Marking PAR’s 100th Anniversary: Past President Stanley Lesniak
“I think it’s important for more Realtors® to get involved in their local, state and national associations because this is the future of our business,” said PAR Past President Stanley Lesniak.
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Coronavirus’ Impact on Real Estate
As a professional who is interacting with many people day in and day out, how can you protect yourself from coronavirus?
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Research Shows Pet-Friendly Rentals May Be More Profitable
A new report shows that rental units that allow pets are able to charge a premium between 20% and 30% of the average rent of the area.
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2020 Expected to be a Good Year for Buyers with Mortgages
2020 is starting on a strong note for buyers; 30-year fixed mortgage rates, which were 5.09% at the beginning of 2010, dropped to 3.74% by the end of 2019.
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NAR Reports How Race Impacts Homeownership
While homeownership in the U.S. is on the rise, reaching 65.1% at the end of 2019, there is still a large discrepancy in homeownership rates across ethnicities.
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Harrisburg Named One of the Toughest U.S. Markets for Buyers
“We have seen this through our market place. Although listing inventory has stabilized in the market place from this time last year, average days on market has decreased by almost 30% to 42 days. If a buyer comes to market to buy a home, they will most likely be competing and will need to make a quicker decision to have a chance. No more ‘we want to sleep on it,'” said Adrian Smith, president-elect of the Greater Harrisburg Association of Realtors®.
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Foreclosure Rates Rise After 2019’s Record-Breaking Low
In January 2020, foreclosure filings rose 13% from December 2019 and 7% from January 2019.
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Couples Report: Homeselling, Buying Caused Romantic Tiffs
More than three-quarters of Americans who purchased a home in the past 10 years said they argued with their partner about the process, while 71% who sold a home with a partner in the last decade said they had disagreements about selling during that time period.
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Nearly Half of Homeowners Report Plans of Moving Over Next Decade
The main reason owners are moving? Thirty percent said they are looking for a lower cost of living, 28% want better job opportunities and 21% said they want to be closer to their children.
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Solar Leases: Landowners Beware
Payment provisions for commercial solar project leases are far from the only issue that needs to be addressed in lease negotiations. Some of the more serious issues presented include restrictions on the landowner’s use of the land, how much of the land will actually be utilized once the solar project comes to fruition (as this is often the basis for determining the payments) and what are the requirements for restoring the land once the solar lease terminates.
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