Entry-Level Housing Recovery Unsteady

Entry-level homes came in last in the recession, hit hard by sinking values—and now, they are the last to recover, according to the August Zillow® Real Estate Market Reports. Starter homes in 24 of the 35 largest metropolitan areas, or roughly 69 percent, are struggling to regain value, even with the national median value up […]

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Economic Forecast Perks Up

Analysts are amending their economic forecast due to higher GDP expectations, even as Hurricanes Harvey and Irma weigh on growth, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for September 2017. The Outlook projects the economy will perk up 2.2 percent over the course of the year, […]

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Existing-Home Sales Flounder in August

Existing-home sales floundered in August, posting higher than one year prior but lower than in July, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.35 million, a 1.7 percent decrease from July but a 0.2 percent increase from one year prior. Inventory decreased 2.1 percent to 1.88 million, 6.5 percent below one year […]

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College Debt Is Postponing Homeownership—but by How Long?

College debt is having a compounding effect on how millennials perceive and plan for homeownership. Eighty-three percent of millennials in a recently released report by the National Association of REALTORS® (NAR) say they are delaying their home-buying plans by a median seven years as a result of their student loan debt. Twenty percent of the […]

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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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The State of Real Estate: ‘The Good, the Bad and the Ugly’

HomeServices Chairman Kicks Off RISMedia CEO Exchange With Candid Look at Industry Set within the hallowed halls of the Harvard Club of New York City, RISMedia’s 2017 Real Estate CEO Exchange opened last week with a candid look at the state of the real estate union from HomeServices of America Chairman and CEO Ron Peltier. […]

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Mortgage Rates Show Little Movement

Mortgage rates showed little movement this week, with the 30-year, fixed rate averaging 3.78 percent, unchanged from the week prior, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.08 percent, also unchanged from the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.13 percent, […]

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Demand for House Rentals Intensifies

Apartment rents are appreciating less than house rents, thanks to shifting demand for single-family rentals, according to a recent analysis by Zillow. Apartment rents nationally increased a median 0.5 percent, to $1,551, year-over-year—relatively flat—while house rents increased 1.3 percent to $1,404. Several colliding factors are driving the trend, says Dr. Svenja Gudell, chief economist at […]

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Appraisers Again Burst Homeowner Expectations

Appraisers again burst homeowner expectations in August, arriving at values 1.35 percent lower than what homeowners expected, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 2.64 percent year-over-year. A summary of the HPPI: A home’s value, or its […]

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Commercial Real Estate to Soften, but Still on Solid Footing

Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of REALTORS® (NAR) quarterly commercial real estate forecast. Backed by the ongoing stretch of outstanding job […]

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