The Most Common Housing Style in the U.S.

The detached single-family home may dominate in a large portion of the U.S., but in many cities across the country, the growing urban population and lack of space may make this type of home less common in the future. Read more: Guide to Residential Styles To track and chart the most common … [Read more...]

Harvard: 5 Financial Reasons to Buy a Home

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. This year he released a new paper on homeownership - The Dream Lives On: the Future of … [Read more...]

5 Reasons to Buy A Home Now Instead of Spring

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying: Supply Is Shrinking With inventory declining in many regions, finding a home of your … [Read more...]

Buying Frenzy Starting to Cool?

Bidding wars in recent months have fueled large gains in home values in some parts of the country, particularly states like California, Arizona, and Nevada. But bidding wars and the buying frenzy from a few months ago are showing signs of cooling, at a time when housing affordability has been … [Read more...]

Hidden Hazards of Buying Foreclosed

Buying a foreclosed home can seem like a dream. What could be better than getting a home for a fraction of the market value? Some may even say that the deals sound like they could be too good to be true. In some cases, those doubters aren't too far off the mark. There are some hidden dangers in … [Read more...]

Existing Home Sale Spike in July

Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors®.   NAR chief economist, said changes in affordability are impacting the market. “Mortgage interest rates are at the … [Read more...]

Selling a House – What does it take to Sell It

ACCESS A seller should be willing to give almost unlimited access to potential purchasers if they are looking to sell. Any restrictions to showing the home will result in fewer buyers which could result in a lower price, a longer time on market or both. CONDITION Condition goes a long way in … [Read more...]

The cost of waiting to buy

We often talk about the potential cost of waiting to buy a home. Today, we want to look at the actual cost for someone who waited over the last year. We used a 10% increase in house values as prices have gone up by double digits in the country on average. We looked at approximate mortgage rates last … [Read more...]

Hispanic Buyers: Upscale Latinos Provide Opportunity

If you are asked to imagine a Hispanic family, what comes to your mind? A low income family or do you think of Jennifer Lopez and her family.  Who are the Latinos/Hispanics moving into your marketplace? At the 2013 AHAA (Association of Hispanic Advertising Agencies) Conference, they released a … [Read more...]

Where Are Mortgage Rates Heading

Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%. When recently asked, Zillow’s director of Mortgage … [Read more...]