National News

Taylor Morrison to acquire AV Homes in a $963 million agreement

Taylor Morrison Home Corporation announced its plans to acquire AV Homes with an agreement valued at approximately $963 million. AV Homes, a company engaged in building and developing homes in Florida, the Carolinas, Arizona and Texas, is expected to

Real Estate in Brief: Majority of loans made up by first-time buyers, home equity spike and more

Nearly half of all mortgages issued by Freddie Mac are made up by first-time homebuyers in the first quarter of 2018, according to an article from Bloomberg. With a median homebuying age of 32, first-time buyers are anxious to

Chicago ranked among the top 10 best large cities

Chicago was ranked the second best large city in the United States, according to a recent study by Resonance Consultancy. The ranking is based upon six main categories: place, product, programming, people, prosperity and promotion, and analyzes 28 different

What Americans want in their dream home

A recent survey by Northshore Fireplace asked 2,000 people to find out exactly what Americans would want in their ultimate dream home. Among those surveyed, the most important component of an American dream home was a view with peace

Nearly 7 million coastal homes at risk for hurricane damage in 2018

Nearly 7 million homes along the coast are at risk of hurricane storm damage this year, according to the 2018 CoreLogic Storm Surge Report. This could mean a $1.6 trillion potential reconstruction cost. A storm surge is defined by

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

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