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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Household incomes failing to catch up to rising home prices, NAR report says

Household incomes across the country are struggling to match rising home costs, making it even tougher on first time buyers, a new report from the National Association of Realtors and realtor.com found.

Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

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Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

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Report: Cohabitating Increasingly Popular

Solo living is becoming more difficult for younger generations, especially for millennials who are struggling to afford rising home prices if they are burdened with student loan debt. And with rental prices rising as well, even solo renting is not a realistic option for some. According to Zillow, a doubled-up household is defined as two […]

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What You Need to Earn to Live in the Cheapest and Priciest Metros

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: 4 Real Estate Deal-Breakers and How to Fix Them Efficiently Live in a Loud Area? Here’s How to Reduce Sound Inside Your Home Fall Maintenance for Your Rental Properties Ever wonder how much bacon you need to […]

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Survey Says: Homeownership Is a Sound Investment—If You Can Afford It

The majority of Americans believe in the wealth-building potential of homeownership, but many are struggling to reconcile the outcome with its cost, according to a new survey by the National Association of REALTORS® (NAR). 84 percent of Americans see homeownership as a good investment, according to the National Association of Realtors®’ 2017 National Housing Pulse […]

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Apartment-Hoppers: Stay Put and Save

Renters can save thousands of dollars by renewing a lease instead of moving to a new rental, according to a recently released analysis by Zillow—a golden opportunity to put savings toward a down payment on a home. Researchers arrived at an average $3,946 in savings by assessing the most recent rent data from the U.S. […]

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Report: Proximity to Family Drives Housing Decisions for Households With Children

Many upper-middle class households with young children are caught between an inability to afford childcare and an inability to sustain on one less income with a stay-at-home parent—a predicament that has a driving force on their housing decisions. According to the Zillow Housing Aspirations Report (ZHAR), many upper-middle class households choose to put down roots […]

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PNC Bank debuts latest budget-based property search tool

Homeownership is a lot more expensive than just your monthly mortgage principal and interest payments, what with property taxes, homeowners association dues and other costs. Some new search tools are built with this in mind …