Millennials, buyers ages 36 years and younger, make up the largest share of home buyers by generation at 34 percent of all home buyers in 2016 (down from 35 percent in 2015). This group was born between 1980 and 1998 and is the largest share of buyers for the fourth consecutive year. Sixty-six percent of… Continue Reading Millennials: Tech-Savvy, First-Time Home Buyers in the Suburbs
By Caroline M. Carter, guest contributor You’ll want to leave potential buyers with a great impression of your listing’s exterior, that is if you want to motivate them to want to see more. But what do you do if the front entrance to a house looks dated, insubstantial and unwelcoming? Change it. Photo courtesy: Caroline… Continue Reading Revisit Your Listing’s Curb Appeal: Have You Done Enough?
Generation X, buyers ages 37 to 51 years, make up the second largest share of home buyers by generation at 28 percent of all home buyers in 2016. The median age for this group is 43 years old and they were born between 1965 and 1979. They tend to have the largest families; 62 percent… Continue Reading Generation X: Buying the Biggest Homes & Biggest Home Sellers
Taxes, physics, flying, mansions, offices, heights, names, goats, privacy, and nostalgia. PSA: Tax Day is Monday, April 18! You can thank this man for the extension of this year’s deadline. Steven Depolo/flickr/2014 Is this what physicists mean by string theory? One hopes that incidents, such as the United fiasco, never happen again, but be aware… Continue Reading What We’re Reading: April 10-14
The National Association of REALTORS® surveyed its members to learn more about sustainability issues real estate agents face in their industry. More specifically, what environmentally sustainable features are buyers looking for when they purchase a home, how do wind and solar energy factor into a buyer’s perception of the home’s value, and what market considerations… Continue Reading Sustainability Practices in Real Estate: Room for Growth
I can’t think of better adjectives than those already used in this article about a Burger King ad that’s meant to trigger your Google Home hub and Android phone: “horrible, genius, infuriating, hilarious, and maybe very poorly thought-out.” Just a gentle reminder that Google’s and Amazon’s voice assistants are always listening. On a slightly more… Continue Reading A Gentle Reminder About Always-On Voice Devices; How To Save The Internet; More in Five for Wednesday
The following Field Guides have recently been updated in the Library: Updated in the Library at Realtor.org: Retail Property Market Retail property is under stress, with empty stores, little growth and customers who prefer to shop online. Find out current trends, forecasts, and what is happening in retail leasing and investing. Working with International Clients… Continue Reading New and Updated in the Library – April 2017
Younger Boomers, buyers ages 52 to 61 years, make up 16 percent of all home buyers in 2016. The median age for this group is 57 years old and they were born between 1955 and 1964. This age group is the most likely to purchase a multi-generational home at 20 percent. Their reasons for purchasing… Continue Reading Younger Boomers: Purchase Multigenerational Homes
WASHINGTON (April 11, 2017) — Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016… Continue Reading Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed, terminated, sale is pending, no contract signed).” Among contracts that went into settlement or were terminated… Continue Reading 24 Percent of Contracts in December 2016—February 2017 Had a Delayed Settlement