Real Estate

Mortgage Rates Hit New Yearly Lows

NAR Daily News Magazine - August 31, 2017 - 12:00am

The 30-year fixed-rate mortgage dropped four basis points this week, reaching a new year-to-date low for the second consecutive week.

Categories: Real Estate

Realty ONE Leads in Per-Person Productivity

NAR Daily News Magazine - August 31, 2017 - 12:00am

The Irvine, Calif.-based brokerage made serious headway on the 2017 REAL Trends 500 report. Find out how it and other companies performed.

Categories: Real Estate

Agents Use Eateries to Make Buyers Hungry

NAR Daily News Magazine - August 31, 2017 - 12:00am

Real estate pros are finding that nearby restaurants can be strong motivators for your clients.

Categories: Real Estate

Are These Open House Questions Rude?

NAR Daily News Magazine - August 31, 2017 - 12:00am

From bringing in coffee to using the toilet, here are the hidden questions buyers have about open house etiquette.

Categories: Real Estate

Report: Short Supplies Pummel Home Sales

NAR Daily News Magazine - August 31, 2017 - 12:00am

Only one region saw an uptick in contract signings last month as inventory woes continued to shake the housing market in most of the country.

Categories: Real Estate

Harvey Victims Granted Loan Forbearance

NAR Daily News Magazine - August 31, 2017 - 12:00am

Homeowners impacted by the devastating Texas floods will get some mortgage relief. 

Categories: Real Estate

Buyers’ Choice: Down Payment Or Wedding?

NAR Daily News Magazine - August 31, 2017 - 12:00am

Some singles are rethinking the fancy wedding they’ve saved for and bank on a home over a spouse instead.

Categories: Real Estate

5 Hot Outdoor Trends to Watch for Fall

NAR Daily News Magazine - August 31, 2017 - 12:00am

High-tech fire pits and interiorscapes are all the rage for staging your property’s outdoor space.

Categories: Real Estate

More Buyers Likely to Consider ARMs Again

NAR Daily News Magazine - August 31, 2017 - 12:00am

In mid-2005, ARMs represented 45 percent of the market share. Could they command that much of the market again?

Categories: Real Estate

Flooded Homes Can Be Fixed But…

NAR Daily News Magazine - August 30, 2017 - 12:00am

Homes and businesses flooded by Hurricane Harvey may not be completely doomed. However, it’s important to know that it’s not really...

Categories: Real Estate

Wells Fargo Sued Over Rate Lock-in Fees

NAR Daily News Magazine - August 30, 2017 - 12:00am

A class action lawsuit accuses the banking giant of charging thousands of customers extra fees to extend their interest rate lock-ins after...

Categories: Real Estate

Are Supply Woes Causing Loan Demand Drop?

NAR Daily News Magazine - August 30, 2017 - 12:00am

The number of mortgage applications for home purchases continues to underwhelm, despite the lowest rates in nine months. 

Categories: Real Estate

20 Biggest College Town Rent Hikes

NAR Daily News Magazine - August 30, 2017 - 12:00am

Proximity to highly regarded colleges comes at a price. Find out where those living near campus are paying the highest rents compared with their...

Categories: Real Estate

NAR Joins Push for Alternative Credit Scoring

NAR Daily News Magazine - August 30, 2017 - 12:00am

A group of housing and mortgage trade associations is urging the Federal Housing Finance Agency to expand its use of alternative credit scoring...

Categories: Real Estate

Outdoor Amenities Topping Buyers’ Lists

NAR Daily News Magazine - August 29, 2017 - 12:00am

Home shoppers are putting more weight on a home’s exterior space and its entertainment potential.

Categories: Real Estate

Tips for Filing an Insurance Claim

NAR Daily News Magazine - August 29, 2017 - 12:00am

Homeowners affected by Hurricane Harvey will need these tips to start mending their homes after the floods recede. 

Categories: Real Estate

5 Things to Never Tell a Contractor

NAR Daily News Magazine - August 29, 2017 - 12:00am

Contractors may be the go-to person during a home renovation, but make sure your homeowner clients avoid these phrases in...

Categories: Real Estate

Where Salaries Go the Farthest

NAR Daily News Magazine - August 29, 2017 - 12:00am

Salaries can stretch further on housing and other costs if you live in one of these cities.

Categories: Real Estate

More Owners Are Using Their Equity Again

NAR Daily News Magazine - August 29, 2017 - 12:00am

Home prices continue to rise and more homeowners are tapping into their home equity, making home-equity lines of credit and cash-out mortgage...

Categories: Real Estate

Most Important Features Millennials Want in Their Homes

RisMedia Consumer News - August 28, 2017 - 4:10pm

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

There have been a lot of studies, think pieces and discussions trying to figure out millennials. Business owners were skeptical about hiring millennials a few years ago and now, as this younger generation continues to grow and succeed in life, the housing market seems to be the next millennial-facing industry.

There’s no doubt that millennials have finally entered the housing market. In fact, they currently make up 35 percent of buyers throughout the United States. Approximately 68 percent of all first-time home buyers fall into this age bracket, as well. But what do they want inside their homes?

Let’s take a look and see what millennials are looking for when it comes to buying a home.

Separate Laundry Rooms – Say what you will about millennials and their laundry habits, the majority of millennial homebuyers are searching for homes with an additional room just for laundry. Roughly 92 percent of homebuyers want a separate laundry room, coming in as the No. 1 thing millennials are looking for.

Outdoor Lighting – The second most desired feature for millennial homebuyers is exterior lighting. Roughly 90 percent of all people searching for a home in the current market want exterior lighting to illuminate their landscape.

Energy-Efficient Appliances – Another aspect of home-buying that cracks the top 10 for millennials is having energy-efficient appliances inside the home. (In fact, across every generation of homebuyers, 90 percent of people are looking for this feature.)

Hardwood Floors – Millennial homebuyers also prefer hardwood floors for their homes. Rather than choosing carpeting, approximately 82 percent of homebuyers are searching for properties with open hardwood floor plans.

There are still plenty of millennials who aren’t ready to buy a home just yet—but it looks like these are the kinds of features they will be looking for when they are ready to enter the housing market.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Most Important Features Millennials Want in Their Homes appeared first on RISMedia.

Categories: Real Estate

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