Home prices have returned to boom levels similar to 10-years ago when the housing bubble burst and catapulted the Great Recession. Despite similarities between then vs. now, the ...
Read More »Places of Interest—10 Hotspots for Million Dollar Homes
With housing prices continuing to climb, and the housing shortage steadily creeping forward, more metros are seeing a significant majority of their homes hit the million dollar mark. And while that doesn’t necessarily mean homebuyers get less for more, it does mean that “affordable” housing in certain highly desired areas of the country might come with an extra zero on its price tag. See what metros had the largest share of million dollar homes.
Read More »Bad News for Starter Home Hopefuls
New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.
Read More »“Trading Up” Not so Easy in These 10 Cities
A crowded seller’s market has left some homeowners who want to move into nicer homes frustrated. Though they are getting record-high offers for their starter abodes, when it comes time to buy, their money is not going as far in the trade-up market. Based on seven criteria, here is a list of the 10 hardest places to trade up.
Read More »Limited Inventory Means Quick Sales for Homeowners
February is expected to see record-high listing prices and the shortest days on market since the recession.
Read More »Animal Owners Not Willing to Compromise Their Families
In a recent report from the Nation Association of Realtors detailing Americans, take their pets’ needs and accommodations into considerations when searching for housing locations.
Read More »Smaller Homes Yield Faster Value Growth
A three-year study shows the smaller the home, the faster its value will grow. What does this mean for home price appreciation?
Read More »Millennial Meccas Boom in South and West
California, Texas, and Colorado are luring millennial buyers, who seek areas with solid job growth and affordable (for the area) housing markets, according to a new report by Realtor.com.
Read More »Proximity to Live Music Venues May Affect Home Prices
According to an analysis from Realtor.com, home prices tended to higher where the homes were in walking distance from outdoor concert venues.
Read More »Does a Weak Economy Have its Perks?
While it is difficult to imagine anyone hoping for an economic downturn after the last mishap several years ago, Realtor.com believes that there are silver linings to having a weak economy.
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