A majority of homeowners recently surveyed say they believe owning a home isn’t as difficult as renting, according to a new survey from LendingTree, an online loan marketplace. Only 15% of homeowners believe renting is easier than owning a home, compared with 67% of more than 2,000 homeowners who said owning is easier, the survey found.For the most part, the longer homeowners have been in their homes, the more likely they are to believe owning
A remodeling labor shortage continues to impact housing projects by increasing prices and delaying timetables, a new survey from the National Association of Home Builders shows. Remodeling jobs that involve carpenters, framing crews, bricklayers, and electricians are seeing some of the largest shortages.“The labor shortage continues to be one of the top concerns for remodelers across the country,” says Tim Ellis, the NAHB’s Remodelers chair
A Texas board is concerned appraisals could inflate following a potential breach in home price data to a county’s appraisal district. The Austin Board of REALTORS® is accusing the vendor of its MLS—CoreLogic—of selling home-sold data to a local appraisal organization and enabling “unauthorized exploitation” of MLS home price data in 2018.CoreLogic runs ABoR’s multiple listing service. ABoR claims that CoreLogic “inappropriatel
Short-term housing rental companies are allowing property owners to turn their homes into investment properties. They’re giving hotels some serious competition.But these short-term renters have specific amenities they’re seeking. IPX1031, a firm that provides exchange services, surveyed 2,000 consumers to ask about what they look for when they rent an Airbnb.Some of the top factors that consumers said prompted them to choose an Airbnb ov
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It can be difficult to lend the illusion of more space to a home with low ceilings. A recent article at Houzz from columnist Becky Harris explains how you can make low ceilings appear higher.Use High-Gloss Paint to Your Advantage Painting the ceiling a glossy white will allow the room to reflect more light, making it appear more spacious that it really is. Interior designer Lourdes Gabriela used glossy white ceilings in a Florida condo that, she
Buyers are showing more interest in technological home features, with 46% of new and prospective homeowners saying, for example, that they want a security camera on the premises, according to the National Association of Home Builders’ latest annual survey, What Home Buyers Really Want.Three of the four most-wanted tech features are related to security, with surveillance cameras leading the pack, the survey shows. Buyers also reported high
In the majority of cities, buyers who earn the median income where they live can afford a median-priced home there as well, according to a new study by online loan marketplace LendingTree. Therefore, most households considered middle-class are not being priced out of the housing market.However, “middle class” can be a broad term that consists of a variety of income levels. A household earning anywhere between two-thirds of the national median
It can be financially harmful to borrowers and investors to repeatedly refinance their mortgages, warns Ginnie Mae, a government-backed firm that guarantees government mortgage bonds. That’s why the institution is taking steps to crack down on the practice of “churning,” where lenders push borrowers to refinance their home loans over and over again.Homeowners may be drawn to the idea of lowering their monthly mortgage payments, but multiple
Following four weeks of rate increases, fixed-rate mortgages posted a drop this week. Rates remain well below their averages from a year ago, and Freddie Mac predicts that will be a boon to home sales over the next couple of months. This comes after the Federal Reserve voted Wednesday not to increase its benchmark rate.“Slightly weaker inflation and labor economic data caused mortgage rates to dip this week,” says Sam Khater, Freddie Mac
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