Monthly Archives: November 2015

Home Trends!

Looking for some new home trends? The article shares below shares 6 fun trends for your home decor… Read more below!!

6 ‘Tacky’ Home Décor Trends

Trends come and go, and the folks at realtor.com® recently compiled a list of a few of those faded home design trends they hope never come back in style. Make sure your listing isn’t an offender!

Here are a few of what realtor.com® recently dubbed as the “tackiest home décor trends” of all time:

Read more: How to Tell Sellers Their Home Is an Eyesore

1. Plastic furniture covers: While you may be trying to keep the furniture clean, those thick layers of clear vinyl all over furnishings will not make guests feel welcome or comfortable as they squish into a Saran-wrapped chair.

2. Popcorn ceilings: Textured ceilings scream 70s and 80s décor. But besides a passé look, they also can absorb odors and discolor more easily too.

3. Wall-to-wall shag carpet: Sure, it’s more affordable than wood flooring but shag carpet can be tough to clean (getting stuck in a roll in your vacuum) and it can feel like your walking on yarn, according to realtor.com®’s list.

4. U-shaped toilet rugs and covers: Remove those U-shaped covers along the bases of toilets and the matching toilet seat cover. They can make the bathroom appear unclean – by trapping moisture and bacteria.

5. Fabric overload: Floral prints and copious fabric in every corner of a room may have been on trend in the 1980s, but it may be long overtime to weed out some of those prints. Ruffled skirts on pieces of furniture and floral curtains just may be too much for home buyers’ tastes nowadays.

6. Hanging plants: Hanging houseplants from your ceiling can make a home look like a “jungle.” Instead, keep the greenery in a pot on the table or shelf.

View more tacky décor trends at realtor.com® or offer your alone in the comment section below.

Source: “10 Tackiest Home Décor Trends We Hope Never Return,” realtor.com® (Nov. 20, 2015)

http://realtormag.realtor.org/daily-news/2015/11/23/6-tacky-home-d-cor-trends

Most Equity

This article shared below shows a chart that tells who has gain the most equity on their homes. Read below …

This Chart Reveals Who Gained the Most Equity

The average home seller nets about a 23 percent gain in equity from the time they purchase their property – or about $40,000, according to the National Association of REALTORS®. But a closer look at the data reveals that sellers who purchased their home during certain volatile years tend to fare worse than others.

Home owners who purchased their home eight to 10 years ago—from 2005 to 2007, during the height of the real estate bubble—have earned just $3,000 or 1 percent in equity during that time, says Jessica Lautz, NAR’s managing director of survey research and communication. Those home owners may show the most reluctance to sell their homes, and that may be adding to the inventory shortage in many cities, Lautz says.

Take a closer look at NAR’s latest profile of buyers and sellers report at the breakdown below to see who fares the best in the equity picture:

http://realtormag.realtor.org/daily-news/2015/11/18/chart-reveals-who-gained-most-equity

Rules for renting with pets!

Read this article that shares some rules to renting with pets. If you have trouble getting into properties because you have a pet then you might find this article useful. This article shares some ways you that may help you as well. Read below…

5 Rules for Renting with Pets

RENTING INFO / NOVEMBER 17, 2015

No Pets?

Do you allow pets to your properties? Well few homeowners have a no pet policy. But some may find ways around that. If your pet is registered as a Service Pet then they may not deny you for that reason. Read this little article featured below that explains why they have to allow the pets…

Fit Service Dogs Into Your No-Pets Policy

Many people suffer from physical and mental disabilities so severe that they need a service dog, which not only provides therapeutic support but also helps perform basic tasks.

But what if you manage a property with a no-pets policy, and a tenant wants to have a service dog at home with them?

The American Disabilities Act requires landlords to accommodate tenants who depend on the assistance of a service dog, so you’ll have to make an exception for them. That doesn’t mean, though, that you lose your right to ask other tenants not to have pets.

Struggling to find the balance? Find out the difference between a pet and a service animal and how to keep your lease policy intact.

http://realtormag.realtor.org/daily-news/2015/11/17/fit-service-dogs-your-no-pets-policy

HUD BANS SMOKING IN PUBLIC HOUSING

HUD has announced that they are working on banning smoking in public housing. As many know second hand smoke is terrible. They are now putting a stop to it. Read the article below that tells a little more about it….

