Single Women make up the 2nd Largest Home Buying group

According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers. Whether they are young, single and no longer want to rent, or … [Read more...]

Obstacles to Homeownership: Perceived or Real?

Yesterday, we discussed the belief Americans have in homeownership and their desire to partake in this piece of the American Dream. We also discussed some of the obstacles preventing them from attaining that goal. However, studies have shown that that many of the obstacles mentioned are perceived, … [Read more...]

Are the Kids Finally Moving Out?

During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back … [Read more...]

Starter Homes May Be Coming Back, After All

Good news for first-time buyers: more starter homes are on the way. A recent analysis by BUILDER online shows the number of homebuilders offering entry-level housing rose 25 percent last year compared to the year prior. Read more: Young Buyers Face Investor Competition Since the recession, … [Read more...]

Bank of America Rolls Out 3% Loans

Bank of America announced a new loan program to help low- and moderate- income borrowers qualify for a mortgage with down payments as low as 3 percent of the purchase price. The loans have financing available up to $417,000. Eligible borrowers must not earn more than the median income for the … [Read more...]

Mortgage Rates Again at Historic Lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to … [Read more...]

Don’t let Rising Rents Trap you

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental … [Read more...]

Baby Boomers Blamed for Clog in Housing

Some economists say the baby boomers aren’t selling their homes like previous generations did and not downsizing fast enough, which is leading to shortages of homes for sale and rising prices. Baby boomers are “clogging up the whole chain of home sales,” says Sean Becketti, chief economist … [Read more...]

5 Surprising Factors That Make Happier Homes

A realtor.com® article recently highlighted several new studies that reveal ways to increase happiness based on where you buy, how you renovate, and other characteristics on what makes a home happy. Among the recent findings to unlocking true happiness with home ownership: Green or yellow … [Read more...]

Holiday Housing Trends You Wouldn’t Expect

It's a short work week for many, as millions of U.S. workers take Thursday and Friday off to enjoy an extended Thanksgiving break. You might assume the long holiday weekend is a slow one for the housing market because people tend to suspend most activities to be with family and get in a little Black … [Read more...]