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Guaranteed Home Sold in 72 Days – Greetings Virginia Real Estate Sales Network

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Red vs. Blue States: What 8 Housing Differences Can Tell Us about the Election


By now, we’ve all come to grips with the fact that this is shaping up as the most monumental presidential election in (at least) a generation. The results in November will ultimately determine which way the Supreme Court will lean, who will be allowed into the country, how the nation will deal with Russia and China, even how we’ll pay for the roofs over our collective heads—or whether we’ll be able to. Conspiracy theories, email servers, taco bowls… Is there any aspect of American life that won’t be affected?

We’ve got it: It’s important. Even so, we’re getting a just a little bit played out, seeing that ever-changing electoral map every time we turn on CNN, Fox News, MSNBC—maybe even Syfy, Oxygen, and GOD TV.

It seems that every political wonk is obsessively fixated on that darn map, and whether Republican-voting states will remain red, Democrat-voting states will stay blue and where swing states will, well, swing in the upcoming election.

The data team here at realtor.com® has already examined the residential real estate and tax policies of both Democrat Hillary Clinton and Republican Donald Trump. So this time, we decided to indulge our other obsessions—digging deep into the differences in how folks in blue, red, and swing states (which we’ve not so creatively dubbed purple states) actually live.

Who has the biggest homes? How about the most expensive residences? And while we’re on the topic, where do millennials stand the best chance of becoming homeowners?

We looked at data from Nielsen Demographics, Nielsen Scarborough, and Nielsen Financial, as well as our own, of course, to come up with our findings. We used Politico‘s list of those critical 11 swing states where the election will likely be won or lost—Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin—as well as its lists of established red and blue states.


Our analysis confirmed some long-held beliefs about the differences between the Grand Old Party and the Democratic Party of Franklin D. Roosevelt. But it also upended some of our preconceived notions, and may provide some insight into why each candidate can inspire fervent devotion in some, and sheer, unadulterated terror in others.

“It speaks to the diversity that is America,” says realtor.com® Chief Economist Jonathan Smoke. “It’s really tough to see that there’s any one candidate who could appeal to all Americans. We reflect the cultures and the way of living from where we come from.”

So let’s head to the realtor.com electoral map!


red_states_blue_states_map

1. Which states have the most expensive homes?

It’s long been known that Democratic strongholds, largely based in the Northeast and California, tend to be wealthier. Lucky them! The median household income in those states is $62,564—about 23 percent higher than red states, where it’s $50,820, and 13 percent more than in swing states, at $55,524.

And on top of that, 1.4 percent of households in left-minded blue states bring home $500,000 or more, which makes sense when factoring in all those six- and seven-figure bonuses on New York’s Wall Street and tech fortunes in California’s Silicon Valley. The percentage of folks making half-a-mil-plus bank may not sound all that high, but it’s 133 percent more than the percentage in right-leaning states and 75 percent more than in purple states.

Since liberal state denizens are earning more, it’s not exactly a tremendous leap of logic that their residences are also worth more. The median home value is $301,000—a whopping 91 percent more than more conservative swaths of the country and 59 percent more than those middle-of-the-road regions of America. Hawaii has the most expensive homes, followed by Washington, D.C., and California.

The ultra-critical swing state of Ohio has the least expensive homes, followed by the red states of Indiana and Kansas.

“What we’ve seen is a migration of people to the coasts of the country. It’s for jobs, it’s for amenities,” says Rachel Meltzer, an urban policy professor at the New School, in New York. “[But] there’s only so much land to build on—so prices are going to go up if people keep wanting to live there.”

2. Which states have the most homeowners?

Despite those higher incomes in liberal parts of the U.S., homeownership is highest in red states, where it simply costs less. About 67.9 percent of households in Republican-supporting states are homeowners—compared to 63.5 percent in Democratic strongholds and 67.8 percent in swing states.

“Owning a home is more attainable in red states, because the cost difference [in home prices] is substantially more significant than the income difference,” realtor.com’s Smoke says. “[And] you also get more in terms of space.”

