This year demonstrated a steady build-up of housing momentum - fueled by significant improvements in economic fundamentals, low mortgage rates, and compressed inventory - and is expected to carry the market into 2015 gains, according to the 2014 Housing Review issued by realtor.com. This review includes the Top 10 Real...
The answer can vary wildly depending on where you're working, how many hours a week and with whom. The following infographic will explain some of the variables. Whether you're an agent, a potential buyer or just someone thinking about getting into the real estate business, we think you'll find it...
Recently, Fannie Mae and Freddie Mac announced plans to begin backing home loans with down payments as low as thee percent. This move came just days after the mortgage giants implemented less rigid lending standards in order to give Main Street citizens with less-than-perfect credit a better chance at homeownership....
Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates slightly up from a few weeks ago, but with the average 30 year fixed-rate mortgage remaining below four percent. "Fixed mortgage rates rebounded with the 30-year fixed mortgage rate increasing to 3.93 percent...
We're closing out the best year in the U.S. economic recovery since the recession hit in 2008. For the most part, the housing market has rebounded. And plenty of places are reaping the benefits. Where can you find these housing markets? Realtor.com Chief Economist Jonathan Smoke offered up his top 10...
Distressed homeowners and commercial property investors with transactions in 2014 will enjoy two more weeks of tax breaks following the approval of legislation by Congress late Tuesday. The National Association of REALTORS lauds the passage of these tax extensions, which will continue to prevent tax liability for underwater borrowers on any...
The number of U.S. homeowners upside down on their mortgages has fallen by more than 40 percent since early 2012, according to the third quarter Zillow Negative Equity Report. More than 7 million Americans who at one point owed more on their mortgages than their homes were worth have escaped -...
The majority of U.S. renters are struggling financially and plan to remain renters for the next three years, according to recent Freddie Macsurvey data. However, the recent financial crisis did not tarnish renters' dreams of homeownership with 91 percent of them viewing homeownership as something of which to be proud. "It's...
Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors. Lawrence Yun, NAR chief economist, says despite October's modest decline, contract signings have remained at a healthy pace now for...
REALTORS form across the country gathered recently to discuss the effect changing homebuyer demographics have on the housing market during the REALTORS University Richard J. Rosenthal Center for Real Estate Studies forum at the recent 2014 REALTORS Conference & Expo. "Among primary residence homebuyers, the demographics have shifted dramatically, especially...