Toll Brothers, a luxury homebuilder, filed a lawsuit against Southern California Gas over an extensive gas leak a few years ago that the builder claims caused one of its master plan developments to no longer be desirable to buyers.The 2015–2016 gas leak in the Aliso Canyon area in California is considered the worst natural gas leak in U.S. history. The leak lasted nearly four months. Thousands of residents from the Porter Ranch community and ne
The housing market likely won’t be deeply affected by the sharp decline in stocks over the last two days because underlying economic fundamentals remain strong, says Lawrence Yun, chief economist for the National Association of REALTORS®. Jobs are being created, workers are seeing wage gains, and there’s no recession on the horizon. Those data trends don’t support the theory that the stock market drop indicates a larger underlying problem
As home prices and rental costs rise, more consumers are scrutinizing their best financial move: to buy or rent?Realtor.com®’s research team analyzed annual median rental costs versus annual median costs of homeownership (including mortgage payments, taxes, and homeowners insurance) to find whether buying or renting made more financial sense in the nation’s 500 largest counties. Realtor.com® also factored in median incomes in each of the co
Strong demand and low inventories fueled home prices to record highs in 2017, as the median home price in the U.S. reached $235,000, up 8.3 percent from 2016, according to real estate data firm ATTOM Data Solutions. Still, annual price appreciation showed signs of slowing; in 2016, the national median home price jumped 8.5 percent year over year, according to ATTOM’s latest housing report.Sixty-four of 112 metros—or 57 percent—set a new rec
When high-end property owners want to spruce up their homes, the renovation projects they tend to gravitate toward include pools, bars, gourmet kitchens, elevators, and amenities suitable for waterfront houses, according to a new study by Homes.com. The real estate portal’s research team culled sales data to analyze how homes vary regionally in terms of features, size, and price.The top three features luxury homes nationwide have in common are
Living with a roommate isn’t a trend only among renters, nor is it limited to families living in multigenerational homes. The latest U.S. Census Bureau data reveals a growing number of adults who are living with other adults with whom they are not in romantic partnerships.The trend increased after the last recession, and “nearly a decade later, the prevalence of shared living has continued to grow,” according to a new analysis of census dat
An estimated 132 billion business emails are sent each day, according to a report from technology research firm The Radicati Group Inc. But the email signature—like a postscript (or P.S.) on a handwritten note—is underused, Ivan Misner, author of Networking Like a Pro and founder of Business Network International, told Forbes.com. “Adding a ‘P.S.’ to your signature line gives you an extra space to include an important message that w
A decade after the last housing crisis took its toll on the U.S. economy, most real estate markets nationwide have not only fully recovered but are soaring above prerecession home-price highs. Personal financing website Credit.com predicts that the markets in the following states will stand out the most this year. Nevada: Median home values in Las Vegas are expected to rise about 5.8 percent over the next 12 months. The median home price is curr
Five best practices to help you find the right hireHiring can be daunting, but when done right, it can be the best thing you do for your growing business.As Compass’ director of recruiting, I’m responsible for helping our executives find and hire the highest caliber of talent they can for their growing teams. I provide that same counsel to our agent team leaders.The faster your business grows, the higher the hiring stakes. Setting standards a
Maximize. Every. Minute!Ask people why they got into real estate, and one of the most common answers you’ll hear is this: “I get to set my own schedule.” Sound familiar?But once you dive into the business, you realize this statement is both true and a little naïve. Agents quickly discover that achieving success as an entrepreneur means maximizing every moment of every day.That’s what this article is all about — creating the ultimate d
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