Real Estate, Updates, News & Tips - Junyi Sun - iPro Real Estate

Delayed Homeownership to Hamper Millennials’ Retirement

Financial experts are growing concerned by how millennials’ lack of homeownership will impact them financially when they retire."Homeownership is one of the touchstones of being prepared for retirement," Tamera Sims, a research scientist at the Stanford Center on Longevity, told CNBC. "Buying a home at age 50 or 60 isn't going to do you much good in funding a 30-year retirement."But young adults are “not able to hit the [housing] market at t

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Housing Markets That Have Shattered Previous Price Peaks

Home prices are showing some signs of cooling, but in a handful of markets, some homeowners likely won’t notice much. That’s because homeowners who have owned their home since before the recession have seen their home prices jump by 50 percent—even up to 80 percent.Median home prices are above pre-recession levels in 69 percent—or 103--of the 150 metro areas tracked, according to a new report from ATTOM Data Solutions. Median home prices

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Fall Yard Care Checklist

As the temperatures cool, homeowners have a lot of chores to do with their lawn to make sure it weathers well into the spring.Perfect timing is essential for fall yard care, says Missy Henriksen, vice president of public affairs for the National Association of Landscape Professionals. “For example, for many parts of the country, this fall has been warmer and wetter than usual, which has required that lawns are mowed later into the season, and m

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Bump in Contract Signings Points to Future Housing Gains

Pending home sales increased slightly in September, with significant gains in the West and Midwest offsetting more modest growth in other regions, the National Association of REALTORS® reports. NAR’s Pending Home Sales Index, a forward-looking measure based on contract signings, shows signings inched up 0.5 percent nationwide to a reading of 104.6 in September. But on a year-over-year basis, contract signings have dropped 1 percent—marking t

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Buyers May Be Snubbing New Homes as Affordability Worsens

Sales of newly built homes dropped for the fourth consecutive month, while new construction inventory reached the highest level in years, the U.S. Commerce Department reported Wednesday. Sales of new single-family homes dropped 5.5 percent last month, the slowest pace since December 2016.“New-home sales activity has slowed this summer as housing affordability remains a serious issue,” says Randy Noel, chairman of the National Association of H

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3 Big Mistakes When Staging a Living Room

The living room tends to be a major area for social activity in the home, and how you arrange the furniture can either encourage or hamper that.“Every piece of furniture you own might not have a perfect spot in your house, but it does have a best spot,” Myquillyn Smith, author of The Nesting Place: It Doesn’t Have to Be Perfect to Be Beautiful, told realtor.com®. Smith sees several common furniture placement mistakes that homeowners mak

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Brokerages Wrestle With Growth of Pocket Listings

The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry. In markets starved for inventory, real estate professionals are struggling with being kept out of these secret dealings for homes that their buyers could potentially want.In markets such as Los Angeles, for example, reports say that up to 30 percent

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Will Garages Become Extinct?

The technology to power driverless vehicles is already here, and greater tests of autonomous vehicles are already hitting the roadways. And as autonomous vehicles are spread around and the popularity of car-share programs rise, housing analysts are already calling on the death of the garage in residential homes.Babcock Ranch, located north of Fort Myers, Fla., is a sustainable, tech-enabled master-planned community development that is already sh

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Property Frenzies Abound Ahead of Amazon’s HQ2 Announcement

Which city will be the site of Amazon’s second headquarters? City officials in finalist areas are anxiously awaiting, and some investors are already betting on the winner and snatching up real estate ahead of the announcement or gathering commitments ahead of time so they’ll be ready to pounce once the winner is announced, The Wall Street Journal reports.“HQ2 is guaranteed to meet three criteria: tech job growth, tech job growth, and tech

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Nearly 4M to Get a Credit Boost

Many consumers may see their credit scores move higher, following an announcement on Monday from FICO, a leading credit scoring company. FICO, Experian, and Finicity announced a new pilot program that will consider how prospective borrowers manage their cash that could move credit scores higher. Credit scores are a critical component when qualifying for a mortgage and getting the lowest rates.The program, called UltraFICO score, aims to help peop

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