National News

NAR: Metro home prices reach record high in Q2

The national median home price for existing single-family homes reached an all-time high, edging up to $269,000, 5.3 percent higher than the second quarter of 2017, according to the latest quarterly report by the National Association of Realtors. As

NAR secures 'a big win' on new tax break for agents

Updated guidance from the IRS related to federal tax cuts passed at the end of 2017 confirmed that many real estate professionals should be able to claim a substantial income deduction once they file their 2018 tax returns, in

Many millennials are prioritizing homeownership over retirement, debt payoff

Despite the high amounts of debt that plague many millennials, home ownership is still at the top of their priority list. For them, achieving the American Dream means buying a home early, even if that means dipping into retirement

Redfin plans long-term with Redfin Now, doubles down on direct buying program

Redfin’s direct home-buying program, Redfin Now, is no longer in testing phase. Redfin recently announced that it has doubled down, making direct home-buying its long-term business plan. Redfin Now buys and lists homes, making an offer to the homeowner

Many millennials are prioritizing homeownership over retirement, debt payoff

Despite the high amounts of debt that plague many millennials, home ownership is still at the top of their priority list. For them, achieving the American Dream means buying a home early, even if that means dipping into retirement

NAR: Metro home prices reach record high in Q2

The national median home price for existing single-family homes reached an all-time high, edging up to $269,000 in the second quarter of 2017, according to the latest quarterly report by the National Association of Realtors. As inventory across the

Real Estate in Brief: Millennials want to buy but worry about prices, and more

Millennials want to buy a home, but they continue to view homeownership as unattainable during today’s period of rapidly increasing prices and increasingly limited inventory across the market, according to the CoreLogic Home Price Index (HPI) and HPI Forecast

Where housing costs leave room to save and spend

It’s widely known that the cost of living in certain U.S. cities can be far higher, or lower, than average. While it’s a little more contentious, it’s also generally accepted that owning a home leads to lower costs than

Nextdoor teams up with HouseCanary to push market data

Nextdoor, the social network for neighborhoods, has announced that they will be joining forces with real estate analytics company HouseCanary to push property valuations and forecasts on the social platform. Agents regularly turn to Nextdoor as a resource for

Breaking down homebuilding costs in 2018

While the price of building a new home may be more than the cost to buy a pre-owned one, building a home allows buyers to design the home with the features they want. According to a Trulia study, 41

Renting costs more than owning in most US metros. By how much?

It’s widely known that the cost of living in certain U.S. cities can be far higher, or lower, than average. While it’s a little more contentious, it’s also generally accepted that owning a home leads to lower costs than

To buy or build? How homebuilding costs may affect today's consumers

While the price of building a new home may be more than the cost to buy a pre-owned one, building a home allows buyers to design the home with the features they want. According to a Trulia study, 41

Builder confidence continues to grow in 55+ housing market

Builders continue to show confidence in the 55+ housing market as the second quarter index increases to 67, one point up from last quarter. According to survey results, the National Association of Home Builders (NAHB) 55+ Housing Market Index

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Zillow acquires Mortgage Lenders of America

Zillow Group has announced its acquisition of Mortgage Lenders of America, and will use the company for its Zillow Offers program. The Zillow Offers feature started last year as Instant Offers and allows Zillow to buy and sell homes. The

What will new homes look like in 2036?

Owning a home is a substantial part of the American dream. People have their dream homes that change and grow with the times. A new report from Porch predicts what new housing trends will dominate the housing market in

Real Estate in Brief: Well Fargo pays $2.1 billion fine, number of mortgage applications down and more

Wells Fargo agreed to pay a $2.1 billion fine in order to settle allegations of misrepresenting the types of mortgages the company sold to investors during the housing crisis, according to the Chicago Sun Times. Although the amount seems

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