Mortgage News - Page 18

Rising rents are causing more and more Millennials to move in with mom. According to new data, the number of young adults living with their mom has nearly doubled since 2000.

Millennials aren’t gravitating toward the huge urban centers like most would expect. According to new data, they’re actually heading to smaller towns in the midwest — like Madison, Wisconsin and Grand Rapids, Michigan.

Home price growth is continuing to slow down — though it might not be for long. A new forecast predicts home prices will rise as 2019 plows forward.

Housing inventory has finally stopped its longstanding decline. And even better for first-time homebuyers, starter home inventory is actually on the rise.

Considering a beach house investment or a summer home to occasionally rent out? A new report reveals the best places to buy a beachfront property in 2019.

Referrals are vital to any agent’s career. In fact, according to new data, 17 percent of all real estate agents earn anywhere from $20,000 to $50,000 thanks to agent-to-agent referrals every year.

Data shows that less than home sellers got an average of 7 percent more than their asking price in the last five years. But those who did additional construction before listing? They got three times that.

Keller Williams has become the latest big name brand to join the iBuying game. This month, the national real estate brokerage launches its Keller Offers program, looking to compete with Opendoor, Offerpad and other iBuyers in certain markets.

Home sellers may not be making the bank they were last year, but sales profits are still going strong, historically speaking. According to new data, the average seller saw a 31.5 percent return on investment last quarter — amounting to $57,500 in profits.

President Trump took to Twitter to advise a 1% rate cut and further stimulus from the Federal Reserve.

The national homeownership rate held steady last quarter, hovering around 64 percent. According to one expert, it’s poised to rise even more thanks to an influx of young buyers.

If homebuyers want another sign the market has turned in their favor, last month’s showing activity is the proof. According to new data, home showings were down significantly in March — especially on the West Coast.

Things are looking up for homebuyers on the West Coast. According to new data, the historically hot coastal markets are finally cooling down — and buyers are having an easier time snagging those dream homes.

Homeownership among Hispanic Americans is on the rise. According to a new report, Hispanic homeownership rose to 47.1 percent in 2018 — its highest point since 2010. It also marks the biggest annual gain in homeownership for the cohort in 13 years.

American homebuying power has reached its second-highest point in the last 20 years. According to a new analysis, the average buyer can now afford a home priced as high as $391,037.

Home flipping is once again a major force in the housing market. According to new data, it accounted for more than 10 percent of all home sales last quarter — nearing all-time high levels.

It looks like Generation Z is coming at homeownership faster than Millennials have taken to it. Though many Millennials aren’t buying homes until their 30s, according to a new survey, more than half of Gen Zers plan to buy a home in the next five years — when they’re only 24 to 28.

If you’re holding out hope that home prices will start to decline, you might be in luck. According to new data, the chance of dropping prices is up — especially in the high-cost markets on the West Coast.

Want a home that improves in value? Then you might want to buy near a legal marijuana dispensary. According to new data, dispensaries can boost home values by $22,000 or more.