Contributor : James Link
It’s certain that most people have heard that living in New York or San Francisco is very expensive. And rents definitely surpass the national average in both places. With average rents increasing nationally, there are still two cities battling it out for which rent is the priciest. Surprisingly though, there are eight other cities that do not lag far behind in terms of their pricey livability.
Interestingly, there are 10 cities where Millennials, especially, are willing to pay high rent just to live there. These desirable attributes include great universities, favorable jobs, overall appeal, and an exciting lifestyle. The economy is good enough in these areas and the areas around them to support people in paying the higher price for rent.
Let’s take a look at the ten cities with the highest rents.
Real Estate Inventory and Market Trends continues to be highly volatile and is largely regionally based. This volatility can be seen in different areas around the country and is ultimately driven by supply and demand of real estate types and location. Remember the adage in real estate? Location…location…location…. This continues to factor heavily in whether homes are purchased or sit on the market. This blog considers other factors impacting market trends and real estate inventory.
The first trend that needs to be considered is economic volatility, which should be considered regarding cycles. Cycles can be long-term or short-term and involves historical guidelines as well as current market factors. The most recent real estate market downturn occurred as a result of the recent recession. The recession continues to play a significant role in attitudes and fears. Many homes were lost as a result of the market downturn. The recession created a situation that left premium home buyers with the greatest leverage. Many entry-level homeowners will not be selling or moving up in the housing market anytime soon because the perceived risks far outweigh the size increase that would happen if they traded up into a mid-level home. It would take skill and effort to convince this type of homeowner to give up their “good deal” for a risk, especially in some regions of the U.S. where the economy has not recovered as elegantly.
Moreover, any decrease in beginner homeownership is primarily due to the homes that were lost and are now owned by investors who renovated and turned them into apartments or rentals. This type of buyer has turned into hit television shows on HGTV. While some more seasoned homeowners decided to weather the recession and kept their homes and now owe more on the home than it is worth. This crisis has affected the three inventory categories but it is mainly the beginner have taken the biggest hit.
Here are a few statistics to consider:Read More
The American real estate industry has finally returned to a level of normalcy in 2016. More people are buying homes, millennials are settling down and starting families, and technology is making the real estate reach farther than ever. It was reported in 2015 that 90% of home buyers searched online during their home buying process.
The real estate industry is changing and following the digital marketing trends sweeping the nation in 2016. Setschedule is committed to incorporating these technological developments for servicing clients with the latest resources. Here we’ll look at 10 of the most notable marketing trends that will have a considerable impact on how real estate functions in our country.
- Become mobile-friendly
This past year, we saw consumer activity on mobile devices actually out-perform purchases through laptops and stationary computers. More people are doing business and reading the news right from their smart phones to save time and increase versatility. To stay relevant, real estate agents should be devising mobile-friendly websites that engage users directly from their phones.
- Make an app!
To piggyback off of our first trend, developing real estate listing apps and other technological tools for home buying will come to sweep the industry in upcoming years. There’s an app for everything today. If someone can create an all-encompassing real estate agent pairing app, they’ll make millions. Jump on board with the expansion of mobile technology, and make an app for your company!Read More
Real Estate Marketing Startup Mobilizes Realtors to Help Improve the Quality of Life of Children with Cancer
IRVINE, Calif. – SetSchedule, a company specializing in scheduling listing appointments for real estate agents, announced today that it will host a casino night benefiting Larger Than Life, a nonprofit organization committed to improving the quality of life of children with cancer.
Larger Than Life helps families by providing financial assistance to cover procedures and medications not covered by health insurance, working with hospitals to improve the atmosphere in children’s wards and creating activities for children undergoing cancer treatments. The organization also engages in community outreach to drive awareness of much-needed efforts to improve the lives of children and families battling cancer.