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How much school districts matter to new homebuyers

Many homebuyers are willing to compromise on almost anything except location. But according to new survey data from realtor.com, “location” has become synonymous with school district. Of all successful buyers surveyed, 73 percent say school boundaries are “important” to

June 2018 Realtors Confidence Index: Quicker sales, higher prices

The June 2018 Realtors Confidence Index Survey is in, which analyzed the characteristics of buyers and sellers last month as well as issues that affect homeownership and real estate transactions based on the responses of 50,000 Realtors. Overall, the report

Single-family starts in 2017 were under pre-recession levels

There was an increase in single-family home starts in 2017 compared to the year prior, but the national average still fell short of normal levels seen before the recession. The 2017 Survey of Construction, released by the National Association

Realtor.com report ranks most profitable housing markets

Buying a home has always been considered a sure way to increase one’s wealth, but the recent state of the housing market leaves some people hesitant to purchase a home due to persistently high prices. Over the long term,

Fannie, Freddie will not update credit score models in 2018

The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to

Overstock.com enters real estate market with new management site

Overstock.com is breaking into the real estate market with the upcoming launch of O Real Estate, its new property management site. Overstock purchased Houserie in February, establishing a foundation for their overall goal: to be a one-stop real estate

Existing-home sales down in June despite inventory gains

Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate

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Real Estate News in Brief: NAR supports 21st Century Internet Act, $43 million HUD grant and more

Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and

Millennials and baby boomers defy assumed market trends

Millennials and baby boomers, the two largest demographic groups in history, are not as predictable as many home developers thought. UrbanLand reports that millennials — people age 37 and younger — are not too crazy about the urban, renting

Single-family home construction rate drops in June

Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual

Homeownership with no mortgage is a goal for future retirees

Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to

Luxury home market sees significant gains due to upward economic trends

With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million plus homes, sales

The reasons why millennials don’t own a home

Millennials have turned out to be the largest generation in history, but surprisingly, they make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,

Nextdoor teams up with HouseCanary to push market data

Nextdoor, the social network for neighborhoods, announced Tuesday that they will be joining forces with real estate analytics company HouseCanary to push property valuations and forecasts on the social platform. Agents regularly turn to Nextdoor as a resource for

How the residential real estate market has changed over the past decade

The National Association of Realtors analyzed existing home-sale figures for the past ten years, stretching from May 2008 to May 2018. Comparing the analytics from the the month of May across this timeframe, NAR research data specialist Michael Hyman

How teams impact real estate brokerages

About 80 percent of real estate executives agree that teams have facilitated growth in their brokerage’s business over the last five years, according to a new research from an Imprev Thought Leader Study. Teams are becoming increasingly popular and encouraged

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