The merger with Roscoe State Bank means the Houston-based company's loan officers are now federal mortgage loan originators who can make loans in 37 states.
Home prices will soon post year-over-year declines: Report
Home prices grew by 8.6 percent compared to a year before but fell by 0.2 percent month over month. By the second quarter, prices are expected to be lower than they were a year before, CoreLogic says.
Erin and Ben Napier of ‘Home Town’ Reveal One Thing To Always Hide Near a Front Door
On “Home Town,” Erin and Ben Napier love to bring historic homes back to their former glory. But it’s not often they have clients who are just as interested in historic preservation as they are.
In the Season 7 episode “Ginkgos and Gondolas,” Erin and Ben meet Bob and Linda Kaliski, who have purchased a 1906 registered historic house in Laurel, MS, for $260,000. The four-bedroom, three-bathroom property needs a lot of work. Luckily, Bob and Linda are willing to invest a healthy budget of $190,000 to fix it up.
“We’re basically saving a piece of art,” Bob says.
Read on to find out how Erin and Ben fix up this house—and get ideas on how to spruce up an older home without obliterating its past.
Apartment Rent Growth Set to Keep Slowing This Year
Octavio Jones for The Wall Street Journal
The pandemic-fueled boom for multifamily building owners is fading fast going into 2023.
Apartment vacancies are piling up. The biggest wave of new rental buildings in nearly four decades is expected to cut the pace of rent growth across the country. Some in-demand Sunbelt cities are already experiencing rent declines, in part because many tenants and people searching for apartments feel they can’t devote any more of their income to rent.
Rising interest rates, meanwhile, make rental-property investments less profitable than one year ago when debt was cheap and hefty rent increases were taken for granted.
“We’re necessarily going to get a bit of a pullback,” said Thomas LaSalvia, senior economist at Moody’s Analytics.
How Realtors can make money on the side wholesaling
Real estate investments can be made in a variety of ways, including renting out properties and flipping houses. While not requiring any financial responsibility, wholesale real estate can be just as profitable.
6 real estate agent tips for partnering with new-home builders
To work with builders, your skill level has to be at your next level. From communication to presentation to organization to marketing — it’s time to raise the stakes to develop these relationships.
Patriots owner Robert Kraft inks record Palm Beach penthouse sale
The $23.75 million sale marks the most expensive condo ever sold in Palm Beach, surpassing previous records in the high teens, according to appraisal firm Miller Samuel and property records.
Glenn Sanford steps in as eXp Realty CEO; Jason Gesing takes on new role
Sanford will helm the company's brokerage while Gesing, who had served as its chief executive officer, will shift into an expanded role as chief industry relations officer for eXp World Holdings.
Weather Anchor Sam Champion Wants $1.8M for His Miami Beach Condo
“Good Morning America” weather anchor Sam Champion is forecasting a sale of his Miami Beach, FL, condo, now on the market for $1,850,000.
The Emmy winner’s condo is in the ICON in South Beach building, designed by architect Philippe Starck.
Located in the heart of South of Fifth, the stylish 1,452-square-foot condo was recently renovated and offers high-end finishes.
Living roomRealtor.com
5 Backyard Design Rules You Should Break in 2023
Coates Photo by Design Architects Seattle via Houzz
Creating a backyard space that’s both stylish and serene is in the cards for 2023. Whether you’ve been banking on a luxurious fire pit or a custom outdoor kitchen, now’s the time to start planning the outdoor living space that you’ve been dreaming of (and saving for).
“The [COVID-19] pandemic taught us to not take our outdoor spaces for granted. Even the tiniest yard can be transformed into an extension of your indoor living or dining space as an oasis for hosting family and friends,” says Tamarra Younis of Union of Art Interiors.
With all that thought and money you’re about to put into the look of your backyard, the last thing you want to do is stay inside the box. You want to toe the line between functional and fabulous while also adding your personal design touches.
If your goal is to create a truly one-of-a-kind outdoor space, here are a few common backyard design moves you should set aside.
Here Are the U.S. Cities Where Home Prices Rose—and Fell—the Most in 2022
Photo-Illustration by Realtor.com; Photos: Getty Images (3)
By any definition, 2022 was one wild, white-knuckle roller coaster of a year for real estate. Demand and home prices hit new highs, before abruptly turning in the opposite direction in response to higher mortgage interest rates.
