National News

More young adults choosing to live with roommates, parents

For young adults, owning a home can be a daunting and expensive task. As a result, it is common for most young adults to take place in house sharing, which is an easy way to save money. It’s so common

Redfin looks to raise $239 million through stock, debt offerings

Redfin announced this week that it will be looking to raise up to $239 million through a combination of stock and debt offerings. According to a filing made with the U.S. Securities and Exchange Commission, Redfin said that it

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NAR records lowest-ever rate of FSBO sales in 2017

For-sale-by-owner (FSBO) listings tracked by the National Association of Realtors comprised only 8 percent of all home sales in 2017, the lowest rate since NAR began tracking the figure in 1981. FSBO sales as a percentage of all residential

Online home value estimates: 6 things every agent needs to know

Online, automated home value estimates continue to shake up the industry, and they are only going to have a bigger role in the home buying and selling process as technology improves. Though the new tool might cause headaches for

The number of families with children homeowners dropped by 3.6 million

As home prices continue to grow across the country, the ability to own a home can become out of reach for many. According to a new report by RENTCafe, the amount of families with minor children who own a

US housing data shows signs of market shift

A combination of findings detailed in recent housing market reports in major metropolitan markets, as well as nationally, has some analysts predicting more favorable conditions for buyers in the coming months. Jeff Lazerson, president of MortgageGrader.com and author of

Top housing trade groups urge Congress to reform flood insurance

This week, more than 20 top housing trade groups urged Congress to extend the National Flood Insurance Program (NFIP) which is set to expire on July 31, according to a story from HousingWire. Along with reauthorization, the act is

Real Estate in Brief: How long it takes to build a home, the latest refinancing rates and more

The average time it takes to complete a single-family home is about seven and a half months, the same amount of time it took in the previous year, according to the 2017 Survey of Construction from the Census Bureau.

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

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