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 […]

NAHB Releases Remodeling by Zip Cost Estimates for 2017

The National Association of Home Builders (“NAHB”) recently released its latest projections of spending on improvements to owner-occupied housing by zip code. The projections show total spending on improvements, the number of owner-occupied homes, as well as average spending per improvement, in each of over 26,000 zip codes for calendar year 2017. NAHB’s improvement spending […]

Here Are 3 Ways to Help Consumers Make Better Home-Buying Decisions

A mortgage company recently conducted a consumer survey regarding the home-buying process. One of the key findings was that consumers spend more time selecting a TV than choosing their lender or real estate agent.  While today’s buyers have access to more resources than ever before, the plethora of information can be overwhelming, leaving them lost […]

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. Read more about this topic at: https://www.rentcafe.com/blog/rental-market/real-estate-news/suburbs-gaining-more-renters-than-cities/

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 […]