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First-time buyers see best market quarter in nearly two decades

First-time homebuyers have an easier entry into the market as the year winds down because of a market sector that is having best quarter since 2000 — despite low housing inventory — largely due to historically low mortgage rates,

Experts: Home prices will continue to increase in 2018

Zillow recently released its Q4 Home Price Expectations Survey, which polled 100 housing experts, market strategists and economists on what they think the housing market will look like in 2018, and their expectations were less than optimistic. The study was

How the tax reform impacts Florida homeowners

As Congress works on creating a new tax bill, the National Association of Realtors (NAR) has been vocal about the ways in which the proposals would affect homeowners, home prices and the real estate industry as a whole. However,

Zillow: Homeowners spend less of their income on mortgage payments than they did historically

New research from Zillow shows that mortgage payments today are consuming a smaller percentage of the average homeowner’s income than they did historically. The typical homeowner saves roughly $3,3oo annually on mortgage payments, compared to how much it would

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U.S. construction sees strongest growth in five months

Construction spending in the U.S. rose 1.4 percent in October, increasing across all significant building categories and marking the strongest boost in five months. The Commerce Department said the October increase in U.S. construction spending represents the third consecutive

NAR, NAHB diverge on Senate tax bill

The U.S. Senate on Dec. 2 passed its version of the Tax Cuts and Jobs Act, spurring the National Association of Realtors and the National Association of Home Builders to weigh the bill’s effects on the housing industry. Both

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Redfin: Housing demand slid in October

The U.S. housing market experienced a 1.7 percent drop in demand from September to October this year, according to the latest Redfin Demand Index, which is calculated by measuring home tour requests and writing offers of thousands of Redfin customers.

U.S. pending home sales bounce back in October after three-month decline

October’s pending home sales rebounded slightly after a three-month decline, according to the latest report from the National Association of Realtors. The Pending Home Sales Index rose 3.5 percent from 105.6 in September to 109.3 in October. This is

Freddie Mac: Housing market on track for best year in a decade

With 2018 right around the corner, Freddie Mac released its report card for 2017, that while the economy is marked by robust job growth and low inflation, the housing market has had some hiccups this summer and fall, largely due

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Construction making its highest contribution to economy in seven years

In 2016, the construction industry made its highest contribution to the U.S. economy in seven years. A recent report from the American Builders and Contractors (ABC) shows that investment in construction is up nationwide. The report showed that in

Median U.S. home value increases by $12,500 since last year

Just months after median U.S. home values reached their highest point in history, home values have continued to rise. Zillow recently released its October 2017 Market Housing report showing that the median U.S. home value stands at $203,400, a $12,500,

NAR speaks out against latest proposal to end net neutrality

The National Association of Realtors released a statement on Tuesday highlighting concerns with a recent announcement from the Federal Communications Commission (FCC) that shared their plan to reverse net neutrality regulations which ensure equal access to the internet. With

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National Flood Insurance Program reauthorized by House of Representatives

After months of urging from the National Association of Realtors, the House of Representatives finally voted to approve the 21st Century Flood Reform Act, which reauthorizes and reforms the National Flood Insurance Program. Originally set to expire in September of

October home sales reach fastest pace in four months

Home sales don’t seem to be slowing down as October recorded the fastest pace of sales since June, according to the latest report from the National Association of Realtors (NAR). Total home sales grew to a seasonally adjusted rate

Suburban sprawl set to be a growing trend in 2018

As 2018 approaches, experts at Zillow predict the migration of urban-based millennials to the suburbs, where first-time home buyers will benefit from an expected increase in the new construction of entry-level homes. Millennials who have typically favored urban living

Typical mortgage payment up 10 percent in 2017

With home prices on the rise, average monthly mortgage payments have seen even larger increases over last year. According to a CoreLogic study, the typical mortgage payment for homeowners has risen 10 percentage points in 2017, with a projected

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