Rents are on the rise once again. After eight months of slowdowns, rent growth in the largest metros saw an increase in March, rising 1.1% year over year, according to realtor.com®’s Monthly Rental report released on Tuesday.The median rent nationwide for the 50 largest metros averaged $1,463 in March. Over the last eight months, rent growth decreased from 2.2% in July 2020 to just 0.6% in February."Although we're still below the 3.2% growth w
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Referred by Jimmy DarlandiPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
The COVID-19 pandemic has caused a mass disruption to the way people live and work and prompted sweeping economic fallout felt throughout the world. Global leaders are still coming to grips with the long-term impact to the real estate industry.COVID-19 has accelerated many existing trends, including digitalization, dispersed working, and online shopping, panelists said at a webinar on Wednesday highlighting the Urban Land Institute’s newly rele
The 30-year fixed-rate mortgage averaged 3.13% this week, a welcome drop for many home buyers who may be closely watching the rising borrowing costs over the last few weeks.“After moving up for seven consecutive weeks, mortgage rates have dropped due to the recent, modest decline of U.S. Treasury yields,” said Sam Khater, Freddie Mac’s chief economist. “As the economy recovers, it should experience a strong rebound in the labor marke
Watch out in Miami, Los Angeles, and Tampa, Fla.: These places can be hotbeds for termites, according to Orkin’s 2021 Top 50 Termite Cities List.Orkin, a national pest control company, reports an uptick in termite treatments across the country over the past year.“With people spending more time at home in 2020, termites and termite damage were likely observed more frequently than in previous years,” Orkin said in its study. “Parallel to th
Competition is fierce among house hunters. For buyers in San Jose, Calif., San Francisco, and Raleigh, N.C., they should be ready to face the most competition in the nation, according to new research by LendingTree.LendingTree ranked the 50 largest metro areas in the U.S. based on the competitiveness of their housing markets. They factored in the average down payment percentage, the share of home buyers who have credit scores above 720, and the s
Square footage is important in home sales and a key number for helping to set a home’s price. But what happens when the square footage listed doesn’t match up to the appraisal? It’s not uncommon, but it can lead to a lot of questions and possible re-negotiations.Square footage is calculated when you measure how much floor space is in a home. Often times, the difference in square footage is over calculations of what constitutes official “l
Homeowners may notice an increase in their property tax bills. Municipalities levied about $323 billion in property taxes on single-family homes in 2020, a 5.4% increase compared to 2019, according to ATTOM Data Solutions’ newest property tax analysis for nearly 87 million single-family homes in the U.S.The average tax on single-family homes nationwide in 2020 was $3,719—reflecting an effective tax rate of about 1.1%. But many areas of the co
Americans are more upbeat about the idea of selling, particularly as the vaccine rollout continues and latest round of stimulus checks are distributed. That could come as hopeful news as many markets face severe housing shortages and buyers are increasingly being left with few choices of homes for sale.Fannie Mae’s Home Purchase Sentiment Index rose by 5.2 points in March to a reading of 81.7. The components on the index that increased the most
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