Market News

Light it Up: Add a Party Vibe to Your Outdoor Staging

By Melissa Dittmann Tracey, REALTOR® Magazine

Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the lights used at an outdoor street fair.

Homeowners are draping them across the top of their pergola, or along their back deck. Some owners may stretch them above and across their yard to create a canopy of lights.

Watch out that they don’t become an eyesore during the daytime. The glow at night are when these lights shine. Tuck them into the top of a pergola. Or, for a photo op, drape them temporarily across a courtyard. Take a picture of it at dusk for a listing photo that shows off the entertainment space of a backyard.

Or, string the lights to illuminate the backyard during a twilight open house. Check out how these designers used them.

Photo by – Discover patio design inspiration
Photo by The Cousins – Look for deck design inspiration
Photo by kbcdevelopments – Search patio pictures
Photo by PaveStone Brick Paving Inc. – Discover patio design ideas

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WATCH: Realtors® March Housing Minute

Existing-home sales and contract signings both experienced meaningful increases in February despite higher mortgage rates, rising home prices and subpar supply levels in much of the country.

Visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association of Realtors® summarizing how the housing market performed in February, as well as a look at homebuyer data by generation from NAR’s 2018 Profile of Home Buyer and Seller Generational Trends.

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Relocating: What Renters Look for In a New Neighborhood

By Ashley Lipman Nowadays, we’re seeing larger cities—like Los Angeles, Calif. and Washington, D.C.—take a backseat to smaller up-and-comers, such as Omaha, Neb. and Dallas, Texas. From 2011 to 2016, Dallas’s GDP rose a whopping 26.6 percent and Omaha consistently has one of the lowest unemployment rates in the U.S. But no matter which city renters are looking at, […]

The post Relocating: What Renters Look for In a New Neighborhood appeared first on RISMedia’s Housecall.

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Submitting Creative Bids During the Spring Market Frenzy

It’s that time of year again. The spring market is in full swing and crowds of buyers are fighting over their dream house—or at least the closest thing to it considering this year’s nationwide inventory shortage isn’t leaving many options. So, what does that mean? For the most part, higher prices, more competition and a […]

The post Submitting Creative Bids During the Spring Market Frenzy appeared first on RISMedia’s Housecall.

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4 Cost-Effective Ways to Raise Your Home’s Value

By Dixie Somers If you’re looking to raise the value of your home, especially for resale purposes, you’ve undoubtedly heard all sorts of ideas that will get the job done, many of which may be too expensive or too difficult for you to handle at the moment. Many require a large chunk of change, and […]

The post 4 Cost-Effective Ways to Raise Your Home’s Value appeared first on RISMedia’s Housecall.

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Hot Home Trend: Bring on the Velvet

Photo Credit: Pulte Homes

Photo Credit: Pulte Homes

By Melissa Dittmann Tracey, REALTOR® Magazine

We’re seeing a revival of the 1960s love for velvet in home décor. Velvet has been making its way into more fashion and now it’s expected to make a bigger splash in home décor in 2018.

This heavier fabric can add some luster to a space through upholstery, drapery, bedding, pillows, and furnishings too.

But as in all things, moderation is key. You don’t want to make it look like your home was set for a period drama.

Touches of velvet are on-trend. Many of the hottest trends this year are combining soft and warm elements with harder or darker finishes. So in this case, a mix of velvet – like a velvet accent chair — with then a shiny, metal accent, such as a metallic end table. Designers say together the heaviness versus softness blend offers luxury and sophistication to a room’s look.

The homebuilder Pulte Homes has called velvet one of the hottest home trends of 2018, and they’ve been incorporating it more in the design of their model homes across the country. They’re using touches of velvet, particularly when showing off some industrial glam to some of their properties.

Velvet Accents_new

Photo credit: Pulte Homes

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Searching for Paradise: Top 10 Second-Home Locations

While most U.S. homebuyers are looking for Craftsman-style homes or Capes as their primary residence, when it comes to purchasing a second home or vacation property, styles radically change to match the relaxing and exotic feel of highly sought-after vacation spots. A new report by Point2Homes uses Google search data to determine where U.S. residents […]

The post Searching for Paradise: Top 10 Second-Home Locations appeared first on RISMedia’s Housecall.

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St. Patrick’s Day: Looking at a Market Going Green

To celebrate St. Patrick’s Day, the National Association of Realtors® is going green.

Recent data has shown that Realtors® are seeing green properties and energy efficient homes becoming more popular with home buyers. According to the NAR Sustainability Survey, nearly half of Realtors® see consumer interest and demand for greener, more sustainable properties.  Below are highlights from the report.

Regarding renewable energy and its impact on the real estate market, according to Realtors®:

  • 43 percent report their MLS has green data fields
  • 27 percent involved with between 1 to 5 properties that had green features
  • Nearly 40 percent said clients find green spaces important
  • 80 percent of Realtors report solar panels in their market
  • Seven in 10 said that energy efficiency promotion is listings was very or somewhat valuable

Home features that Realtors® said their clients consider important:

  • Home’s efficient use of lighting (50 percent)
  • Smart/connected home (40 percent)
  • Green community features such as bike lanes and green spaces (37 percent)
  • Landscaping for water conservation (32 percent)
  • Renewable energy systems such as solar and geothermal (23 percent)

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Instant Reaction: February Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in February:

“The fall in housing starts in February is a movement in the wrong direction. The key to economic prosperity at this juncture of economic expansion is to produce more new homes. That will help with job creation and reduce the swift price appreciation in several markets. 

A total of 1.2 million homes were constructed last year, which was vastly inadequate. Last month’s annualized rate of 1.24 million is only a hair above 2017’s figure. It’s not enough. While relaxing regulations on small-sized community banks may spur more construction loans for building, labor shortages in the industry continue to stunt overall activity.”

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