National News

Housing market sets new low for home supply, Redfin reports

U.S. home prices rose in June to the highest national median sale price Redfin has recorded since it began tracking in 2010, hitting $298,000, according to Redfin’s June housing report. However, home sales continue to be constrained by low inventory,

Almost half of all Americans are concerned about affordable housing, survey says

The availability of affordable housing is a concern for many consumers, according to the National Association of Realtors’ 2017 National Housing Pulse Survey. The survey, which measures consumers’ attitudes about housing issues in the nation’s largest metropolitan statistical areas, found

Apartment demand grows to near-record highs nationwide

According to the analytics firm RealPage, apartment demand increased to a near-record amount in the second quarter. Demand rose to 175,645 apartments nationally, up one-third from the demand level at this time last year. “Today’s strong demand for apartments reflects

Homebuyers can search for homes by school district with new Realtor.com feature

A major factor for many people when searching for a new home is the school district that they will be placed into. Now, narrowing down homes based on schools is easier. Realtor.com announced the launch of home search by school boundaries

Home price index soars in May

Home prices continue to grow on both a year-over-year and month-over-month basis, according to the CoreLogic Home Price Report for May. Nationwide, home prices are up 6.6 percent in May 2017 compared to May 2016. May home prices increased by 1.2

U.S. homes are the least affordable since 2008, new report finds

The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the

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More and more people are bidding on homes they haven’t seen

Those looking to buy homes in this market have little time to ponder if they want an available home. In fact, more and more people are bidding on a home without even seeing it in person, according to a

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Renters don’t believe it’s a good time to buy, report says

America’s housing market might be notably stronger than it was when the recession hit nearly a decade ago, but not everyone is ready to jump back into buying. Despite wanting to purchase a house of their own one day,

Potential homebuyers could crowdfund their future homes

Fundrise, a Washington D.C. managing company, created a way for prospective homebuyers to crowdfund their future homes. Public investors buy shares in an “eFund,” a limited liability company that develops housing in the city. Investors must make a minimum

Home price index hit five-month record high

Home prices rose across the country, according to a report released Tuesday. S&P Dow Jones Indices announced the positive results of the S&P CoreLogic Case-Shiller Indices which measures U.S. home prices. The U.S. National Home Price NSA (non-seasonally-adjusted) index showed

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Homeowners believe it is a good time to sell. Why won’t they?

Market factors indicate that it’s a seller’s market, yet the number of homes for sale is at a record low. Now, an overwhelming percentage of homeowners believe it is a good time to sell, leading some to conclude that

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Trump tax plan targets loophole that spurs property investment, critics say

The Trump administration’s tax reform plan could have a negative effect on homeowners, but another key piece of the policy may especially hurt property investors. Though some experts have thrown cold water on the idea of a major tax overhaul

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National housing inventory drops at fastest rate in four years, study says

Low housing inventory has troubled buyers since the end of the recession, and it doesn’t seem to be getting any easier to beat out the competition for a purchase. In fact, the number of homes for sale has now dropped more quickly

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Tear-down starts increase to meet demand for smaller, more affordable homes

Tear-down starts are increasing to meet the rising demand for new single-family units, according to a new report from The National Association of Home Builders. The NAHB and Wells Fargo used their February 2017 Housing Market Index to track the

Majority of Americans say cost is top barrier to homeownership

As home prices continue to rise nationally month after month, affordability is a major concern for people across the country. Rising costs are making it more difficult for many potential homeowners to find quality homes with an affordable mortgage. According to a

National median home sales price hit record highs, NAR reports

The median sales price hit a new high while the median days on market hit a new low, according to the National Association of Realtors. Total existing home sales increased 1.1 percent from April to a seasonally adjusted annual

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