 

HUD Weighs Smoking Ban in Public Housing

The Department of Housing and Urban Development is inching closer to making public housing completely smoke-free.

Last year, HUD announced in a white paper its intention to ban properties of having tobacco-based products, saying the dangers of second-hand smoke prompted such action.

HUD Secretary Julián Castro and Surgeon General Dr. Vivek Murthy announced a proposed rule this week to make the nation’s public housing properties completely smoke-free. If approved, that would require 3,100 public housing agencies to ban smoking within 18 months. The agencies would be required to initiate policies that prohibit lit tobacco products in all living units, indoor common areas, administrative offices, and all outdoor areas within 25 feet of housing and administrative office buildings.

“We have a responsibility to protect public housing residents from the harmful effects of second-hand smoke, especially the elderly and children who suffer from asthma and other respiratory diseases,” says Castro. “This proposed rule will help improve the health of more than 760,000 children and help public housing agencies save $153 million every year in health care, repairs, and preventable fires.”

HUD is currently seeking public comment on the proposed rule for the next 60 days.

http://realtormag.realtor.org/daily-news/2015/11/13/hud-weighs-smoking-ban-in-public-housing

Why do people move?

Do you ever wonder why or when people think of moving? Obviously their are numerous of reasons why we want to move. But this article featured below shares around when most people move and why that is… Read below!

 

 

3 Reasons Why People Move

Why do people choose to live where they do, and how do their priorities and housing trade-offs shift over time? Using data from a recent study by the Centre for Cities, a research and policy institute based out of London, CityLab highlighted some key insights into the motivations behind where people choose to live.

Read more: Where Americans Are Moving To

It should come as no surprise that the top reasons overall for choosing where to live are the cost of housing (at 28 percent), being close to family and friends (28 percent), the size and type of housing (22 percent), and being close to their job or their partner’s job (21 percent).

However, Richard Florida, co-founder and editor of CityLab, points out that these housing decisions vary significantly depending on age. He points out that people generally make three big moves in their lifetime, and their priorities and trade-offs are different at each of these three stages.

When working with clients at these three different age demographics, it’s important to highlight aspects of your listing that match up with their priorities at that given time in their lives.

These are the three main types of moves:

1. The post-college, career-minded 20-something move.

Those between 25-34 years of age tend to make housing and moving decisions based on their career. In fact, 31 percent of this age group answered that being close to their job or their partner’s job was a priority for them. Cost of housing was also important, with 30 percent of respondents saying that was a big factor. While much has been written about younger buyers needing to be close to restaurants, bars, and cultural amenities, only 9 percent said these were important factors in choosing where to live. Access to green space and the environmental factors were not as important to this demographic compared to other age groups.

2. Starting a family/mid-30s move.

People in the 35-54 age group, perhaps focusing on raising a family, were also very concerned with the cost of housing. Unlike their younger counterparts, they placed high value on the size and style of housing (21 percent), the safety and security of the neighborhood (17 percent), and the access to good schools (13 percent). Twenty-five percent of respondents said that it was important to live near family and friends. Few in this demographic ranked access to restaurants and cultural facilities as being important to them.

3. Empty-nester and retirement move.

Thirty percent of the 55-and-over demographic listed access to green space and nature as their top priority when they move. The size and type of housing was also important (29 percent), and nearly 20 percent said they wanted to be close to their jobs. Living in a neighborhood near family was also important (27 percent), as well as living in a safe area (at 17 percent).

“While some of us are inherent urbanites or suburbanites, our preferences change over the course of our lifetimes,” says Florida. “Many young people may prefer big cities, with their vibrant job and dating markets and abundant amenities and things to do. Those with families prioritize bigger homes with better schools and more parks and green space. Ultimately, we look for the cities and neighborhoods that fit us best at the time.”

http://realtormag.realtor.org/daily-news/2015/11/10/3-reasons-why-people-move

ARE YOU TRYING TO SECURE YOUR APARTMENT?

