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Homebuyers with lower credit scores pay nearly $21,000 more in mortgage costs

Determining how much they could spend on a home was the most frequently named financing concern among a third of all U.S. buyers during the home buying process. A major factor in what a homebuyer can afford is their

Luxury homes prices up nearly 8 percent in the first quarter

Luxury home prices rise nearly 8 percent to average sales price of $1.8 million in the first quarter of 2018, according to a new report from Redfin. An analysis of over 1,000 cities by Redfin indicates prices of the top five percent

Builders begin to refocus on entry-level homes

Low inventory is impacting home sales across the country and one of the categories that have been hardest hit are entry-level homes. However, according to the latest survey from Builder Online, builders are starting to hone in on starter

Real Estate in Brief: Expected home appraisals at best level in three years, and more

In the past year, appraisals are more likely to be in line with, or even higher than, owners estimate. Appraised values were just 0.33 percent lower than what homeowners expected, according to National Quicken Loans Home Price Perception Index.

Single women buying twice as many homes as single men, study says

While the overwhelming majority of homebuyers are married couples, it is women who make up the larger share of sales among single people, according to the National Association of Realtors. Single women are the second-most common homebuyer, accounting for

Home price increase in 2018 as inventory lags

Home prices are creeping up across the country as inventory continues to hover near all-time lows, according to the National Association of Realtors first quarter report. Total existing home sales declined slightly in the first quarter of 2018 versus

Amazon and Lennar partner to create Alexa-controlled smart homes

Amazon and Lennar announced its new partnership to provide Alexa-enabled smart homes in certain markets across the country. Homebuyers can get homes that come with features that can be controlled with Alexa including Wi-Fi, smart locks, doorbells, thermostats and

Hispanic homeownership rates, household wealth keep increasing

Household wealth is increasing among America’s Hispanic population, according to The Hispanic Wealth Project’s 2018 Annual Report. The Hispanic Wealth Project has been working to achieve their goal set in 2014 of tripling Hispanic household wealth by 2024. One

Majority of Americans still think now is a good time to buy

Most Americans think home prices in their area are going to rise, but the majority also still think that now is a good time to buy, according to the latest Gallup poll. Gallup’s annual Economy and Personal Finance poll

Recent college graduates are living at home more often

Today’s graduates are more likely to be living with their parents than graduates from the previous decade. According to Zillow’s analysis of 2016 Census data, 28 percent of recent graduates live with their parents — up from 19 percent

Agents using Google Maps on their websites could have to pay

Agents and brokers who are embedding Google Maps into their listings will now have to pay to do so. The Google Maps application programing interface (API) allows agents and brokers to embed maps into listings on their websites. This

Hurdlr targets the real estate world with new focus

Hurdlr, a Washington, D.C.-based startup that helps freelancers monitor expenses, taxes and other back end personal business needs, recently announced a new focus on the real estate industry. It will provide agents with goal-setting features paired with its original income-tracking

Real Estate in Brief: Underwater properties down, the most popular remodeling projects and more

As of the first quarter of the year, over 5 million properties were underwater with a mortgage at least 25 percent more than the property’s estimated market value.  The 5.2 million properties account for 9.5 percent of all U.S. properties

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Lack of new single-family homes to throw wrench in buying season

Homebuyers hoping to own a new home by summer may have to be more patient, according to a recent report by realtor.com. The seasonally adjusted numbers in the latest residential sales report released by the U.S. Census Bureau and U.S. Department of

5 reasons why mortgage applications are denied

When entering the market for the first time, many homebuyers are unsure of what exactly is needed to qualify for a mortgage, leading to their application being rejected. A new report by LendingTree looked at over 10 million mortgage applications

Farmhouse features are the most profitable trend in starter homes

Starter homes with farmhouse-inspired features and craftsman designs are demanding the highest sales premiums, according to RealEstate.com. In the study, RealEstate.com analyzed the listing descriptions of millions of entry-level homes (homes at the bottom third of the market) to

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