where Lousy Credit Won’t Block a Home Purchase

NAR Daily News Magazine - September 10, 2018 - 1:00am

Realtor.com® analyzed metros to find where a less-than-perfect credit score—even those well under 650—can still land buyers a home.

Categories: Real Estate

Court Strikes Down Laws Making Homelessness Illegal

NAR Daily News Magazine - September 10, 2018 - 1:00am

Stemming from a lawsuit against the city of Boise, Idaho, the 9th Circuit Court of Appeals rules that it’s not a crime to sleep outdoors when not enough shelters are available.

Categories: Real Estate

‘Nonbanks’ Emerge as Top Lenders for Home Buyers

NAR Daily News Magazine - September 10, 2018 - 1:00am

More consumers are bypassing big, established banks and turning to a growing subset of specialized lenders to obtain a mortgage.

Categories: Real Estate

Consumer Confidence at High Point

RisMedia Consumer News - September 8, 2018 - 12:00am

In August, consumer confidence rose, posting a 133.4 reading in the Consumer Confidence Index® from The Conference Board. July’s reading was 127.9.

The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, improved, as well, to 107.6, while the Present Situation reading, which gauges how consumers feel about conditions currently, rose to 172.2.

“Consumer confidence increased to its highest level since October 2000 following a modest improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board, in a statement. “Consumers’ assessment of current business and labor market conditions improved further. Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018. Overall, these historically high confidence levels should continue to support healthy consumer spending in the near-term.”

Source: The Conference Board

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The post Consumer Confidence at High Point appeared first on RISMedia.

Categories: Real Estate

5 Strategic Ways for Millennials to Save Money

NAR Daily News Magazine - September 7, 2018 - 1:00am

Often the down payment is the biggest obstacle for younger would-be home buyers. Here are ways to get a solid financial footing.

Categories: Real Estate

How Race Still Matters in Real Estate

NAR Daily News Magazine - September 7, 2018 - 1:00am

A sociologist explains how agents’ business practices can reduce opportunities for minority consumers.

Categories: Real Estate

Lots Are Costing Buyers More

NAR Daily News Magazine - September 7, 2018 - 1:00am

Home yards may be getting smaller but they’re also hitting record-level prices.

Categories: Real Estate

Mortgage Rates Inch Up

NAR Daily News Magazine - September 7, 2018 - 1:00am

Borrowing costs may be slowly on the rise again in the coming weeks, Freddie Mac warns in its latest mortgage market survey.

Categories: Real Estate

Survey: Clients With Kids ‘Urgently’ Need to Buy, Sell

NAR Daily News Magazine - September 7, 2018 - 1:00am

Slightly more than a quarter of all buyers with children say that child care expenses delay their home purchases.

Categories: Real Estate

Beware Location Remorse: Over a Third Have ‘Neighborhood Regret’

RisMedia Consumer News - September 6, 2018 - 4:01pm

You can change a house—location is tougher.

According to new research by Trulia, 36 percent of Americans have “neighborhood regret,” or would have moved to another neighborhood than the one they reside in today. The feeling is heightened in metros, where 46 percent are dissatisfied with their pick, but less pronounced in rural areas (31 percent) and the suburbs (30 percent) The portal surveyed 1,000 Americans in Austin, Chicago and San Francisco who moved in the past three years.

What makes a neighborhood suitable? Forty-eight percent of those surveyed were motivated by the “vibe,” 37 percent were affected by crime rates, and another 37 percent were attracted to easier travel to work. Attributes that led to regret? Lack of public transit, noise and traffic.

Is your neighborhood a problem? For future moves, prepare through research. Look up neighborhood photos—something just 38 percent of those surveyed did—and plan a time to visit. Only 37 percent explored the neighborhood’s popular spots, and 47 percent did not go at night. Remember, as well, that your agent is an expert on the local market. Contact them for help with your move.

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

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The post Beware Location Remorse: Over a Third Have ‘Neighborhood Regret’ appeared first on RISMedia.

Categories: Real Estate

Home Flips Plunge as Distressed Inventory Dries Up

NAR Daily News Magazine - September 6, 2018 - 1:00am

Investors retreat from the fix-and-flip market, as fewer properties are available at deep discounts.

Categories: Real Estate

PHH, Realogy to Pay $17M Over Alleged Kickbacks

NAR Daily News Magazine - September 6, 2018 - 1:00am

The two companies have settled claims from a 2015 lawsuit that they received kickbacks for referring certain settlement services.

Categories: Real Estate