National News

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The McMansion is falling out of favor with homebuyers

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

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Mortgage delinquencies hit 10-year low

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

Here’s how long it takes Chicago homeowners to break even on their purchase

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

5 reasons for a declining homeownership rate

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

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Home flipping hits two-year low as profits dip, study says

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

Consumers believe it is a seller’s market, survey says

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

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Chicago named sixth most walkable city

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

Home prices forecasted to continue rising through next year

Home prices continue to rise on both a year-over-year and monthly basis, and will continue to do so through the next year, according to CoreLogic’s latest report. CoreLogic’s April Home Price Index (HPI) found that home prices have increased

Zillow’s ‘Instant Offers’ disrupts real estate community

A newly launched Zillow feature called Instant Offers is causing concern with some agents who worry the company is pushing them out of the homeselling equation. Instant Offers is a completely online approach to selling homes that has launched

Leading Real Estate Companies of the World hires new vice chairman

The chairman and chief executive of a leading New York real estate firm will become the vice chairman of the Leading Real Estate Companies of the World, the organization announced Thursday. Diane M. Ramirez, CEO of Halstead Real Estate, has

Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

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This year’s blistering start to the homebuying season cooled in April, NAR says

After a hot start to the homebuying season, pending home sales in April slumped for the second consecutive month thanks in part to “astoundingly” low inventory, according to the National Association of Realtors. NAR’s pending home sales index shows

Home prices continue to hit record highs in March

Home prices hit a 33-month high in March on S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which continues the trend of rising home prices across the nation. The index saw a 5.8 percent annual gain in March,

National home values surpass pre-recession peak, study says

It took a decade to get there, but the average United States house is now worth more than it was when the median home value hit its peak right before the recession.  According to Zillow’s April market report, April

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Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

New home sizes shrink as demand for entry-level homes increases

After the 2009 recession, single-family home sizes have been increasing. But lately, that trend has been changing as builders are capitalizing on the demand for starter homes, according to the National Association of Home Builders. The median single-family square

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