housing: Density Push to Challenge Real Estate Professionals
- 05/12/23 12:27 PM
Density Push to Challenge Real Estate Professionals Most real estate professionals understand the inventory shortages we are facing now are a result of more than a decade of underbuilding. Strong demand, fueled by population growth, coupled with the ongoing issue of an inadequate number homes for sale or rent are causing housing prices to skyrocket. As was evidenced this last year, even doubling of interest rates was not enough to change the course of the real estate market. In Washington State, the legislature tackled this problem head-on in this first legislative session this year. According to the News Tribune, over … (3 comments)
housing: Generational Housing Needs and Their Effect on the Market
- 02/17/15 05:15 AM
Generational Housing Needs and Their Effect on the Market There are four distinct generations that are changing the types of homes in demand today. They include these generations: The Silent Generation: born 1925-1945 Baby Boomers: born 1946-1964 Generation X: born 1965-1980 Generation Y: born 1981-2000 Each of the generations have very specific housing needs which require updated floor plans. This is creating both challenges and opportunities in the real estate industry. These new demands for specific space include more storage and work space, outdoor living spaces, and guest or extended family guest quarters (next generation living space). The demand for remodeling has … (2 comments)
housing: Generational Differences in Housing
- 01/09/15 01:40 AM
Generational Differences in Housing As a real estate professional your job is to know your market and to know your clients. Understanding the needs and preferences of buyers today is critical in providing exceptional service to your clients and making their home-buying experience an effective and pleasant one. The two buyer groups that are dominating the buyer market pool are Baby Boomers and Generation X, with Millennials coming on strong to the home buyer scene. Baby Boomers born 1946 – 1964 Generation X born 1965 - 1980 Millennials born after 1980 Knowing who you are working with and their … (5 comments)
housing: Remodeling Hits an All-time High!
- 11/07/14 07:10 AM
Remodeling Hits an All-time High! People ask me all the time about my personal formula for home remodels, but in my experience every project and every home is unique. I let each home visually tell me how it needs to be changed. For some remodels a complete new kitchen is in order, while other kitchens can be transformed with new countertops, backsplash, and cabinet re-facing. For some homes the outdoor landscaping is as important as the changes that will be made inside the house. It all depends on the home, the location and the market demand at that moment. … (5 comments)
housing: Helping Sellers Get Realistic About Price
- 09/19/14 04:24 AM
Helping Sellers Get Realistic About Price Unrealistic sellers have been a big challenge for real estate agents for decades. It is common for sellers to have a different view of their home value than the market does. The difficulty comes when it is time to get the home listed and the seller believes that they are leaving money on the table if they listen to you and list their home at the price you recommend. Even though they did call for your expert opinion, many sellers discount your expertise when they don't like the price recommended. Real estate is … (3 comments)
housing: The Pulse of the Market
- 09/12/14 04:49 AM
How to Benefit from the Pulse of the Market Agents have been contacting me these past few weeks asking me when the market was going to come back. I didn't realize it had gone anywhere. I wrote about the strength of our market a few weeks ago, but it seems that any time the market takes a pause or a breather, agents will become concerned. However, a healthy real estate market ebbs and flows with fast and furious moments and times that are slower. Many areas have been experiencing a slightly slower period during the last few weeks of … (0 comments)
housing: New Construction: 5 Trends You Need to Know
- 08/26/14 02:26 AM
New Construction: Trends You Need to Know As real estate professionals we are trained to keep a very close eye on changes in the housing marketplace. But we also need to pay particular attention to what is happening in the world of new construction, as construction trends can have a dramatic impact on the housing market. Here are five important trends we've seen recently in new construction that you may find interesting. House Size Decreases When the real estate market is booming house sizes seem to increase because builders and home buyers have more confidence. When the market struggles, the size … (1 comments)
housing: The Market Now and What Is Coming
- 08/15/14 06:53 AM
The Market Now and What Is Coming The spring and early summer brought a very robust real estate market in many areas and many price points. Multiple offers became the norm in many markets and agents found themselves busier than they had been in years. The market was moving, buyers were out looking and sellers who previously couldn't sell were finally getting the offers they needed to make a move possible. Pending home sales rose consistently and real estate was back in the media in a positive way. However, agents in many areas may have noticed a slight slowdown … (1 comments)
housing: Know Your Market: A Telling Look Back!
- 04/25/14 01:44 AM
Know Your Market: A Telling Look Back! A lot has changed over the past two decades in the housing industry. The makeup of buyers, tenants, as well as household formation has all changed dramatically. Here are some changes that are worth noting and keeping track of as time goes on. MEDIAN AGE AT FIRST MARRIAGE There are many reasons people choose to buy or rent. Age and family formation are two of the biggest variables when determining how to live. According to the 2013 Census the estimated median age of a man at first marriage is 29 while the median … (3 comments)
housing: The Changing Face of Real Estate: Lifestyle Housing
- 02/28/14 02:25 AM
The Changing Face of Real Estate: Lifestyle Housing Today brings us to part three in our series on the changing face of real estate: lifestyle living. To access the other two weeks please click here: Part 1: Micro-Housing and Part 2: Generational Housing. This final, and probably the most important, topic in this series on how real estate needs are changing shows how housing needs are changing dramatically due to lifestyle choices. In particular, Baby Boomers are really taking initiative when it comes to housing and they are not afraid to name and claim what they really want - … (0 comments)
Join Denise Lones each week as she looks at the world of real estate and the world at large from customer service to the importance of listing presentations in a one-on-one style. Denise has more than 20 years of experience as a successful agent, broker, trainer and coach. Denise is someone in the know when it comes to real estate.
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