National

Half of Homes Past Pre-Recession Values

July 31st, 2018
Half of the homes—50.4 percent—in the nation are past their peaks prior to the recession, with 21 of the 35 largest markets at the milestone value, according to the June Zillow® Real Estate Market Report. Based on the Zillow Home...

Existing-Home Sales Stuck

August 22nd, 2018
Another Month, Another Sales Slump For the fourth month straight, existing-home sales slid, the National Association of REALTORS® (NAR) reports. Activity declined 0.7 percent in July, to 5.34 million, down 1.5 percent from the prior year. Inventory rewound, as well,...

$1 Buys the Most Space In…

September 4th, 2018
Every housing market is unique—in one area, your budget can equal lots of space, and in another, it can mean no spare square footage. Nationwide, the ratio has shrunk, according to an analysis newly released by Zillow. Twenty years ago,...

It’s a Sellers’ Market—but Not for Millennials: Report

September 30th, 2018
Even as homeowners, millennials are drawing the short straw. According to the 2018 Zillow Group Report on Consumer Housing Trends, newly released, millennial sellers—even with the proverbial “upper hand”—are having to change their closing date or cut their list price....

Case-Shiller: Housing Market Pressured by Prices

July 31st, 2018
Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year. “Not only are prices rising consistently; they are...

New-Home Sales Still Weighed Down

August 23rd, 2018
July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700. “Although this month marks the lowest sales pace since...

CEO Exchange Keynote: Leadership, in Every Sense of the Word

September 9th, 2018
Credit: PlanOmatic Against a backdrop of changing consumer preferences, technology and shifts in Washington, brokerages are navigating new territory—one where the customer experience is tops, and creativity, inclusiveness and leadership are non-negotiables for success. For Paul Boomsma, CEO of the...

Student Loan Debt a Homeownership Barrier for Women and Millennials

October 2nd, 2018
Rising interest rates, a seller’s market and increasing home values…these are just a few of today’s market challenges for buyers. While 92 percent of adults say homeownership is an important part of the American Dream, student loan debt is the...

Building Momentum for Mortgage Rates

August 4th, 2018
There is a building momentum in mortgage rates, with the average 30-year, fixed rate up for the second straight week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 30-year fixed increased to 4.6 percent, up from 4.54...

Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

August 26th, 2018
Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months,...
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