Tag Archives: Homebuying

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?

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.

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.

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.

Data shows that construction jobs have been increasing since November of last year.

A recent survey from NerdWallet found that prospective homeowners who don’t understand the loan process sometimes experience difficulty and have negative feelings about the transaction as a whole.

The first quarter may prove to be a successful period for lenders, even despite rising mortgage rates, according to one analysis.

In many markets, buying a home is more affordable than renting, but rising mortgage rates may reverse that in the coming year.

Some recent analysis has suggested that millennials are hesitant, or unable, to become homebuyers. But they might not be as hesitant or unable to buy a home as some think.

Prospective homebuyers' confidence is shrinking. What are they so concerned about?