The state with the highest rate of homeownership was none other than Vermont, the blue-as-you-can-get home of onetime presidential contender Bernie Sanders.

And the city with the highest homeownership rate is in another liberal stronghold, San Jose, Calif. The Silicon Valley city is one of the most expensive markets in the nation, as the next big tech stars compete over the very limited number of homes on the market, pushing up prices. The median list price of homes is $767,000 in the city, according to realtor.com.

Washington, D.C., the blue district that isn’t quite a state, has the lowest homeownership rate, followed by New York. Miami, in the swing state of Florida, was the city with the lowest rate of homeownership.

Many buyers in red states may not be raking in a ton of dough, but achieving the American Dream of homeownership only requires them to fork over about 26 percent of their median household income. Meanwhile, it takes 32 percent of a household’s income to buy a place to live in a blue state.

In a purple state? It’ll run you about 25 percent of your income to purchase your own place.

3. Who’s paying the most rent?

Renting ain’t a cakewalk in the liberal swath of the nation either, at an average $1,381 a month.

That’s quite a chunk of change—52.1 percent more than those in red states, where tenants shell out an average $904 a month. And it’s 34.9 percent more than renters are paying in purple states, at $1,204 a month.

“The cost of housing is directly tied to how much land is available,” realtor.com’s Smoke says. “The parts of the country that have an abundance of land have the lowest housing costs.”

4. Where are the biggest homes?

Homes are biggest where land is cheapest—and property is the least expensive down South and in rural America. You probably knew that. And those areas tend to vote Republican. You probably knew that, too.

For example, the median red state listing is about 2,000 square feet—about 210 square feet larger than in more left-leaning states and 100 square feet larger than homes in purple states.

The largest homes in the United States? You’ll find ’em in the red state of Utah. But the two cities with the most spacious digs were in a swing state: Colorado’s Denver and Colorado Springs.

Meanwhile, the smallest median square footage can be found in bluer-than-blue District of Columbia. That’s followed by the Hawaiian Islands, where space understandably goes for a premium.

The city with the tiniest median digs is Miami. (Notoriously cramped cities like New York likely didn’t make the list, as the only data available was at the metro level, which factors in surrounding suburbs.)

5. Where do folks own the most second homes?

Blue state buyers may not own as many homes, but residents in those areas are 14 percent likelier to own a second home. Got that? They’re also 9 percent more likely to own real estate as an investment.

It makes sense, since as we noted above, these folks are raking in more dough than their peers in more conservative swaths of the country.

6. Which states have the oldest houses?

Since many of the blue state cities are older than their red peers, the housing stock also has quite a bit more history. About 19 percent of all houses were built in or before 1939 in left-leaning hubs. That’s 95 percent more than red states, and 36 percent higher than in purple states.

Think about it: New York and Boston were founded more than 200 years before metros like Atlanta and Dallas were established in the mid-1800s.

7. Which states have the most mobile homes?

Those living in conservative states are 33 percent more likely to live in mobile homes, often found in trailer parks. They’re also most likely to wind up in manufactured abodes made in factories.

The highest concentration of mobile and manufactured homes are based in the red—and poor—state of Mississippi. The metro with the highest percentage of these lower-priced residences is Jackson, Miss.

The fewest mobile homes? Washington, D.C., and the blue state of New Jersey. The city with the lowest percentage of these homes is super-expensive San Francisco.

8. Who has the most solar panels?

Liberal states tend to have more eco-friendly residents, who are 12 percent more likely to have solar panels installed on the roofs of their homes than those living in other states.

The most panels by sheer number were installed in the blue state of California, whereas Hawaii has the highest percentage of residences with the eco-friendly power source. Silicon Valley’s San Jose, CA, is the city with the highest percentage of homes with solar panels.

The fewest number of panels are in the red state of Wyoming. Memphis, Tenn., was the city where the smallest percentage of residents invested in them.

