National News

The best way to stay in contact with your client — just forget the emojis

It can be difficult to find time for face-to-face meetings or even phone calls, leaving many agents and clients rely on text messages to communicate. Smartphone users in the United States are initiating and receiving five times as many

Millennials spend nearly half their income on rent

It’s common for millennials to be thinking about buying a home or starting a family, but increasing rent prices are holding back many from making the leap into homeownership. An RentCafe analysis of data dating back to 1974 revealed that

Average American spends over $18,000 selling their home

Due to the fact that 61 percent of home sellers in the United States have never sold a home before, many of the hidden costs can be a surprise financial hardship to those looking to sell their homes. According

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Homebuyers gear up for a competitive spring market

The spring buying season is expected to be driven by record-breaking inventory lows and a flood of buyers, including those who were unable to snag a home last year. According to a new realtor.com survey of active buyers, this season is

Starter home market lags behind other housing segments

The starter home sector is faring worse than the housing market as a whole, according to a recent report by Trulia. Despite overall housing inventory being up 3.3 percent, starter home inventory decreased 14.2 percent from last year to this

NAR survey reveals dichotomy between housing, economic sentiment

The number of households feeling confident about the economy and their current financial situation is decreasing, which directly impacts their housing sentiments, according to the National Association of Realtors’ Housing Opportunities and Market Experience (HOME) survey. Homeowners are increasingly positive about

Facebook sued for housing discrimination

The National Fair Housing Alliance (NFHA) filed a lawsuit against Facebook in federal court on March 27, claiming the company’s advertising platform “enable[s] landlords and real estate brokers to bar families with children, women, and others from receiving rental

Pending home sales rose in February

Pending home sales increased 3.1 percent from January to February, according to the Pending Home Sales Index. Despite this increase, the index is still down 4.1 percent from last year — with the current index at 107.5. “Contract signings rebounded in most

Homeowners have gained the highest amount of equity in four years

The average American homeowner gained about $15,000 in home equity in 2017—the most since 2013, according to the latest CoreLogic Equity Report. Higher home-equity wealth typically promotes higher spending, and IHS Markit analysis predicts that a gain of $15,000

AgentEDU expands its training curriculum with new Assistants track

It can be difficult for many agents to take the leap from working alone to hiring an assistant to help. It is even more difficult to find someone who has previous experience in the real estate industry. Once an

How the tax reform impacts potential homeowners

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both state

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

Many millennials rely on family support to buy first home

The real estate market has shown home price increases continue to outpace income growth, so it comes as no surprise that millennials are willing to accept financial assistance to achieve their American Dream. A new Apartment List report found that 17.1

Confidence down among homeowners, but rising among homebuyers

While confidence among current American homeowners has been in decline the past two quarters, confidence among new homebuyers is up, according to ValueInsured’s most recent Modern Homebuyer Survey. The nationally tracked housing confidence score for homeowners dropped 2.6 points from

Real Estate in Brief: Affordable 3-D printed home makes its debut at SXSW

Source: ICON A Texas-based startup is attempting to tackle the affordable housing issue with a 3-D printed house. ICON unveiled its 650-square-foot 3-D printed house at SXSW 2018. The house would be made of cement and take up to

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