National News

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

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamline the

CoreLogic: Home prices see largest jump in four years

Home prices saw their highest jump in years and show no signs of slowing down, according to the Home Price Index and HPI Forecast for May 2018 from CoreLogic.  CoreLogic reported a 7.1 percent year-over-year rise in home prices from May

Real Estate in Brief: Tariffs increase home prices, Zillow announces public stock offering and more

A nationwide total of 850,000 single-family home starts last year will still not be enough to aide the housing shortage crisis across the country as demand continues to increase. To make matters worse, materials are getting more expensive, making

Rising mortgage rates are not deterring buyers

A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises. Last month, Redfin conducted a survey of more than 4,000 people who bought or

How the luxury market is shifting across the country

Millennials have begun to monopolize the home-owning population, and as a result, cities across the country are transforming into some of the hottest luxury markets for the first time. The Institute for Luxury Home Marketing just released their latest

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

Homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

Which summer features increase home values most?

Homes listed with summer features can be sold for nearly 10 percent more than homes without them. To figure out which features were the priciest and most sought after, realtor.com conducted a study by looking at homes listed on

How millennial buyers drive the housing market

As millennials begin to enter the housing market, they are becoming the driving force, with millennial buyers making up 42 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in the housing market among the millennial