National News

Starter home market is worst of all housing segments

The starter home sector is faring worse than the housing market as a whole, according to a recent report by Trulia. Despite overall housing inventory being up 3.3 percent, starter home inventory decreased 14.2 percent from last year to this

The effect of tax reforms on homeownership

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

Real Estate in Brief: Affordable 3-D printed home makes its debut at SXSW

Source: ICON A Texas-based startup is attempting to tackle the affordable housing issue with a 3-D printed house. ICON unveiled its 650-square-foot 3-D printed house at SXSW 2018. The house would be made of cement and take up to

Qualia’s home-closing platform expands industry reach

Closing is often one of the hardest parts of the home purchasing and selling process due to the difficult process of getting all involved parties on the same page at the same time. Qualia, a web-based software platform, aims

Millennials remain the most active buying generation for fifth consecutive year

Despite low inventory and rising housing costs, home purchases by millennials grew last year, marking the fifth consecutive year they’ve been the most active generation of buyers, according to a recent study from the National Association of Realtors. The 2018

Many millennials rely on family support to buy first home

The real estate market has shown home price increases continue to outpace income growth, so it comes as no surprise that millennials are willing to accept financial assistance to achieve their American Dream. A new Apartment List report found that 17.1

National mortgage rates on the rise, could impact housing prices

Years of historically affordable mortgage rates could come to an end as rates rise and are expected to escalate even further throughout 2018. So far, mortgage rates have increased nearly 50 basis points since the beginning of this year,

Real Estate in Brief: NAR supports proposed association health plan rule

The National Association of Realtors has expressed support for a new regulation proposed by the U.S. Department of Labor that would expand the definition of “employer” to encompass “working owners” and could result in trade associations like NAR being able

2017’s first-time homebuyer market was strongest since 2006

In 2017, more than 2 million new or existing homes were purchased by first-time homebuyers, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. The report, which measured data from the

Hispanic homeownership continues five-year growth streak in 2017

In recent years, Hispanics have accounted for more of the U.S. population growth than any other race or ethnicity, and they’re having a huge effect on the country’s housing market. According to a new report from the Hispanic Wealth

Despite costs, millennials gravitate toward large cities

Millennials are flocking to tech hubs and cultural hot spots in search a good time and promising earning potential. In a recent analysis, the data team at realtor.com found that millennials are willing to bear the extra expenses of

Berkshire Hathaway HomeServices adds first international franchisee

Warren Buffett’s real estate company, Berkshire Hathaway HomeServices, announced on March 5 its purchase of Berlin-based Rubina Real Estate GmbH, which marks its first international franchisee. The German company, which is led by Carstein Heinreich, will change its name in

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Real Estate in Brief: Dodd-Frank rewrite set for Senate vote

A Dodd-Frank rewrite is headed to the U.S. Senate floor for a vote, according to Bloomberg. The Economic Growth, Regulatory Relief and Consumer Protection Act would roll back or eliminate parts of the Dodd-Frank Act, including relieving smaller lenders

Redfin: More homebuyers than ever bid on homes before seeing them in person

More than one-third of people — 35 percent — who bought homes last year submitted a bid without ever seeing the homes in person. According to a recent Redfin, this is an increase from 33 percent in May 2017 and significantly

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