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February 10, 2020

Two-thirds of couples argue over buying and selling a home

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https://realtybiznews.com/two-thirds-of-couples-argue-over-buying-and-selling-a-home/98757601/

Buying or selling a home can signal the beginning of a new phase in a couple’s life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A
vast majority of Americans (77 percent) who have gone through the
home buying process with a significant other in the past decade say
they argued over the home buying process. Nearly as many Americans
(71 percent) who have sold a home with a significant other in the
past decade say they argued over the home selling process, suggesting
those two life events may take a toll on relationships.

Beefing Over Buying

Of
those who argued with their significant other over the home buying
process, most (54 percent) disagreed over the size or style of home
to buy, and nearly half (47 percent) disagreed over a home’s
must-have features or deal breakers.

Other
conflicts surfaced over the location or neighborhood to buy in (42
percent argued over this), the budget (37 percent) and whether to buy
a fixer-upper (29 percent).

Nearly
a quarter of couples who argued over the home buying process were
feuding over their mortgage options, such as selecting the right
lender or mortgage product.

Selling Squabbles

A
large percent of Millennial sellers, aged 25 to 39, argued with a
significant other over selling a home (85 percent) while a smaller
share of baby boomer sellers, 55 years and older, argued about the
home selling process (54 percent), indicating that life experience –
and a higher likelihood of being a repeat seller – may help couples
weather the tension that can come with a home sale.

Of
couples who argued over the home selling process, a majority (69
percent) fought about at least one of three financial decisions: what
price to list the home for, whether to drop the price and whether to
accept an offer.

Many
also argued over the following hassles of a traditional sale:

– Whether or not to make repairs (24 percent)

– Strangers walking through the home during open houses (24 percent)

– Keeping the house clean for showings (23 percent)

– Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

“We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship,” said Zillow lifestyle expert Amanda Pendleton. “Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction.”

The post Two-thirds of couples argue over buying and selling a home appeared first on RealtyBizNews: Real Estate News.

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

  Posted in Residential on

  by admin

https://www.redfin.com/blog/booming-real-estate-markets/

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade

As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come. That makes these the four metros primed for growth over the next decade.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Conveniently, Spokane is well suited to absorb all of the potential new migrants. That’s because in Spokane land is cheap and therefore homebuilding is inexpensive. The cost of acquiring land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000, will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.  

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.7%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction. 

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando. Inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales for the city. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. 

 

Metro
Average Land Share of Home Value
Median Sale Price Growth
Homes Sales Growth 
Median Household Income Growth 
Job Growth 
Percent of Searches from Outside the Metro
Median Sale Price – New Construction
Median Sale Price – Existing
City Compete Score™ 

Spokane, WA
23%
14.2%
5.5%
4.7%
1.7%
73%
$350,000
$255,000
85

Las Vegas, NV
25%
6.5%
15.7%
3.5%
2.4%
47%
$388,000
$285,000
60

Charlotte, NC
28%
9.1%
14.5%
5.1%
2.9%
40%
$325,000
$248,000
66

Orlando, FL
29%
7.0%
14.7%
5.4%
3.2%
51%
$316,000
$250,000
75

 

Methodology

The top four U.S. booming real estate markets were selected based on the criteria that average share of land value be less than 30%, home price growth be more than 4%, home sales growth be greater than 4%, and percent of searches from outside the metro be at least 40%. Redfin analyzed 78 metros across the United states. 

Average share of land value is calculated from the accessed land and home values in the 2017 property tax assessment files. Sale price growth and home sale growth is from January 2019 to January 2020 and is seasonally adjusted. Household income growth is from 2017 to 2018. Job growth is from December 2018 to December 2019. Median sale price of new construction and existing homes is from Q4 2019. Compete Score™ is for Q4 2019.

The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.

Two-thirds of couples argue over buying and selling a home

  Posted in Residential on

  by admin

https://realtybiznews.com/two-thirds-of-couples-argue-over-buying-and-selling-a-home/98757601/

Buying or selling a home can signal the beginning of a new phase in a couple’s life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A
vast majority of Americans (77 percent) who have gone through the
home buying process with a significant other in the past decade say
they argued over the home buying process. Nearly as many Americans
(71 percent) who have sold a home with a significant other in the
past decade say they argued over the home selling process, suggesting
those two life events may take a toll on relationships.

