How Car, Home Inflation Is Driving Up Loss Costs for Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced. Last week you were reading A View From The Top Of A ‘Healthy But Evolving’ Reinsurance Market. This week we’re bringing you: US P&C insurers see net underwriting loss […]
Why Is The Gap Between Owner and Appraiser Home Value Opinions Widening?
Homeowners Overestimate Home Value Growth The average American homeowner thinks their home is appreciating faster than appraisers do. Appraisal values in January were an average of 0.47 percent lower than what homeowners estimated, according the national Quicken Loans Home Price Perception Index (HPPI). January was the third consecutive month in which the gap between these […]
Selling Homes to Millennials
Understanding to Millennials as Homebuyers Millennials are the new up and coming generation of homebuyers. Many millennials have the desire to stabilize and are looking to buy their first homes in order to settle down. In the past, home sellers steered clear of this group because they seemed like a hard sell, but current indicators […]
What Do Millennials Want in a Home?
Understanding Millennials Homebuyers Millennials—those who are in their 20s or early 30s—are the rising generation of homeowners. Their choices, values, and lifestyles are quite different from older generations. When it comes to buying a home, their careers, proximity to friends, and experiences are usually more important to them than the expanse of the property. Functionality […]
How Can FHA Loans Help You Buy a Home?
What is an FHA Loan? FHA loans are specifically designed to assist homebuyers in purchasing homes they couldn’t afford if they opted for other types of mortgages. The Federal Housing Administration (FHA) was founded in 1934, and its aim was to help people purchase homes. This organization does not make any loans, but it does […]
Selling Your Home During the Holidays | Best Method For Passive Income
Contrary to what some might think, selling your home during the holidays is actually a great idea. The competition within this period is usually quite low due to the minimal number of homes put up for sell and actively advertised. A good number of prospective buyers are often serious and willing to make a purchase […]
Vacation Home Sales Soar
Vacation Home Sales Jump by 30% in 2013 According to the 2014 Investment and Vacation Home Buyers Survey by the National Association of Realtors, vacation home sales jumped dramatically in the last year or so. The survey reveals that vacation homes increased by almost 30% in 2013, their sales accounted for 13% of all real […]
Why Real Estate Agents Should Focus on Baby Boomers
The Power of the Baby Boomer Market Want to focus on a particular niche for your real estate business? Consider the baby boomer generation! Why, you ask? Well, there are many reasons why it’s a good idea for agents to spend time and money marketing to baby boomers. Their generation accounts for about fifty percent […]