National News
There was an increase in single-family home starts in 2017 compared to the year prior, but the national average still fell short of normal levels seen before the recession. The 2017 Survey of Construction, released by the National Association
Buying a home has always been considered a sure way to increase one’s wealth, but the recent state of the housing market leaves some people hesitant to purchase a home due to persistently high prices. Over the long term,
The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to
Overstock.com is breaking into the real estate market with the upcoming launch of O Real Estate, its new property management site. Overstock purchased Houserie in February, establishing a foundation for their overall goal: to be a one-stop real estate
Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and
Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate
Millennials and baby boomers, the two largest demographic groups in history, are not as predictable as many home developers thought. Urban Land Magazine reports that millennials — people age 37 and younger — are not too crazy about the
Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to
About 80 percent of real estate executives agree that teams have facilitated growth in their brokerage’s business over the last five years, according to new research from an Imprev Thought Leader Study. Teams are becoming increasingly popular and encouraged with
Nextdoor, the social network for neighborhoods, announced Tuesday that they will be joining forces with real estate analytics company HouseCanary to post property valuations and forecasts on the social platform. Agents regularly turn to Nextdoor as a resource for
Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual
Redfin announced this week that it will be looking to raise up to $239 million through a combination of stock and debt offerings. According to a filing made with the U.S. Securities and Exchange Commission, Redfin said that it
A combination of findings detailed in recent housing market reports in major metropolitan markets, as well as nationally, has some analysts predicting more favorable conditions for buyers in the coming months. Jeff Lazerson, president of MortgageGrader.com and author of
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
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.
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