Beefing Over Buying

Of
those who argued with their significant other over the home buying
process, most (54 percent) disagreed over the size or style of home
to buy, and nearly half (47 percent) disagreed over a home’s
must-have features or deal breakers.

Other
conflicts surfaced over the location or neighborhood to buy in (42
percent argued over this), the budget (37 percent) and whether to buy
a fixer-upper (29 percent).

Nearly
a quarter of couples who argued over the home buying process were
feuding over their mortgage options, such as selecting the right
lender or mortgage product.

Selling Squabbles

A
large percent of Millennial sellers, aged 25 to 39, argued with a
significant other over selling a home (85 percent) while a smaller
share of baby boomer sellers, 55 years and older, argued about the
home selling process (54 percent), indicating that life experience –
and a higher likelihood of being a repeat seller – may help couples
weather the tension that can come with a home sale.

Of
couples who argued over the home selling process, a majority (69
percent) fought about at least one of three financial decisions: what
price to list the home for, whether to drop the price and whether to
accept an offer.

Many
also argued over the following hassles of a traditional sale:

– Whether or not to make repairs (24 percent)

– Strangers walking through the home during open houses (24 percent)

– Keeping the house clean for showings (23 percent)

– Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

“We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship,” said Zillow lifestyle expert Amanda Pendleton. “Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction.”

The post Two-thirds of couples argue over buying and selling a home appeared first on RealtyBizNews: Real Estate News.

Anything related to this is very important

  Posted in Residential on

  by admin

Anything  related to this is very important

Add Some Bling to Your Decor

Rich metal accents are helping home design shine.
February 10, 2020

Important Post

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  by admin

A new report released this month from the Minneapolis Area Realtors and the St. Paul Area Association of Realtors shows home prices ended 2019 at …

Rent Manager Property Management Software Launches New App

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Rent Manager Property Management Software Launches New App

https://realtybiznews.com/rent-manager-property-management-software-launches-new-app/98757625/

London Computer Systems (LCS), developer of Rent Manager® property management software and other business-critical technologies, has launched a brand-new version of their property management app, now called rmAppSuite Pro. Available For Android and iOS, this completely redeveloped application is fully integrated with customers’ Rent Manager 12 databases, enabling users to work from anywhere and greatly increase the efficiency and productivity of their property management businesses.

Several new features have been added to rmAppSuite Pro, in addition to numerous updates from earlier editions of the application. Enhancements include improved search capabilities for viewing tenant, prospect, owner, and vendor information; as well as enriched inspection capabilities that allow users to quickly take pictures and set statuses in the field.

The addition of texting and VoIP-calling integrations allow customers to call or text from the app without sharing personal contact information. Users can also add history notes in the app, which populate in real-time in the desktop version of the software. With in-the-field data reflected instantly in Rent Manager 12 back at the office, the LCS team aims to make the daily processes and professional lives of property managers significantly easier.

“rmAppSuite Pro has been written from the ground-up using the mobile industry’s latest technologies. This allows us to add new modules and features at a much faster rate than previously possible.” said Jason Meyer, Rent Manager Mobile Team, Team Leader. “With a focus on reducing the number of clicks required to perform tasks, we strive to make all workflows faster so users can complete their to-dos more easily. Our entire Mobile Team is extremely proud of the features and enhancements released with rmAppSuite Pro.”

rmAppSuite Pro is available on the App Store and Google Play for immediate download. Although the app is a free download, you must be licensed for Rent Manager 12 to use the application.

About LCS

Incorporated in 1987 and headquartered in Cincinnati, Ohio, London Computer Systems (LCS) is a developer of business-critical software used in all 50 states and several markets throughout the world. LCS products include Rent Manager® property management software, rmVoIP telephone systems, and enterprise-level hosting solutions via its Sentry Data Center.

LCS also provides complete network design, implementation, and support services, and custom website development through its IT Services and Web Design Services divisions. Supporting more than 30,000 users, LCS combines best technologies with best practices to create unique, affordable, customer-focused products and services.

For more information about LCS, please call 800-669-0871 or visit LCS.com.

The post Rent Manager Property Management Software Launches New App appeared first on RealtyBizNews: Real Estate News.

