National News

Consumers believe it is a sellers market, survey says

Fannie Mae’s Home Purchase Sentiment Index (HPSI) saw a slight drop of .05 percentage points to 86.2, according to the National Housing Survey report for May 2017. This drop is due to decreases in three categories being larger on-net

Home prices forecasted to continue rising through next year

Home prices continue to rise on both a year-over-year and monthly basis, and will continue to do so through the next year, according to CoreLogic’s latest report. CoreLogic’s April Home Price Index (HPI) found that home prices have increased

Zillow’s “Instant Offers” disrupts real estate community

A newly launched Zillow feature called “Instant Offers” is causing concern with some agents who worry the company is pushing them out of the homeselling equation. Instant Offers is a completely online approach to selling homes that has launched

Leading Real Estate Companies of the World hires new vice chairman

The chairman and chief executive of a leading New York real estate firm will become the vice chairman of the Leading Real Estate Companies of the World, the organization announced Thursday. Diane M. Ramirez, CEO of Halstead Real Estate,

Young family with real estate agent at an open house.
Cool, neutral paint colors may help increase home sales, study says

Choosing the right paint colors can make a major difference when it comes to home sales, according to a Zillow study. Zillow conducted its 2017 Paint Color Analysis of more than 32,000 photos of U.S. homes sold between 2010

This year’s blistering start to the homebuying season cooled in April, NAR says

After a hot start to the homebuying season, pending home sales in April slumped for the second consecutive month thanks in part to “astoundingly” low inventory, according to the National Association of Realtors. NAR’s pending home sales index shows

Home prices continue to hit record highs in March

Home prices hit a 33-month high in March on S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which continues the trend of rising home prices across the nation. The index saw a 5.8 percent annual gain in March,

Atlanta home values surpass pre-recession peak, study says

It took a decade to get there, but the average United States house is now worth more than it was when the median home value hit its peak right before the recession.  According to Zillow’s April market report, April

Existing home sales fall in April due to low supply

Low inventory led to decreasing existing home sales and days on market in April, according to the National Association of Realtors. The median days on market also declined, reaching a new low of 29 days. Total existing home sales,

New home sizes shrink as demand for entry-level homes increases

After the 2009 recession, single-family home sizes have been increasing. But lately, that trend has been changing as builders are capitalizing on the demand for starter homes, according to the National Association of Home Builders. The median single-family square

Donald Trump
Trump’s tax plan a ‘non-starter’ for homeowners, NAR says

Though it would keep in place mortgage interest deductions, changes to the federal tax code proposed by President Donald Trump would hurt homeowners and the real estate industry, according to the National Association of Realtors. NAR commissioned PricewaterhouseCoopers to

Zillow’s ‘Zestimate’ facing class-action lawsuit

The Zestimate, Zillow’s algorithm-based property estimate tool, has long been a source of frustration for agents and those listing their homes. Now, the feature on Zillow’s popular website has officially come under fire, as two lawsuits against the online

Homes are selling faster than ever as inventory tightens

Demand for homes continues to grow as houses are selling faster than every before, according to Redfin. Typical homes went under contract in 40 days in April, 10 days faster than the previous year, making April Redfin’s fastest month on

Townhouse construction grows to help meet starter home demand

Despite a recent lull in growth, townhouse construction proves to be a crucial part of the entry-level housing market. In fact, a recent report by the National Association of Homebuyers predicts construction of this type of home will increase

Most homebuyers don’t believe in a “forever home”

The concept of a forever home – a single place that will last throughout a person’s life – is a dying idea to most people, according to Taylor Morrison’s 2017 Consumer Survey. The survey looked at 1,000 adults who

Total household debt in first quarter passes pre-recession peak

Total household debt reached $12.73 trillion in the first quarter of 2017, which is above the 2008 peak before the housing market crash and economic downturn, according to new data from the Federal Reserve Bank of New York. However,

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