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News

Housing Starts In U.S. Rise To Highest Level In Eight Months

August 19, 2014
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Housing starts surged in July to the highest level in eight months, underscoring the recent pickup in builder optimism as the U.S. residential real-estate market gains some traction. Beginning home construction climbed 15.7 percent to a 1.09 million annualized rate following June’s 945,000 pace, which was stronger than previously reported, the Commerce Department said today […]

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5 Reasons Why The Housing Market Won’t Crash

August 18, 2014
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After the financial crisis and mortgage meltdown, it’s natural that many people are skeptical about the housing market. Still, the housing market is recovering. There is a host of data out there that shows, while the biggest part of the snap-back in prices is behind us, there may be significant upside in the years ahead. […]

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Homebuilder Confidence In U.S. Increases To Seven-Month High

August 18, 2014
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Confidence among U.S. homebuilders rose in August to the highest level in seven months, showing the industry is making more headway after weakness earlier this year. The National Association of Home Builders/Wells Fargo sentiment measure climbed to 55 from 53 in July. Readings above 50 mean more respondents said conditions were good. Historically low mortgage […]

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The Sensible Resurgence Of The Multigenerational Home

August 13, 2014
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A record 57 million Americans, or 18.1 percent of the population, lived in a multigenerational household in 2012, according to a Pew Research report. That’s up from 28 million, or 12.1 percent of the population, in 1980. Visit the website of major builders such as Toll Brothers and Lennar and you’ll see multiple designs of […]

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How Much Waiting To Buy A Home Could Cost You

August 9, 2014
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If you’ve been on the fence about buying a home now or delaying your purchase until next year, you’ll want to pay attention to this: The house you can afford today may be out of reach a year from now due to rising interest rates and home price appreciation. To put a dollar figure on it, […]

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FICO Changes May Ease Credit Access – Young Americans, First-Time Homebuyers Might Be The Biggest Beneficiaries

August 9, 2014
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A new calculation of credit scores soon could make it easier for millions of Americans to qualify for car loans and credit cards. The Fair Isaac Corp., which issues credit scores used in 90 percent of U.S. consumer lending decisions, said this week that it will give less weight to unpaid medical bills when assessing […]

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10 Cities Beating National Housing Trends

August 9, 2014
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Ten metros are standing out for strong price appreciation, housing inventory increases, and a rise in home sales that are far outpacing the more moderate gains in the national housing market, according to realtor.com’s National Housing Trend Report for June. Reno, Nevada, has seen the largest year-over-year increase in home prices – nearly 18.5 percent […]

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Millennial Boomtowns: Where The Generation Is Clustering (It’s Not Downtown)

August 9, 2014
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Much has been written about the supposed preference of millennials to live in hip urban settings where cars are not necessary. Surveys of best cities for millennials invariably feature places like New York, San Francisco, Chicago and Boston. And to be sure, the numbers of millennials living in urban cores has grown, as downtowns and […]

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Why Americans Moved Last Year: Cheaper Housing, Shorter Commutes

August 6, 2014
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More Americans who moved between 2012 and 2013 did so to secure cheaper housing or a shorter commute, compared to 1999, when more movers sought to upgrade their home or apartment, according to a U.S. Census Bureau report. Housing continues to be the main reason Americans move, with 48% citing housing-related drivers, followed by family-related […]

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Why Some States Are Building More Homes Than Others

August 6, 2014
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While the pace of the housing recovery has slowed in 2014, the long-term trend continues to be positive. Total single-family and multifamily housing construction starts should end the year at just under 1 million, which represents a more than 50 percent improvement over the total recorded in 2011. Energy and other natural resource booms are […]

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