Across the U.S., Affordability and Inventory Remain Unbalanced

Fewer homes are priced within reach today, according to the REALTORS® Affordability Distribution Curve and Score from the National Association of REALTORS® (NAR) and®. Affordability is being challenged by increasing prices and rates, the report states. Affordability is most untenable in California, Hawaii, Montana, Oregon, Rhode Island and Washington, D.C.—all with “Affordability Scores” considerably […]

U.S., U.K. Warn of Russian Cyberattacks to Private Homes

The U.S. and Britain have issued a warning about Russian cyberattacks that could extend to individual homes. The warning was the first of its kind, The New York Times reports. The warning extends to possible cyberattacks to government and private organizations in both countries as well. The countries are asking the public to upgrade passwords […]

The source of home price movement: buyer purchasing power

Buyer purchasing power is one of the biggest influences on home prices. When buyer purchasing power falls, home prices are likely to follow. When purchasing power rises, the seller’s outlook for a rise in pricing is good. The buyer purchasing power index (BPPI) is negative in the first quarter (Q1) of 2018 due to higher fixed […]

No relief in sight: Housing affordability is weakening at the fastest pace in a quarter century

It is the perfect storm: Rising home prices, rising mortgage rates and rising demand are colliding with a critical shortage of homes for sale. And all of that is slamming housing affordability, which is causing more of today’s buyers to overstretch their budgets. This year, affordability — a metric based solely on the amount of […]

Zillow shares plunge 9 percent on the company’s plan to start flipping homes

Zillow shares plunged 9 percent on Friday after the online real estate database company announced it will begin buying and selling homes, a capital-intensive endeavor. With Zillow’s new program, announced on Thursday, home sellers in the test markets of Phoenix and Las Vegas will be able to use Zillow’s platform to compare offers from potential […]

Earthquake Preparedness Tips That Will Get Your Family Ready For An Emergency

We all do it. We get a little comfortable in our day-to-day lives and we get lazy about safety measures. And then we get a reminder, like the recent 5.3 earthquake in Southern California. In light of the trembler, it’s a good time to revisit earthquake preparedness and take steps to incorporate safety measures into […]

Affordability Challenged in Over Half of Markets: Report

Affordability is being crunched in 68 percent of, or 304 out of 446, counties in the U.S., according to ATTOM Data Solutions Q1 2018 U.S. Home Affordability Report. Buyers, in other words, are not earning enough to make monthly payments on a property. Analysts at ATTOM considered a 3 percent down payment and a 28 […]

5 Things a Federal Reserve Interest Rate Hike Means for Your Wallet

(TNS)—Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. The reality is the Fed’s action will have a more lasting impact on your wallet. The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate […]

Top 10 Cities for Sellers This Year

Seven of the top 10 cities to sell a home in 2018 are in California, according to new rankings by SmartAsset, a personal financial website. Many markets in the state are breaking records for home prices, which means sellers are seeing hefty profits. High buyer demand and low inventory also are leading to quicker sales. […]

Where Middle-Class Buyers Aren’t Squeezed

Middle-class earners are being hit with income stagnation, rising housing costs, and increasing debt loads, but there are several markets across the country that could offer relief. The middle class is defined as households who earn between $42,000 to $125,000 annually, according to the Pew Research Center.® analyzed the nation’s 100 largest metros with […]

US home prices post 6.2% annual gain in January

U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index climbed 6.2 percent in January from a year earlier. That nearly matches December’s 6.3 percent gain, which had been the fastest 12-month growth […]

How Much Renting Is Costing Millennials

By the time millennials turn 30, they will have paid $92,600 in rent, according to a new study by RentCafe, a nationwide listing service for rentals. It’s more than previous generations paid when they were between the ages of 22 and 30. RentCafe researchers studied how much millennials, Generation X members, and baby boomers spent […]

Again, Rents Start Up: Zillow

Appreciation Fastest in 21 Months The ebb-and-flow in rents is shifting. According to the latest Real Estate Market Report by Zillow, annual appreciation in February was 2.8 percent—the fastest it has been in roughly two years. With the median, nationally, at $1,445, and home prices rocketing, there can be some struggle, says Aaron Terrazas, senior […]

New home sales fall for third straight month in February

Sales of new U.S. single-family homes unexpectedly fell for a third straight month in February, weighed down by steep declines in the Midwest and West. The Commerce Department said on Friday new home sales dropped 0.6 percent to a seasonally adjusted annual rate of 618,000 units last month. January’s sales pace was revised up to […]

Low Inventory, Rising Rates and a Bustling Spring Market

Spring is here, and, with it, a busy home-buying and -selling season. While real estate markets can vary widely by region, housing is currently seeing similar developments across the country. The Kiplinger Letter, an online source for personal finance advice and business forecasts, recently shared spring market trends. According to Kiplinger’s David Payne, staff economist, […]

Is Open Shelving in the Kitchen Smart and Stylish or Wildly Impractical?

  Photo by Crown Point Cabinetry/Houzz   Has open shelving caught your eye? Whether on Pinterest or a dog-eared page in a glossy shelter magazine, open shelving in the kitchen is all the rage. It’s a look with universal appeal. This versatile design choice works in the city and the country; it’s equally suited for a rustic farmhouse-style home and a […]

Existing-Home Sales Rally

Existing-home sales in February rallied, bouncing back from a slog at the start of the year, the National Association of REALTORS® (NAR) reports. Sales increased 3 percent to 5.54 million, marking a 1.1 percent increase from one year prior. Inventory increased, as well, 4.6 percent to 1.59 million, but remained 8.1 percent lower than one […]

Rents Are Growing the Most in Small Markets

Nineteen of the 20 largest rent increases over the past year occurred in smaller cities, according to a new report released by RENTCafe, using Yardi Matrix data. Cities like Odessa, Texas, and Midland, Texas, are posting rent increases of nearly 40 percent and 36 percent year over year, respectively—the highest in the country. “The remarkable […]