REALTORS® who specialize in sustainability discuss the growing demand for eco-friendly housing and how to sell green-home benefits beyond the environmental aspect in the latest episode of Drive With NAR.
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Removing personal items like photos from entries helps avoid a disconnect with prospective buyers, while storage solutions, mirrors and seating create an inviting feel, real estate professionals say. A fresh coat of paint on the front door, updated hardware or an entirely new door also make a good first impression.
The strategy of buying the worst house in the nicest area comes with rewards but also risks as repairs and upgrades eat into potential gains. Variations of this strategy include buying the smallest home in the neighborhood or a rundown home in a well-established community.
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That's a great way to describe the 2022 class of 30 Under 30. These young professionals have persevered through unprecedented inventory shortages and consumer demand—during a pandemic that shifted lifestyles and mindsets—and taken bold steps along the way to achieve success.
Agents in the New Orleans area are seeing multiple factors get in the way of closings, including rising mortgage rates, flood insurance costs and inflation. "You can work with the system if you know where it's going, but when rates go up dramatically, that hurts people in a lot of ways, and not just in home buying," said Jim Kerrin, a real estate professional with Latter & Blum in New Orleans.
Dana Schneider of Empire State Realty Trust, Ben Myers of Boston Properties and Sarah King of Kilroy Realty were among the participants in recent panel discussions focusing on sustainability and environmental, social and corporate governance. The conversations touched on several topics, including New York City legislation, tenants' needs and the overlap between sustainability and good business.
Fannie Mae and Freddie Mac are making it more difficult for people to buy condos, which is often how first-time buyers enter the market, Kaki Lybbert, NAR's 2022 vice president of advocacy, writes in a column for the Boston Herald.
A new Missouri law requires all discriminatory covenants to be removed from newly recorded deeds. Missouri is the latest state to enact a law aimed at removing problematic language from older home deeds, joining California, Connecticut, Illinois, Maryland and Virginia.
San Francisco legislators have passed a law that strikes down single-family zoning and permits fourplexes in every neighborhood and six-unit homes on corner lots. Opponents have expressed concerns that some provisions will slow new construction and limit affordable housing.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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