Pending Home Sales Underwhelm…Again

Hurricanes Harvey, Irma Could Stop Existing Sales Short of 2016 Pending home sales again underwhelmed in August, down 2.6 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 106.3 in August, down from 109.1 in July. The Index is based on contract signings. “August was another month of […]

Pending home sales drop 2.6% in August; top Realtors economist warns housing market ‘stalled’

It is no longer a blip, but a trend. Home sales are weakening, and they are not expected to improve anytime soon. A monthly index measuring signed contracts to buy existing homes fell 2.6 percent in August compared to July. That is the fifth drop in the past six months and below expectations. The National […]

Stop sugarcoating the housing market: Economist warns that buyers face increasing troubles

From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low. But the nation’s housing market is assuredly unhealthy; in fact, it is increasingly mismatched with today’s buyers. While the big numbers don’t lie, they don’t tell the real truth about the […]

US new home sales fall to 8-month low in August

Sales of new U.S. single-family homes unexpectedly fell in August, hitting their lowest level in eight months, the latest indication that the housing market was slowing. The Commerce Department said on Tuesday new home sales decreased 3.4 percent to a seasonally adjusted annual rate of 560,000 units last month, which was the lowest level since […]

5 Things Buyers Should Never Compromise On

Sure, compromise between the buyer and seller is part of the game when getting to closing. But there are some things buyers should never acquiesce—or they’ll likely regret their home purchase.® recently asked real estate professionals to weigh in on some of the top items their clients regret about the home they bought. 1. […]

11 Design Tricks for Defining Your Open-Plan Dining Space

An open-plan living space gives your home a light and airy feel, but that doesn’t mean it needs to be one sprawlingly large room. Check out these ideas to zone off your dining area and create an intimate space in which to share dinner with friends and family. 1. Zone the floor. You can separate […]

5 Popular Home Trends by Region

Growth in home renovations and remodels has been steady since 2012, and the Residential Remodeling Index predicts continued growth into the future. Many renovations are trending from coast to coast, such as installations to increase energy efficiency, sustainability and security. There are some, however, which are more popular in specific regions. Indoor/Outdoor Living on the […]

How to Choose Hardwood Flooring That Will Get Your House Noticed

As a house flipper, ensuring my renovated properties look great is very important to me. I love walking into homes with hardwood floors. From bamboo to cork to parquet, oak, pine, and mahogany, wood floors give an immediate feeling of quality and luxury. There are seemingly endless varieties, styles and textures of hardwood flooring to […]

Childless Households Shape Real Estate Trends

The fertility rate in the U.S. has dropped to the lowest level on record, and with fewer households having children, consumers’ real estate needs are changing. In 2015, slightly more than 70 percent of households had no children living at home, a three-percentage-point increase from 2011, according to the Census Bureau’s American Housing Survey. Broken […]

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 […]

Tight Inventories Prompt Overbidding

A home in Sunnyvale, Calif., recently sold for a whopping $782,000 above its list price. The four-bed, two-bath home that is less than 2,000 square feet was listed for nearly $1.69 million. But the home attracted more than 20 bids and ended up selling for $2.47 million. “I think it’s the most anything has ever […]

Huggins Homes Week 2 2017 Football Picks

Here are the Huggins Homes football picks for week 2     This week we’re going with the Texans over the Bengals, Ravens over the Browns, Buccaneers over Da Bears, Steelers over the Vikings, Chief over the Eagles, Titans over the Jags, Colts over the Cardinals (even though Luck might not play), Panthers over the […]

Mortgage Applications Surge on Lower Rates

Home buyers and homeowners are taking advantage of some of the lowest interest rates in a year. Mortgage applications for refinancings and home purchases jumped 9.9 percent higher last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Still, the MBA reports the weekly index remains about 19 percent lower the same […]