More people age 23-37 are living with their moms than at any time this century, according to a new Zillow study. Nearly 22% of American millennials – more than 14 million in total – live with their mom or both parents, the highest share for this age group since at least 2000. The share of […]
The growing need for multigenerational homes
May 9, 2019 by
The average home could be in for a significant redesign due to the growing number of people looking for a property that can accommodate multiple generations. A recent survey from John Burns Real Estate Consulting shows that up to 41% of Americans are considering buying a home to accommodate either an adult child or an […]
Ginnie Mae warns against repeated refinancing
May 8, 2019 by
Although many lenders continue to advocate the apparent benefits of refinancing on a mortgage, Ginnie Mae has come out with advice to the contrary, suggesting that repeated refinances could actually be harmful to many borrowers and investors. Ginnie Mae, which is a government-backed entity similar to Fannie Mae and Freddie Mac with a focus on […]
Contrary to popular opinion, most baby boomers aren’t looking to downsize
May 8, 2019 by
The common perception that retirees are thinking of downsizing and moving to urban areas might be a myth. Instead, most baby boomers actually have similar ideas to millennials and Generation Xers, a new study has found. The survey by Del Webb, a builder of active-adult communities owned by the Atlanta-based PulteGroup, found that most homeowners […]
Housing markets braced for deluge of new first-time buyers
May 7, 2019 by
Nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years – 3.1 million more than the past decade – creating more demand in an already challenging market for those looking to get into their first home. The typical first-time home buyer in the U.S. […]
Median list price in the U.S. tops $300K
May 3, 2019 by
April saw the median list price for homes in the U.S. reach a new record high of $310,000, according to realtor.com’s latest housing trend report. It says that listing prices continue to rise even as housing inventories across the nation are growing. “The U.S. median listing price set another record this month, which we expect […]
Marriott to take on Airbnb with new home-sharing platform
May 2, 2019 by
Hotelier giant Marriott International is aiming to take on Airbnb with a new home rental business that it hopes will offset pressure from the emerging short-term rental sector. The Wall Street Journal reported that Marriott will launch its Homes & Villas business next week, offering up to 2,000 home rentals in 100 U.S., European and […]
Foreclosure crisis still impacts black and Hispanic communities
May 1, 2019 by
Millions of homeowners across the country lost their homes in the foreclosure crisis, missing out on the opportunity to regain and grow their net wealth as the housing market recovered. But in black and Hispanic communities, the foreclosure crisis hit especially hard, and homes in those areas have yet to fully recover, according to a […]
Survey reveals landlord/tenant trust issues
May 1, 2019 by
A new survey reveals that renters, unsurprisingly, don’t always admit everything to their landlords. Yet landlords themselves tend to put a lot of trust in their tenants with regard to the upkeep of their properties. The findings came from a survey of 563 renters and 532 landlords carried out by Porch.com, which offers home remodeling […]
U.S. homeownership rate falls for first time in two years
April 30, 2019 by
The U.S. homeownership rate fell for the first time in two years to just 64.2% in the first quarter of 2019, down from 64.8% in the previous quarter, according to newly released Census Bureau data. Experts believe the falling rate might have something to do with rising home prices and a wobbling economy. Lower housing […]
