Hawaii has the largest percentage of homeowners who are planning to make renovations in the coming year, according to a new survey. GetHearth.com, a financial technology startup that assists owners with remodeling decisions, found in its Home Renovation Survey that 16 percent of homeowners nationwide are thinking about renovating soon.The kitchen is the top project homeowners are eyeing, with 38 percent saying they dream of kitchen renovations,
“Costs of owning and renting a vacation home can be very high,” says Todd Huettner, owner of Denver-based lending company Huettner Capital. “The hassles and costs of short-term vacation rentals are higher than most people expect. … People are way too optimistic about rental rates, vacancies, management fees, maintenance costs, and home value increases.”Owners buying a second home in a different part of the country than their primary res
New York State has a lot to offer home buyers, with Rochester and Buffalo ranking as the U.S. metros with the lowest home prices. The median value of an owner-occupied home is $138,900 in Rochester and $135,200 in Buffalo.The U.S. Census recently ranked 53 cities with populations of more than 1 million on housing affordability. Markets are ranked by their ratios of median home value to median household income. The top 10 most affordable housing m
The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers.In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on a credit report is inaccurate or incomplete, says Eric J. Ellman, senior vice president for
With the median sales price for existing homes reaching a new high last month, the availability of affordable housing is dwindling, causing a “crisis” in some areas of the country, says Lawrence Yun, chief economist for the National Association of REALTORS®. Higher-priced homes now make up the majority of available inventory—which is the lowest it’s been in decades—making it harder for home buyers to achieve homeownership.“There is a
iPro currently deals throughout the states of California and Texas with new offices in New York and Florida. We continue to strive to broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on how to become a salesperson.
Over the years, Inman has published a series of stories on indie brokers, including surveys and reports on their DNA, their operations and their strategies. We have profiled a variety of companies and their founders and put the best ones on stage to share their successes.The characteristics below represent the ideal makeup of a successful indie broker. Many of the fastest-growing indie brokers built their business in and around the Inman communit
Net-zero construction is growing rapidly: In 2016, 33 percent more net-zero units were built across the United States and Canada than in the previous year. In total, that's 8,023 new single-family and multifamily net-zero units added to the pipeline in one year.Net-zero homes are structures that produce at least as much energy as they consume. More builders are experimenting with net-zero construction; prominent examples include a big suburban de
The majority of Americans and Canadians say their nations are not doing enough to address and solve affordable housing needs, according to the Habitat for Humanity’s Affordable Housing Survey. Escalating costs remain a top barrier preventing families from accessing decent homes with affordable mortgages, the survey says.“In many ways, housing is an invisible crisis,” says Jonathan Reckford, CEO of Habitat for Humanity International. “T
Home prices are surging in most of the country, but in a few select cities home shoppers may find affordability headed slightly in their favor. GOBankingRates analyzed the 250 largest U.S. cities by population to determine where home prices are dropping the most. Nine major cities saw prices drop by $5,000 or more year over year.1. Sugar Land, Texas April 2016 median list price: $415,495 April 2017 median list price: $399,500 Year-over-year chan
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