Generation Z is being categorized as optimistic when it comes to real estate investments, and it's showing a lot of interest in homeownership despite their young age, according to a new generational survey of more than 2,000 renters, owners, and those living with families conducted by PropertyShark.com, a real estate website. Generation Z includes those who were born after 1995.Eighty-three percent of Gen Z respondents surveyed say they plan to b
Having a Starbucks open near a neighborhood could increase nearby home values, potentially by a few thousand dollars, a new study from Harvard Business School finds. The study’s authors focused on gentrification of neighborhoods using Yelp data, but discovered the “Starbucks effect” during their research.Using Yelp data to find the entry of each Starbucks in a ZIP code, researchers found a 0.5 percent increase in housing prices within a yea
Get ready for a flood of retirees. With 74 million members, baby boomers are the largest generation on record to retire. And if they follow previous generations, retirement will prompt them to want to move. Many will head to warmer climates, but they’re also—unlike previous generations—in search of more active lifestyles too, looking for social and recreational opportunities, nearby restaurants, and shopping.“It’s going to be a tsunami
Referred by our salesperson Willy Olsen.iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit iprore.com for the latest information and links.Click here for information on becoming a salesperson.
Home buyers will have a harder time finding a big yard, as lot sizes remain near record lows, according to the U.S. Census Bureau. Among sold properties in 2017, the median lot size for a new, detached single-family home was one-fifth of an acre, or 8,560 square feet. Median lot sizes fell below 8,600 square feet in 2015 for the first time since the bureau started recording such data.Lot sizes vary regionally, and the nation's largest tend to be
A sprawling family estate in Manalapan, Fla., has seen a price reduction of $57 million in the last year and is now listed for $138 million. And a home originally listed for a whopping $250 million in Bel Air, Calif.—the nation’s most expensive property at the time—was marked down $62 million in April and is now listed for $188 million.These are two examples pointing to a larger trend of mega price reductions in the ultraluxury real estate
New mortgages are being approved with lower credit scores, and FHA loans appear to be leading the shift, according to studies by credit developer FICO and other entities. “As we get further away from the Great Recession, underwriting criteria seems to have eased, and a broader section of consumers are obtaining mortgages as a result,” according to FICO’s report.New loans for borrowers with FICO scores reaching as low as the 400s jumped from
Real estate signs say more about you and your residential or commercial business than they do about the properties you’re advertising. That’s why Katie Lundin, a customer support specialist with crowdspring, a marketplace for crowdsourced logo, web, graphic, and product design, has four best practices for creating custom real estate signs that raise awareness about your brand and start a conversation with your potential clients.1. Real estat
Tom Ferry digs into what holds most people back from taking actionLet me ask you a few questions:Do you identify yourself as someone who:…delivers value?…is wealthy?…is healthy?…is ambitious?We all have thoughts about ourselves that run the gamut from positive to negative. I’m sure some of these sound familiar – traits we’re proud of, skills we possess, insecurities we obsess over, deficiencies we worry about, etc.When you add all o
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit iprore.com for the latest information and links.Click here for information on becoming a salesperson.
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