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Tag Archives: Homebuying

San Jose Buyers See Fastest Closing Times

New data shows San Jose, California, homebuyers enjoy the fastest closing times in the nation, with an average of just 41 days to close. Six other cities came in at 50 days or less, including Dallas, San Francisco, and Denver. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

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Poll: Half of Adults Plan to Buy a Home

A new poll shows about half of non-homeowning Americans plan to buy a home in the next five years. Another 20 percent will buy in the next decade. Intent to purchase was highest with those between 35 and 54, as well as those located in the Southern U.S.

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Summer’s Not Just for Sellers

New data shows that August is the best time for homebuyers. According to recent analysis, housing inventory is up significantly by the end of summer, causing many sellers to reduce their listing price. In fact, buyers who wait until late summer may actually pay less than if they’d bought during other times of the year.

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Millennial Buyers Favor Local Lenders, Agents

A new survey revealed that millennials may not want the homebuying process to be as digital as most expect. In fact, two-thirds actually would prefer using a local real estate agent or lender over an online-based one. The survey also revealed that 56 percent of millennials plan to purchase a home in the next two years.

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The Week Ahead: Could Single-Family Construction Continue to Rise?

On Monday, the United States Census Bureau will release its Construction Spending study for February 2017. The report will cover all areas of construction, including single-family residential. The previous study, for January 2017, revealed an increase in single-family construction, both month-over-month and year-over-year. Did this trend of growth continue?

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Analysis: Better Schools, Housing Prices Require Longer Commutes

For families wanting affordable housing and great school districts, an analysis by the New York Times shows it’s going to require a longer commute. There are suburban “sweet spots,” the article posits, but they’re further out from cities like Boston, Chicago, and New York. Lexington, Massachusetts, was just one of these sweet spots mentioned.

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Prospective Homeowners Say Buying a Home is Stressful

Buying a home in today’s competitive market is stressful, according to 72 percent of participants in a recent survey. Fears include losing earnest money, not finding a home in their budget range, and becoming involved in a bidding war. Prospective homeowners said they spend 1 - 3 hours a day in their search.

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Home Inventory’s Effect on Consumer Confidence

Fifty-six percent of renters feel that now is a good time to buy a home, which is down from 57 percent last quarter, and down even further from 62 percent a year ago. Comparatively, 80 percent of homeowners feel now is a good time to buy.

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