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

  Posted in Residential on

  by admin

https://www.redfin.com/blog/booming-real-estate-markets/

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade

As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come. That makes these the four metros primed for growth over the next decade.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Conveniently, Spokane is well suited to absorb all of the potential new migrants. That’s because in Spokane land is cheap and therefore homebuilding is inexpensive. The cost of acquiring land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000, will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.  

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.7%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction. 

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando. Inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales for the city. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. 

 

Metro
Average Land Share of Home Value
Median Sale Price Growth
Homes Sales Growth 
Median Household Income Growth 
Job Growth 
Percent of Searches from Outside the Metro
Median Sale Price – New Construction
Median Sale Price – Existing
City Compete Score™ 

Spokane, WA
23%
14.2%
5.5%
4.7%
1.7%
73%
$350,000
$255,000
85

Las Vegas, NV
25%
6.5%
15.7%
3.5%
2.4%
47%
$388,000
$285,000
60

Charlotte, NC
28%
9.1%
14.5%
5.1%
2.9%
40%
$325,000
$248,000
66

Orlando, FL
29%
7.0%
14.7%
5.4%
3.2%
51%
$316,000
$250,000
75

 

Methodology

The top four U.S. booming real estate markets were selected based on the criteria that average share of land value be less than 30%, home price growth be more than 4%, home sales growth be greater than 4%, and percent of searches from outside the metro be at least 40%. Redfin analyzed 78 metros across the United states. 

Average share of land value is calculated from the accessed land and home values in the 2017 property tax assessment files. Sale price growth and home sale growth is from January 2019 to January 2020 and is seasonally adjusted. Household income growth is from 2017 to 2018. Job growth is from December 2018 to December 2019. Median sale price of new construction and existing homes is from Q4 2019. Compete Score™ is for Q4 2019.

The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.

Tremendous very interesting I <3

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Tremendous   very interesting   I <3

Add Some Bling to Your Decor

Rich metal accents are helping home design shine.
February 10, 2020

Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries

  Posted in Residential on

  by admin

https://www.redfin.com/blog/booming-real-estate-markets/

Spokane, Las Vegas, Charlotte and Orlando will be the hottest metros among affordability-seeking homebuyers in the coming decade

As expensive coastal metros struggle to find solutions to rising housing costs, homebuyers have begun looking to smaller more affordable metros where land is cheap and incomes are growing. Already, Spokane, Las Vegas, Charlotte and Orlando are attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come. That makes these the four metros primed for growth over the next decade.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Conveniently, Spokane is well suited to absorb all of the potential new migrants. That’s because in Spokane land is cheap and therefore homebuilding is inexpensive. The cost of acquiring land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000, will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.  

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.7%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction. 

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando. Inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales for the city. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. 

 

Metro
Average Land Share of Home Value
Median Sale Price Growth
Homes Sales Growth 
Median Household Income Growth 
Job Growth 
Percent of Searches from Outside the Metro
Median Sale Price – New Construction
Median Sale Price – Existing
City Compete Score™ 

Spokane, WA
23%
14.2%
5.5%
4.7%
1.7%
73%
$350,000
$255,000
85

Las Vegas, NV
25%
6.5%
15.7%
3.5%
2.4%
47%
$388,000
$285,000
60

Charlotte, NC
28%
9.1%
14.5%
5.1%
2.9%
40%
$325,000
$248,000
66

Orlando, FL
29%
7.0%
14.7%
5.4%
3.2%
51%
$316,000
$250,000
75

 

Methodology

The top four U.S. booming real estate markets were selected based on the criteria that average share of land value be less than 30%, home price growth be more than 4%, home sales growth be greater than 4%, and percent of searches from outside the metro be at least 40%. Redfin analyzed 78 metros across the United states. 

Average share of land value is calculated from the accessed land and home values in the 2017 property tax assessment files. Sale price growth and home sale growth is from January 2019 to January 2020 and is seasonally adjusted. Household income growth is from 2017 to 2018. Job growth is from December 2018 to December 2019. Median sale price of new construction and existing homes is from Q4 2019. Compete Score™ is for Q4 2019.

The post Homebuyers Flock to Four Cities for Affordable Land and Growing Salaries appeared first on Redfin Blog.