March 24, 2022
NAR Report: Millennials Make Up 43% of Homebuyers
In last year’s generational report, millennials made up 37% of homebuyers. Gen X, however, bought the most expensive...
March 23, 2022
Housing Values Doubled Since Great Recession
Analysis: 2021 price increases were “eye-popping,” and in one year.NEW YORK – Home values in the U.S. gained a record...
March 22, 2022
What Do Real Estate Brokers Expect this Spring?
A panel of brokers from across the country shared views on market changes and their expectations. For one, this spring...
March 21, 2022
NAR: Feb. Existing-Home Sales Drop 7.2%
Year-to-year, sales declined 2.4%. NAR’s chief economist calls it a “double whammy” for buyers who face rising mortgage...
March 18, 2022
Four Financial Tips for Buying a Second Home
Second homes are becoming more expensive, and house hunters should examine interest rates, upfront fees, maintenance...
March 17, 2022
Fed Fights Inflation: Boosts Interest Rates 1/4 Point
The expected interest-rate increase will raise short-term borrowing costs for things like credit cards, and it often has...
March 16, 2022
Top Tactic of Buyers to Win Bidding Wars? Cash
A Redfin survey of agents found all-cash offers 334% more effective in bidding wars – but escalation clauses and waiving...
March 15, 2022
Survey: Sellers Waiting Out Pandemic Are Ready to List
Owners who postponed selling during the pandemic – perhaps waiting for a sign that price increases were slowing – appear...
March 14, 2022
Mortgage Rates Regain Ground, Rise to 3.85%
Last week, a 30-year, fixed-rate loan averaged 3.76%; two weeks ago, it was 3.89%. Increases are still expected...
March 12, 2022
Cheaper to Rent than Buy? One Huge Caveat
In a handful of U.S. metros, studies say it’s cheaper right now to rent – but those studies assume renters must take any...
March 11, 2022
Nationwide rent index hits largest monthly gain in 35 years
American price pain isn’t limited to the gas pumps and grocery stores. The cost of rent is surging to new peaks as well,...
March 10, 2022
RE Q&A: Do I Really Need Title Insurance?
If you pay for a title search, why do you also need title insurance? And if I’ve never heard of anyone that had a title...
March 9, 2022
More buyers are closing home sales $100K above ask
Buyers aren’t simply opening their wallets to buy homes this year — they’re emptying out their pockets and car cup...
March 8, 2022
Great Recession Buyers Have Tons of Equity
Buyers who took a chance on a foreclosure or short sale around 2012 have seen values double or quadruple. But if they...
March 7, 2022
U.S. Net-Leased Commercial RE Had Record Year
JLL Capital Markets: 2021 marked a new record for net-lease transaction volume, which totaled $79.3B – up 39% over 2019...
March 5, 2022
3 Ways to Help ‘Invisible Credit Score’ Buyers
45M adults have thin or nonexistent credit scores. For many it’s because they don’t buy things using credit. To secure a...
March 4, 2022
Mortgage Rates Fall This Week to 3.76%
After flirting with 4% in Feb., the 30-year, fixed-rate mortgage dropped lower for the second week, hitting 3.76% from...
March 3, 2022
Is a $1M Home Still Considered Luxury Housing?
The world’s affluent population – those with $5M-plus incomes – grew 19.8% in 2021. In the U.S. it was 24.8% in both...
March 2, 2022
Aging Housing Stock Fuels Home-Improvement Boom
Lowe’s says same-store sales rose 5% in 4Q 2021, in part because the housing stock is aging and more frustrated buyers...
March 1, 2022
Will Sales Rise or Fall this Year? Experts Divided
Even experts don’t know what will happen. About half think rising costs and rates will deter buyers, but the other half...
February 28, 2022
NAHB: Jan. New-Home Sales Lower but ‘Still Solid’
New-home sales dropped 4.5% in Jan., but builders say demand remains strong. They blame supply-chain issues that...
February 26, 2022
NAR: Jan. Pending Home Sales Drop 5.7%
Buyers have difficulty finding a home, says NAR’s chief economist. He won’t be surprised to see demand decline given...
February 25, 2022
Mortgage Rates Drop a Bit this Week, Average 3.89%
A number of economic indicators suggest higher mortgage rates, but competition from refinancing homeowners also declined...
February 24, 2022
Competition Pushes Investors into Tertiary Markets
“Flyover country” is becoming “best place to invest in real estate” country as investors seeking higher yields focus on...
February 23, 2022
Nov. U.S. Home Prices Up 18.8% Year-to-Year
The increase in the top 10 and top 20 cities in S&P CoreLogic Case-Shiller Index’s was slightly less, but Phoenix,...
