Home buying tips from the experts

Home buying tips from the experts

While conditions may be teetering between a buyer and sellers housing market, most of 2020 is expected to remain solidly in sellers’ favor. Despite the challenges home buyers may face giving current rising home prices and limited inventory, there are steps that active house hunters can take to overc...

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Gen Z finding better home buying conditions than Millennials

Gen Z finding better home buying conditions than Millennials

The Millennial generation begins turning 40 in 2020, which could mark a turning point in the homeownership rate. For the better part of the last decade, the generation born between 1981 and 1996 hasn’t had much success breaking into the housing market. Many graduated from college at the peak of the...

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Survey: Buyers taking 6 months to find a home

Survey: Buyers taking 6 months to find a home

A short-supply of homes on the market is resulting in limited choices for buyers but that still isn’t shortening the length of time it takes to find a suitable home. According to a new study conducted by Better Homes & Gardens about the purchasing habits and preferences of home buyers, 68 percent of...

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Home buyers are coming to town

Home buyers are coming to town

You better watch out, you better not cry Better not pout, I’m telling you why Home buyers are coming to town They see the HOA fees They know the high tax rate They know if the inspection was bad or good So be good for goodness sake They’re making a list, checkin’ it twice Gonna find a house for th...

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Report: 71 percent of housing markets unaffordable for average wage earner

Report: 71 percent of housing markets unaffordable for average wage earner

According to a new report released by ATTOM Data Solutions, median home prices are unaffordable to the average wage earner in nearly three-quarters of the U.S. The Q4 2019 U.S. Home Affordability Report shows that 344 of 486, or 71 percent of U.S. counties are housing markets that are financially of...

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Mortgage application volume retreats following post-Thanksgiving gains

Mortgage application volume retreats following post-Thanksgiving gains

After rebounding from a lull that followed Thanksgiving, mortgage application volume fell again during the week ended December 13. The Mortgage Bankers Association reported that its Market Composite Index, a measure of loan application volume, fell by 5 percent on a seasonally adjusted basis last we...

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Home sales decline more than expected in November

Home sales decline more than expected in November

Sales of existing homes in the U.S. fell for the second time in three months according to a new report. The 1.7 percent drop in previously owned homes during the month of November was higher than the 0.4 percent decrease economists surveyed by The Wall Street Journal had anticipated. Sales were sti...

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California ranked toughest market for first-time buyers

California ranked toughest market for first-time buyers

For younger home buyers looking to snag a property in California, the odds are stacked against you. According to a new Bankrate, the state ranks as the toughest housing market for first time home buyers to break in to. Based on five criteria including housing inventory, credit availability and the j...

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Home builder's confidence rises to 20-year high

Home builder's confidence rises to 20-year high

Seasonally high home sales and favorable mortgage rates have led to a spike in home builder confidence, according to a new report. The National Association of Home Builders/Wells Fargo Housing Market Index jumped 5 points in December to a reading of 76. This is the highest reading for the index sinc...

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Foreclosures in U.S. down from last year

Foreclosures in U.S. down from last year

The volume of properties in the U.S. with foreclosure filings fell on both a monthly and yearly basis in November, continuing a steady streak of recovery since the record shattering volume seen during the Great Recession. There were 49,898 properties with foreclosure filings nationwide as of last mo...

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