Where Owners Spend the Most on Renovations DAILY NEWS Maryland home owners are spending more on home renovation projects than any other area in the country. The National Association of Home Builders recently released estimates of spending on home improvements in owner-occupied housing by ZIP code. Maryland boasted a ZIP code with the highest total...... Read More
Repeat Buyers Plunge: Fannie Offers Help DAILY NEWS The percentage of repeat home buyers has fallen 40 percent between 2002 and 2014, according to mortgage financing giant Fannie Mae’s research. Why the drastic drop? Jude Landis, vice president of single-family credit policy at Fannie Mae, speculates that for home owners who are credit eligible to...... Read More
Young Buyers Are Targeting These Metros DAILY NEWS The millennial generation is 43.5 million strong, and they are expected to make a big splash in the housing market. The older group of millennails – those in the 25 to 34 age group, comprise 13.6 percent of the U.S. population alone and are 30 percent of...... Read More
Which Agent Rating Site Scores the Best? DAILY NEWS In a follow up to last year’s debut Ratings System Report Card, the Pennsylvania Association of REALTORS® has released its latest report card that scores the most popular sites that rates real estate agents. PAR reviewed the 10 most popular sites where agents receive ratings and...... Read More
Tips for Battling Against Low Inventory DAILY NEWS A shortage of homes for-sale is creating a roadblock for some would-be home buyers. In some markets, home buyers are left scrambling for a scant number of homes for-sale and that is sending home prices escalating. Read more: Inventory Relief Coming Soon? “If you’re seeking to purchase...... Read More
Baby Boomers Blamed for Clog in Housing DAILY NEWS Some economists say the baby boomers aren’t selling their homes like previous generations did and not downsizing fast enough, which is leading to shortages of homes for sale and rising prices. Baby boomers are “clogging up the whole chain of home sales,” says Sean Becketti, chief...... Read More
Mortgage Rates Still Below 4%, For Now DAILY NEWS For the third consecutive week, the 30-year fixed-rate mortgage dropped, offering home buyers a chance to lock in lower mortgage rates ahead of the Federal Reserve’s largely predicted move to raise federal funds rate later this month. Freddie Mac reports the following averages with national rates...... Read More
The Hot List: 20 Top-Performing Markets DAILY NEWS A seasonal slowdown is taking root in many real estate markets across the country, with median list prices stabilizing and a declining number of homes on the market, according to realtor.com®’s latest housing report, reflecting November data. Read more: These Markets Will Make a Splash Next Year...... Read More
5 Creative Marketing Ideas to Sell a Home DAILY NEWS Does your marketing need a refresh? Some real estate professionals are trying out some unusual ways to drum up more potential buyers for their listings. Draw some inspiration with a few of their ideas: 1. The house that tweeted: Some real estate professionals are having...... Read More