The bottom line?

“[The analysis] was a perfect statement of why there are such differences politically between red and blue states,” realtor.com’s Smoke says. “The way of life is clearly different between the two.”

This article was originally posted on www.Realtor.com.

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Time to Plan Your Fall Outing


NAR PULSE—Summer may be over, but fall is a great time to hit the road, especially for a long weekend getaway. You and your agents can save year round on car rentals with Budget®, a proud REALTOR Benefits® Program partner. From now until Oct. 31, get $10 off a 2-day weekend rental, in addition to saving up to 25 percent on base rates. See offer for terms and conditions. Click here to get started.

Credit Union Is Changing the Business Banking Landscape for the Better on Behalf of REALTORS®
REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union, has NAR members’ back in business banking, having recently led the charge bringing  escrow accounts to the credit union industry. Their Real Estate Escrow Checking Account for brokers’ earnest money deposits has no minimum balance and no monthly fees. The Credit Union is a proud partner in NAR’s REALTOR Benefits® Program. Learn more here.

September Is REALTOR® Safety Month
In honor of September being REALTOR® Safety Month, here’s a safety tip from the REALTOR® Safety Program: Social media usage has an impact on your safety. Carefully consider each item you share, and be aware that old posts, even if they’ve been deleted, may be copied or saved. See more at realtor.org/safety.

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Home Prices Continue to Accelerate


Home prices continued their rise across the country over the last 12 months, according to recent data from the S&P CoreLogic Case-Shiller Indices.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.1 percent annual gain in July, up from 5.0 percent last month. The 10-City Composite posted a 4.2 percent annual increase, down from 4.3 percent the previous month. The 20-City Composite reported a year-over-year gain of 5.0 percent, down from 5.1 percent in June.

Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities over each of the last six months. In July, Portland led the way with a 12.4 percent year-over-year price increase, followed bySeattle at 11.2 percent, and Denver with a 9.4 percent increase. Nine cities reported greater price increases in the year ending July 2016 versus the year ending June 2016.

Before seasonal adjustment, the National Index posted a month-over-month gain of 0.7 percent in July. The 10-City Composite recorded a 0.5 percent month-over-month increase while the 20-City Composite posted a 0.6 percent increase in July. After seasonal adjustment, the National Index recorded a 0.4 percent month-over-month increase, the 10-City Composite posted a 0.1 percent decrease, and the 20-City Composite remains unchanged. After seasonal adjustment, 12 cities saw prices rise, two cities were unchanged, and six cities experienced negative monthly prices changes.

“Both the housing sector and the economy continue to expand with home prices continuing to rise at about a 5 percent annual rate,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The statement issued last week by the Fed after its policy meeting confirms the central bank’s view that the economy will see further gains. Most analysts now expect the Fed to raise interest rates in December. After such Fed action, mortgage rates would still be at historically low levels and would not be a major negative for house prices.

“The S&P CoreLogic Case-Shiller National Index is within 0.6 percent of the record high set in July 2006. Seven of the 20 cities have already set new record highs. The 10-year, 20-year, and National indices have been rising at about 5 percent per year over the last 24 months. Eight of the cities are seeing prices up 6 percent or more in the last year. Given that the overall inflation is a bit below 2 percent, the pace is probably not sustainable over the long term. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt. Currently, outstanding mortgage debt on one-to-four family homes is 12.6 percent below the peak seen in the first quarter of 2008 and up less than 2 percent in the last four quarters. There is no reason to fear that another massive collapse is around the corner.”


“Despite recent data pointing to slower sales, home prices continue to rise faster than incomes in many areas,” says Quicken Loans vice president Bill Banfield. “Low inventory will continue to be a challenge for buyers looking for the right home and can cause those bidding to be more aggressive on the house they finally want to purchase.”

For more information, visit www.spdji.com.


