Your Real Estate Dream Team - Show 394

Real Estate Today Radio - SHOW 394

On this week's Real Estate Today, it's our special show "Your Real Estate Dream Team."

This Week's Show Includes:
- Top News Of The Week
- No Respect
- You
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Sprawling east-side RCA site finally could be ripe for redevelopment

The city is seeking bids to demolish the headquarters building at the northeast corner of Michigan and LaSalle streets, potentially clearing the 49-acre property for reuse.

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Home Values Rise for 48th Straight Month

Home values across the country continue to rise, up 5 percent over the past year to a median home value of $187,300.

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Appraisal Issues Affecting Sales Numbers; New Loan App; Potentially Significant Price Trend Shift

" Frustratingly low inventory levels in many parts of the country" take the blame from the National Association of Realtors® (NAR) for a drop in July existing home sales, the first loss after four straight months of gains. Resales of single-family homes, townhomes, condos, and co-ops were 3.2 percent below the level of sales the previous month and were slower on an annual basis for the first time since last November, coming in 1.6 percent below the rate in July 2015. Completed home sale transactions were at a seasonally adjusted annual rate of 5.39 million in July compared to 5.57 million in June and 5.48 million in July of last year. It was only the second time in 21 months that sales failed to better their year-earlier numbers. The numbers were below even the lowest of analysts' estimates

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One of downtown’s oldest buildings has new owner

Pinnacle Solutions is finishing up a $2 million renovation on the structure along East Washington Street and plans to move in on Sept. 1.

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Rates Steady to Slightly Lower; Delinquency Seasonality; More and More "Built-for-Rent"

Mortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved then? Part of the reason is the timing of Friday's market movements and lender rate sheet release times. Markets deteriorated after most lenders posted rates on Friday, but few lenders went to the trouble of raising rates during the day. Lenders that held steady on Friday would have likely posted higher rates today. But because of the market improvement, they were able to stay in line with Friday's offerings or improve just slightly. Later in the week, we'll hear from Fed Chair Yellen at Jackson Hole. This is one of those events that has high POTENTIAL to cause market movement, but not necessarily a guarantee . Between now and then, rates are

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Master Bathroom Remodels Are Going High-Tech

By Melissa Dittmann Tracey, REALTOR® Magazine

Home owners are increasingly investing to create luxurious, modernized master baths, according to the 2016 U.S. Houzz Bathroom Trends Survey of more than 2,100 home owners who are planning or recently completed a bathroom renovation project.

Of those surveyed, 20 percent say they are updating the toilet; 12 percent are updating a tub; and 9 percent are updating a shower with high-tech features.

High-tech toilet features home owners say they’re incorporating include self-cleaning functions, motion-activated seats, or built-in nightlights. Popular high-tech bathtub features are built-in lighting, heated backrests, and scented mist dispensers. The survey also showed the most popular high-tech shower updates are mood lighting, digital controls, and built-in sound.

Other popular luxury features that home owners say they’re spending on are rainfall showerheads (among 54 percent of those updating showers); bathtubs with room for two (20 percent of those upgrading tubs); adding chandeliers (17 percent of upgraded light fixtures); and bidet-equipped commodes (6percent of upgraded toilets).

Photo by ART Design Build – Look for contemporary bathroom pictures

Photo by dSPACE Studio Ltd, AIA – Discover contemporary bathroom design inspiration

Photo by Phil Kean Designs – Search contemporary bathroom design ideas

Home owners surveyed who recently completed a project say they most wish they had installed radiant heating, towel warmers, and super-sized showers during their bathroom renovations.

Of the remodeling home owners surveyed, two in five say they spent between $10,000 to $25,000 on master bathroom renovations. Another one-third surveyed said they spent more than $25,000.

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