With so much churn and fluctuation in markets across the U.S., it’s been a challenge all year to keep track of which places were up and which were down—the cities where prices remained near their peak and where they dipped the most. That’s why Realtor.com® crunched the numbers to come up with the definitive home pricing scorecard for 2022.
And there’s plenty at stake. For those who purchased a home earlier this year, the dip in prices in some areas could mean their home is worth less now than what they paid. For those who were priced out of homeownership, the same price declines could mean a renewed chance to finally snag a place.
And where prices remain high, those who have owned for more than a couple of years can revel in the mighty home equity they’ve gained. Those still looking for a home in the same areas will feel the pressure of high home costs.
Decorating a Room? Don’t Forget the Ceiling.
Most people give it a coat of white paint and then forget all about it. That’s a missed opportunity.
Anthony Lamacchia to agents: Get back to knowing what you’re doing
In the lead-up to Inman Connect New York, the owner and CEO of Lamacchia Realty and Lamacchia Property Management said new agents need to take what’s happening very seriously.
‘Health is wealth:’ Glenn Sanford’s health journey and eXp’s future
In October, the eXp World Holdings founder and CEO's health journey took center stage at EXPCON. Three months later, Sanford shares updates on how health is a cornerstone of his brokerage's strategy.
‘The White Lotus’ Star Alexandra Daddario Makes a Quick Profit on Her Posh L.A. Mansion
Actress Alexandra Daddario played a confused and ambivalent bride on “The White Lotus.”
But the star’s real estate transactions are very savvy.
Daddario and her husband, film producer Andrew Form, just sold the luxe Hancock Park estate for $7,675,000, after buying it for a discounted $7.3 million a little over a year ago.
The couple reportedly purchased the posh property from prolific “Shameless” creator John Wells, who originally put it on the market for $7.9 million.
Christina Hall Made Weird Rookie Mistakes Buying and Selling Her Own House—Take a Look
Christina Hall may have flipped and designed hundreds of homes, but even she still makes some surprisingly basic mistakes when it comes to her own personal real estate decisions.
Want proof? On the latest “Christina on the Coast,” she gives fans an up-close-and-uncomfortable view of her latest move from her recently purchased house in Dana Point, CA, to a newly purchased mansion in Newport, CA. And it’s not pretty.
At the same time, the episode “Big Family, Tiny Kitchen” also highlights Hall’s renovation for clients Ruby and Berto, who have a budget of $100,000 to turn their cramped kitchen into a prime entertaining spot.
As Hall juggles both work and home life transitions, she does somehow pull it all off and dish out some excellent tips for moving and redesigning. She is proof that if at first you don’t succeed, try, try again! Here are some lessons we learned from her this week.
Recently Retired NFL Linebacker Blake Martinez Selling $6.3M SoCal Home
Former NFL linebacker Blake Martinez is looking to swap his Southern California home for $6,299,000.
A sale would add to the pile of cash he’s made both on and off the field this year—because he’s also a pro when it comes to the big business of Pokémon cards.
There’s plenty of money to be made with these colorful collectibles. It might even prove to be more lucrative than being a professional football player—and it’s a heck of a lot safer. The recent sale of a rare Pokémon card netted Martinez $672,000 and was one of the factors that led him to retire from the NFL in the middle of the 2022 season.
His recent career change might have also forced a reevaluation of his nearly brand-new Manhattan Beach, CA, home. Martinez and his wife purchased the six-bedroom, 6.5-bath property for $5,985,000 in late May. Seven months later, it’s back on the market with a modest 5% price bump.
$3.5 Million Homes in California
A Mediterranean-style house in Los Angeles, a three-family building in San Francisco and a five-bedroom home with a guesthouse in Alamo.
New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True
Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. It will take too long.
While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. As a result, homebuyers who’ve heard these rumors might be passing over a smart path to homeownership that makes sense for many Americans today.
“Given declining housing affordability and limited existing home inventory, a full one-third of inventory on the market is now new-construction homes,” says Robert Dietz, senior vice president and chief economist for the National Association of Home Builders.
In other words, in a housing market plagued by limited inventory, prospective homebuyers can’t afford to count out new-construction homes as an option—and they certainly shouldn’t just because of some persistent misconceptions.
They Got an Apartment They Liked, but Had to Wait for the Happy Ending
A couple found a rental apartment in Manhattan on the first day they searched. But there were weeks of snags and delays before they actually moved in.