Buying Is Better Financially in More Than Half of Markets: Report

It is more affordable to buy a home than rent one in more than half of markets—but for how long remains uncertain, according to recently released research. In 54 percent of the over 400 counties analyzed by ATTOM Data Solutions, buying the median-priced home is more affordable than renting a three-bedroom one, according to ATTOM’s […]

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Confidence in Housing Subdued at Year-End

Confidence in housing was subdued in December in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie Mae’s National Housing Survey® (NHS). The HPSI overall posted 85.8 in December, two percentage points lower than the month prior. “Consumers remained cautious in their housing outlook at the end of 2017, as tax reform discussions […]

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Infographic: How Recent Buyers Purchased Their Home

Demand and home prices are increasing, but that has yet to keep homebuyers out of the market. Here is how they did it:  For more information, please visit www.nar.realtor. For the latest real estate news and trends, bookmark RISMedia.com.

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In 2017, Multiple Offers Scored Sellers Thousands

Did you buy a home last year? Did you make an above-asking bid? Approximately 24 percent of for-sale homes in 2017 sold for higher than what they were listed for, according to an analysis recently released by Zillow. Five years ago, that figure was roughly 17 percent. The average gain for sellers? $7,000. “In the […]

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The Hottest Housing Markets This Year

Accelerating home prices. Expanding income and jobs. New residents. In 2018, the hottest housing markets will boast a combination of these factors, according to Zillow, which recently released its predictions for the year. The markets in Zillow’s top 10: San Jose, Calif. Raleigh, N.C. Seattle, Wash. Charlotte, N.C. San Francisco, Calif. Austin, Texas Denver, Colo. […]

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Appraisals Arrive Below Expected, but Not by Much

Appraisals arrived 0.5 percent below what was expected by homeowners in December, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 6.17 percent year-over-year. Although the average appraisal continues to lag homeowner estimates, the gap between the two numbers […]

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A Blockchain Future? Cryptocurrencies Gaining Traction in Real Estate Industry

Bitcoin started out as blockchain technology with an innovative ideology for a more secure monetary future, and is now taking hold in the real estate world. Bitcoin and other cryptocurrencies, although not yet mainstream, show promise in an industry that typically prioritizes buyers who can provide secure funds for a property in a short amount […]

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As 2017 Ended, Rents Rose

The median national rent rose toward the end of 2017, contrary to the predominant trend for the year, according to the November Zillow® Real Estate Market Report. The gain, 2.4 percent year-over-year to $1,435, is on par with income increases, which have ticked up 2.5 percent since November 2016. “After about a two-year slowdown, rent […]

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Tax Reform: Here’s What Could Impact Homeowners Most

A new year has started, and with it a newly enacted tax policy: the Tax Cuts and Jobs Act. While most changes will not be noticeable until consumers file their taxes in 2019, the new tax law stands to alter how consumers view homeownership incentives and could impact real estate markets across the country. Additionally, […]

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Making Sense of Valuation’s Alphabet Soup: CMAs, BPOs, AVMs and Appraisals

The following information is provided by the Center for REALTOR® Development (CRD). This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors, and other professionals use one or […]

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Market Trends, and Your Big Opportunity in 2018

As a student of history and the markets, I believe the real estate industry is the healthiest it’s been in more than three decades. Although sales and home prices are close to where they were before the housing boom, there’s more economic stability. Overall, I expect the housing market to remain solid, led by a […]

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Zillow: Gains in Housing Now Make It Worth $31.8 Trillion

A banner year. Another $2 trillion was added to the housing market in 2017, brought to a collective $31.8 trillion, according to a recently released report by Zillow. On an annual basis, home values increased 6.5 percent last year; values last expanded at a faster pace—8 percent—in 2013. The additional $2 trillion, put another way, […]

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Millennials and the Silent Gen Agree: Walkability Wins

Millennials are not the only generation preferring proximity to restaurants and retail. Americans born between the mid-1920s up until 1945—the “Silent Generation”—are also on the lookout for walkability. Fifty-five percent of members of the Silent Generation recently surveyed by the National Association of REALTORS® (NAR) favor neighborhoods close for commuting and/or walkability—not far off from […]

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Report: Cohabitating Increasingly Popular

Solo living is becoming more difficult for younger generations, especially for millennials who are struggling to afford rising home prices if they are burdened with student loan debt. And with rental prices rising as well, even solo renting is not a realistic option for some. According to Zillow, a doubled-up household is defined as two […]

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Pending Home Sales Inch Up 0.2 Percent in November

Pending home sales were mostly unmoved in November, inching up 0.2 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.5 in November, up from 109.3 in October. The Index is based on contract signings. Lawrence Yun, NAR chief economist, says contract signings mustered a small gain in […]

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Ask the Expert: How Can I Guide Clients Through the Home Inspection Process?

Today’s Ask the Expert column features Adam Long, president of HomeTeam Inspection Service. Q: What can be done to guide clients through the home inspection process? A: After being in business for 25 years and performing over a million inspections, HomeTeam Inspection Service has identified the top ways to ensure a smoother home inspection, contributing […]

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Inventory at Lowest Since 2013

Housing inventory is shrinking, still, according to the recently released Trulia Inventory and Price Watch for the fourth quarter of 2017. Across the board, in the premium, starter and trade-up tiers, inventory has tumbled 10.5 percent year-over-year—the most considerable drop-off since 2013. The issue is most pervasive at the entry level, which accounts for just […]

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Existing-Home Sales Skyrocket Toward 11-Year High

Existing-home sales in November skyrocketed to a spree not seen in more than 10 years, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.81 million, a 5.6 percent increase from October and a 3.8 percent increase from one year prior. Inventory decreased 7.2 percent to 1.67 million, 9.7 percent below one year prior. […]

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Changing Demand for Rentals Strains Supply

Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America’s Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. […]

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Housing Starts Rise in Surprise November

Home-building activity rose in a surprise November, with housing starts up 3.3 percent to a rate of 1,297,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 5.3 percent to 930,000. Starts for units in buildings with five units or more […]

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