National News

Homebuyers asked to describe the vibe of their desired neighborhood

Contrary to previous homebuying beliefs, choosing where to live is more than simply choosing the perfect location. According to a recent Ally Homes survey, 88 percent of Americans said that the vibe of a neighborhood is a very important

Amazon is reportedly making the leap into the home insurance business

Amazon had already expanded its services to include construction and real estate, and now the company is rumored to be joining the insurance business, according to Inman. While no specific plans have been released for Amazon’s entrance into the

Mortgage giants want to help ‘gig economy’ workers qualify for home loans

Millennials are finally aging into homebuying, which is one of the reasons why the housing industry is seeing strong sales growth throughout the country. But millennials are also more prone to be members of the “gig economy,” and that

Active-service homeowners buy sooner than non-military buyers

A recent study by the National Association of Realtors found that there are significant differences between active-service and veteran home buyers and sellers compared to those who have never served. Active-service military members are the youngest group by far

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How do children impact the homebuying process?

Numerous factors like price and location come into consideration when buying a home. A new Harris Poll survey by SunTrust Mortgage found that 55 percent of homeowners with a child under the age of 18 said their child’s opinion

Real Estate in Brief: Zillow begins Premier Agent program changes, enhanced reverse mortgages available and more

Zillow has just begun the changes to its Premier Agent program after announcing them back in April. Zillow will now have its own representatives screening incoming calls regarding leads. Previously, the process of purchasing leads had its downfalls, including

Analysis of mortgage denials reveals racial ‘continued disparities’

As the United States marks the 50th anniversary this month of the passage of the Fair Housing Act, reports reveal that racial inequalities still nag the real estate industry. A recent Zillow analysis of data made available by the

What factors might be threatening the Fair Housing Act?

When the Fair Housing Act was passed on April 11, 1968, the goal was to both eliminate housing discrimination as well as encourage residential integration. While some progress has been made over the past 50 years, there is still

The outdoor remodeling projects that produce the highest resale value

An outdoor remodeling project is one way homeowners can increase the value of their property, but the return on those projects can vary, according to the National Association of Realtors and National Association of Landscape Professionals’ 2018 Remodeling Report:

Townhouse construction up 7 percent so far in 2018

Townhouse construction has seen an upswing through the first half of 2018, according to a new study from the National Association of Home Builders. A total of 105,000 townhouse starts were accounted for, bringing a 7 percent increase into

Pending home sales lose steam in April

Pending home sales dropped in April, despite two prior months of increases. According to the National Association of Realtors, pending homes sales decreased by 1.3 percent in April. Pending home sales dropped from 107.8 in March to 106.4 in

Underwater mortgage rate falls below 10 percent

For the first time since the economic crisis of 2007–08, the share of homeowners who are underwater on their mortgage fell below 10 percent, according to Zillow 2017 Q4 Negative Equity Report. Just 9.1 percent of homeowners owe more

Real Estate in Brief: Zillow’s first home purchase, political shifts and more

Zillow Group purchased its first home as a part of the Instant Offers program expansion. The purchase marks Zillow’s transition from its role as a real estate media company to a company that partakes in the direct buying and

How Chicago’s real estate market ranks among the top 20 HQ2 city finalists

If Chicago were chosen to be the home of Amazon’s HQ2, the demand for housing would skyrocket. Along with the 50,000 jobs that the new headquarters would bring to the city, home prices would increase significantly as people from around

What millennials are willing to compromise on to buy a home

Millennials may be working hard to buy their dream homes, but many find themselves compromising to fulfill their goals of homeownership. According to a survey from ValueInsured, 85 percent of millennial homeowners compromised when buying their dream house. Survey

NAR pulls President’s Circle support of Congressman after anti-LGBTQ comments

The National Association of Realtors pulled its endorsement of Rep. Dana Rohrabacher (R-California) after he made comments saying it was acceptable for people to refuse to sell their homes to gays and lesbians. Wayne Woodyard, a former Orange County

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