National News

Mandarin Speaking Buyers Lead in Paying Cash

According to RealtyTrac and Ethnic Technologies, the share of Mandarin Chinese-speaking buyers paying in cash has increased to 46 percent in 2015, a 229 percent increase from 2005. This increase puts Mandarin Chinese in the lead in terms of cash sale market share

Boehner Announces Departure, Housing Industry Doesn’t Notice

As the era of House Speaker John Boehner (R-Ohio, 8th) comes to a close, we’re looking back on the legacy of the chamber’s 61st speaker and the Ohio native’s history with housing policy. As minority leader in April 2008, when the

Baby Boomers are Forming the Most Households

Despite more Millennials entering the market, baby boomers still lead Baby boomers made up the majority of new households formed in the beginning of 2015, according to a report released by the National Association of Realtors. The report, which

3 Important Facts About Eco-Conscious Homebuyers

Green construction is growing faster than conventional construction. It currently provides 2.3 million jobs and $55 million in residential construction spending, which is expected to grow by $45 million by 2018. The homebuyers driving that growth are becoming increasingly eco-conscious, and the National Association of

Boston Home Prices Post Strong Gains

Did the latest Case-Shiller present more of the same for housing? Home prices in the Boston area were up 1.1 percent from June to July and 4.3 percent from July 2014, according to the latest Case-Shiller Home Price Index from Standard & Poor’s. The

After July Gain, Pending Home Sales Drop in August

July’s rebound short-lived as pending sales fall Pending home sales dipped in August again after a mild resurgence in July, but still held over last August for the twelfth consecutive month of year-over-year gains, according to a report released by the

4 Key Trends in New Construction Today

New home sales were up in August, but is that a sign of a strengthening market? In August, new home sales rose 5.7 percent month-to-month and 21.6 percent year-over-year to a seasonally adjusted annual rate of 552,000, according to

Homebuyers Worried About Affordability, Not Interest Rates

An interest rate hike is not a concern to buyers Buyers are more concerned about affordability, competition and inventory than an interest rate hike, according to a Redfin survey of 3,577 buyers done in late July. Only 5 percent of the

Americans Optimistic About Job Market, Pessimistic about Economy

Gallup polls a mixed bag of job market confidence, lack of confidence for economy Forty-five percent of Americans believe it is a “good time” to find a quality job, up six points from last month, according to a new Gallup poll.

Hispanic Women Becoming Powerful Housing Demographic

For decades, white buyers have largely dictated the direction of the housing industry. That may soon change, though, as a recent survey from Better Homes and Gardens Real Estate and the National Association of Hispanic Real Estate Professionals found

Housing Cost Burdens Will Only Worsen Over Next Decade

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

Chinese Buyers Paying More for U.S. Homes

Chinese investors who are looking to buy a home in the U.S. will have to pay more, after China’s central bank devalued the yuan on September 15 and 16 in order to make the currency relative to the U.S.

Green Building is Growing Faster than Conventional Construction

According to the 2015 U.S. Green Building Economic Impact Study, conducted by the U.S. Green Building Council, the green building sector is anticipated to provide 2.3 million American jobs this year – a result of construction growth. The green construction

Zillow, Move and NAR Legal Entanglement Tightens

The maelstrom of litigation swirling around syndication heavy hitters Zillow and Move Inc. continues to grow. News recently broke that Zillow filed a countersuit in response to the “whistleblower” letter, written by former Zillow vice president Chris Crocker, Move first

The Federal Reserve Punts on Raising Interest Rates

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

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