Whether they decide to move from their current homes or age in place, the decisions baby boomers and other older homeowners make during the next few years could significantly impact the single-family housing market. Today, baby boomers and other homeowners age 55 and older control almost two-third (or about $8 trillion) of the nation's home…
This spring’s real estate market is coming in strong. New data released by realtor.com shows that homes in May are moving off the market at the fastest pace seen since the housing recovery began, despite record-high asking prices. Based on realtor.com's preliminary findings, homes spent a median of 65 days on the market in May—the…
This could finally be the year that production of single-family homes outpaces apartments in the U.S., according to the National Association of Home Builders' 2016 Spring Construction Forecast. On the downside, factors that stand to hinder a full rebound include a shortage of build-able lots and labor, along with limited access to acquisition, construction and…
When you are ready to buy a home, there are a few items you must consider. It is a significant and expensive milestone in your life. Here are 10 things you must know before making a purchase. 1. Find a Reliable Realtor, you must have a real estate agent who will protect your interests. 2.…
It looks like millennials are finally jumping into the home ownership phase of their grownup lives. Reports from Realtor.com identified some hot spots where millennials accounted for a significant portion of new mortgages. Some of these cities are not the usual millennial haunts: Des Moines, Iowa; Provo, Utah and the cities of Baton Rouge Lafayette,…