National News

Lack of new single-family homes to throw wrench in buying season

Homebuyers hoping to own a new home by summer may have to be more patient, according to a recent report by realtor.com. The seasonally adjusted numbers in the latest residential sales report released by the U.S. Census Bureau and U.S. Department of

Big State Home Buyers hires director of operations

New Jersey city councilman David Donnelly was appointed the director of operations of Big State Home Buyers, a privately-held home-investing and selling specialist in Texas.  Donnelly will work side-by-side with Brian Spitz, founder of Big State Home Buyers, in

Zillow: 2017 had fastest-selling market ever

  Homebuyers should be prepared for the fast-paced 2018 market, as homes sold faster than ever in 2017, with no signs of slowing down, according to the 2017 Zillow Group Consumer Housing Trends Report. Last year, it took 81

Real Estate in Brief: Americans’ confidence gets a boost, HUD initiative for veteran housing and more

Americans were more confident about buying a home in March than in April, according to the latest Fannie Mae’s latest Home Purchase Sentiment Index, which increased 2.5 points in March to 88.3, a significant change compared to the 3.7 point

RE/MAX: Most of the country is a seller’s market

Those buying a home in the U.S. are facing difficulties as housing prices continue to surge for the 24th straight month, which caused home sales to decline for the fourth straight month, creating a seller’s market across the country.

HUD joins DOJ to fight sexual harassment in housing

On April 12, U.S. Department of Housing and Urban Development Secretary Ben Carson and Attorney General Jeff Sessions announced the debut of an initiative intended to promote public awareness and increase the reporting of sexual harassment in housing. The

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Zillow rolls out home-selling initiative

Zillow recently expanded its Instant Offers platform to a second city as part of an overall plan to get into the buying and selling game around the country. The product got its start in Las Vegas last year and

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Social media sparks millennial interest in homebuying

Of the many factors prompting homeownership, one particular catalyst that encourages millennials to delve into real estate is social media. In surveys that compare social media’s influence on millennial first-time homebuyers to all first-time homebuyers (of which millennials make

NAR pauses rebranding rollout due to member feedback

Upon this week’s announcement of a new logo for the first time in 45 years, the National Association began to hear backlash from its members. Many agents around the country not only disliked the design but were confounded by

Home prices across the country already beating last year’s highs

Home prices across the country are heating up faster than the temperature as the spring market gets underway. According to realtor.com’s March 2018 monthly housing trend report, the U.S. median listing price for a home was $280,000 last month,

Real Estate in Brief: CoreLogic Home Price Index reveals home prices increase and more

The latest Home Price Index from CoreLogic reveals that U.S. home prices increased for the seventh consecutive month in February, up 6.7 percent from February 2017 and 1 percent from January 2018. CoreLogic’s HPI Forecast predicts that U.S. home prices

Rising interest rates and home prices hit home-searching millennials hardest

Interest rates and prices are steadily rising across the housing market, leaving millennials are more likely than their generational counterparts to change the type of homes they’re willing to purchase. According to data found from a survey conducted by

Multigenerational households gain popularity in the US

The percentage of Americans living in multigenerational households is at its highest since the 1950s. Using data from 2016, Pew Research Center estimated that 64 million people — or 20 percent of the U.S. population — live in a house

NAR unveils new ‘multi-dimensional’ look

After 45 years, the National Association of Realtors’ familiar logo is on the way out in favor of a refreshed new look that the organization hopes symbolizes its focus on the future. The new logo — featuring a 3-D

Listing descriptions can increase sales price by up to 29 percent

When looking for a new home, many buyers have specific amenities and features on their wishlists, ranging anywhere from state-of-the-art kitchen appliances to solar panels and other green features. These amenities aren’t just important for buyers — they can

Lack of new-home sales fuels amped-up spring competition

Buyers can expect the coming months to be the most competitive buying season in years, largely because not enough new homes were sold this winter to quell the demand, according to a new report from realtor.com. About 618,000 newly constructed

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