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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
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
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
Condominiums, particularly at the high end of the market, have become increasingly attractive to buyers and developers in Boston. But as more high-rise units appear and more residents move in, one ancillary industry is apparently reaping high cash flows:
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
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
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
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
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
RE/MAX Leading Edge, the largest RE/MAX franchisee in the Boston area and New England, has split from its parent company RE/MAX Integra. The franchise will now operate independently as Leading Edge Realty. The decision is the latest development in
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
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
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
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
A provision to require homes for sale in Massachusetts to include an “energy scorecard” was pulled from the state Senate bill that included it. The Republican reported that the idea faltered on the logistics behind the proposal, as well as had
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
