SCR News Feed

Foreign buyers, typically purchased properties that are more expensive than properties purchased by domestic buyers, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate.[1] Among foreign buyers who purchased property in April 2016–March 2017, the median price was $302,290, which is about 30 percent more than the median[2] purchase… Continue Reading Foreign Buyers Typically Spent 30 Percent More Than Domestic Buyers

via StormcladPowered by WPeMatico

Submitted by TopTenRealEstateDeals.com Photos Contributed by TopTenRealEstateDeals.com As President Obama’s time in office neared its last months in 2016, their future home outside the White House was a frequent guessing game in celebrity real estate media. Most of the rumors were that the Obamas were buying a new family home in Hawaii, Palm Springs, New York… Continue Reading See Inside a Listing Styled by a Former White House Decorator

Street art, costuming, icons, architecture, taxes, housing market, short-term rentals, eclipse, and loopholes. Bansky has a lot going for himself, but whomever is responsible for these is amazing! Costuming is an art, and these were sourced from a favorite Swedish flat packing furniture and textile store. Maria Korolov/flickr/2015 These iconic structures and artwork have their… Continue Reading What We’re Reading: August 7-11

Every once in a while, we like to look at what made The New York Times’ best seller list for the business category. And what do you know? When I went to check the list for this month, I found one with the real estate industry at the center, taking up the number one spot!… Continue Reading Business Book Best Sellers

Five states accounted for slightly more than half of all foreign buyers who purchased U.S. residential property in April 2016–March 2017: Florida (22 percent), Texas (12 percent), California (12 percent), New Jersey (four percent) and Arizona (four percent), according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Other preferred… Continue Reading Florida, Texas, and California: Top State Destinations Among Foreign Buyers in April 2016–March 2017

Lee Davenport By Lee Davenport One hundred and seventy-five houses. He showed 175 houses to only find out that the would-be buyer was not in a position to purchase for another year. My, my, my! I hope you have never shown that many houses to a looky-loo—someone who is not prepared to buy for one… Continue Reading Stop Wasting Time With the Wrong Leads

There has been an upward trend in sustainable homes, such as tiny houses, homes built with natural materials, zero energy homes, and passive homes. The way the passive house is constructed regulates the internal temperature of the house without using additional heating or air conditioning. This infographic compares a passive house vs a traditionally built… Continue Reading Passive Homes

California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers. As of the first quarter of 2017, the median home prices for single-family homes are[1]: San Jose-Sunnyvale-Santa Clara, $1.1 million; San Francisco-Oakland-Hayward, $0.85 million; Los Angeles-Long-Beach-Anaheim, $0.49 million; Anaheim-Sta. Ana-Irvine[2], $0.75 million; and San Diego-Carlsbad, $0.564 million. At these level… Continue Reading Who Can Afford to Buy a Home in California?

Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Chinese buyers accounted for 14 percent of all foreign buyers[1], followed by… Continue Reading Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017