Buyer Demand High As Summer Winds Down

There is no shortage of Americans who want to buy homes. In fact, buyer demand has been high all year. But despite growing interest in homeownership, home sales have not had a breakthrough year. Why is that? Well, according to Lawrence Yun, the National Association of … [Read more...]

Mortgage Rates Mostly Steady Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly steady last week, with small increases seen for 30-year fixed-rate mortgages, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. … [Read more...]

Debt May Be Holding Millennial Buyers Back

A new survey of millennials from the National Association of Realtors and American Student Assistance finds that nearly 80 percent of respondents said they took out a student loan in order to pay for college. Among them, just over half have a balance of more than $40,000. … [Read more...]

New Home Market Strong But Uncertain

The market for newly built single-family homes is an important barometer for the health of the overall housing market. Where new homes are being bought and sold, home prices and inventory levels are usually more balanced and home buyers have more choices. For that reason, … [Read more...]

Renting A Home Is Getting More Expensive

Many people assume that renting is always going to be cheaper than buying a house. Mostly, this is because of the upfront costs associated with buying. Having to come up with closing costs and a down payment, in addition to taking on a monthly mortgage payment can be … [Read more...]

Do Millennials Care About Homeownership?

The American Dream is an abstract concept but always seems to include the idea of owning a home. Buying a home, for generations of Americans, has been seen as an achievement to strive for and be proud of. But do young Americans today feel the same way about homeownership? … [Read more...]

Mortgage Rates At Lowest Level In Nearly A Year

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week for 30-year fixed-rate loans with conforming loan balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The decline … [Read more...]

Homeowners Often Overestimate Their Home’s Value

American homeowners may be overestimating their home's worth, according to new data. The research shows appraisals in August were 1.35 percent lower than homeowners expected. There are a couple of reasons this could be happening. First, there has been a lot of attention paid … [Read more...]

Home Buyers Say They Want More Outdoor Space

Because the size of the typical newly built American home continues to grow larger and larger, it'd be a fair assumption that what home buyers want more than anything is square footage. However, a new survey conducted by Wakefield Research found that 56 percent of surveyed … [Read more...]

U.S. Homeowners See Big Returns From Selling

The real estate market is hard to time. That's why you should buy a house because you want to become a homeowner and stay somewhere for awhile, not because you hope to make money off the eventual sale of your house. However, new data shows that recent home sellers who've … [Read more...]