National News

July pending sales miss the mark, led by price growth

New national home sales figures released by the National Association of Realtors Aug. 29 continue to show a housing market that can’t keep pace with prior years of stellar performance. For the seventh month in a row, NAR reported

Builders, buyers see upside as July new home sales slip

The latest release of new home sales numbers from the U.S. Census Bureau and the Department of Housing and Urban Development reported the number of new homes sold in July fell 1.7 percent from the previous month, marking the

Millennials are buying homes before marriage

Recent trends in the housing market suggest that couples are reversing what used to be considered the norm: they are buying homes before marriage. The share of unmarried homeowners has spiked significantly in recent years, according to a report

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Real Estate In Brief: Financial advice for agents, smart locks and more

The National Association of Realtors launched a new initiative focused on improving the financial wellbeing of its 1.2 million members. Last week, NAR unveiled its online Center for Realtor Financial Wellness, a website that includes a number of tools

NAR: Majority of homes sold in July were on the market for less than a month

Existing home sales slowed slightly in July to the slowest pace in more than two years and represented the fifth straight month of declines, according to the latest report from the National Association of Realtors. But demand stayed steady

Homebuyer sentiment drives prices lower

More home sellers are resorting to price cuts as interest from buyers wanes nationwide. A recent report from Zillow found that starting in June, 14 percent of current home listings reduced their asking prices. While that rate has remained

Trulia Neighborhoods launches to provide crowdsourced localized information

Trulia is launching a new tool to help buyers, renters and agents learn about an area with their new feature – Trulia Neighborhoods. The new tool, which is available both online and as a mobile app, is a crowdsourced

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What are homebuyers looking for in new construction homes?

When searching for a new home, buyers have a lot of ideas about what they are looking for. From the layout to the design elements and even materials and finishes. In order to get an idea of what homebuyers

Chicagoland high school takes top spot in national high school ranking

Aurora’s Illinois Mathematics and Science Academy (IMSA) topped Niche’s 2019 list of Best Public High Schools in America, beating out Walter Payton College Prep, which topped 2018’s rankings. This is the first year that IMSA has taken the top

Major cities across the nation see an increase in housing inventory

The lack of inventory has been troubling on the housing market, but a new report shows some areas in the U.S. are seeing an increase in inventory. Realtor.com released its Monthly Housing Trend report for July 2018, and according

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Where jobs, and homeowners, are moving across the US

The dynamics of the U.S. workforce and the housing market are intricately entwined. Local employment trends have significant implications for a city’s real estate market, not to mention the economic competition between states and metro areas that’s always evolving.

Americans no longer consider real estate as the best investment

For Americans, choosing an investment can be a nerve-racking and difficult decision. For years, investing in real estate has been a popular choice for a lot of Americans, but a new survey found that’s no longer the case. In

Buying homes is the most stressful event in modern life for Americans. How agents can help support them

Source: homes.com Purchasing a home is meant to be a joyful accomplishment, but many Americans found the the event to be stressful. A new survey from Homes.com found that nearly 40 percent of Americans said purchasing a new home

US housing stock ages as construction backlog grows

More Americans are becoming homeowners, particularly young adults. But the homes they are living in are generally older. Data from the U.S. Census Bureau’s most recent American Community Survey showed that in 2016, the median age of all owner-occupied

Real Estate in Brief: Home improvement spending, Realtors on TV and more

Homeowners appear to be spending more on maintenance and remodeling projects, reflecting an increasing preference in getting more life out of a home rather than trading up for a new one. According to a report from BuildFax, which aggregates

US foreclosure rate falls to 12-year low as borrowing grows

Two reports on the state of housing finance show that mortgage borrowers are still faring well financially despite some recent economic headwinds. The national foreclosure rate reached its lowest point since 2006, according to a report on May 2018 figures

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