Real Estate News

Can mortgage growth sustain through the rest of the year?

Published: 02 May 2017

While changes in mortgage applications can be hard to anticipate, it seems the month of May at least has some positive trends to work with. This is based on the update about the state of application rates for the date of April 21. That source found multiple changes to indicate growth, including upticks for the Market Composite Index and the refinance mortgage activity, which grew by 1.6 percent in just a week.

Why millennials might prefer to live in Texas

Published: 01 May 2017

As many sources have shown, much of what millennials look for in the housing market is affordability and a proximity to jobs. While it's easy to guess how expensive some markets might be, it's more difficult to estimate which areas might be most appealing to this demographic.

Report shows higher figures for Q1 property sellers

Published: 01 May 2017

After years of making low or no profit off of home sales, property owners seem to have hit a new stride as of 2017. According to a report from ATTOM Data Solutions, profits for sellers increased in the first quarter of 2017, with several examples of gains throughout the country and a continuation of a possible positive trend from last year.

New student loan rules from Fannie Mae could spur on homeownership

Published: 28 Apr 2017

Student debts are often mentioned as a financial burden, especially for millennial would-be home buyers. On April 25, Fannie Mae announced a program that would allow new owners to work against the balance of their student loans and possibly acquire a home in spite of this. It might not be the only factor that encourages younger buyers, but it could be a strong argument.

Imagining the future of real estate blockchain

Published: 28 Apr 2017

The impact of "blockchain" technology may take over many industries, including real estate. This concept concerns the public, spread out approach to disseminating ledger updates to separate them from one individual owner. Around the world, the implications of blockchain seem to have some possible ramifications for property and title transactions.

Mortgage rates decline despite Fed increase

Published: 28 Apr 2017

Earlier this year, the Federal Reserve made good on its plans to raise the rate for short-term interest. It was one of a series of similar hikes which could happen as soon as this year, but despite this, there seems to have been a decline in mortgage rates.

Change of direction for mortgage rates at end of April

Published: 28 Apr 2017

As April closes out, the mortgage rates seem to be shifting, at least for some classes of loans. In a press release, Bankrate said that mortgages were rebounding, and suggested that may be because of a relative optimism following three weeks of international uncertainty and downward trends.

Census Bureau: New home sales went up in March

Published: 28 Apr 2017

Sales of new homes continued upward last month, according to information from the U.S. Census Bureau. In a joint statement with the Department of Housing and Urban Development, the Bureau said that 621,000 new homes were estimated to have been sold during March (after seasonal adjustments), with a median price of $315,100.

What home-flipping could mean for millennials

Published: 27 Apr 2017

There may be some anxiety over the future of home purchases among younger buyers, but that doesn't mean it isn't happening. In fact, The Los Angeles Times recently wrote about the phenomenon of this demographic deciding to renovate depreciated houses and bring up their value. The article combines the terms "house flipping" and "hipster" to call them "flipsters," but is there a more serious reality here that could be a boon to home sales in the future?

Jobs, housing and migration impact possible housing market future

Published: 27 Apr 2017

New home buyers usually can't settle into their houses if they don't have the means to support themselves. As such, there seems to be a possible link between where jobs open up and where housing might be available, though this obviously can vary a lot. The Redfin Migration Report looked at some of the ways that new trends speak to changes as residents chose new places to live, sometimes several states away from their original homes.

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