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Archive for the ‘housing’ category

According to the American Express Spending & Saving Tracker, and as reported by Business Wire, “27.8 million Americans, or 12 percent of the population, plan to move this year,” which is a 4 percent decrease from last year’s findings. As a result of more people deciding to stay put, home improvements continue to take place […]

Return of the Bidding War

March 25th, 2015

Although the housing market is incredibly more balanced than it was during the housing bubble, bidding wars haven’t gone away. In fact, they are back in full force. As mentioned by BloombergView, “33 percent of all sales were at or above the asking price, a strong indication that more than one bidder was involved in […]

According to the recent release of National Association of REALTORS®’ Home Buyer and Seller Generational Trends Report 2015, Millennials are quickly moving out of their parent’s basements and into homes of their own. In fact, those 34 and younger made up 32 percent of all buyers in 2014 and 31 percent in 2013 – representing […]

Sales of newly built homes are “going gangbusters” this year, but sales of existing homes aren’t keeping up with that same pace, according to a new report by the Wall Street Journal. Why the discrepancy? One key reason may be that the inventory of existing homes listed for sale is low, according to the WSJ. […]

Here’s some welcome news for potential homebuyers: One new report shows that mortgages may be becoming easier to obtain, while separate research found that housing affordability is edging upward. First, the L.A. Times reports on The Mortgage Bankers Association’s latest credit availability index, a closely monitored measure that tracks the availability of mortgage credit. The index shows […]

Valentine’s Day is just around the corner, and Realtors recently looked into how relationship status affects the kind of homes people buy.  Married couples unsurprisingly top that list of homebuyers at 65 percent, with single females in a far second at 16 percent. While single females consider their neighborhood’s convenience to family and friends a […]

Housing markets across the United States are “improving at a consistent pace,” according to Tom Woods, chairman of the National Association of Home Builders (NAHB). In fact, more than 80 percent of all metros saw their “Leading Markets Index” – a measure based on factors such as average permit, price and employment levels – increase […]

It’s been nearly a decade since builders were this confident in the market for newly built, single-family homes. Builders’ confidence rose for the fourth consecutive month in September, according to new data from National Association of Home Builders (NAHB). It’s a strong signal that the housing industry is gaining more momentum. To create its NAHB/Wells Fargo Housing […]

A major portion of U.S. borrowers thinks it’s harder to get a mortgage than it really is – a misconception that may be hampering home purchases. In a recent a survey conducted by Wells Fargo & Co., the nation’s largest mortgage lender, nearly half of respondents believed that a 20 percent down payment is required – when in reality, […]

Why homeowners are moving

June 13th, 2014

According to U.S. Census Bureau data, about 36 million American homeowners moved from 2012 to 2013. The top reason? Housing. A whopping 48% of movers said housing was the top motivator, followed by family (30.3%), employment (19.4%) and other (2.3%). The chart above digs into the specific reasons by grouping. Interesting stuff, huh? The data — in […]

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