Find us on...


Real Estate Blog

Foreclosures Now ‘Unicorns’ of Housing MarketForeclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions.

“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” says Daren Blomquist, senior vice president at ATTOM Data Solutions.

Foreclosures are fading overall, but there has been a notable uptick in some areas. “These divergent foreclosure trends are likely the result of the big banks and government agencies selling off distressed loans over the past few years to non-bank entities that are now foreclosing on an increasing volume of that deferred

6 Views, 0 Comments

Survey: Most Renters in 50 Years More Americans are choosing to rent than at any other point in the last 50 years, according to a report by the Pew Research Center. In 2016, 36.6 percent of households rented their homes, just shy of the 37 percent recorded in 1965, data shows.

Overall, the number of U.S. households has increased by 7.6 million over the past decade. But while the number of homeowner households has remained relatively flat over that time period, the number of renter households has soared by 10 percent. “There is some evidence that increased student debt has made it more difficult for households headed by young adults to become homeowners,” Richard Fry, senior researcher at the Pew Research Center, told CNBC. Fry also notes that young adults may be struggling to save

10 Views, 0 Comments

Older Americans are placing a higher value on living in walkable urban centers, according to a new survey of 1,000 respondents nationwide about their living preferences.

A majority of respondents surveyed by A Place for Mom, a national referral service, said it was “very important” or “somewhat important” to live in a walkable neighborhood. They also sought neighborhoods with low crime and those that are close to family.

“It’s time to abandon the idea that only millennials and Generation X care about walkability and the services available in dense urban neighborhoods,” says Charlie Severn, head of marketing at A Place for Mom. “These results show a growing set of senior housing consumers also find these neighborhoods desirable. It’s a trend that should be

9 Views, 0 Comments

Rent vs. Own? The Best Option in Each State Home prices may be on the rise across the country, but you’re still better off buying a home in most states in the U.S. than renting one. Consumers in only 11 states will find renting more affordable than buying a home, according to a new study by GOBankingRates, a personal finance website.

GOBankingRates analyzed the cost of renting versus owning a home in all 50 states and the District of Columbia. Researchers looked at estimated rent prices for all homes listed on a real estate website. It then calculated the estimated monthly mortgage to own a home in each state, based on the median list price of homes, a 20 percent down payment, and a 30-year fixed-rate loan.

Read more here:

10 Views, 0 Comments

Baby boomers are expected to sell their homes in large numbers over the next decade. Arthur C. Nelson, a University of Arizona professor, predicts the “great senior sell-off” will occur in the mid to late 2020s. It's a few years later than what Nelson had originally predicted in 2013 (he originally said by 2020). He says baby boomers are living in their homes longer, holding off on selling in the hopes of netting an even higher price later on.

Indeed, homeowners are holding onto their properties significantly longer than they used to—now about nine to 10 years. With ample housing shortages across the country, they are having a tough time finding a replacement home—but they may also be waiting to recover even more in value from what they may have lost in

17 Views, 0 Comments

Public Builder Report Card: Who Made an ‘A’?Public Builder Report Card: Who Made an ‘A’?

Which public builders are making the grade? BUILDER recently released its report card profile of 21 public companies, based on their sales for 2016.

The BIG BUILDER Report Card compares the performance of public home builders and assigns them a letter grade based on that performance. Builders are graded in four major categories: financial, land, operations, and sales and marketing. The financial category carries the most weight at 40 percent of the overall score, while the other three categories are each worth 20 percent.

The builders receiving an “A” grade for their 2016 sales were:
• PulteGroup: A+
• Taylor Morrison: A+
• NVR: A+
• LGI Homes: A
• AV Homes: A
• D.R. Horton: A
• CalAtlantic Group: A

Read more

13 Views, 0 Comments

Mortgage Words You Should KnowThe mortgage industry loves jargon and it can quickly confuse a real estate professional and all the moreso a borrower. The Fannie Mae Sellers Guide alone has 91 different acronyms and abbreviations.

The National Mortgage News recently offered up a few of the most common acronyms buyers and professionals should know while going through the homebuying process.

DTI: Debt to income
• Underwriters turn to this ratio to determine if a borrower can financially meet a mortgage obligation.

UETA: Uniform Electronics Transactions Act
• One of this Act’s purposes is to help harmonize state laws with the recognition of electronic signatures on documents.

PITI: Principal and interest plus taxes and insurance
• Lenders often will break a borrower’s monthly payment down

14 Views, 0 Comments

Sure, bedrooms and bathrooms are the two largest factors that can affect apartment rent. But a new study also finds several amenities that renters are willing to pay more of a premium to get.

A study by RentHop, an apartment search website, finds that some of the amenities that have the greatest impact on price in the 10 largest metro areas are: an elevator, doorman, in-unit washer and dryer, fitness center, “pets allowed” policy, and dedicated parking space.

Here’s how a few of those amenities can impact rental costs:

• Laundry in unit: New York renters pay $80 for the amenity, followed by $65 in Philadelphia and $60 in Boston.

• Fitness center: New Yorkers pay $90 to have this amenity, followed by premiums of $75 in Boston and $60 in Chicago.

• “Pets

20 Views, 0 Comments

10 Smaller Cities With Surging MarketsBig cities may grab most of the headlines when it comes to housing, but gains in smaller cities shouldn’t be ignored.

One key behind many small towns' growth: a nearby college. Several smaller cities nabbing a spot in Smartasset’s top 25 list for rising housing values are college towns, such as Auburn, Ala.; Fayetteville, Ark.; and Bowling Green, Ky. “In many smaller cities, universities act as economic hubs supporting the whole community and keeping the economy growing,” the report notes.

Texas cities continue to dominate among smaller locales too, just like in Smartasset’s big cities list of rising housing markets. Texas boasted five cities in the top 10 list. Smartasset researchers analyzed data on home values, incomes, population size, and housing

19 Views, 0 Comments

In all the hustle and bustle of searching for a new home, it's easy for you to overlook how and where your car is going to live. But there are important factors for house-hunters to consider when it comes to their vehicles—namely those related to safety, security, and convenience—that may impact how they feel about potential homes or neighborhoods.

Here are three handy tips to get the most out of their new place.

1. Make sure the parking situation works.
Whether a home's parking space is in a private garage, a residential parking garage, a carport, or simply on the street, it's always a good idea to know where the car will spend its down time. Private garages usually offer the most security when it comes to protecting against car thieves and bad weather,

40 Views, 0 Comments