This article shared below tells a couple of ways to simply secure your home. They are inexpensive and can keep your home safe. Read below the 4 items to consider purchasing…

 

4 Simple Security System Options for Apartment Renters

HOME AND LIVING / TECHNOLOGY / NOVEMBER 6, 2015

WHAT DOES YOUR LANDLORD HAVE TO INFORM YOU ABOUT?

Some people ask if the landlord has to provide you with information regarding deaths in the house you are signing a lease with. Well the article below shares …

 

Does Your Landlord Have to Inform You About a Death in Your Rental?

RENTING INFO / OCTOBER 29, 2015

ARE YOU TRYING TO REDUCE YOUR ENERGY USE?

Read these tips in the article featured below that shares some ways to reduce your energy consumption. Everyone wants to live the luxurious life, so maybe this tips can save you some to do so….

 

Reducing Energy Consumption to Save Big

We enjoy one of the finest standards of living in the world, but our relative luxury comes at a price. Our energy consumption impacts our pocketbooks and our planet, and if everyone on earth lived as North Americans do, we would require the resources offour additional planets to fuel our lifestyle. Fortunately, there are a few simple things you can do to reduce your carbon footprint—and save money in the process!

Use Energy Efficient Appliances: Does it feel indulgent to purchase a new refrigerator or washer/dryer set when the old one still works? Well, do some research—it may actually saveyou money over time to purchase a more energy efficient model. Look for the ENERGY STAR® label!

Rent that Empty Room: According to U.S. News & World Report, single-person households have grown over 350% since 1960. Those who live alone use 18.4% more energy than two-person households and 52.8% more than three-person households.

Hang Your Clothes to Dry: Your clothes may not only last longer if you hang them to dry—people who hang their clothes save an average of $20 per month compared to those who rely on a dryer.


This article originally appeared in this month’s edition of Between Friends, a free marketing newsletter that you can customize with your photo, logo, and contact information… and distribute to potential clients!

Between Friends is a great way to keep your name in front of past and prospective clients. To access Between Friends from the Old Republic Home Protection Toolbox, click here and sign up for a complimentary account!

 

https://www.orhp.com/news/intouch.cfm?article=ReducingEnergyConsumption

Scared to get denied a Home Loan?

Lenders are now saying the nightmares are over when trying to get a home loan. It is now easier to get a mortgage and with low borrowing costs. Read more in the article below…

Home Buyers Don’t Need to Fear

Home shoppers no longer need to tremble all the way to the lenders’ office or have nightmares over being denied  a home loan – all the troubles that have been prominently spotlighted by many news reports in recent years. A new report confirms: It’s getting easier to get a mortgage – and as a bonus, borrowing costs are still low.

Over the past year and a half, the federal government and enterprises have taken several steps toopen up the credit box, and the efforts may finally be showing signs of paying off.

Credit scores on closed loans in September dropped to the lowest level since Ellie Mae began collecting the data in August 2011, according to Ellie Mae’s latest Origination Insight Report. The average FICO score for closed loans has fallen throughout the year – from 731 in January to 723 in September.

Opening the Credit Box

3% Down Payments May Be Game Changer

Smaller Down Payments Lure More Buyers

FHA Lowers Mortgage Costs

“Average credit scores declined to the lowest levels we’ve seen since 2011,” said Jonathan Corr, president and CEO of Ellie Mae. “We are also seeing rates fall while the time to close is also decreasing. It will be interesting to see if these trends continue as we begin to see impacts from TRID.”

Closing rates remained high with more than 66 percent of all loan applications closing for the third consecutive month. The closing rate on purchase loans rose to 71 percent. Also, the time to close on all loans dropped for the fourth consecutive month to 46 days.

And more good news for buyers: The 30-year fixed-rate mortgage continues to remain well-below 4 percent. Freddie Mac reported this week that average rates were 3.79 percent nationwide for the week ending Oct. 29, down from 3.98 percent a year ago. Fifteen-year fixed-rate mortgages averaged 2.98 percent, down from 3.13 percent averages a year ago.

Source: “Is the Credit Box Finally Showing Signs of Opening Up?” HousingWire (Oct. 21, 2015) andFreddie Mac

http://realtormag.realtor.org/daily-news/2015/11/02/home-buyers-don-t-need-fear