The “modern farmhouse” home style is the clear winner when it comes to American's favorite architectural home designs across the country, according to a new survey conducted by Homes.com. Respondents from 42 states voted it as their top housing style choice, with the highest appreciation shown in the Northwest, East, and Southeast parts of the country.Survey respondents said they like the modern farmhouse style because it looks “simple
Housing markets in the U.S. remain resilient against a pandemic, recession, and high unemployment. Cooped-up buyers have flooded markets this summer, and median list prices have jumped more than 9% over last year’s levels, according to realtor.com® data.“Right now we’re seeing markets recover faster where they’re able to contain the virus better,” says Javier Vivas, realtor.com®’s director of economic research. “Markets with stron
Social media can be a treasure trove for real estate pros looking to expand their business, connect with clients, and build strong brand recognition.“We don’t believe social media is the silver bullet, but it can be a great help in your business,” says Katie Lance, CEO and co-founder of Katie Lance Consulting. She spoke recently to hundreds of virtual viewers during the REvive! From Crisis Coast 2 Coast conference last week.The first step,
The Federal Reserve voted Wednesday to keep its benchmark interest rate near zero. This will keep the cost of loans down until the economy starts to recover from the COVID-19 pandemic. The Fed also announced Wednesday it would be extending its lending and credit initiatives until the end of the year to help make it easier for Americans to get a loan.The Fed’s key benchmark rate is not directly tied to mortgage rates, but it often indirectly inf
Landlords, brace yourselves: Your tenants are likely going to ignore some of your rules. Luckily, the most common offenses center around decorating and aren't too serious.The top offense? One in four tenants make holes in walls (often from nails). That offense is most common among renters aged between 25 to 34, according to a new survey of U.S. tenants conducted by iProperty Management.Also, 19% of renters surveyed say they’ve completely redeco
Young professionals in the early stages of their careers are facing a lot of uncertainties today, including where to live and put down roots.SmartAsset, a financial resource website, recently analyzed 150 cities to pinpoint the best places for young professionals. Researchers considered metrics like the percentage of the population between 25 and 34; county-level unemployment rates from May 2020; labor force participation for young professionals;
The toughest part of the homeselling process: trying to simultaneously sell a current home while buying the next one, according to a new survey from LendingTree of 964 consumers about their top sources of stress in the homeselling transaction. The transactions must be coordinated perfectly to go forward at both ends without a hitch.But preparing the home to sell and getting it ready for showings bring another common stressor. It can be pricey; th
The U.S. homeownership rate surged to its highest level in 12 years in the second quarter as low mortgage rates and the pandemic prompt more Americans to want to have a home.The homeownership rate rose to 67.9% in the second quarter, increasing even while the nation faced record levels of unemployment, the Census Bureau reported this week. A year ago, the homeownership rate was 64.1%, for comparison.However, the Census Bureau cautioned that the d
The Coronavirus Aid, Relief, and Economic Security Act moratorium on evictions expired last week. It prevented landlords from evicting tenants from homes with federally backed mortgages during the COVID-19 outbreak. But with the protections now gone and unemployment still high, many renter households could be at risk.The National Association of REALTORS® and the Institute of Real Estate Management released a leasing conditions survey t
Home buyers’ most wanted home feature sparked by the COVID-19 pandemic: more space, both indoors and out.Extra space tends to come at a premium, but in some markets, buyers are finding they can get more room without busting their budgets.“With many working from home now, it’s nice to have space to separate from children, spouses, or roommates to get some quiet and focus,” says Danielle Hale, realtor.com®’s chief economist. “Even if y
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