Buyers with "good" credit generally land a better mortgage rate than those with a "fair" credit score, and a study to determine what that meant for buyers found that it lowered the cost of an average 30-year FRM by $21,000 over the life of the loan.
Single-family home prices rose 9.7% to $248K, and condo sale prices rose 7.8% to $180K year-to-year. Tight inventory continued to dampen sales, but the number of Fla. owners who listed their homes for sale inched higher quarter-to-quarter.
Amazon is making moves yet again. As a way to market its smart-home business segment without having to invest in conventional store locations, the online marketplace giant has partnered with Lennar Corporation to provide connectivity demos of Alexa-enabled products—everything from video doorbells and smart shades to lighting and scheduled deliveries—within the homebuilder’s model homes, calling these […]
In an action arguably more emblematic than impactful, the Senate voted on Wednesday to overturn the repeal of net neutrality, with the goal of reinstating rules that ban internet service providers (ISPs) from blocking or slowing traffic on the web. Led by Sen. Ed Markey (D-Mass.), the measure passed in a 52-47 vote, and now […]
April home-building was in the red, with housing starts tumbling 3.7 percent to 1.34 million—but, single-family starts were up, 0.1 percent to 894,000, according to the Commerce Department. Multifamily starts (five units or more) came in at 374,000. Additionally, approvals for builds fell, 1.8 percent from March to 1.35 million permits; however, approvals for single-family […]
Appreciation grew quicker in the first quarter of 2018, up 5.7 percent year-over-year, according to the latest quarterly report by the National Association of REALTORS® (NAR). “The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets,” says Lawrence Yun, chief […]
I continue to be amazed at the reception the National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) receives from our industry. We have been invited to attend just about every brand and major event in 2018, and it has been exciting to see more and more recognize the role we play. I founded […]
Across ages, buyers are contending with a frenzied market—but for millennials, the challenges are different than in generations past, according to a new report by Trulia. An astounding 98 percent of home-buying millennials surveyed for the report are being kept out of the market, with barriers including credit (cited by 26 percent of millennials), a […]
Appraisers and homeowners are syncing up on value, with appraisals in April just 0.33 percent below what homeowners predicted, according to the Quicken Loans National Home Price Perception Index (HPPI). The Quicken Loans National Home Value Index (HVI) shows appraised values rose 6.47 percent year-over-year. The findings indicate homeowners are less likely to get a […]
Closings for millennials are at their speediest yet: 39 days in March, according to Ellie Mae’s Millennial Tracker™, a measure of millennial mortgages. “With the ongoing adoption of digital mortgage solutions, millennial homebuyers were able to close purchase loans in 39 days in March—the shortest amount of time since Ellie Mae began tracking millennial loan […]
Following an initial outburst on May 3, the fiery explosions and lava flows of Hawaii’s Kilauea volcano on the Big Island have taken over the small subdivisions of Leilani Estates, made up of 1,700 residents, and the smaller Lanipuna Gardens, home to about 300 residents. The damage so far? Nearly 40 structures destroyed, of which […]
If you’re a REALTOR®, the month of May brings one of the most exciting meetings of the year: the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. For brokers, this major gathering offers many meetings and special events from May 14-19, including opportunities to tour the REALTORS® Trade Expo on May 16 and 17 […]