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Jose Fernandez made wish come true for fan battling disease – on the day before he died


Less than 24 hours before Miami Marlins pitcher Jose Fernandez was tragically killed in a boating accident, one fan got an encounter with the player that she will cherish forever.

Read: Marlins Star Jose Fernandez Killed in Boat Crash Days After Announcing Girlfriend’s Pregnancy

Wheelchair-bound Cristina Llanes, 20, met her favorite player at Marlins Park, thanks to the Make-A-Wish Foundation Saturday afternoon.

Llanes, who suffers from a debilitating disease that has limited her mobility, was transported to the stadium by Miami Fire Rescue to meet Fernandez.

The charismatic player told the young lady: “We’re going to try to win today. You know the other team is really good.”

She told CBS after the encounter: “It was a huge surprise. I didn’t expect that at all. It was a huge experience. It felt like a dream come true.”

Llanes, who used to go to games with her dad, said that she has been a fan of No. 16 since his rookie year in 2013.

The Cuban-born athlete gave the girl a signed bat and jersey and spent time with his biggest fan and her family.

SEE ALSO: Marlins’ manager sobs as he remembers José Fernández’s infectious joy

“He just spoke to me like, it was great to meet me and talked about the experience, and how he became a Marlin,” she told CBS.

On Sunday morning, she heard the news of his untimely passing and told CBS: “I’ve been sad. He’s in a different place now. I could feel what they’re feeling, especially his teammates, his family, his friends, especially his mom and his grandmother.”

On Monday night, the Miami Marlins will play their first game since his death and every player and member of the coaching staff will be wearing his number, in honor of their star.

After Fernandez’s death, the Marlins cancelled their game against the Braves in Atlanta. The team will take on the New York Mets in Miami Monday.

Read: Corrections Officer Gives Up His Badge to Embark On New Career in Professional Baseball

The team is also honoring their star with his number on the pitcher’s mound.

On Monday, Major League Baseball took to Twitter to pay tribute to the fan favorite in a montage video as well as his jersey hanging up inside Marlins Park.

Fans have come out to create makeshift memorials outside the stadium to pay tribute to the star.

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Was Johnny Depp behind Brangelina split? Biographer says Jolie has crush on 'Pirates' star


This secret Malibu hideaway may be the latest evidence that Angelina Jolie has been preparing to part ways with Brad Pitt for quite some time.

Inside the home, which includes a pool and costs a reported $95,000 a month, are five bedrooms and a spacious war room where the Maleficent actress is said to be strategizing her custody battle with Pitt.

Read: Brad Pitt’s Son Maddox Stepped In to Defend Mom Angelina Jolie During Plane Fight: Reports

Her new home is in a very secluded gated neighborhood in Malibu favored by stars who value privacy. Neighbors include Sean Penn, Julia Roberts and Matthew McConaughey. Jolie rented the house fully furnished about a month ago, suggesting that her divorce filing has been a long time coming.

See photos of Angelina Jolie and Brad Pitt together:




Andrew Morton, author of Angelina: An Unauthorized Biography, told Inside Edition: “The latest word is that Angelina’s deleted Brad from her mobile phone as a sign of how much he’s been frozen out.”

He says that the actresses’ brother, James, who helps her care for her five children, is trying to save the marriage.

“I’m hearing that Jamie, Angie’s brother is making quiet attempts to effect a reconciliation,” Morton said. “He’s the one man on the planet who has her trust, her complete trust.”

He says the Salt actress wanted to have an open marriage and has had a secret crush on another Hollywood superstar for years.

Read: Author Says Brad Depicted as Bad Guy Against ‘Explosive’ Angelina: ‘It’s Her Way or the Highway’

“Members of her family and friends have said she has always had a crush on Johnny Depp, so watch this space if she and Johnny Depp get together in the future,” Morton claims.

Both Jolie and Depp starred together in 2010’s Golden Globe nominated film, The Tourist.

Pitt is said to be in “agony” over the split.

Watch: An Inside Look at Brad Pitt and Angelina Jolie’s 12-Year Relationship

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