National News

Single homebuyers require 11 years of saving to afford a down payment

Singles aspiring to become homeowners require patience before they can fulfill this element of the American dream, almost 11 years’ worth, according to a new Zillow analysis. To afford a 20 percent down payment on the average U.S. home,

Despite difficulties, more people want to own homes

According to new analysis of a consumer survey from the National Association of Realtors, the vast majority of non-homeowners said that they want to own a home in the future. NAR recently analyzed the results of its 2017 Housing

CoreLogic: Home prices increase for fifth consecutive month

Home prices continue to significantly rise both year over year and month over month, according to CoreLogic’s Home Price Index (HPI). U.S. home prices in December 2017 were a substantial 6.6 percent more than December 2016 and 0.5 percent more

National Real Estate News Briefs: NAR suspends open architecture project, cash purchases hit new high and more

The Realtors Property Resource (RPR), a subsidiary owned by the National Association of Realtors, is suspending its Advanced Multi-List Platform project and will promptly start to wind down its operations. NAR CEO Bob Goldberg made the decision to cut

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Seller profits hit 10-year high

Home sellers in Q4 2017 reaped an average home price gain since purchase of $54,000, the highest since Q3 2007, according to ATTOM Data Solutions’ Year-End and Q4 2017 U.S. Home Sales Report. In comparison, the average from the

Pending home sales rise for third consecutive month

For the third consecutive month, pending home sales rose slightly in December, according to the National Association of Realtors. The Pending Home Sales Index, an indicator based on contract signings, rose to 110.1 in December, an increase of 0.5

Report reveals most financially valuable home projects

In this year’s Cost vs. Value report from Remodeling Magazine, “curb appeal” projects led the way with increases in value. The report measured the average payback for 21 common professional remodeling projects in 149 major U.S. markets. While only

Breaking down the barriers of real estate investment: A Q&A with Peter Vekselman from WeLend

Peter Vekselman has been working in the real estate industry for almost 20 years and completed more than 3,500 deals. With offices in Georgia, Florida and California, Vekselman has seen first hand the hurdles and difficulties that can come along

US housing market has recovered from crisis, but some markets still fall behind

Despite gradual but continued recovery in most housing markets in the United States since the recession wreaked havoc on the country, there is still major disparity due to uneven shifts and progression in individual market values. According to a

Luxury home sales increased to close out 2017

In its latest luxury market report, Redfin found that luxury home prices in the U.S. rose 7.4 percent year over year to an average of $1.76 million in the fourth quarter of 2017. The analysis tracked home sales in over 1,000

Millennials face implications in the housing market

Several long-term economic factors, including the explosion of student debt, are making homeownership a distant goal for most millennials. In a new Apartment List report, a renter survey that elicited responses from more than 11,000 millennials across the United States,

Despite decline in December, 2017 still the best year for home sales in 11 years

Although most of the country experienced a decline in existing home sales in December, 2017 overall was the best year for sales in 11 years. They were up 1.1 percent from 2016, according to a recent report from the National

Mortgage industry top originator Risha Kilaru joins Guaranteed Rate

With 11 years of mortgage lending experience, top loan originator Risha Kilaru has joined Guaranteed Rate as Vice President of Mortgage Lending in California. Kilaru originated over $700 million in the last three years, including more than $268 million

Buying a home more affordable than renting in over half of US housing markets

ATTOM Data Solutions released its 2018 Rental Affordability Report, which showed that buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 U.S. counties analyzed. The analysis included recently released fair market rent

Rich, saturated colors and mixed metals among the top home design trends in 2018

Expect urban farmhouse designs, fashion-influenced trends, mixed metals and richly saturated colors to make a splash this year. Angela Nuessle, director at Pulte Homes National Interior Design, recently revealed the latest design and décor trends that are sure to be

Income growth in 2018 not enough to keep pace with increasing home prices

In 2018, home sales, housing construction and house prices are all likely to increase modestly, according to Freddie Mac’s January 2018 Outlook. Home sales are forecasted to reach 6.35 million in 2018, up slightly from 6.17 million in 2017.

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