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    (845) 297 8178
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    (845) 485 2700
    (845) 485 2703
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Real Estate

Owners, Appraisers Mostly Agree on Home Values

NAR Daily News Magazine - April 12, 2018 - 12:00am

Homeowners in many markets are getting a strongly realistic view of home prices in their markets.

Categories: Real Estate

Chinese Investors Unfazed—For Now

NAR Daily News Magazine - April 11, 2018 - 12:00am

Threats over a trade war between the United States and China are growing, and that has some real estate professionals worried. Could the situation...

Categories: Real Estate

Debt-to-Income Ratios Rising Among Buyers

NAR Daily News Magazine - April 11, 2018 - 12:00am

A growing number of conventional mortgage loans are going to borrowers who are spending more than 45 percent of their monthly incomes paying...

Categories: Real Estate

U.S. News Reveals Best Places to Live List

NAR Daily News Magazine - April 11, 2018 - 12:00am

The top city is enjoying its second year ranked number one in terms of affordability, employment prospects, and quality of life.

Categories: Real Estate

House Rentals Outpace Apartment Boom

NAR Daily News Magazine - April 11, 2018 - 12:00am

Single-family homes have emerged as the fastest growing type of rental over the past decade. 

Categories: Real Estate

Loan Demand Falls Thanks to Higher Rates

NAR Daily News Magazine - April 11, 2018 - 12:00am

Mortgage volume is now 5.5 percent lower than a year ago, and the share of refinancing applications plunged to the lowest level in a decade.

Categories: Real Estate

With Fast-Growing Prices, Gains in Equity Are Exceeding Minimum Wage

RisMedia Consumer News - April 10, 2018 - 4:16pm

For many Americans, homeownership is a vehicle for wealth—an appreciating asset that, more often than not, earns a profit at resale.

In the market today, homeowners are all but promised to reap the rewards. According to an analysis recently released by Zillow, appreciation is so healthy that homes in many markets are producing more than a job for minimum wage would. Although the average homeowner is earning $7.09 in equity for every hour spent at work—16 cents less than the federal minimum wage—homeowners in half of the 50 largest markets are earning more in equity than their local minimum wage. The analysis assumed eight-hour days, or 2,087 hours of work per year.

“As home values continue to rise at a rapid clip, many homeowners have earned more in home equity over the past year than they would have by working a minimum wage job—and in some areas, more than they’d have earned even if they had a job paying a six-figure annual salary,” says Aaron Terrazas, senior economist at Zillow.

The areas earning the most are on the West Coast: San Francisco, San Jose and Seattle. In San Francisco, appreciation has been $60.13 per hour worked; in San Jose, $99.81; and in Seattle, $54.24.

In the 25 largest markets:

“Equity ‘earnings’ are a lot different than the salary typically taken home on the first and fifteenth of each month; it is not money that accumulates directly into a checking account or that can be spent on daily needs,” Terrazas says. “Equity is only available once a homeowner chooses to sell a home, and even then is often subject to various taxes and other expenses. Still, particularly for homeowners that have already or are very close to paying off a mortgage, this supplemental ‘income’—especially if allowed to accumulate over several years—can essentially serve as a kind of second job that pays directly to a homeowner’s bottom line, without nearly as much actual work involved in collecting it.”

For more information, please visit www.zillow.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 With Fast-Growing Prices, Gains in Equity Are Exceeding Minimum Wage appeared first on RISMedia.

Categories: Real Estate

Multigenerational Households Hit New High

NAR Daily News Magazine - April 10, 2018 - 12:00am

Households with two or more adult generations is reaching a new record, according to a new analysis. 

Categories: Real Estate

Police Still Searching for Iowa Agent’s Killer

NAR Daily News Magazine - April 10, 2018 - 12:00am

Police are continuing to get new leads even seven years after a 27-year-old real estate agent was fatally shot at a model home in West Des Moines...

Categories: Real Estate

CoreLogic: ‘Pig in a Python Effect’ on Delinquency Rates

NAR Daily News Magazine - April 10, 2018 - 12:00am

Places hit hard by natural disasters in 2017 continue to face elevated levels of mortgage delinquencies. 

Categories: Real Estate

Two Ways to Reduce Your Firm’s Liability Risk

NAR Daily News Magazine - April 10, 2018 - 12:00am

Make sure you’re safeguarding your company from two significant and costly risks: email phishing scams and photography copyright...

Categories: Real Estate

More Consumers Say It’s a Good Time to Buy

NAR Daily News Magazine - April 10, 2018 - 12:00am

The latest sentiment index from Fannie Mae shows that home shoppers don’t seem to be deterred by rising prices and rates, at least for now....

Categories: Real Estate

These 3 Moves Can Boost Your Web Traffic

NAR Daily News Magazine - April 10, 2018 - 12:00am

If you want to get more prospects on your site this spring, try these tips.  

Categories: Real Estate

Square Footage Dispute Ends in Agent’s Favor

NAR Daily News Magazine - April 9, 2018 - 12:00am

A jury in California ruled that a Coldwell Banker real estate agent did not breach his fiduciary duty in a case involving discrepancies in a home...

Categories: Real Estate

NAR Announces Brand Evolution

NAR Daily News Magazine - April 9, 2018 - 12:00am

The logo that has symbolized professional, ethical real estate for 45 years will take on a “new dimension” beginning in June.

Categories: Real Estate

FTC, DOJ Seek Input on Industry Competition

NAR Daily News Magazine - April 9, 2018 - 12:00am

The Federal Trade Commission and the Department of Justice will hold a public workshop June 5 in Washington, D.C., to explore issues related to...

Categories: Real Estate

Mortgage Payments Up 13% This Year

NAR Daily News Magazine - April 9, 2018 - 12:00am

Monthly loan costs are on the rise as buyers grapple with both higher home prices and increasing interest rates.

Categories: Real Estate

Hottest Luxury ZIP Codes in the Nation

NAR Daily News Magazine - April 9, 2018 - 12:00am

In these markets, home prices are soaring at the fastest rates.

Categories: Real Estate

RPR Posts Record Growth

NAR Daily News Magazine - April 9, 2018 - 12:00am

The Realtors Property Resource® saw more users than ever before in March, as more pros turn to the real estate data and analytics platform for...

Categories: Real Estate

Consumer Confidence Retracts

RisMedia Consumer News - April 7, 2018 - 12:00am

Consumer confidence retracted in March, posting a 127.7 reading in the latest Consumer Confidence Index® from The Conference Board. February’s reading was 130.

The Expectations reading of the Index, which gauges how consumers feel about their business, employment and income prospects six months out, fell to 106.2; in addition, the Present Situation reading, which gauges how consumers feel about conditions currently, fell to 159.9.

“Consumer confidence declined moderately in March after reaching an 18-year high in February,” said Lynn Franco, director of Economic Indicators at The Conference Board, in a statement. “Consumers’ assessment of current conditions declined slightly, with business conditions the primary reason for the moderation. Consumers’ short-term expectations also declined, including their outlook for the stock market, but overall expectations remain quite favorable. Despite the modest retreat in confidence, Index levels remain historically high and suggest further strong growth in the months ahead.”

Source: The Conference Board

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

The post Consumer Confidence Retracts appeared first on RISMedia.

Categories: Real Estate