A survey of 1,793 members of the National Association of REALTORS® by the Consumer Electronics Association (CEA) reveals that more than 50 percent are excited about homes with new technologies, and nearly 67 percent say that their clients are as well.
More than 90 percent of REALTORS® have aided in the purchase, sale, or showing of a home with advanced technologies. Here are the most common tec...
Sales of million-dollar homes are soaring: Deals on existing homes
priced above $1 million climbed more than 16 percent in October compared
to a year ago, according to National Association of REALTORS® housing
data. The increase was bigger than any other price segment. "There is little volatility in the stock market. It is whoppingly
higher, so people in the top 10 percent of wealth are re...
Rising home prices have helped many home owners welcome the return of
equity in their homes last year,
CoreLogic reports.“The plight of the underwater borrower has improved dramatically
since negative equity peaked in December 2009 when more than 12 million
mortgaged home owners were underwater,” says Mark Fleming, chief
economist for CoreLogic. “Over the past four years, more than 5 mil...
Find out why real estate is poised for a comeback this spring and why the mortgage interest deduction is important to the economy as a whole.April 17, Tax Day, is fast approaching. So, if you itemize, remember to take advantage of the mortgage interest deduction, one of the many benefits of home ownership. The MID saves the average home owner about $3,000 per year. In addition, as mortgage rates b...
Consumer confidence, bidding wars, and smaller home inventories signal a bullish outlook for the housing economy.Things are looking up for home owners, home buyers, and the U.S. economy: More and more news outlets report improving real estate conditions. Plus, watchdog agency, the Consumer Financial Protection Bureau, has got consumers’ backs with proposed regulations that would ensure transparenc...
In this week’s housing news roundup, short sales flex some muscle while regulators and legislators debate changes to mortgage loan rules.For the first time since the housing crisis began, short sales are becoming more prevalent than foreclosures. In addition, new rules are coming that would speed up the drawn-out short sale process. That’s good news for home owners underwater on their mortgages as...
For the second consecutive month, existing-home sales were on the
rise in October, now above year-over-year levels for the first time in
12 months, according to the National Association of REALTORS®’ latest
Existing-home sales rose 1.5 percent to a seasonally adjusted annual
rate of 5.26 million in October. Sales now are at their highest annual
pace since September 2013....
Amenities can make or break a listing, but one seller in Telluride,
Colo., isn't taking chances: The home, listed at $13.7 million, has
features that will catch the eye of any buyer who enjoys wine. If that
buyer happens to enjoy skiing, so much the better, and if that buyer
happens to love the idea of setting these activities in a mining motif,
it's time to talk money.The 8,706-square-f...
One in four home sellers are reporting they’ve had to lower their list price, according to a report released by the real estate brokerage Redfin. That represents the highest level since 2011, according to the Redfin survey. It also represents a far greater number than in the spring, when just one in seven sellers reduced list prices.
More home buyers are showing a willingness to wait u...
New Fannie and Freddie rules and bipartisan bills aim to speed the short sale process, preventing more home owners from slipping into foreclosure and keeping the economy on its feet.Imagine you’re underwater on your mortgage, but you’re trying to sell your home. Your REALTOR® has a buyer lined up. Everything looks good to go. Except there’s one small problem: Your lender isn’t responding to your r...
Home sales rise, foreclosures fall, and the latest national flood insurance deadline looms.In our Friday Five roundup of top housing news, we look at a return to traditional home sales: With rents on the rise across the country, many are taking advantage of low prices and short sale opportunities to trade in their lease for a mortgage. Also this week, we begin the countdown for national flood insu...
Homebuyers were drawn into the housing market in October 2014 by low interest rates and a growing number of properties for sale, data from the NATIONAL ASSOCIATION OF REALTORS® show.The median existing single-family home price hit $208,700 in October, up 5.5% from October 2013, marking the 32nd consecutive month of year-over-year price gains. The median condo/co-op price reached $205,400 in Octobe...
Of the 25 largest metro areas, which one is the most affordable to home
owners? Minneapolis is the newly crowned champ, edging out Atlanta in
this year's 2014 Home Affordability Study conducted by Interest.com. The report takes an annual look at the cost of home ownership
compared to income and expenses in the nation's largest metro areas,
using data from the National Association of REALTO...
McAllen, Texas, has been ranked the most affordable urban area in the nation,
according to a recent quarterly report by the Council for Community and
Economic Research. The report ranked cities based on a
cost-of-living index that covered housing, utilities, grocery items,
transportation and health care expenses. McAllen’s cost of
living is 15 percent lower than Austin, 61 percent lowe...
National market update
Existing-Home Sales Rebound in September
WASHINGTON (October 21, 2014) – After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September.