National News

Survey: Buying homes is the most stressful event in modern life for Americans

Source: homes.com Purchasing a home is meant to be a joyful accomplishment, but many Americans found the the event to be stressful. A new survey from Homes.com found that nearly 40 percent of Americans said purchasing a new home

Real Estate in Brief: Well Fargo pays $2.1 billion fine, West Coast faces double-digit price increases and more

Wells Fargo agreed to pay a $2.1 billion fine in order to settle allegations of misrepresenting the types of mortgages the company sold to investors during the housing crisis, according to the Chicago Sun Times. Although the amount seems

Many millennials are prioritizing homeownership over retirement, debt payoff

Despite the high amounts of debt that plague many millennials, home ownership is still at the top of their priority list. For them, achieving the American Dream means buying a home early, even if that means dipping into retirement

Builder confidence continues to grow in 55+ housing market

Builders continue to show confidence in the 55+ housing market as the second quarter index increases to 67, one point up from last quarter. According to survey results, the National Association of Home Builders (NAHB) 55+ Housing Market Index

Wire transfer fraud: What agents can do to prevent it

In 2017, the real estate industry saw almost $1 billion in attempted or diverted funds from buyers, sellers, title companies and escrow agencies into the pockets of online hackers. Wire transfer fraud is not a new problem for the

Smart home technology is the new standard

In today’s digital age, novel inventions that once seemed like an unrealistic dream such as self-driving cars and virtual reality have become an integral part of everyday life. Just as Tesla is revolutionizing the automobile industry, smart homes are

Major cities across the nation see an increase in housing inventory

The lack of inventory has been troubling on the housing market, but a new report shows some areas in the U.S. are seeing an increase in inventory. Realtor.com released its Monthly Housing Trend report for July 2018, and according

Millennials are buying homes before marriage

Recent trends in the housing market suggest that couples are reversing what used to be considered the norm: they are buying homes before marriage. The share of unmarried homeowners has spiked significantly in recent years, according to a report

Congress passes short-term flood insurance extension

In a last-ditch effort to maintain some sort of flood insurance for homeowners, Senate passed another short-term extension of the National Flood Insurance Program (NFIP) on the day that the current program was set to expire, according to HousingWire.

What will new homes look like in 2036?

Owning a home is a substantial part of the American dream. People have their dream homes that change and grow with the times. A new report from Porch predicts what new housing trends will dominate the housing market in

Gen X sees the highest wealth recovery from the housing crash

The Great Recession hit all generations hard, but now experts are finding that those affected by the recession are on the ups. Millennials, Gen Xers, Baby Boomers and the Silent generations all experienced hardships as a result of the

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Breaking down homebuilding costs in 2018

While the price of building a new home may be more than the cost to buy a pre-owned one, building a home allows buyers to design the home with the features they want. According to a Trulia study, 41

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Sluggish mortgage rate growth could help home sales

As home prices continue to reach record-high levels, even modest increases in the inventory of homes for sale have not been enough to improve the picture for homebuyers in the second half of 2018. But winds could be shifting

Real Estate in Brief: Majority of prospective buyers are first-time homebuyers and more

In the second quarter of 2018, fewer people plan to buy a home in the next 12 months than recorded in previous quarters, according to the National Association of Builders Housing Trends Report. Just 14 percent of adults are

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Young adults post best gains in Q2 US homeownership rate

The U.S. Census Bureau’s latest report on the national homeownership rate updated through the second quarter of 2018 showed no statistically significant change in the figure from the previous quarter or the same time last year. The rate stood

Pending home sales up with supply increasing across the nation

The worst of 2018’s inventory crunch may be coming to an end, according to recent data from the NAR’s pending home sales report. Nationally, the pending home sales index (PHSI) saw a 0.9 percent uptick in June, jumping from

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