Oct 05
For 10 Weeks, Mortgage Rates Stay Below 4% Thirty-year fixed-rate mortgages continue to hold below 4 percent, often an attractive lure for home buyers and refinancers. “In contrast to the volatility in equity markets, the 10-year Treasury rate — a key driver of mortgage rates — varied just a little more than 10 basis points …
Oct 01
‘Tiny Condos’ Draw Millennials to Ownership Real estate developers are hoping to entice young professional renters into home ownership by wooing them with tiny, more affordable condos. Downtown Washington, D.C. serves as one example of the tiny condo movement’s gain in momentum. “They definitely notice it’s smaller, so it is an explanation; it takes …
Sep 30
Are Higher Home Prices Spooking Buyers? Contracts to buy homes dropped nationwide in August, as home prices continued to inch upward, the National Association of REALTORS® reports. Modest increases in pending home sales in the West were offset by declines in all other regions last month. Pending Home Sales By Region Northeast: pending home …
Sep 29
4 Costly Mistakes When Building New When building a new home, home buyers may quickly find themselves over-budget and over-stressed. U.S. News & World Report recently highlighted some of the most common financial mistakes when building a new home: 1. Don’t overbuild. “I meet potential clients in my office almost weekly who tell …
Sep 28
The Top Exterior Finishes for New Homes Are… Vinyl is the clear champ when it comes to the most widely used exterior on new homes, shows Census Bureau’s Survey of Construction and an analysis by the National Association of Home Builders. In 2014, the latest data available, vinyl (including vinyl-covered aluminum) was the …
Sep 25
Home Values Pull Up in More States Home values in 29 states and the District of Columbia are within their historically normal range, according to Freddie Mac’s latest housing index. The Multi-Indicator Market Index now stands at a value of 81, indicating a national housing market that is on its outer range of stable …
Sep 24
In Winter, These Housing Markets Are Hot As temperatures cool, many housing markets across the country also see a thaw in sales. In fact, 80 percent of U.S. counties see a slowdown in the time it takes to sell a home starting in September, according to realtor.com®. But a few markets buck that trend. …
Sep 23
Real Estate Ads Target Instagram, Snapchat Do Instagram and Snapchat represent the new frontier for real estate marketing? Both companies recently started to integrate advertisements into their social platforms, opening up new avenues for real estate companies to reach the coveted millennial demographic of home buyers. Last month, Instagram announced that for the first time, …
Sep 22
Economists Bullish on Single-Family Rentals The single-family rental market will continue to stay strong for years to come, according to Frank Nothaft, chief economist for CoreLogic and former chief economist at Freddie Mac. Nothaft is bullish on the sector because the largest demographic cohort are 22- to 25-year-old millennials who are getting ready to …
Sep 21
Buyers Leverage More Tech in Home Searches Buyers Leverage More Tech in Home Searches Daily Real Estate News | Friday, September 18, 2015 House-hunters are increasingly turning to the Internet for their home search, but they still say they need a real estate agent’s expertise, according to the National Association of REALTORS® Real Estate …
Sep 18
Housing Affordability Takes Another Dip As rising home prices continue to outpace income gains, Americans across the nation are finding it harder to buy, according to the National Association of REALTORS®’ latest reading of its Housing Affordability Index. The median price for a single-family home in the U.S. is up 5.8 percent from a …
Sep 16
College Major as Predictor of House Prospects? Graduates’ college major may have a lot to do with how much home they can afford later on, according to a new analysis by realtor.com®. For example, for engineering majors, they’ll likely be successful in the housing market. Out of 300 majors evaluated by realtor.com®, petroleum engineers …
