REALTOR®-supported candidates across the country at the federal, state, and local levels scored wins that promise to benefit the real estate industry’s goals of strong communities and healthy residential and commercial property markets.The National Association of REALTORS® supported hundreds of local, state, and federal candidates, selecting real estate champions regardless of party affiliation. Among some of these wins yesterday in Congress
“Gen Zers don’t just want to become homeowners; they want to do it at a younger age and we found that they’re saving or planning to save for it accordingly,” says Danielle Hale, realtor.com®’s chief economist. “Their desire for homeownership may be similar to that of millennials and Gen Xers, but graduating into one of the best labor markets in generations might give them the boost they need.”Nearly 80 percent of Gen Zers surveyed
In certain areas of the country, homeowners are living beyond their means. Researchers at online loan marketplace LendingTree recently dug through credit report data to compare average household income, factoring in credit inquiries, the use of revolving credit lines, debt unrelated to housing, and mortgage balances.They found residents in San Antonio, Texas; Riverside, Calif.; and Las Vegas are struggling to meet their bills. Researchers loo
The midterm elections are pitting the “red” versus “blue,” but how do these political parties divide in regards to housing? Realtor.com® researchers analyzed housing and demographic data in the counties that President Donald Trump and Democratic candidate Hillary Clinton each won in 2016 to find out how they differ in their real estate, like average home prices, homeownership rates, and what it takes to buy a home.“Not only are people
All baby boomers will be age 65 and above by 2029, according to the U.S. Census Bureau. At that point, more than 20 percent of the U.S. population will be over the traditional retirement age.If you’re helping clients make decisions about homes that will meet their needs as they age, Hy-Lite, a U.S. Block Windows Company, has three suggestions for windows that will be suitable for homeowners aging in place.Easy-to-operate windows. Easy-to-open
Mortgage rates took a slight breather this week as borrowing costs moved lower and offset last week’s uptick.Still, the housing market is trying to adjust to rates that are much higher than a year ago. “While higher mortgage rates have led to a decline in home sales this year, the weakness has been concentrated in expensive segments versus entry-level and first-time buyer [segments], which remain firm throughout most of the rest of the countr
Rising home prices over the last few years have helped homeowners gain more equity in their homes. In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That marks a 32 percent return on the original purchase price, just shy of the recent peak set in the fourth quarter o
The average down payment for a home is decreasing, which could be good news for those looking to buy. Prospective buyers may need to save less money for a down payment, according to a new study by LendingTree.The average down payment amount for U.S. homes dropped in the third quarter by nearly 10 percent, falling from $52,480 to $47,265, the study shows. However, the overall average down payment percentages for conventional 30-year, fixed-rate
Housing affordability is worsening due to higher mortgage rates, which is prompting a slowdown for what home sellers are able to get for their home. The U.S. median home price rose 4.8 percent in the third quarter, the slowest rate of annual appreciation since the second quarter of 2016, according to a new report released by ATTOM Data Solutions, a real estate data firm.“The continued slowdown in the rate of home price appreciation nationwide
Wells Fargo is back on top with the most mortgage originations in 2017, according to new rankings released by iEmergent, an advisory firm for the mortgage industry. iEmergent ranked mortgage originators based on loan volume for 2017 for single-family homes (the list does not factor in manufactured homes, multifamily, home improvement loans, or repurchases).The following eight mortgage lenders had the highest total volume of loans originated in 20
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