National News

Sales speed, competition hit record highs in May

Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit

Nationwide, 4.6 million new apartments needed by 2030 to keep up with demand

Apartment demand is already tight in many cities across the country, and without an increase of inventory, it may become more difficult to find affordable market-based housing options. A new study from the Hoyt Advisory Services and commissioned by

suburban-community-housing-market-2016
The 10 issues impacting agents the most this year, according to CRE

Real estate agents are concerned that political uncertainty and the disruptive nature of new technology will affect their business this year, according to the Counselors of Real Estate (CRE). CRE unveiled its 2017-2018 Top Ten Issues Affect Real Estate

closing-cost-mortgage-real-estate-trid-buyers-bankrate
Mortgage delinquencies hit 10 year low

The number of people who are late or behind on their mortgage is at the lowest rate in 10 years. According to CoreLogic’s monthly Loan Performance Insights Report released Tuesday, 4.4 percent of mortgages nationwide were delinquent, compared with 5.2

mcmansion-housing-home
The McMansion is falling out of favor with homebuyers

As millennials increasingly warm to the idea of homeownership and Baby Boomers begin thinking about selling their homes, one wrinkle in the homebuying cycle has appeared: no one wants to buy McMansions. What is now a staple of suburban

5 reasons for a declining homeownership rate

Rosen Consulting Group (RCG) partnered with the National Association of Realtors and found five reasons for the United States’ declining homeownership rate, according to research released recently. RCG found post-foreclosure stress disorder, mortgage availability, student loan debt, single-family housing

Consumers believe it is a sellers market, survey says

Fannie Mae’s Home Purchase Sentiment Index (HPSI) saw a slight drop of .05 percentage points to 86.2, according to the National Housing Survey report for May 2017. This drop is due to decreases in three categories being larger on-net

Homes sold faster than ever in April

April recorded the fastest ever time that homes for sale went under contract, just a month removed from setting the previous record, according to the National Association of Realtors. Homes for sale in April were typically on the market

Home prices forecasted to continue rising through next year

Home prices continue to rise on both a year-over-year and monthly basis, and will continue to do so through the next year, according to CoreLogic’s latest report. CoreLogic’s April Home Price Index (HPI) found that home prices have increased

Zillow’s ‘Instant Offers’ disrupts real estate community

A newly launched Zillow feature called “Instant Offers” is causing concern with some agents who worry the company is pushing them out of the homeselling equation. Instant Offers is a completely online approach to selling homes that has launched

Leading Real Estate Companies of the World hires new vice chairman

The chairman and chief executive of a leading New York real estate firm will become the vice chairman of the Leading Real Estate Companies of the World, the organization announced Thursday. Diane M. Ramirez, CEO of Halstead Real Estate, has

Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

This year’s blistering start to the homebuying season cooled in April, NAR says

After a hot start to the homebuying season, pending home sales in April slumped for the second consecutive month thanks in part to “astoundingly” low inventory, according to the National Association of Realtors. NAR’s pending home sales index shows

Home prices continue to hit record highs in March

Home prices hit a 33-month high in March on S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which continues the trend of rising home prices across the nation. The index saw a 5.8 percent annual gain in March,

National home values surpass pre-recession peak, study says

It took a decade to get there, but the average United States house is now worth more than it was when the median home value hit its peak right before the recession. According to Zillow’s April market report, April

Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

Oops! We could not locate your form.