Real Estate News
When Can Recent Buyers Plan to Refinance?
New homeowners who “married the house but dated the rate” are tired of dating, and a surge of refinancing is expected if rates drop a full 1%. NEW YORK – Today’s buyers may love their home but hate their mortgage. However, for the foreseeable future, rates may very well stay higher...
Can Promoting Energy Efficiency in a Home Listing Help Boost...
Real estate brokers and agents have a message for home sellers: play up the energy efficiency aspects of your property. According to the newly released “2023 Realtors and Sustainability Report – Residential” published by the National Association of Realtors (NAR), nearly two-thirds (63%) of brokers and agents said promoting energy...
Annual Home Price Growth at Lowest Rate in Over a Decade
U.S. home price growth increased by 3.1% in March, according to new data from CoreLogic. While this represented the 134th consecutive month of year-over-year price acceleration it also represented the lowest rate of appreciation since the spring of 2012. Home prices were down in 10 states from last year – mostly...
Report: Average Monthly Mortgage Payment is $2,317
The average payment on a new mortgage in the U.S. is currently at $2,317 a month, according to a new data study from LendingTree (NASDAQ:TREE). Within the states, average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts ($3,201). At the other end of the spectrum, average mortgage...
Millennial Milestone: 50% Homeownership Rate
According to Apartment List’s latest report, the age group finally has a majority (51.5%) owning homes, though Gen X had a 58% rate when at the same age. NEW YORK – Thanks to the housing crisis over a decade ago, millennials couldn’t catch a break in the home market. But according...
Mortgage Application Activity Up 5.3%
Mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was up 5.3% on a seasonally adjusted basis from one week earlier while the unadjusted index was up by an...
Millennials Buy More Expensive Homes. Here’s Why
As millennials settle down and have children, they purchase homes that can accommodate growth. MIAMI – Millennials in South Florida are buying more expensive homes than other homebuying groups, as inflation and rising home prices influence the market, new data shows. The median home purchased by a millennial in the tri-county area...
Why Does It Still Feel Like a Seller’s Market?
RE usually sees cycles between buyer’s and seller’s markets, but this time it’s a bit different. Supply vs. demand hasn’t changed because both sides pulled back. SEATTLE – New listings fell 21.8% year-to-year during the four weeks ending April 2, one of the biggest drops since the start of the pandemic,...
Wall Street Expects Robust 2023 New-Home Market
The stock for many major U.S. builders is up 20% so far as investors bank on it probably “crossing the valley from recession to potential recovery” in fall 2023. LOS ANGELES (AP) – Homebuilder stocks are on a tear as investors bet that a dearth of previously occupied homes on the...
5 Ways to Finance a Real Estate Investment
Banks are the tried-and-true method, but other sources for real estate investing include credit unions, microloans and arrangements through a private lender. NEW YORK – As more people realize the benefits of investing in real estate, their first question often focuses on financing – specifically how to get it. Securing sufficient financing...
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