National News

Real Estate in Brief: Startups fuel home values, the cities on-track for housing boom and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

Online home value estimates: 6 things every agent needs to know

Online, automated home value estimates continue to shake up the industry, and they are only going to have a bigger role in the home buying and selling process as technology improves. Though the new tool might cause headaches for

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamlines the

Zillow: Affordability is at the lowest point since 2009

The burden of rising mortgage rates has become a reality for many homeowners in recent years as buying a home is the least affordable it’s been in over a decade, according to a report from Zillow. Both rising mortgage rates

CoreLogic: Home prices see largest jump in four years

Home prices saw its highest jump in years and show no signs of slowing down, according to the Home Price Index and HPI Forecast for May 2018 from CoreLogic.  CoreLogic reported a 7.1 percent year-over-year rise in home prices from May

Rising mortgage rates are not deterring buyers

A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises. Last month, Redfin conducted a survey of more than 4,000 people who bought or

The summer features that make a home more valuable

Homes listed with summer features can be sold for nearly 10 percent more than homes without the summer features. To figure out which features were the priciest and most sought after, realtor.com conducted a study by looking at homes

Real Estate in Brief: Tariffs increase home prices, Zillow announces public stock offering and more

A nationwide total of 850,000 single-family home starts last year will still not be enough to aide the housing shortage crisis across the country as demand continues to increase. To make matters worse, materials are getting more expensive, making

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

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Homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

How the luxury market is shifting across the country

Millennials have begun to monopolize the home-owning population, and as a result, new cities across the country are transforming into some of the hottest luxury markets for the first time. The Institute for Luxury Home Marketing just released their

How millennial buyers drive the housing market

As millennials begin to enter the housing market, they are becoming the driving force, with millennial buyers making up 42 percent of the it. MetroStudy partnered with Zillow to discover and analyze trends in the housing market among the

US home sellers earned an average of $39,000 in 2017

The average home sale in 2017 generated roughly a $39,000 profit for the sellers, based on recent sales price data as well as historical home prices from Zillow. But after accounting for inflation over the typical time between sales

More homeowners are investing in renovations to help boost resale value

The most popular home renovation projects, like kitchen and bathroom remodels, are the ones that contribute the most to a home’s increased resale value. In fact, two-thirds of renovating homeowners are focused on increasing home resale value, according to

Pending home sales continue to fall in May

For the fifth straight month, pending home sales have fallen, down 2.2 percent from last year, according to the National Association of Realtors (NAR). Pending home sales in May decreased 0.5 percent to 105.9 from 106.4 last month. The reason

Housing and economic outlook shows optimism in housing market

The majority of Americans are still feeling good about the housing market, according to the National Association of Realtors’ Housing Opportunities and Market Experience survey for the second quarter of 2018. The HOME survey found that 68 percent of surveyed

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