Buyers Want Space for Entertaining

Nearly 2 percent of homes up for sale on the U.S. housing market are described as "perfect for entertaining," marking a 15 percent increase over the past year, according to property brokerage ZipRealty.  Sellers want to make an emotional connection with buyers by focusing on lifestyle features, … [Read more...]

Spike in New-Home Sales ‘Negates’ Interest-Rate Trouble?

Single-family new-home sales posted a sharp rise in October, up 25.4 percent from September, according to newly released Census Bureau data. That was a similar rate to last spring when the new-home market was taking off in recovery mode.  Across the country, all regions posted double-digit gains … [Read more...]

October Pending Home Sales Down Again, but Expected to Level Out

Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, … [Read more...]

Will Mortgage Rates hit 5%?

The big question for homebuyers is when interest rates will begin to rise to the 5% mark. The effect of a rise in mortgage rates could be a dramatic increase in the monthly mortgage payment when purchasing a home. In an article last week, HousingWire quoted two different sources regarding this … [Read more...]

Where Prices are Headed over the Next 5 Years

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about … [Read more...]

The Importance of the Latino Market in RE

Fannie Mae's National Housing Survey examined the attitudes among the Hispanic population toward homeownership, getting a mortgage and the expectations for future homeownership, in order to have a better understanding of the potential impact of this fast-growing population on future homeownership … [Read more...]

Most Metro Areas Show Strong Annual Home-Price Growth

The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years, according to the latest quarterly report by the National Association of Realtors®. The median existing … [Read more...]

Why do we Buy Real Estate (Homes)

Why do you own your home? Why do you want to buy a home? According to Fannie Mae the top five reasons people buy a home or aspire to buy a home are: To have a better place to raise their children; A place where their family can feel safe; To have more space; Freedom to renovate to their own taste; … [Read more...]

Realtors® Advocate Housing Finance System Overhaul That Protects Taxpayers and Access to Credit

As lawmakers debate how best to reform the secondary mortgage finance market, they must ensure that any new system retains access to safe, secure and affordable sources of mortgage capital for creditworthy consumers in all market conditions or risk a major disruption to the economy, warned the … [Read more...]

New Sign of Housing Recovery’s Hold?

Out of 350 metros across the country, 52 have returned to or exceeded their pre-recession levels, according to a new index debuted by the National Association of Home Builders and First American.  The newly released Leading Markets Index factors in housing permits, home prices, and employment data … [Read more...]