The Rising Cost of Home Ownership

Millions of homebuyers flooded the housing market in 2021. Low mortgage rates plus a low supply of homes across the country made 2021 a great year to buy a home, which explains the surge in demand. However, that (coupled with the coronavirus-inspired flight from heavily populated urban areas to smaller cities) made the cost of

Read More »

June 2021 Signals Indicate Housing Market Easing

Buyer sentiment data shows that potential new homeowners are chilling out about purchasing in this seller’s market.

Armed with savings from the pandemic, young adults eye homeownership

Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future. A recent survey on the housing preferences and influences on the younger generations found that three in five are planning to use

Read More »

Entry Level Housing at Crisis Point

We are well into a prolong entry level housing crisis. The U.S. housing inventory hit a historic low two years ago. Inventory has come off that low but not in any substantial way. There was a market lull in both sales and homebuyers a year ago when interest rates briefly reached 4.9% in November 2018

Read More »

First Steps in becoming a Homeowner

Housing costs continue to rise, squeezing renters and homeowners alike, but owning real property is one of the most important long-term investments a person can make. Unlike cars and other high-dollar purchases, real estate generally tends to appreciate over time, though the market is cyclical and can suffer periodically during economic downturns. Having a mortgage

Read More »

Breaking Down the Hidden Costs of Owning a Home

When you purchase a home, the price tag on the house isn’t the only number you’ll have to face. What catches many homeowners off guard and ends up causing them to be housebroke is the additional hidden fees you don’t notice right away. Owning a house is expensive, even if you purchased a property at

Read More »

Women, millennials’ home ownership dreams held back by student debt

A rising number of consumers say that student loan debt is delaying their ability to buy a home, with women and millennials among the most affected, according to the sixth annual NeighborWorks America at Home report. The survey, which quizzed around 1,000 U.S. adults, found that rising costs have pushed the overall student loan debt

Read More »

The hidden costs of homeownership add up to $9K a year, study finds

Homeowners will pay around $9,390 per year on the hidden costs associated with homeownership, according to a new analysis by Thumbtack and Zillow.

FHFA details plans to help borrowers with limited English proficiency

In an effort to overcome some of the obstacles in the way of limited English proficiency borrowers, the Federal Housing Finance agency has released a new Language Access Multi-Year Plan that lays out potential solutions.

Most Americans achieve homeowner status by age 29, survey finds

Given the importance of homeownership among many Americans, it’s perhaps worthwhile to ask what is the average age at which consumers reach that milestone?

RealtyBizNews: Real Estate Marketing & Beyond