National News

Baby Boomers Breaking the Mold

Downsizing is a natural progression in housing we’ve come to expect of older generations, such as the aging Baby Boomers, whose preference for high square footage is diminishing as their children leave the nest and retirement sets in. But

Pew Trust: American Finances on Uncertain Footing

The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,

Fed Study: Housing Not Facing New Bubble

Prices are rising at a breakneck pace, but it’s not time to panic With record-setting home prices and skyrocketing rents, today’s housing market may seem naggingly familiar, like this might have happened before. Could the current boom result in another disastrous

Single Female Homebuyers’ Fluctuating Share of the Housing Market

According to NAR’s 2015 Profile of Home Buyers and Sellers, single women made up 15 percent of the overall homebuying market, as opposed to single men, who only made up 9 percent of the market. In 2013, single women

U.S., Cuba Set to Talk Property Claims

Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet

BLS: Economy Adds 211,000 Jobs in November

Despite adding jobs, November offered more of the same for America’s economy The U.S. economy added 211,000 jobs in November and the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics. November’s

Despite Mortgage Rebound, Low Credit Buyers Absent

The housing market continues to struggle despite an increase in high-quality mortgages Even though houses are selling at their fastest rate since 2007, sub-700 credit score buyers are still at the same level they were mid-2010. According to a

MBA Survey Shows Decrease in Loan Applications

The Mortgage Bankers Association (MBA) announced that loan applications dropped 0.2 percent from last week, according to its Mortgage Applications Survey for the week ending on Nov. 27.  The results included an adjustment for the Thanksgiving holiday; on an unadjusted basis, the

Houston Home Prices Reach New Peak in 2015

Houston joins 32 other markets with new peak prices in 2015 The Houston metro area saw a new peak median price in 2015 at $219,450 in June, according to a new RealtyTrac report. Houston was one of 33 markets

Why are So Many Millennials Still Living at Home? Here’s Why

Many Millennials still live at home with their parents. Why? It’s a question that’s been plaguing the housing market since the economy started to recover – why are Millennials still living at home? Despite all indications that Millennials should

Despite Housing Rebound, Economic Recovery Is Slow

Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home

What Age Problem? The ‘Aging Realtor’ May Not Be a Big Issue

There are roughly 1.118 million members of the National Association of Realtors, and they strike an impressive profile: Realtors’ median experience level is 12 years; their gross income is $45,800; 58 percent are female; and 42 percent have at

Pending Home Sales Remain Unchanged

According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and

Federal Reserve Votes to Stop Bailing Out Failing Firms

Effective Jan. 1, the Federal Reserve will not be allowed to bail out failing companies. Members of the Fed board voted 5 to 0 in favor of restricting the policy. The new policy will restrict the Fed from lending to individual firms,

New Home Sales at Highest Level in 7 Years

New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according

Texas Price Growth Remains Strong

How have home prices progressed in the 2015 housing market? Home prices in the Texas housing market remained strong, with Dallas prices rising 0.4 percent from August to September and 9.0 percent from Sept. 2014, according to the new Case-Shiller Home

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