Category: Business » Real Estate

Student Debt Delaying Millennial Homeownership by 7 Years

19 Sep 09:17 | U.S. News

Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.read more »

Existing-Home Sales Slide 1.3 Percent in July

25 Aug 2017 | U.S. News

Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the South and West, according to the National Association of Realtors.read more »

Pending Home Sales Recover In June, Grow 1.5 Percent

1 Aug 2017 | U.S. News

After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors.read more »

More Millennials List Dogs Than Marriage Or Children As Factor In Home-Buying Decisions

27 Jul 2017 | U.S. News

A third of millennial-aged Americans (ages 18 to 36) who purchased their first home (33%) say the desire to have a better space or yard for a dog influenced their decision to purchase their first home, according to a new survey.read more »

Existing-Home Sales Retreat 1.8 Percent In June

25 Jul 2017 | U.S. News

Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors. Only the Midwest saw an increase in sales last month.read more »

Mortgage Rates Continue To Rise

7 Jul 2017 | Business

Mortgage rates nudged higher for the third week in a row, as the benchmark 30-year fixed mortgage rate rose to 4.16 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Inch Higher

30 Jun 2017 | Business

Mortgage rates were slightly higher for the second week in a row, as the benchmark 30-year fixed mortgage rate rose to 4.07 percent, according to Bankrate.com's weekly national survey.read more »

Mortgage Rates Nudge Higher, But Remain Near 7-Month Lows

23 Jun 2017 | Business

Mortgage rates were slightly higher this week, as the benchmark 30-year fixed mortgage rate rose to 4.05 percent, according to Bankrate.com's weekly national survey. read more »

Existing-Home Sales Rise 1.1 Percent In May; Median Sales Price Ascends To New High

22 Jun 2017 | U.S. News

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors. read more »

The 10 U.S. Cities Where The Cost Of Living Is Rising Fastest

20 Jun 2017 | U.S. News

American household debt totaled a record $12.73 trillion as of March 2017, so cost of living concerns are more pertinent than ever.read more »

May's Brisk Home Sales Set Post-Recession Records

19 Jun 2017 | U.S. News

After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6% from the previous month and 4.3% from May 2016, according to the RE/MAX National Housing Report. read more »

Mortgage Rates Hovering At 7-Month Lows

16 Jun 2017 | U.S. News

Mortgage rates were little changed this week, as the benchmark 30-year fixed mortgage rate inched lower and remains at the lowest level in seven months according to Bankrate.com's weekly national survey. read more »

5 Root Causes For U.S.'s Depressed Homeownership Rate: New Study

12 Jun 2017 | U.S. News

Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.read more »

Millennials The Most Resolute Homebuyers In Current Economic Environment

8 Jun 2017 | U.S. News

Millennials all over the country are flocking to purchase new homes, especially single family homes, according to recent research from TD Bank.read more »

Mortgage Rates At Lowest Since Mid-November

2 Jun 2017 | Business

Mortgage rates fell for the third week in a row, with the benchmark 30-year fixed mortgage rate falling to the lowest level in more than six months, according to Bankrate.com's weekly national survey. read more »

Existing-Home Sales Slip 2.3 Percent

30 May 2017 | U.S. News

Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtorsread more »

Foreign Buyers And Immigration Expected To Drive Future Demand For U.S. Housing

22 May 2017 | U.S. News

U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices, according to experts.read more »

Mortgage Rates Slide To 5-Month Low

19 May 2017 | Business

With a flurry of news breaking in Washington, mortgage rates moved to the downside with the benchmark 30-year fixed mortgage rate falling to a five-month low of 4.15 percent, according to Bankrate.com's weekly national survey.read more »

April Home Sales Cooler Than Typical Spring Season

17 May 2017 | Business

The brisk start to the 2017 home-selling season slowed down in April with home sales dropping 4.1% below March and 4.5% below the previous April, according to this month's RE/MAX National Housing Report. read more »

Mortgage Rates Rebound Slightly

12 May 2017 | Business

After barely moving in the past 3 weeks, mortgage rates moved slightly higher this week, with the benchmark 30-year fixed mortgage rate now 4.22 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Dawdle Leading Up To Fed Announcement

5 May 2017 | Business

Mortgage rates were little changed leading up to this week's Federal Reserve announcement, with the benchmark 30-year fixed mortgage rate inching lower to 4.18 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Show Slight Rebound

28 Apr 2017 | Business

After falling for three consecutive weeks, mortgage rates reversed course this week, with the benchmark 30-year fixed mortgage rate now 4.19 percent, according to Bankrate.com's weekly national survey. read more »

Existing-Home Sales Jumped 4.4% In March

24 Apr 2017 | Business

Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors. read more »

Real Estate Economists Predict Moderate Growth Through 2019

21 Apr 2017 | Business

The U.S. economy and commercial real estate industry are, in general, expected to experience moderate growth through much of 2019, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate.read more »

Spring Homebuying Season Kicks Off Strongly As Prices And Sales Propel Higher

18 Apr 2017 | U.S. News

California's spring housing market posted a strong start to the year as existing home sales and median price registered healthy gains in March on both a monthly and annual basis, as did every major region in the state, the California Association of Realtors said.read more »

Immigrants' Strong Desire For Homeownership Will Shape U.S. Housing Markets

12 Apr 2017 | Business

The housing and neighborhood location choices of immigrants will have a significant impact on urban growth in the U.S. for decades to come, particularly as more foreign-born residents seek to own homes in suburban communities, according to new research from the Urban Land Institute's Terwilliger Center for Housing.read more »

