National News
Low housing inventory has troubled buyers since the end of the recession, and it doesn’t seem to be getting any easier to beat out the competition for a purchase. In fact, the number of homes for sale has now dropped
Tear-down starts are increasing to meet the rising demand for new single-family units, according to a new report from The National Association of Home Builders. The NAHB and Wells Fargo used their February 2017 Housing Market Index to track the
The Trump administration’s tax reform plan could have a negative effect on homeowners, but another key piece of the policy may especially hurt property investors. Though some experts have thrown cold water on the idea of a major tax overhaul passing
As home prices continue to rise nationally month after month, affordability is a major concern for people across the country. Rising costs are making it more difficult for many potential homeowners to find quality homes with an affordable mortgage. According to a
The median sales price hit a new high while the median days on market hit a new low, according to the National Association of Realtors. Total existing home sales increased 1.1 percent from April to a seasonally adjusted annual
Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit
Apartment demand is already tight in many cities across the country, and without an increase of inventory, it may become more difficult to find affordable market-based housing options. A new study from the Hoyt Advisory Services and commissioned by
Fannie Mae has made home purchasing easier for a number of people – including Millennials – by raising its debt-to-income (DTI) threshold. According to the Washington Post, Fannie Mae’s DTI ceiling will be raised from 45 percent to 50 percent
Real estate agents are concerned that political uncertainty and the disruptive nature of new technology will affect their business this year, according to the Counselors of Real Estate (CRE). CRE unveiled its 2017-2018 Top Ten Issues Affect Real Estate
As Millennials increasingly warm to the idea of homeownership and Baby Boomers begin thinking about selling their homes, one wrinkle in the homebuying cycle has appeared: no one wants to buy McMansions. What is now a staple of suburban
The number of people who are late or behind on their mortgage is at the lowest rate in 10 years. According to CoreLogic’s monthly Loan Performance Insights Report released Tuesday, 4.4 percent of mortgages nationwide were delinquent, compared with 5.2
Now more than ever, residents of large American cities face a conundrum when deciding whether to rent or buy. Renting is increasingly popular in major markets as housing prices in these desirable areas keep creeping up. Now, Zillow has
Rosen Consulting Group (RCG) partnered with the National Association of Realtors and found five reasons for the United States’ declining homeownership rate, according to research released recently. RCG found post-foreclosure stress disorder, mortgage availability, student loan debt, single-family housing
Despite a slight increase in recent months, home flipping has now hit a two-year low, and home flippers are seeing lower returns on their investment, according to the Q1 2017 U.S. Home Flipping Report by ATTOM Data Solutions. Home
Fannie Mae’s Home Purchase Sentiment Index (HPSI) saw a slight drop of .05 percentage points to 86.2, according to the National Housing Survey report for May 2017. This drop is due to decreases in three categories being larger on-net
Chicago is the sixth most walkable city in the U.S., according to Walk Score’s 2017 Report. The report, released in May, only considers cities with populations over 300,000 and factors distance from amenities, density of population, block length and pedestrian