Real Estate News

New buyers face shortage of starter homes

Published: 21 Sep 2017

Millions of young adults across the U.S. may now have dreams of homeownership, but they often might not be able to find the properties that fit their specific needs. That's because there's a clear lack of lower-priced, smaller homes that are ideal for first-time buyers available in most major housing markets nationwide. Moreover, it's an issue that's not likely to be sorted out any time soon.

First-time buyers hold significant sway in housing market

Published: 19 Sep 2017

When the portion of the mortgage market taken up by homebuyers, rather than refinancers, was in the doldrums, industry experts remained assured of one fact. If and when the millennial generation in particular was able to shift into buying mode, sales would take off like a shot. Now, that's finally starting to happen in earnest, and indeed, it's now expected to continue for some time.

Still many positive indicators in the housing market

Published: 14 Sep 2017

As the summer comes to a close, many housing industry veterans might expect the market to cool down with the temperature. However, the last several months have shown that this is no ordinary housing market, and the activity seen within it during the month of August may portend a stronger autumn than has been common in recent years.

First-time buyers more active, face inventory, cost issues

Published: 12 Sep 2017

One of the driving forces in the housing sector over the past few years has been interest among first-time buyers because they represent such a large percentage of the overall market. With this fact in mind, it should come as no surprise that their buying power only continues to grow as the economy improves, and in the second quarter of 2017, their activity reached levels not seen in nearly two decades.

Mortgage risk dropping in recent months

Published: 11 Sep 2017

Mortgage risk was perhaps one of the biggest concerns in the housing market as a whole over the past several years, and many lenders may still be cautious about the issue even now, years after the recession came to an end. However, while problems with home loans - both before and after they've been signed - persist, they're at some of the lowest levels seen in quite some time.

Mortgage rates continue to drop, but for how much longer?

Published: 07 Sep 2017

Over the past several months, mortgage rates have hovered below 4 percent despite an improving economy that many might have otherwise expected to lead to declining home affordability. That activity was certainly a trend that continued through the end of August, extending current homeowners and would-be buyers alike an opportunity to lock in a near-historically good deal on their home loans, but experts also caution the trend isn't likely to last much longer.

What is title insurance?

Published: 31 Aug 2017

There are many moving parts during the home sales process that can be difficult for many first-timers to navigate. However, striving to learn as much as possible about the process - and all the tertiary issues that come with it - is vital to getting through it successfully. With this in mind, it may be particularly important to learn a little bit about title insurance, what it does, and how it can be a big relief in certain cases.

Mortgage rates continue to hover near 2017 lows

Published: 24 Aug 2017

Experts repeatedly warned consumers that mortgage rates were supposed to rise slowly but surely over the course of 2017, to levels not seen in the housing market in some time. After all, rates in the 3 percent range were an historical anomaly, and were never going to last forever. However, even after a spike in rates seen in late 2016 and into the first few months of the new year, rates have continued to sink back toward lower levels.

Millennials eager to buy, but boomers aren't eager to sell

Published: 22 Aug 2017

Over the past few years, one of the biggest issues housing market experts have cited when it comes to relatively slow sales numbers has been the lack of millennial participation in the homebuying process. However, that has begun to change more recently, with young adults exhibiting massive demand for homes but not actually being able to buy them.

Mortgages continue to get easier to obtain

Published: 17 Aug 2017

The improving economy has put a lot of would-be homebuyers in a position to get into the market over the past few years, and today's extreme demand for listed homes highlights that effectively. However, it's worth noting that lenders haven't loosened their standards as much as some might expect given the economic recovery over the past few years, and there are plenty of reasons why that might be the case.

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