News / Features

Millennials and baby boomers defy assumed market trends

Millennials and baby boomers, the two largest demographic groups in history, are not as predictable as many home developers thought. Urban Land Magazine reports that millennials — people age 37 and younger — are not too crazy about the

Single-family home construction rate drops in June

Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual

Nextdoor teams up with HouseCanary to push market data

Nextdoor, the social network for neighborhoods, announced Tuesday that they will be joining forces with real estate analytics company HouseCanary to push property valuations and forecasts on the social platform. Agents regularly turn to Nextdoor as a resource for

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This Week in Houston Real Estate: New developments, homebuyer waivers and more

Residents of Houston’s Third Ward are fighting for a say in the neighborhood’s development. According to Next City, as a result of the developments in the area, home prices in the Third Ward increased 176 percent in the span

The reasons why millennials don’t own a home

Millennials have turned out to be the largest generation in history, but surprisingly, they make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,

How the residential real estate market has changed over the past decade

The National Association of Realtors analyzed existing home-sale figures for the past ten years, stretching from May 2008 to May 2018. Comparing the analytics from the the month of May across this timeframe, NAR research data specialist Michael Hyman

How teams impact real estate brokerages

About 80 percent of real estate executives agree that teams have facilitated growth in their brokerage’s business over the last five years, according to a new research from an Imprev Thought Leader Study. Teams are becoming increasingly popular and encouraged

Hyperloop bypasses Houston stop

During construction of the high-speed transportation system Hyperloop, Texans were surprised to discover that there will not be a stop in Houston, according to the Houston Chronicle. It seems like Houston drew the short end of the stick as

US housing data shows signs of market shift

A combination of findings detailed in recent housing market reports in major metropolitan markets, as well as nationally, has some analysts predicting more favorable conditions for buyers in the coming months. Jeff Lazerson, president of MortgageGrader.com and author of

Redfin looks to raise $239 million through stock, debt offerings

Redfin announced this week that it will be looking to raise up to $239 million through a combination of stock and debt offerings. According to a filing made with the U.S. Securities and Exchange Commission, Redfin said that it

Luxury home market sees significant gains due to upward economic trends

With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million plus homes, sales

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Top housing trade groups urge Congress to reform flood insurance

This week, more than 20 top housing trade groups urged Congress to extend the National Flood Insurance Program (NFIP) which is set to expire on July 31, according to a story from HousingWire. Along with reauthorization, the act is

Real Estate in Brief: How long it takes to build a home, refinancing requests at lowest rate in 17 years and more

The average time it takes to complete a single-family home is about seven and a half months, the same amount of time it took in the previous year, according to the 2017 Survey of Construction from the Census Bureau.

Jobs report sends positive homebuying signals

Lately, it seems like each monthly report on the U.S. jobs market represents another milestone for the economy. In recent months, the Census Bureau has found the overall employment rate to be at its lowest point since 2000. In

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NAR records lowest-ever rate of FSBO sales in 2017

For-sale-by-owner (FSBO) listings tracked by the National Association of Realtors comprised only 8 percent of all home sales in 2017, the lowest rate since NAR began tracking the figure in 1981. FSBO sales as a percentage of all residential

US household energy use falling as homes become more energy efficient

U.S. household energy use fell by more than 10 percent between 2009 and 2015, despite a 4 percent increase in the number of households over the same period, according to analysis of data from the U.S. Energy Information Administration

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