Mortgage Rates Lowest Since Mid-January

7 Apr 2017 | Business

Mortgage rates fell to the lowest levels in nearly three months, with the benchmark 30-year fixed mortgage rate now 4.24 percent, according to Bankrate.com's weekly national survey. read more »

Airbnb Fans And Critics Both Correct In Home-Sharing Debate, Says Study

5 Apr 2017 | Business

Most Airbnb hosts in Manhattan make less than $10,000 a year, but hosts who rent out their homes for more than 90 days each year make $20,000 or more, generating 80 percent of the revenue, says a new study by Columbia University researchers.read more »

Fed Rate Hikes Affecting Homeowners

4 Apr 2017 | Business

Although the Fed's recent interest rate hike signals renewed confidence in our economy and job market, many homeowners and home equity line of credit (HELOC) borrowers are questioning how this increase will impact their loans. read more »

Mortgage Rates Show Little Change

31 Mar 2017 | Business

Mortgage rates were only slightly changed this week, with the benchmark 30-year fixed mortgage rate inching higher to 4.30 percent, according to Bankrate.com's weekly national survey. read more »

Home Prices Indices Set 31-Month High

29 Mar 2017 | U.S. News

The S&P Dow Jones Indices for January 2017 shows that home prices continued their rise across the country over the past 12 months. read more »

Mortgage Rates Reverse Course

24 Mar 2017 | Business

Mortgage rates slipped lower this week, with the benchmark 30-year fixed mortgage rate dropping to 4.29 percent, according to Bankrate.com's weekly national survey. read more »

Existing-Home Sales Stumble In February

23 Mar 2017 | Business

After starting the year at the fastest pace in almost a decade, existing-home sales slid in February but remained above year ago levels both nationally and in all major regions, according to the National Association of Realtors.read more »

Home Prices at New High in February Amid Record Low Inventory

20 Mar 2017 | U.S. News

February home prices reached a new high as steady demand combined with record low inventory drove prices up, according to this month's RE/MAX National Housing Report that surveys 53 metro areas.read more »

Mortgage Rates Hit Multi-Year Highs

17 Mar 2017 | Business

Mortgage rates increased for a third consecutive week, with the benchmark 30-year fixed mortgage rate rising to 4.44 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Jump To Nearly 3-Year High

10 Mar 2017 | Business

Mortgage rates increased for a second week in a row, with the benchmark 30-year fixed mortgage rate rising to the highest level since April 2014 at 4.38 percent, according to Bankrate.com's weekly national survey.read more »

Mortgage Rates Rebound Following President's Speech

3 Mar 2017 | Business

Mortgage rates moved up slightly from one week ago, with the benchmark 30-year fixed mortgage rate nosing higher to 4.31 percent, according to Bankrate.com's weekly national survey. read more »

Pending Home Sales Weaken In January

28 Feb 2017 | Business

Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, according to the National Association of Realtors.read more »

Mortgage Rates Slide Back

24 Feb 2017 | Business

Mortgage rates pulled back this week, with the benchmark 30-year fixed mortgage rate retreating to 4.29 percent, according to Bankrate.com's weekly national survey. read more »

Existing-Home Sales Jump In January

23 Feb 2017 | Business

Existing-home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors. read more »

When Home Buying, Selling And Renovating, It's An Animal House, Say Realtors

14 Feb 2017 | U.S. News

When making decisions about buying, selling or renovating their homes, Americans, by and large, take their pets' needs into account, according to a new report from the National Association of Realtors. read more »

Surrounding Real Estate Shows Increase In Value If Near Transit Station

13 Feb 2017 | U.S. News

A national meta-analysis led by a UTA researcher shows that single-family property increases only about 2.3 percent when located next to a transit station.read more »

Mortgage Rates Pull Back On Political Uncertainty

10 Feb 2017 | Business

Mortgage rates shifted into reverse this week, with the benchmark 30-year fixed mortgage rate sliding to 4.27 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Slightly Changed As Fed Holds Steady

3 Feb 2017 | Business

Mortgage rates were only slightly changed this week, with the benchmark 30-year fixed mortgage rate inching higher to 4.33 percent, according to Bankrate.com's weekly national survey. read more »

Mortgage Rates Return To Highest Level In More Than 2 Years

27 Jan 2017 | Business

Mortgage rates reversed course this week, unwinding the decreases seen over the previous three weeks and returning to the levels seen in late December that are the highest since September 2014. read more »

Existing-Home Sales Slide In December But 2016 Sales Best Since 2006

25 Jan 2017 | U.S. News

Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors.read more »

Most Expensive Home In The U.S. Lists For $250 Million

23 Jan 2017 | U.S. News

Major luxury developer Bruce Makowsky, known for curating, designing and bringing to life some of the most stunning homes in the country, has unveiled his greatest masterpiece, a brand new $250 million spec home located at 924 Bel Air Road in Los Angeles. read more »

U.S. Home Sales Finish Strong In 2016

18 Jan 2017 | Business

Capped off by a strong December, 2016 was the best year for U.S. home sales since the recession, according to the January 2017 RE/MAX National Housing Report. read more »

Mortgage Rates Slide To Start 2017

6 Jan 2017 | Business

Mortgage rates started off 2017 much differently than they finished up 2016 as mortgage rates pulled back, breaking a streak of nine consecutive weekly increases. read more »

Mortgage Rates Hit 27-Month High

23 Dec 2016 | Business

Mortgage rates climbed for the eighth consecutive week, with the benchmark 30-year fixed mortgage rate zooming to the highest level since September 2014 at 4.31 percent, according to Bankrate.com's weekly national survey. read more »

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