The Science of Homebuying Psychology: A Study

A recent survey of approximately 3,350 U.S. residents in 11 different metro areas who have either bought a home, sold a home, or plan to do so was conducted in the hopes of uncovering new perspectives and trends amongst recent homebuyers. It didn’t disappoint! The survey—which began back in May 2017 and has since asked […]

NAR: Here are 5 reasons for low homeownership rate

The job market continues to show improvement, and interest rates remain historically low, yet the homeownership rate in the U.S. remains near a 50-year low. The National Association of Realtors recently released a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” which lays out five reasons for the low homeownership rate. NAR released its paper in recognition of National […]

Are the Suburbs Having a Rental Boom?

After the recession, renters—particularly Millennials—were flocking to urban areas, and as such, urban apartment construction surged to record-high levels. But now, a new study shows that’s changing. Renters are now targeting the suburbs in greater numbers. Almost 10 years after the housing crisis, many people are asking themselves: “Where to live now?” During the post-recession […]

Here’s Why the Housing Market Continues to Struggle With Low Inventory

Tight housing inventory supply could put a strain on this year’s spring home-buying season, according to the monthly Outlook released by Freddie Mac. The low supply of inventory continues to push home prices up as they outpace rising incomes. Rising home prices combined with higher interest rates caused affordability to decrease in March. Freddie Mac outlines four reasons […]

Battle Lines Form Over Popular Mortgage Interest Deduction

Treasury Secretary-designee Steven Mnuchin last week raised eyebrows on Capitol Hill and drew scrutiny from business advocates by pointing to potential curbs on the mortgage interest deduction in a CNBC interview. “We’ll cap the mortgage interest, but allow some deductibility,” Mnuchin said on Nov. 30. President-elect Donald Trump’s tax proposal makes no specific changes in […]

Case-Schiller: Home Prices Finally Surpass Record Highs Set a Decade Ago

According to recently released data, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows that home prices have finally surpassed all-time highs set in July 2006 as the housing boom topped out. “Crossing this threshold is largely symbolic,” Trulia Chief Economist Ralph McLaughlin explained. “After controlling for inflation, home prices in the U.S. are […]