When my wife and I moved to Portland at the end of 2014, we knew it was going to be a fun adventure, but we did not know if Portland was going to be our forever home. We rented for a year, then bought a home which we owned for about a year, then moved to California. It turns out, we are not alone. The trend for “vacation moves,” moving to a city for an extended period but not looking at it as a forever home, is on the rise thanks the Millennial generation. Continue reading
If you read any article about the top cities to live in or top growing cities in the United States, you are bound to find a Colorado city on the list. Denver is one of the fastest growing large metro areas in the country, with tens of thousands of new residents flocking to the city annually in search of sunshine and ski slopes, but that doesn’t come without growing pains.
Thanks to an old law often referred to as the “construction defect law,” if two condo owners in a building or development join forces, they could turn a lawsuit into an expensive class action complaint. The intent of the law is good, but the problems it causes have created ripples into the cost of housing in the growing metro area. Continue reading
Real Estate Agents have lost their jobs, they just don’t know it yet. The real estate industry is on its last gasps. The ramifications from the agreement made by NAR and the local MLS associations, making the choice to give listing information to Zillow, was the beginning of what will be a slow, painful, and inevitable death to the Real Estate Services industry. Continue reading
In the Great Recession just a decade ago, homes were sitting empty around the country as homeowners defaulted on mortgages, encountered foreclosures, and sent the nation’s real estate markets into a downward spiral. Now some cities are being hit with an opposite problem: too many qualified buyers for too few houses. The number of homes for sale has fallen over the last year, and as spring and summer buying seasons kick into high gear, some would be homeowners are in for a big surprise. Continue reading
Roofing is not an exciting aspect of real estate to most people, but that may change with new developments from Tesla. Tesla is most known for its electric sports cars, but the company, led by entrepreneurial visionary Elon Musk, is trying to completely change how power grids works around the world. At the center of it is a giant battery and new roofing tiles that may show up shortly on your neighbor’s roof! Continue reading
A particular home shows up on popular real estate website Zillow with a Zestimate of $551,252, a fair estimate of the value by some measures. But the owner doesn’t think Zillow is even in the right ballpark, as the home last sold for $626,000. Unfortunately for Zillow, the owner of that home is a lawyer, and she decided to sue Zillow over its valuation of her suburban Chicago home. Continue reading