National News

What are homebuyers looking for in new construction homes?

When searching for a new home, buyers have a lot of ideas about what they are looking for, from the layout to the design elements and even materials and finishes. In order to get an idea of what homebuyers

Boston ranks as one of the most valuable cities in the country

Real estate wealth is dispersed unequally throughout the United States with revenue concentrated heavily in metropolitan areas, valued at $26.2 trillion in total.  Lending Tree ranked the top 50 most valuable cities in America from its collection of real estate data covering more than 155 million

Average new construction lot size remains at record low

In keeping with a decades-old trend, an analysis of Census Bureau data by the National Association of Home Builders found that the median size of a lot on which a new home was built in 2017 reached a record

Homeownership rate among minorities rising

The homeownership rate among minorities continues to increase, but there is still some progress to be made, according to the National Association of Home Builders. The homeownership rate among all minority groups in the second quarter of the year

Real Estate In Brief: Buyers market predictions, rising rents and more

A panel of 100 real estate economists and industry experts surveyed by Zillow said they don’t expect the U.S. housing market to shift decidedly into a buyers market until at least 2020. According to Zillow’s Q3 Home Price Expectations

More than a third of recent buyers, renters experience ‘neighborhood regret’

Figuring out what new home to purchase includes more than just the house itself. Buyers also look at a number of other factors, including the neighborhood that the house is located in. However, sometimes compromises need to be made

July pending sales miss the mark, led by price growth

New national home sales figures released by the National Association of Realtors Aug. 29 continue to show a housing market that can’t keep pace with prior years of stellar performance. For the seventh month in a row, NAR reported

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Massachusetts homes are among nation’s oldest

Recent reports from the National Association of Home Builders, based on U.S. Census data, found that the nation’s housing stock is growing increasingly older on average. But while the median age of an owner-occupied residence was 37 years old

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Facebook removes certain targeted advertising options amid HUD discrimination complaint

Facebook recently announced changes it will be making to its advertising tools after the company was accused of potentially enabling housing discrimination on the platform. Earlier this month, the U.S. Department of Housing and Urban Development filed a discrimination

US economic growth to outpace housing market

The U.S. economy grew at its fastest pace in four years during the second quarter of 2018, a reflection of low unemployment and greater willingness among consumers and businesses to spend and invest. According to the latest economic forecast

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Real Estate In Brief: Financial advice for agents, smart locks and more

The National Association of Realtors launched a new initiative focused on improving the financial wellbeing of its 1.2 million members. Last week, NAR unveiled its online Center for Realtor Financial Wellness, a website that includes a number of tools

Builders, buyers see upside as July new home sales slip

The latest release of new home sales numbers from the U.S. Census Bureau and the Department of Housing and Urban Development reported the number of new homes sold in July fell 1.7 percent from the previous month, marking the

NAR: Majority of homes sold in July were on the market for less than a month

Existing home sales slowed slightly in July to the slowest pace in more than two years and represented the fifth straight month of declines, according to the latest report from the National Association of Realtors. But demand stayed steady

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Homebuyer sentiment drives prices lower

More home sellers are resorting to price cuts as interest from buyers wanes nationwide. A recent report from Zillow found that starting in June, 14 percent of current home listings reduced their asking prices. While that rate has remained

Trulia Neighborhoods launches to provide crowdsourced local information

Trulia is launching a new tool to help buyers, renters and agents learn about an area with their new feature – Trulia Neighborhoods. The new tool, which is available both online and as a mobile app, is a crowdsourced

Real Estate In Brief: Home improvement spending, Realtors on TV and more

Homeowners appear to be spending more on maintenance and remodeling projects, reflecting an increasing preference in getting more life out of a home rather than trading up for a new one. According to a report from BuildFax, which aggregates

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