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...
Existing home sales and home prices are expected to rise next year, according to an economic forecast presented by Lawrence Yun, chief economist for the National Association of REALTORS, and Mel Watt, director of the Federal Housing Finance Agency at a residential real estate forum held during the 2014 REALTORS...
Home Flipping Report: Fewer Homes, Lower Returns. Is the flipping party coming to a close? A report on home flipping that suggests the number of properties being bought and sold again within a 12-month period is in steady decline. Payoff per flip also is down. RealtyTrac said there were...
Report: "Don't Blame Student Loans." Housing watchers and economists who point to student debts as a factor in the slouching number of first-time homebuyers may have to recalibrate their calculators: New numbers from RealtyTrac say it just isn't so. The data company has determined that in 96 percent of the nation's...
A pick-up in the economy is expected to help propel the housing market forward with an increase in household formation and a stronger recovery, according to Freddie Mac's Economic and Housing Market Outlook. "We are getting closer to a more normalized economy, and now we are expecting to see housing driven...
The increase in Existing Home Sales for the month of June signals continued improvement in the overall Real Estate Market. The statistics are in for the sales of existing homes for the month of June and the news is good. In continuing with the good news theme, the statistics show...
Market conditions continue to improve according to this recent article in the Star Tribune newspaper. The continuing decline in the number of foreclosures is cited as a major factor in the increase in home values and the overall improvement of the real estate market in the twin cities. While this...