The federal government is expanding its effort to catch people and organizations that use all-cash purchases of high-end real estate to launder money. Under the expansion, Honolulu will join several other areas in which title agents are required to report purchaser information for specific transactions. The expansion also adds certain wire transfers to the list of reportable real estate transactions, specifically to help the government identify i
Renters are more likely to experience a burglary than homeowners, according to data from the Bureau of Justice Statistics. Apartment buildings with two to four units are the most at risk of theft.“This is probably because plenty of people come and go from apartment complexes daily, while homes only have a few family members who enter or leave,” according to ADT, a security firm, which recently analyzed data on burglary risks across the countr
Value range pricing, also known as variable range pricing, is when a listing indicates sellers are looking for offers between two suggested prices, such as "$450,000 to $500,000," rather than just one price, such as $475,000. This tactic is still relatively rare, but it’s becoming more popular because it offers advantages to both buyers and sellers, according to realtor.com®.“Once buyers and sellers understand the rhyme and reason of the co
Follow your passions, build your brand, and the right clientele will come to youYou won’t find Aaroe Estates president and real estate agent Aaron Kirman slumped behind a desk or hiding behind his tablet. You’re more likely to catch him mid-volley on the tennis court with clients, chatting it up with prospects at dinner or enjoying a casual day of shopping with investors.Aaron KirmanKirman, a 21-year real estate vet, was with Hilton & Hyl
Local agents at Nest Realty in Charlottesville will soon gather to discuss what's next and how they can make a differenceThis week, just two blocks from where several hundred white nationalists and supremacists recently shook the city of Charlottesville, Virginia, and the entire nation to its core, team members at real estate brokerage Nest Realty will meet to brainstorm what they can do to make a difference.Their conversation will center on fund
Buyers with children put more weight on the neighborhood, local schools, and size of homes when shopping for the right property, according to the 2017 Moving With Kids report, produced by the National Association of REALTORS®.The neighborhood, in particular, has a big influence on home buyers with children under the age of 18. Forty-nine percent of buyers who have children consider the neighborhood based on the quality of the school district,
More developers are finding 1970s “hippie-inspired” amenities—with high-end twists—to be more appealing for younger generations buying into upscale apartments or condos, The New York Timesreports.For example, a luxury rental complex on Staten Island in New York, called Urby Staten Island, features a communal kitchen, a 5,000-square-foot urban farm, a 20-hive apiary (tended by farmers and beekeepers), and kombucha workshops.Developers in
Mortgage rates can affect affordability more than home price appreciation, according to Andrew LePage, CoreLogic’s professional in research analysis.Low interest rates have helped mitigate some of the impact from household incomes that have failed to keep pace with rising home prices in recent months, LePage says. However, if mortgage rates trend higher—as they are largely predicted to—what will happen to affordability? LePage uses a CoreLo
About 15 percent of people ages 25 to 35 were living with their parents in 2016, according to Pew Research data. Many millennials came of age during the last recession, “so it’s taking them longer to financially recover,” says Jason Dorsey, president of the Center for Generational Kinetics, a research firm in Austin, Texas. “They had a tough job market from the start, and there’s been quite a lot of wage stagnation. … It’s more soci
Open floor plans, which typically combine the kitchen, living room, and dining room in one large, open area, have dominated home design trends in recent years. But now, buyers may be starting to shun this type of layout, The Wall Street Journal reports.“While [the open floor plan] was successful in allowing multiple generations to congregate, it also led to consolidated visual chaos,” New York-based designer Phillip Thomas told the Journal
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