National News

Jobs report sends positive homebuying signals

Lately, it seems like each monthly report on the U.S. jobs market represents another milestone for the economy. In recent months, the Census Bureau has found the overall employment rate to be at its lowest point since 2000. In

Agent Snapshot: Tim Knipper, Broker, Compass

What was your first job in the realty industry? Broker. Where did you grow up? Iowa. Growing up, what did you want to be? Farmer. What do you do to relax when you’re stressed? Work out. If you could

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamlines the

Rising mortgage rates are not deterring buyers

A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises. Last month, Redfin conducted a survey of more than 4,000 people who bought or

Why the homeownership rate remains low

At just over 64 percent, the national homeownership rate among U.S. adults remains stubbornly low. For young adults between the ages of 25 and 34, the rate is even lower than it was less than a generation ago, but

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

CoreLogic: Home prices see largest jump in four years

Home prices saw its highest jump in years and show no signs of slowing down, according to the Home Price Index and HPI Forecast for May 2018 from CoreLogic.  CoreLogic reported a 7.1 percent year-over-year rise in home prices from May

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Real Estate in Brief: Startups fuel home values, cities on-track for housing boom, and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

Zillow: Affordability is at the lowest point since 2009

The burden of rising mortgage rates has become a reality for many homeowners in recent years as buying a home is the least affordable it’s been in over a decade, according to a report from Zillow. Both rising mortgage rates

Today’s homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

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US home sellers earned an average of $39,000 in 2017

The average home sale in 2017 generated roughly a $39,000 profit for the sellers, based on recent sales price data as well as historical home prices from Zillow. But after accounting for inflation over the typical time between sales

More homeowners are investing in renovations to help boost resale value

The most popular home renovation projects, like kitchen and bathroom remodels, are the ones that contribute the most to a home’s increased resale value. In fact, two-thirds of renovating homeowners are focused on increasing home resale value, according to

Waterfront home prices falling, Zillow finds

Oceanfront homes, lakeside properties and even residences along the river tend to attract higher-than-average prices. However, according to a new report from Zillow’s research team, that premium on waterfront real estate has declined in recent years. Based on its

Urban growth rate catching up to the suburbs

Contrary to previous housing trends, urban neighborhoods have seen an increasingly fast growth rate, comparing closely with the rate at which suburban areas are growing, according to a study by Urban Land Institute. The report analyzes different types of

Two Chicagoland cities among top 25 for adding millionaires by selling their home

Since 2001, 135 people in Illinois became millionaires by selling their home. Investing in real estate has been considered one of the few safe roads to become a millionaire, specifically the route of purchasing a home then selling it

Housing and economic outlook shows optimism in housing market

The majority of Americans are still feeling good about the housing market, according to the National Association of Realtors’ Housing Opportunities and Market Experience survey for the second quarter of 2018. The HOME survey found that 68 percent of Americans

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