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Millennials facing implications in the housing market

Several long-term economic factors, including the explosion of student debt, are making homeownership a distant goal for most millennials. In a new Apartment List report, a renter survey that elicited responses from more than 11,000 millennials across the United States,

Despite decline in December, 2017 still the best year for home sales in 11 years

Although most of the country experienced a decline in existing home sales in December, 2017 overall was the best year for sales in 11 years. They were up 1.1 percent from 2016, according to a recent report from the National

Mortgage industry top originator Risha Kilaru joins Guaranteed Rate

With 11 years of mortgage lending experience, top loan originator Risha Kilaru has joined Guaranteed Rate as Vice President of Mortgage Lending in California. Kilaru originated over $700 million in the last three years, including more than $268 million

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Buying a home more affordable than renting in over half of US housing markets

ATTOM Data Solutions released its 2018 Rental Affordability Report, which showed that buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 U.S. counties analyzed. The analysis included recently released fair market rent

Rich, saturated colors and mixed metals among the top home design trends in 2018

Expect urban farmhouse designs, fashion-influenced trends, mixed metals and richly saturated colors to make a splash this year. Angela Nuessle, director at Pulte Homes National Interior Design, recently revealed the latest design and décor trends that are sure to be

Income growth in 2018 not enough to keep pace with increasing home prices

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.

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December mortgage applications jump nearly 8 percent

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

This Week in Miami Real Estate: Historic districts, new waterfront in Fort Lauderdale and more

Miami Beach City Hall on Jan. 17 unanimously approved the creation of two new historic districts that will protect hundreds of architecturally significant buildings from demolition, The Miami Herald reported. The North Beach districts are known for their Miami

Zillow: Crisis-level inventory shortage plagues US housing market

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

South Florida market thrived at the end of 2017

Despite an uncharacteristic cold snap that had residents shivering and lizards falling from trees recently, South Florida’s real estate market performed particularly well in the fourth quarter of 2017, according to a new report from Douglas Elliman. Authored by

Miami makes it to the second round for Amazon’s HQ2

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

RE/MAX: 2017 rounds out with record-high home prices and low inventory

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

Crowdsourcing platform allows employers to include down payment contributions to benefits

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

$1 million isn’t so luxurious anymore

In a recent examination of homes in the United States — whether or not they were for sale — Trulia found that, while not quite literally, $1 million homes are a dime a dozen these days. Across the country’s

Florida comes in at No. 2 on U-Haul’s list of top growth states

Despite a larger year-over-year increase in departures compared to 2016, Florida was America’s No. 2 growth state during 2017, according to U-Haul data analysis of last year’s migration trends. Reservations for one-way U-Haul truck rentals rose 8 percent on a

Early-stage mortgage delinquencies increased following active hurricane season

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

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