Jeff Guild served for more than 20 years as a U.S. Navy SEAL, with tours of duty in Afghanistan, Europe, South America, and Africa. When he decided to retire from the military, he used the GI Bill—which supports education and job training for vets—to transition into commercial real estate by taking CCIM designation courses.Former U.S. Navy SEAL Jeff Guild used CCIM Institute’s Veterans in Real Estate Program to transition into commercial r
A historic home in Montclair, N.J., is turning heads with a very tempting list price: $10.The 3,912-square-foot home with four bedrooms and two bathrooms, built in 1906, is one of 500 properties in the area designed by architect Dudley S. Van Antwerp. Historic homes designed by famous architects usually fetch high prices. In fact, the home was purchased in May 2015 for $1.4 million.So why the low list price now? Here’s the catch: The buyer must
Though rents are still rising across the country, the growth is slowing. Average monthly rents reached $1,350 nationwide in July, an uptick of only $1 since June and an increase of 2.6 percent from a year ago, according to data by Yardi Matrix.Supply is loosening up as a larger influx of new apartment buildings hits the market, helping to put a tighter lid on escalating rental costs. The RentCafé Blog reports that the largest jump in apartment c
Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent.“The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate, which rose 1 basis point to 3.93 percent,” says Sean Becketti, Freddie Mac’s chief economist. “Despite a strong advance estimate for second-quarter GDP, markets are erring on the side of caution."Freddie Mac reports the follo
Marriage and having children may be the life events that traditionally have prompted people to transition into homeownership. But for some millennials, the need for more space is particularly tied to their furry friends.A third of recent home buyers ages 18 to 36 say their decision to purchase was based on the desire for a larger property with a yard for their dog, according to a survey conducted by Harris Poll on behalf of SunTrust Mortgage. Whi
Homeowners living near a Trader Joe’s grocery store saw their property values increase an average 67 percent over five years, according to a study released by real estate data firm ATTOM Data Solutions. Owners close to Whole Foods—a trendier and pricier grocery option—didn’t fare as well, garnering 52 percent appreciation in home value over the same time period. Those with an Aldi nearby saw a 51 percent increase.The average home price ap
In an effort to keep smart homes and related devices on the internet secure, four U.S. senators have introduced a bipartisan bill to encourage vendors to conform to industry security standards.Bill S.1691, which has been referred to the Committee on Homeland Security and Governmental Affairs, is described as "a bill to provide minimal cybersecurity operational standards for Internet-connected devices purchased by Federal agencies, and for other p
Investors are increasingly turning their attention to student housing. The investment volume in student housing in 2016 jumped 64.5 percent year over year, compared to a 4.3 percent overall increase in the multifamily sector.Student housing still remains a relatively small portion of the multifamily sector, however. Student housing comprised 6.6 percent of total multifamily transaction volumes in 2016. But it’s soaring to record levels: In 2016
More Americans are staying put. The overall mobility of the U.S. population is at its lowest level and has fallen by nearly half since its most recent peak in 1985, The Wall Street Journal reports.Americans who live in rural areas are not moving. The rate of people who moved across a county line in rural America was just 4.1 percent, down from 7.7 percent in the late 1970s, according to The Wall Street Journal's analysis. The mobility rate in rur
Home shoppers can get hung up on cosmetic issues of a home, even though often times the problems are relatively inexpensive to fix.Buyers can easily get distracted by flaws or minor repairs, like the carpet or dated light fixtures. They may even let a sale fall apart because of it.Realtor.com® recently featured several potential home features that may jeopardize a deal, but really shouldn’t.Ugly kitchen cabinetsSure, the average kitchen remode
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