Confidence in Housing Teeters

After a positive start to the summer, the confidence consumers have in housing is teetering, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for July. At 86.5, the Index sunk 4.2 percentage points month-over-month, and 0.3 percentage points year-over-year. Twenty-four percent of homebuyers were optimistic about purchasing—a four-percentage point dip from June—and 41 […]

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Affordability Challenges Keep Millennials on the Sidelines

Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason […]

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6 ways homeowners can conserve energy in hot climates

Between rising global temperatures, rising fuel costs and rising demand for indoor space, home energy efficiency is more important than ever before.

Forget a Garage—Buyers Won’t Budge on High-Rated Schools

Buyers have their eyes on schools, and with the irrefutable link between the quality of schools and values, a district with high ratings trumps all—even coveted features of a home, according to a new realtor.com® survey. To get into their desired district, 78 percent of the homebuyers surveyed had to let go of something on […]

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Confidence in Housing Slightly Wilts

The confidence consumers have in housing is slightly wilting, as homebuyers are immobilized by sparse supply, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for June. At 90.7, the Index flattened 1.6 percentage points month-over-month, but remains up by 2.4 percentage points year-over-year. Twenty-eight percent of homebuyers are optimistic about purchasing—no change from […]

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Millennial Buyers Face a Tough Housing Market

(TNS)—Yvonne Jimenez Smith and her husband, Brandon Smith, spoke in whispers recently as they visited a white stucco house they planned to buy on a leafy street in San Jose, Calif. After six months of aggressive hunting, they were on their way to a small suburban home of their own after spending most of their […]

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Report: Buying Is Eating Up More Income

A bigger piece of the pie. The average homeowner is forking over 17.1 percent of their income for their mortgage, an allocation that has grown from 15.9 percent in 2017, according to a recent report by Zillow. The increase is the second-most significant since the recession. Why the jump? “For the past few years, historically […]

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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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For Buyers, Credit Matters—but How Much?

Borrowers not as creditworthy as others often have higher mortgage payments; in fact, according to an analysis recently released by Zillow, the average borrower categorized with credit as “fair” can be on the hook for $21,000 more than a borrower with an “excellent” score. Here’s how: Borrower A has a credit score that’s stellar (“excellent”), […]

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