National News

Harvard report: Home remodeling growth could slow way down soon

The pace of growth in home improvement spending could soon slow to a crawl. That’s according to a new estimate by the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, which projects that spending on remodeling will

Millennials are feeling better about housing costs this year

Millennial homebuyers are a critical demographic for the housing market: They are now the largest generational cohort in the U.S. with a large share of them now of prime homebuying age. Millennials are currently in an age range in

Veterans in the legal weed industry face barriers to housing benefits

Many U.S. military veterans are learning the hard way that legal cannabis and federal bureaucracy often don’t mix well. Among them is a 35-year-old disabled Army veteran from Revere, Massachusetts, whose VA loan application was rejected. The reason involved his new

Agents support the rise of Hispanic homeowners

Hispanic and Latino-Americans comprise about 18 percent of the U.S. population, but have accounted for almost two-thirds of net growth in the U.S. homeownership rate since 2008. A recent report from the National Association of Hispanic Real Estate Professionals

How housing contributed to a record-breaking economic expansion

As of this month, the U.S. has seen 121 straight months of economic expansion since the Great Recession in June 2009, the longest-recorded period of economic growth to date. Housing has comprised 15 percent of the nation’s economic output

Will it play in Plainfield? Coldwell Banker’s rebranding experiment

Every Tuesday throughout the summer, Plainfield, IL’s main drag turns into a family friendly spectacle of classic cars, music and food as the local chamber of commerce closes down the streets for Cruise Night. To Mike Prodehl, president and

Texas remains top destination for foreign homebuyers

U.S. home sales to foreign buyers declined in the last year compared to the prior period, but still generated nearly $78 billion in total purchase volume between April 2018 and March 2019, according to the National Association of Realtors.

Where does Houston fit into a weak national new construction picture?

Housing starts around the country were sluggish in June, with single-family starts registering below year-ago numbers for a fifth consecutive month. In all, housing starts were down 0.9 percent from the previous June, and were on pace for a

Houston incomes have slipped behind home values but it could be far worse

It’s often said by economists that housing costs have risen faster than wages in recent decades, but just how wide is the gulf between income growth and gains in property values? We now have a better sense of that,

Lone Wolf and Real Estate Webmasters join up; HomeLight announces digital mortgage acquisition

Transaction management and CRM companies join forces Lone Wolf and Real Estate Webmasters announced this week that they will be teaming up to expand what they offer agents and brokers.  Lone Wolf, which works with 700,000 real estate professionals

Where Democratic presidential candidates stand on housing issues

Of the dozens of candidates currently in the running for the Democratic Party’s nomination for president in 2020, several frontrunners have made housing and real estate central pieces of their platforms. Here’s where the current frontrunners in the Democratic

Homeowners and appraisers agree more on value

July marked the second consecutive month of tightening margins between owners’ estimates of home values and the professional opinions of appraisers, according to Quicken Loans’ National Home Price Perception Index. Appraised values were only 0.71 percent lower nationwide than

Realogy sues Compass over alleged illegal business practices

On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another competitor. In a summons filed in the Supreme Court of

Mortgage delinquencies hit historic lows

Loan delinquency rates hit their lowest level in 20 years this past April, according to a new report from real estate data firm CoreLogic. The report shows that nationally in April, about 3.6 of household mortgages were in some

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Midyear job gains encouraging, particularly for construction

While casual observers might have been expecting dismal numbers in the latest jobs report from the Bureau of Labors Statistics following expectedly soft figures in May’s report, Friday’s jobs report was actually pretty encouraging. The total nonfarm job count

How a big fee hike turned into a break for vets

This Fourth of July, the mortgage industry has good news for veterans in high-cost real estate markets. Thanks to the Blue Water Navy Vietnam Veterans Act, recently signed into law by President Donald Trump, veterans who secure loans through

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