The median rent in the 50 largest metros nationwide increased 2.7% year over year, the largest growth since the beginning of the COVID-19 outbreak, according to a new report from realtor.com®. The nation’s largest tech hubs are seeing some of the biggest rebounds in rental prices as more technology firms announce return-to-the-office plans.The U.S. median rent in April averaged $1,483, the fastest growth since March 2020. Prior to the pan
More Americans are now reliant on fast internet as remote work and school and tech-enabled personal connections grew during the COVID-19 pandemic. House hunters even say fast internet and cell service are crucial as they shop for homes, new surveys show.Where you live may have a stake in just how fast your internet speed is. A new study from HighSpeedInternet.com analyzed and ranked the average internet speeds of the top 100 largest met
Home sellers have big expectations of multiple offers, bidding wars, and high prices when they list their home for sale, according to a new survey from realtor.com® of 657 homeowners planning to sell in the next 12 months. Twenty-four percent of homeowners expect to get more than their asking price, and 29% of sellers plan to ask for more than what they think their home is worth, the survey shows.Home sellers are looking to cash out on the red-h
Housing starts dropped in April as builders saw rising building costs hamper inventory and affordability. Housing production fell 9.5% last month to a seasonally adjusted annual rate of 1.57 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported Tuesday.While homebuilding is down, the demand for new homes continues. The latest homebuilding data is “discouraging at first glance,” said Lawrence Y
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Property taxes can vary considerably based on where you live. Homeowners in some metro areas pay thousands of dollars more per year than owners elsewhere. Home shoppers will want to factor in these added costs when they buy to avoid unexpected tax surprises.For example, the median real estate tax in Las Vegas—the lowest of the 50 largest metros analyzed—is about $7,700 cheaper than in New York, where property taxes are highest, according to a
Cash is often king. Buyers who can make an all-cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to make for faster transactions.All-cash deals comprised 20% of sales over the first two months of this year, up about 5% compared to a year ago, according to a new analysis from realtor.com®. The majority of c
Demand for homes in some of the lowest-cost neighborhoods in the country is surging in the red-hot housing market, prompting neighborhood revitalization projects to spread.U.S. ZIP codes where the median home price is less than $100,000 have posted a 42% jump in home values in the past three years, according to an analysis by CoreLogic and The Wall Street Journal. That’s double the increase in ZIP codes where the median price was between $
Super-fast 5G connection speeds could become a future selling point for homes. Eighty-seven percent of consumers say that a home with access to fifth-generation cellular internet speeds and networks makes the property more valuable, according to a new survey of 1,000 U.S. adults commissioned by Verizon. What’s more, 62% of real estate agents believe that the next year or two will bring more opportunities to advertise home access to a 5G network
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
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