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    Tuesday, April 24, 2018   /   by Carlos J Higareda

    Home Sales Overcome Inventory, Price Woes

    Inventory shortages and pressing affordability issues didn’t suppress home sales activity in March. Total sales of existing homes, including single-family homes, townhomes, condos, and co-ops, increased 1.1 percent last month to a seasonally adjusted annual rate of 5.6 million, according to the National Association of REALTORS®. However, home sales are still 1.2 percent below a year ago. 
    “Robust gains last month in the Northeast and Midwest—a reversal from the weather-impacted declines seen in February—helped overall sales activity rise to its strongest pace since last November,” says Lawrence Yun, NAR’s chief economist. “The unwelcoming news is that while the healthy economy is generating sustained interest in buying a home this spring, sales are lagging year-ago levels because supply is woefully low, and home prices keep climbing above what some would-be buyers can afford.”
    Here’s a closer look at some k ...

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    Tuesday, April 24, 2018   /   by Carlos J Higareda

    Local Market Review: March 2018 Housing Data

    March 2018
    Local Market Review: March 2018 Housing Data

    Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

    Pending Sales: increased 30.5 percent in March, and increased 13.0 percent for the quarter**
    Closed Sales: decreased 7.5 percent in March, 0.2 percent for the quarter
    Median Sales Price: up 11.2 percent in March to $173,500
    Average Sales Price: up 10.6 percent in March to $209,313
    New Listings: decreased 8.8 percent in March, and dropped 7.5 percent for the quarter
    Months of Inventory dropped to 1.9**


    source: MIBOR Realtor Association 

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    Thursday, March 15, 2018   /   by Carlos J Higareda

    Why Staging With Plants Draws More Buyers

    DAILY REAL ESTATE NEWS | THURSDAY, MARCH 15, 2018


    Wellness-minded millennials are filling their homes with clean-air houseplants, and real estate developers are realizing that a love for greenery can be used as an amenity to attract buyers. 

    Read more: Use Plants to Showcase a Healthier Home

    Millennials are looking for spaces to add indoor gardens. Real estate developers are jumping on the trend. The ARC in Long Island City, a 428-unit luxury rental building, allows its residents to use a 1,100-square-foot glass greenhouse where they can plant and grow their own vegetables and herbs.
    “It’s been a tremendous selling point to prospective tenants,” Scott Avram, senior vice president of development at Lightstone, told The New York Times.
    The Margo in Brooklyn features a living wall in the lobby and a rooftop garden with plots that tenants can use as their own gardens.
    “Wellness is a priority for our millennial-aged residents,” ...

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    Wednesday, March 14, 2018   /   by Carlos J Higareda

    3-D Printed Homes Are Becoming a Reality

    DAILY REAL ESTATE NEWS | TUESDAY, MARCH 13, 2018






    Could more future homes be 3-D printed? A San Francisco–based charity called New Story has partnered with construction technology company ICON to design a 3-D printer for building affordable homes across the globe in developing countries. The company is also showing off its 3-D construction progress in the U.S. 


    The companies have a 350-square-foot home in Austin, Texas, which they are touting as the first 3-D printed house in the country that has been built to the local building code.


    The home is serving as a prototype of what the future may hold. New Story and ICON’s 3-D home printer can print an entire 600- to 800-square-foot home that meets safe building codes in less than 24 hours. 


    “We feel it’s our responsibility to challenge traditional methods and work toward ending homelessness,” Brett Hagler, CEO and co-founder of New Story, told hypepotamus.com. &ld ...

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    Sunday, February 25, 2018   /   by Carlos J Higareda

    Local Market Review: Sales and Prices Increase in January 2018

    January 2018
    Local Market Review: Sales and Prices Increase in January 2018

    Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

    Pending Sales: increased 3.1 percent in January, 6.8 percent for the quarter
    Closed Sales: increased 5.3 percent in January, 3.8 percent for the quarter
    Median Sales Price: up 10.0 percent in January to $158,000
    Average Sales Price: up 5.6 percent in January to $192,732
    New Listings: decreased 3.8 percent in January, and dropped 3.0 percent for the quarter
    Months of Inventory dropped to 2.3

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