February 22, 2022
Dislike CFPB Rules? Ask Them to Change It
The nation’s consumer bureau says the public can now submit rule-making petitions directly, and they’ll be posted on...
February 21, 2022
Red-Hot Housing Market Torching Prefab Stigmas
Buyers are taking a second look at pre-fab housing as an affordable alternative since the site-built market remains...
February 19, 2022
NAR: Jan. Existing Home Sales Surge 6.7%
Pressured by a fear of rising interest rates, investors and families rushed to buy homes in Jan. as listings remained...
February 18, 2022
Tool Can Shorten Loan Processing by 15 Days?
Freddie Mac has a new “automated method” to analyze incomes based on direct deposits. Up to 93% of borrowers could see a...
February 17, 2022
Retail Sales Jumped in January, Another Sign of the Economy’s Resilience
Prices were rising fast, products were in short supply and the Omicron variant put a chill on the country at the...
February 16, 2022
How Much Will the Fed Boost Interest Rates?
While Federal Reserve members seem ready to raise interest rates in March, they don’t fully agree on how much. Some...
February 15, 2022
For Some, Smart Homes May Be Too Smart
Is the TV listening to me? Could a company get hacked and leak my doorbell videos? Smart devices make life easier but...
February 14, 2022
NAR 4Q: Most Metros Saw Double-Digit Price Growth
\67% of metro areas in NAR’s 4Q report saw double-digit price growth..WASHINGTON – The fourth quarter of 2021 saw home...
February 12, 2022
What Do 2022 Buyers Want? NAHB Lists Preferences
The pandemic continues to influence demand for outdoor amenities, bigger homes and the suburbs. But all ages still like...
February 11, 2022
Mortgage Rates Hit Two-Year High: 3.69%
After three fairly calm weeks, the average rate for a 30-year, fixed-rate mortgage rose to 3.69% from last week’s...
February 10, 2022
NAHB: Too Few New Homes and Rising Costs in 2022
At the International Builders’ Show in Orlando, economists said the industry has too few laborers, and interest rate and...
February 9, 2022
Don’t Shop Based on Mortgage Approvals
Buyers preapproved for a $375K home often look for a $375K home. But they’ll likely get to closing only if they consider...
February 8, 2022
NAR’s 2021 Buyer-Seller Report: Moving Earlier, Selling Quicker
Between July 2020 and June 2021, U.S. homes sold at a record pace. However, many owners didn’t stay in their home as...
February 7, 2022
Big Rent Increases Convince More People to Buy
More renters are wondering: “What happens next year if my rent went up $200 this year? And what do I have to show for...
February 5, 2022
Mortgage Rules Eased for Self-Employed Buyers
Fannie/Freddie started requiring extensive recent financial info from self-employed workers due to COVID, but some may...
February 4, 2022
Mortgage Rates Remain Stable This Week at 3.55%
After a notable increase for a few weeks, the average rate for a 30-year, fixed-rate mortgage stopped rising, remaining...
February 3, 2022
Record Number of Young Adults: “Mom? I’m Home”
In 2020, the share of 25-34-year-old adults moving home hit numbers not seen since 1960 – almost one out of five...
February 2, 2022
Institutional Home Investor Sees ‘Remarkable Results’
Blackstone, which invests in single-family homes and commercial property, had the “most remarkable results in our...
February 1, 2022
More Luxury Agents Should Understand Cryptocurrency
Many nuevo-rich buyers made money working with Bitcoin or other cryptocurrency, and they’ve shown a strong fondness for...
January 31, 2022
The IRS Wants (Requires) Your Photo?
Americans won’t need identification for basic tax services via the IRS website, but for some functions, such as a...
January 29, 2022
Fed Says It May Raise Interest Rates in March
In the face of persistent inflation, the Fed announced Wed. it would soon raise interest rates. That’s likely to push...
January 28, 2022
Dec. New Home Sales Up 11.9% Month-to-Month
Buyers worried about rising interest rates and home prices pushed new-home sales to a 10-month high in Dec.SILVER...
January 27, 2022
Spring Buying Season May Have Arrived Early
Home prices continue to rise and mortgage rates appear ready to follow. Some skittish buyers are jumping into the market...
January 26, 2022
Spouse vs. House? Single Women Buying More Homes
Two out of three single women – the second-largest buying group – don’t need wedlock to buy a home, with 71% willing to...
January 25, 2022
Loans for Condos? New Rules Start to Have an Effect
Fannie’s tighter loan requirements post-Surfside collapse started Jan. 1; Freddie’s start Feb. 28. In the meantime, the...
January 24, 2022
Single-Family Rents See Record Growth
U.S. rent grew 11.5% year-to-year, according to a CoreLogic index.NEW YORK – Property owners are charging more for their...
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