Los Angeles’ ZIP code 90014 is gentrifying at the fastest rate in the nation, according to a new analysis by RentCafe. The LA ZIP code has seen a lot of change over the past 16 years: home values increasing 707 percent; household incomes rising 85 percent; and the number of residents with higher education growing by 857 percent.To identify the fastest-gentrifying ZIP codes, RentCafe researchers looked at 2000 U.S. Census Bureau data and 2016 Am
New-home sales may have started 2018 by softening, but that hasn’t made Freddie Mac economists lose their optimism that the sector will be key to driving the housing market in 2018. New-home sales plunged 7.8 percent in January month over month, but economists remain hopeful.“While existing home sales may struggle to top their best-in-over-a-decade 2017 performance, new home sales should provide enough growth to push total home sales in the U
The federal government may increasingly be eyeing manufactured housing as one potential solution to ease shortages of affordable homes across the country. Mortgage financing giants Fannie Mae and Freddie Mac announced plans in January to purchase more manufactured housing loans over the next three years. Further, the U.S. Department of Housing and Urban Development recently announced it is reviewing regulations surrounding manufactured housing.Ma
The Academy Award-nominated movie “Three Billboards Outside Ebbing, Missouri” has some intrigued about the fictional backdrop for the movie. But the many searches for the town are coming up empty on realtor.com®. Instead, visitors will want to search for the movie’s true backdrop: Sylva, N.C.Ebbing, Mo., is depicted in the Oscar-nominated film “Three Billboards Outside Ebbing, Missouri,” which picked up two Academy Awards Sunday night
Residents from other countries are increasingly eyeing U.S. real estate as a good investment, and they’re making up a significant portion of buyers in some markets. But who is coming is changing.Chinese buyers have been the biggest portion, spending the most of any foreign group on U.S. real estate. They spent $31.7 billion on residential real estate in the U.S. between April 2016 and March 2017, according to the National Association of REALTOR
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For those who hope to put their home on the market, a few of the latest decor trends may best be avoided to prevent turning off buyers. Realtor.com® recently highlighted a few, including:1. WallpaperBold wallpaper with bright colors and geometric shapes has been a popular trend lately, particularly in smaller bathrooms. “It’s better to not overdo it with bold, bright patterns, even though these may be in style for now, particularly for wallp
Home buyers are stretching their searches beyond inventory-starved suburbs of major metros to under-the-radar secondary markets, according to a new report released this week by realtor.com®.“Buyers have traditionally sought refuge in the suburbs during times of high home prices,” says Javier Vivas, director of economic research at realtor.com®. “But with today’s record highs, even the suburbs have gotten pricey, which has demand floo
Several new companies are introducing robots that could reshape how property is rented and sold. Robots are showing properties, creating floor plans, and shooting videos of homes and freeing the time of agents to focus on other tasks in a transaction. The Wall Street Journal recently featured several examples of where exactly the robots are heading into real estate. For example, Zenplace captured headlines in recent months when it started
For the eighth consecutive week, borrowing costs were on the rise.“Optimistic testimony on Capitol Hill from Federal Reserve Chairman Jerome Powell sent Treasury yields higher as Powell stated his outlook for the economy has strengthened since December,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Following Treasurys, the 30-year fixed mortgage rate jumped 3 basis points to reach 4.43 percent in this week’s survey. The 30-ye
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