National News

RE/MAX: Days on market sets near record low

The latest U.S. home sales report from RE/MAX shows that buyers are snapping up homes in near record time. Across 54 metro areas included in the survey, listings lasted only 46 days on average before being placed under contract. Only

Real estate industry fights back against LGBT discrimination

In April, the real estate industry and housing advocates across the country celebrated Fair Housing Month. This year’s celebration was even more noteworthy, as it marked the 50th anniversary of the Fair Housing Act’s passage on April 11, 1968.

HomeSpotter adds geotargeted open house promotion with Waze

In an effort to target potential buyers in a particular area, HomeSpotter added a new feature that does exactly that. Through Boost by HomeSpotter, real estate brokers are able to connect with likely buyers on social media. Now, brokers

Majority of Americans still planning to buy a home despite growing anxieties

Buying a home is a step in life most Americans plan on taking sooner or later, but a new survey shows more than half of Americans who plan on buying a home, or those who already bought one, have

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Household wealth at all-time high thanks to rising home values

American household wealth is the highest it has ever been at $101 trillion, according to the Federal Reserve 2018 Q1 release, an approximate $1 trillion increase from last quarter. Reports show that the significant increase in household wealth is

Birth rates fall fastest in appreciating areas

Contrary to typical trends, the number of births across the country are dropping despite appreciating housing markets, according to Zillow. Home values are appreciating the fastest they have in 12 years and are projected to rise another 6.5 percent

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

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