Real Estate

Don’t Count on a Price Drop to Reignite a Listing

NAR Daily News Magazine - May 29, 2019 - 1:00am

Dropping the asking price later on is unlikely to regain the appeal the home had when it was first listed, a new analysis finds.

Categories: Real Estate

Amazon Swoops in on America’s Shopping Malls

NAR Daily News Magazine - May 29, 2019 - 1:00am

The online retail giant was once blamed for driving local shopping malls out of business. Now, it has its eyes on reinventing them.

 
Categories: Real Estate

885M Mortgage, Title Docs Exposed in Data Breach

NAR Daily News Magazine - May 28, 2019 - 1:00am

Bank account numbers and statements as well as Social Security numbers were among the information exposed online.

Categories: Real Estate

Home Prices Fall in One in Five Metros

NAR Daily News Magazine - May 28, 2019 - 1:00am

“In a lot of markets, buyers are hitting an affordability ceiling,” says realtor.com®’s chief economist.

Categories: Real Estate

Landlords Charging More for Single-Family Rentals

NAR Daily News Magazine - May 28, 2019 - 1:00am

Rents for lower-priced homes are increasing at a faster clip than those of higher-priced rental properties.

 
Categories: Real Estate

Should Parents Charge Rent to Their Adult Children?

NAR Daily News Magazine - May 28, 2019 - 1:00am

Financial experts say it’s a wise move to help “teach your kids to budget, to prepare for life.”

Categories: Real Estate

More Buyers Believe Their Home Search Will Get Easier

NAR Daily News Magazine - May 28, 2019 - 1:00am

Consumers expect increases in inventory to relieve some of the pressure to find the perfect home, a new survey shows.

Categories: Real Estate

Petty Issues That Can Disrupt Deals

NAR Daily News Magazine - May 28, 2019 - 1:00am

One transaction was nearly scuttled because of a disagreement over a $100 foosball table. Read about more frivolous problems agents have seen.

Categories: Real Estate

Smart Homes Offer Convenience but Can Also Compromise Privacy

Daily Real Estate News - May 27, 2019 - 4:01pm

(TNS)—You walk into your house and the lights automatically dim, your favorite song begins to play and the air gets slightly cooler. Upstairs, your steam bath is already prepared and your blinds are closing.

This is not a far-off fantasy, but rather the high-end of high-tech homes, also known as smart homes. An all-inclusive system like this, where face recognition sets off a chain of events via embedded sensors and the internet to create the optimal home experience for each household dweller, can cost up to $300,000, says Emil Hartoonian, real estate agent at The Agency in Los Angeles. This type of hardware and internet connectivity is known as the Internet of Things, or IoT.

These futuristic bells and whistles are practically essential for today’s upscale real estate buyer. Along the way, smart-home technology has transformed the way people view their homes: instead of a static entity that’s manually operated, it’s a personalized, automated unit. Customized systems like this usually come with their own server, located in the house, and require professional installers to set it up.

“From the lighting to the sound, to the fireplace and window treatments, you can do all of this on your phone before you arrive,” Hartoonian says. “Once you get used to it, it’s hard to live without it. Buyers most certainly look for it in their next home.”

Millionaires aren’t the only ones benefiting from today’s tech.

Up Your Home’s IQ Game on a Smaller Budget
The off-the-shelf version of customized smart-home technology is budget-friendly and can typically be installed yourself. You can still do things like automate lights and the thermostat with plug-and-play devices that you can buy at Target, Home Depot or online.

Products like the Amazon Echo, Google Assistant and Siri are basically smart speakers that are controlled by virtual assistants. They only require a power source and a Wi-Fi connection. They can do everything from answer questions and provide information (sports scores, traffic updates and the closest pizza delivery) to make calls, send and receive messages and play music. For less than $100, you can essentially go hands-free with tasks you would normally rely on your computer or cell phone for.

Devices like Nest offer comprehensive home-security solutions, which connect home cameras, keyless entries and carbon monoxide and smoke detectors to your smartphone interface. You can set up Nest to unlock your doors from anywhere in the world. Couple that ability with other features like outdoor cameras, and this connected tech can solve real-life problems.

For example, imagine hiring a plumber to fix a leaky pipe. With technology like Nest, you can identify the plumber on your doorbell camera and let them in remotely—and then lock the door once they leave, all from your phone.

Notion, a Denver-based tech company, offers wireless home protection which allows people to monitor water leaks, gun and liquor cabinets, temperature changes and doors opening and closing.

“We realized people wanted to protect their entire home, so we made a device that can monitor eight different things,” says Brett Jurgens, co-founder and CEO of Notion.

Notion offers solutions that can help curb major damage to your home. For instance, there’s a water-leak detection feature. By getting an early warning, a homeowner can react quickly and prevent a flooded basement or first-story ceiling disaster.

