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The Markets That Are Millennial-Ready: Report

The generation with the highest influence in the market is millennials—and, according to a new report, the cities most popular for them are in the Mid-Atlantic and Midwest. Analysts assessed data from LendingTree about millennial mortgage inquiries and offers in the past year, determining that Buffalo, Des Moines and Pittsburgh contained the most borrowers from Generation Y. In Buffalo, millennials made 40.5 percent of LendingTree purchase requests; in Des Moines, they made 42.4 percent of requests; and in Pittsburgh, they made 41.9 percent of requests. In addition to the top three, other cities with concentrations of millennials are (in order) Lansing, Mich., Fort Wayne, Ind., Grand Rapids, Mich., Scranton, Pa., Syracuse, N.Y., Youngstown, Ohio, and Minneapolis, Minn. “From a housing market perspective, tight inventory is boosting prices in many markets, and millennial homebuyers must now contend with rising mortgage interest rates reducing their buying power,” says Tendayi Kapfid...
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New home sales continue upward course in June

New home sales increased in June, continuing the upward trend which began in May. Home prices finally decreased during June as total housing supply and the month’s supply at the current sales rate both decreased. from real estate news and flip houses http://bit.ly/2vIWmzD Real Estate Investing News proudly brought to you by Real Estate Sales LLC . Your Real Estate Investing Expert Coach
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Video Spotlight: Uncovering the Home Valuation ‘Mystery’

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Nothing is more powerful for a real estate professional than the ability to arrive at an accurate price—a skill, for many, honed through years of experience. REALTOR® Arrian Binnings, with Payton + Binnings, Pacific Union International in San Francisco, Calif., employs a faster approach to uncover the ‘mystery’ behind home valuation: HouseCanary . Binnings leverages the company’s offerings for everything from sharing data-backed information with buyer clients to selecting comparable homes, combining his know-how with the company’s pin-point predictive analytics. “The No. 1 advantage you can have in the real estate marketplace…is understanding what a home is worth,” says Binnings in the video spotlight below. “That’s the No. 1 question on everyone’s mind—it’s the mystery of a real estate transaction until a negotiation is actually carried through. “I love starting with the HouseCanary platform. With HouseCanary, they’re not trying to tell us what the number is; they’re trying to give...
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