National News

How the residential real estate market has changed in 10 years

The National Association of Realtors analyzed existing home-sale figures for the past ten years, stretching from May 2008 to May 2018. Comparing the analytics from the the month of May across this timeframe, NAR research data specialist Michael Hyman

Real Estate in Brief: How long it takes to build a home, refinancing requests at lowest rate in 17 years and more

The average time it takes to complete a single-family home is about seven and a half months, the same amount of time it took in the previous year, according to the 2017 Survey of Construction from the Census Bureau.

Luxury home market sees significant gains due to upward economic trends

With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million-plus homes, sales have

Top housing trade groups urge Congress to reform flood insurance

This week, more than 20 top housing trade groups urged Congress to extend the National Flood Insurance Program (NFIP) which is set to expire on July 31, according to a story from HousingWire. Along with reauthorization, the act is

The reasons why millennials don’t own a home

Millennials have turned out to be the largest generation in history, but they still make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,

Jobs report sends positive homebuying signals

Lately, it seems like each monthly report on the U.S. jobs market represents another milestone for the economy. In recent months, the Census Bureau has found the overall employment rate to be at its lowest point since 2000. In

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NAR records lowest-ever rate of FSBO sales in 2017

For-sale-by-owner (FSBO) listings tracked by the National Association of Realtors comprised only 8 percent of all home sales in 2017, the lowest rate since NAR began tracking the figure in 1981. FSBO sales as a percentage of all residential

US household energy use falling as homes become more energy efficient

U.S. household energy use fell by more than 10 percent between 2009 and 2015, despite a 4 percent increase in the number of households over the same period, according to analysis of data from the U.S. Energy Information Administration

A new market trend: Making your vacation home your permanent home

Vacation homes often provide families with the best of both worlds: live where they work and have the option to visit their dream destination whenever they please. Many families are finding a way to do both. Turning a vacation

More young adults choosing to live with roommates, parents

For young adults, owning a home can be a daunting and expensive task. As a result, it is becoming more common for young adults to take place in house sharing, which is an easy way to save money. In fact,

Waterfront home prices falling, Zillow finds

Oceanfront homes, lakeside properties and even residences along the river tend to attract higher-than-average prices. However, according to a new report from Zillow’s research team, that premium on waterfront real estate has declined in recent years. Based on its

Number of homeowning families with children declines

As home prices continue to grow across the country, the ability to own a home can become out of reach for many. According to a new report by RENTCafe, the amount of homeowning families with children decreased by nearly

Why the homeownership rate among young adults remains low

At just over 64 percent, the national homeownership rate among U.S. adults remains stubbornly low. For young adults between the ages of 25 and 34, the rate is even lower than it was less than a generation ago, but

Mortgage rates are falling. Here’s what that means for agents

The consensus among mortgage industry leaders heading into 2018 was that interest rates would rise. The Mortgage Bankers Association predicted that interest rates could hit 5 percent by the end of the year. And while mortgage interest rates have

Real Estate in Brief: Startups fuel home values, the cities on-track for housing boom and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

Online home value estimates: 6 things every agent needs to know

Online home value estimates continue to shake up the industry, and they are only going to have a bigger role in the homebuying and selling process as technology improves. Though these tools might cause headaches for agents, it’s clear

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