Just like residential real estate pros, commercial practitioners need a viable outreach plan to generate leads and build relationships with their target audiences. That may even include traveling abroad to make contacts in foreign nations in order to build your international presence and fill your book of business back home. At this year’s MIPIM conference, a global commercial real estate convention held annually in Cannes, France, industry lea
Expect to see more coral hues in home design next year. Pantone, the corporation known for its paint forecasts, unveiled “Living Coral” as its 2019 Color of the Year. The color, an orange shade with golden undertones, embodies “warmth and comfort,” Pantone says.Living Coral can make a bold statement as an accent color, and forecasters expect to see it in more shag rugs, cozy blankets, and upholstery to “create a warm, comforting, and nu
There are about 7.4 million vacation and second homes in the U.S., or about 5.6 percent of the total housing stock, according to a recent National Association of Home Builders analysis of 2016 national census data. Florida has the largest stock of second homes—1.1 million properties—followed by California, New York, Texas, Michigan, North Carolina, Arizona, and Pennsylvania.“The concentration of second homes is not simply restricted to conv
Starting in 2020, all new homes constructed in California will be required to have between 2 kilowatts and 3 kilowatts of electricity sourced directly from solar panels. State legislators, who have been considering such a measure for some time, officially voted recently to amend state building codes. Other states are watching how the change plays out and may want to follow suit, California officials have said. “These provisions really are histo
Nine out of 10 millennial renters say they want to purchase a home, but few are planning to do so in the near term, according to a new survey by rental website Apartment List. The chief reasons keeping them from homeownership are affordability (72 percent) and lack of savings for a down payment (62 percent), the survey of 6,400 young adult renters shows. Nearly 50 percent of respondents say they have zero savings, while only 11 percent have saved
Home buyers may be finding a window of opportunity to lock in lower rates. Mortgage rates fell this week, after several weeks of moderating, Freddie Mac reports.“Mortgage rates declined this week amid a steep sell-off in U.S. stocks,” says Sam Khater, Freddie Mac’s chief economist. “This week’s rate reaction to the volatile stock market is a welcome relief to prospective home buyers who have recently experienced rising rates and rising
End-of-year negotiations among federal lawmakers have resulted in another short-term extension of the National Flood Insurance Program.Homeowners and buyers in areas at risk of flooding can get insurance through Dec. 21, when the program is scheduled to expire.Efforts are underway to secure longer-term authorization, possibly until the end of September, as part of a temporary budget measure known as a continuing resolution. The National Associa
More investors are starting to back away from flipping homes as home price gains slow. The average home flipping returns dropped to a 6.5-year low in the third quarter, and the share of flips was down 12 percent, according to a newly released report from ATTOM Data Solutions, a real estate data provider.A total of 45,901 single-family homes and condos were flipped in the third quarter, the lowest level since the first quarter of 2015. Homes flipp
Homeowners are still finding plenty of equity in their homes, but the gains are slowing. Homeowners with a mortgage saw their equity rise by 9.4 percent over the past year, according to CoreLogic’s latest Home Equity Report. The average homeowner gained $12,400 in home equity between the third quarter of 2017 and the third quarter of 2018. That is lower than the more than $16,000 year-over-year gain in equity reported in the second quarter, Cor
House hunters like to search for homes online during their workday, a new survey shows. The peak times for consumers to search for home listings are between 9 a.m. to 5 p.m. on the weekdays. The most popular time is Friday at 10 a.m., according to a new analysis from real estate brokerage Redfin.“Searching for a new home is like a job. Maybe that’s why people most often do it while they work,” Redfin notes in its analysis.Nearly 64 percent
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