A surge in first-time home buyers is expected to hit the housing market over the next three years. About 8.3 million first-time buyers are projected to enter the mortgage market between 2020 and 2022, predicts a new report from TransUnion. That marks a jump from the 7.6 million first-time buyers that were added in the previous three-year period between 2016 and 2018. Read More Opens in New window
Pending home sales rose while existing-home sales declined on a month over month basis in September. Click here opens in new window
Home sales increased last month and on a year-over-year basis. Click here opens in new window
Most Americans have no regrets about buying a home. In fact, it’s made them happier, a new survey shows.
Ninety-three percent of Americans say they are happier after buying a home, and 83% would never go back to renting, according to Bank of America’s latest Homebuyer Insights Report, based on a survey of nearly 2,000 consumers. Most owners say they have an emotional attachment to their home, and ownership also has improved their lifestyle and variety of hobbies. Read More
Pending home sales fell 2.5% in July, with each of the four major regions of the country seeing a decline in contract activity. Click Here opens in new window.
Millennials say yes to extra space – patios and garage storage – but say no to wine cellars, golf courses, and pet washing stations. And for please sake, don’t show them homes with the only shower stall in the master bath! Read More
As a data junkie, I love Top 10 lists. So, when The Counselors of Real Estate releases its member survey of current and emerging issues that will have the biggest impact on real estate in 2019 and 2020, I’m all ears – and eyes. Read More
The U.S. Department of Labor is tapping the real estate industry for more information that could bolster its guidance for a national association health plan, even as the rule continues to face legal challenges.
National Association of REALTORS® CEO Bob Goldberg, along with eight other association executives, met with Acting Labor Secretary Patrick Pizzella on Thursday to discuss a host of issues impacting the nation’s 1.3 million REALTORS®. Goldberg specifically highlighted NAR’s support for AHPs and the Labor Department as the department defends its rule in court. Read More
Pending home sales rose on a year-over-year basis in June, the first time in 17 months. Click Here