Notion leveraged their ability to detect leaks via monitors and notify homeowners to partner with insurance companies, Jurgens explains. The insurance companies Notion teamed up with will give users a discount if they install Notion in their homes. This benefits both the insurance company and the homeowner, Jurgens points out.

Smart, Yes, but What About Private?
The convenience of Siri reminding you about your coffee date or settling a debate about who won the Grammy for best album in 2009 are balanced with security and privacy issues, says David Mazieres, a computer science professor at Stanford University.

He explains that most of the off-the-shelf solutions, like Google Assistant and Echo, mean going through the cloud, which puts users at risk of getting hacked. This can be especially dangerous if you have multiple devices hooked up to one system. If a hacker can gain access to that system, then they can ostensibly control your doors and cameras while collecting private information.

There’s also the risk of mining the data to sell or use it to sell you things. These companies might or might not have privacy policies and they might or might not abide by them, Mazieres says, citing Facebook’s infamous problems with privacy over the past decade as one example of how companies can benefit from and even abuse your private data.

“These companies might reveal things about you that you don’t want revealed. I think a lot of people think they don’t have anything to hide and that works fine until something changes,” he says.

One way people can find out if their connected devices are sharing data is through spy apps, like the one created by Princeton University called IoT inspector. This is an open-source tool that analyzes network traffic to show users whether their Wi-Fi cameras, doorbells, thermostats or any other connected device are sharing information with a third party.

According to their blog, the IoT Inspector has revealed third-party sharing activity from companies like Chromecast and Geeni (a smart light bulb), even when the devices were not actively being used. Chromecast was sending data to Google, while Geeni was constantly sharing data with China-based IoT company TuYa Inc.

Mazieres recommends that consumers weigh the risks and rewards of the technology they’re bringing into their home. For example, an outdoor camera is fairly innocuous as it basically just records street noise; however, indoor cameras and devices that are made to listen to everything that’s said inside your house (even when not in use)—including private conversations—could compromise your privacy with relatively little benefit.

© 2019 Bankrate.com
Distributed by Tribune Content Agency, LLC

The post Smart Homes Offer Convenience but Can Also Compromise Privacy appeared first on RISMedia.

Categories: Real Estate

Industry Mourns Death of Ken Harney

NAR Daily News Magazine - May 24, 2019 - 1:00am

The real estate columnist had a career that spanned more than four decades.

Categories: Real Estate

Are College Grads Too Optimistic About Their Lifestyles?

NAR Daily News Magazine - May 24, 2019 - 1:00am

University graduates under 30 strongly believe they’ll live just as well as or better than their parents, despite evidence that suggests otherwise.

Categories: Real Estate

Deadly Tornadoes Rip Through Midwest, Shredding Homes

NAR Daily News Magazine - May 24, 2019 - 1:00am

“The last 24 hours have been devastating for our community,” the Jefferson City Area Board of REALTORS® posted on its Facebook page.

Categories: Real Estate

Mortgage Rates Drop for Fourth Straight Week

NAR Daily News Magazine - May 24, 2019 - 1:00am

The decrease is particularly enticing to higher-end buyers who are rushing to lock in the low rates.

Categories: Real Estate

Consumers Say Housing Is a Strong Financial Investment

NAR Daily News Magazine - May 23, 2019 - 1:00am

Renters are more eager to buy, and current homeowners want to invest more in their properties, according to a new Federal Reserve survey.

Categories: Real Estate

More Homeowners Consider Adding a ‘Granny Flat’

NAR Daily News Magazine - May 23, 2019 - 1:00am

Home improvement professionals say they’re fielding more inquiries from homeowners about adding accessory dwelling units to their properties.

Categories: Real Estate

Survey: Tax Changes Haven’t Held Buyers Back

NAR Daily News Magazine - May 23, 2019 - 1:00am

Less than half of home buyers say the tax law, which put caps on deductions related to homeownership, is influencing their property search.

Categories: Real Estate

3 Design Tricks to Enlarge Small Outdoor Spaces

NAR Daily News Magazine - May 23, 2019 - 1:00am

Is your listing’s yard tight on space? Use these tips to make it appear less cramped.

Categories: Real Estate

Renters’ 10 Most-Requested Amenities

NAR Daily News Magazine - May 22, 2019 - 1:00am

Some items may have been traditionally considered “nice to have” but are becoming “must-haves.”

Categories: Real Estate

Baby Boomers: Who Needs to Downsize?

NAR Daily News Magazine - May 22, 2019 - 1:00am

A growing number of seniors are choosing to remain in the homes where they raised their children, according to a new survey.

Categories: Real Estate

Freddie: Mortgage Rates Won’t Go as High as We Thought

NAR Daily News Magazine - May 22, 2019 - 1:00am

Combined with a strong labor market, low unemployment, and modest wage growth, housing may get a boost this year.

Categories: Real Estate
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