More than 4.9 million homeowners could see a drop in their interest rates if they refinanced their mortgage, according to a new analysis from Black Knight, an analytics provider. That’s up 1.6 million from one week ago.Freddie Mac reported last week that 30-year fixed-rate mortgages dropped to 4.06 percent, down from 4.28 percent the week before. It was the biggest drop in rates in more than a decade.“While this will certainly impact buy
New-home construction is poised to break ground at faster rates in several markets across the country. This could open up housing inventory in some places starved for more homes for sale.“Adding new homes is key to a city’s economic health,” says Robert Dietz, chief economist at the National Association of Home Builders. The bulk of the new-home construction is occurring in the South and Southwest, where land and construction costs tend to
Millennials are the largest buying force in the housing industry, according to the National Association of REALTORS®’ newly released 2019 Home Buyers and Sellers Generational Report. This generation of buyers, who are between the ages of 21 and 38, account for 37 percent of all home purchases. “The largest cohort in America is growing up and becoming more traditional in their buying habits,” the report notes.Older millennials—those
Seventy-eight percent of home buyers say a linen closet in the master bathroom is “desirable” or an “essential/must-have feature,” according to the National Association of Home Builders’ 2019 What Home Buyers Really Want Survey. The report is based on responses from recent and prospective home buyers who plan to purchase within the next three years.Buyers were asked to rate a list of features they most wanted in a bathroom. A shower sta
The share of single female home buyers in the last three years has increased from 15 percent to 18 percent, according to the National Association of REALTORS®. Single women outpace single men when it comes to home purchases, Jessica Lautz, NAR’s vice president of demographics and behavioral insights and research, told ABC News. “When I tell people, they are surprised,” she says about the data. Women are “feeling confident you don’t nee
Median home prices in the first quarter of 2019 were not affordable to people making the average wage in 71 percent of U.S. counties, according to ATTOM Data Solutions’ Q1 2019 U.S. Home Affordability Report. Researchers calculated the amount of income needed to make a monthly house payment—including mortgage, property taxes, and insurance—on a median-priced home, assuming a 3 percent down payment.“We are seeing a housing market in flux a
About John Hi, I'm John Ellis and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you. iProcurrently deals throughout the states of California, Texas,Florida, and New York. We continue to striv
About Kitty Integrity, Energy and Hard Work are words that describe Real Estate Agent Kitty Mathieson who moved to Los Gatos from Santa Monica, Ca in 1981. She began a career thirty years ago in Landscape Design and Custom Build Installation servicing high-end clientele while raising her family in Los Gatos. Having raised her family while running a business, Kitty knows the importance and value of good schools and friendly neighborhoods where
Young adults have waited longer than past generations to jump into homeownership. As they wait, that may have upped their expectations over what their home will look like for when they finally do take the plunge into ownership. Forty-five percent of millennials surveyed say they expect their first home to be their “dream home,” according to a new survey of 2,000 millennials between the ages of 22 and 37, released by Northshore Fireplace.Mille
The 30-year fixed-rate mortgage plunged 22 basis points this week, the largest one-week drop in 10 years, Freddie Mac reports in its weekly mortgage survey.“The Federal Reserve’s concern about the prospects for slowing economic growth caused investor jitters to drive down mortgage rates by the largest amount in over ten years,” says Sam Khater, Freddie Mac’s chief economist. “Despite negative outlooks by some, the economy continues to c
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
