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In 2018, home sales, housing construction and house prices are all likely to increase modestly, according to Freddie Mac’s January 2018 Outlook. Home sales are forecasted to reach 6.35 million in 2018, up slightly from 6.17 million in 2017.
A new report from the Mortgage Bankers Association shows that mortgage applications in 2017 increased 7.1 percent from 2016, including a 7.8 percent hike in December to close out the year. “After playing catchup for two months following the
Home shoppers looking to buy in 2018 will have 10 percent fewer homes to choose from than a year ago, according to the December Zillow Real Estate Market Report. The for-sale inventory across the nation has been falling on
Amazon announced on Thursday that it has narrowed its list potential sites for its second headquarters to 20 cities, and Miami is on the list. The company received proposals from 238 locations that were hoping to woo the ecommerce
2017 ended as a seller’s market, with rising home prices and low housing inventory greeting homebuyers across the nation. According to the latest RE/MAX’s National Housing Report, home prices hit record highs in December 2017. The median home price
With rent costs soaring and student loans piling up, it’s no secret individuals aged 18-35 need all the help they can get to afford some of life’s necessities, like buying a home. In fact, 70 percent of millennials say
Following a very active hurricane season, the number of early-stage mortgage delinquencies increased in October to 2.3 percent, up from 2.2 percent in October 2016, according to CoreLogic’s latest monthly Loan Performance Insights Report. However, the number of mortgages
Many homeowners around the country have big renovation plans for 2018, and a number of them are eying the heart of their home: the kitchen. According to the 2018 U.S. Houzz Kitchen Trends Study, 87 percent of homeowners are making
Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price. The share of homes selling above list price has grown
The demand for luxury homes slowed nationally in 2017, a new report from realtor.com shows. While sales in the upper tier remain strong, activity in the overall housing market exceeded the pace of luxury home sales across the country.
Virtual reality is the next revolutionary topic for 2018 in the world of real estate, Coldwell Banker found in a recent survey of 3,000 homebuyers. The new survey, conducted by Harris Poll, showed the desire for VR home tours,
Across the country, both home prices and demand for homes grew in 2017, driven by low inventory. As supply and affordability can be a hurdle for some homebuyers, many are still optimistic about their ability to receive financing even
The number of Americans who feel confident enough to buy or sell fell significantly in December 2017, undoing the previous month’s increase in confidence. According to Fannie Mae’s monthly Home Purchase Sentiment Index, which surveys 1,000 consumers about a
Credit scores among millennial homebuyers declined slightly from November 2016 to November 2017, according to Ellie Mae’s most recent Millennial Tracker report. The decrease in average credit scores of closed loans to millennials was most apparent for FHA and VA loans.
The Realtors Confidence Index from the National Association of Realtors (NAR) shows that Realtors are confident about what’s to come in the first half of 2018. On a scale of 1 to 100, the report measures NAR members’ housing
Mortgage lenders who were concerned about increased regulation and compliance in 2018 with the Home Mortgage Disclosure Act no longer need to worry. Under the new rules announced in 2015, lenders would have needed to provide significantly more information
