California housing markets were the all-stars in 2017, claiming more than half of the top 20 spots for booming markets this year.But recent wildfires in the state may be taking a toll. Santa Rosa, which faced destructive blazes this fall, dropped seven spots and fell out of the top 10, landing at number 16 on realtor.com®’s top housing market list for 2017.Realtor.com®’s research team identified the hottest metro housing markets in the coun
Counter to seasonal trends, demand for home showings posted a strong increase in November amid steady consumer confidence and low unemployment, according to the ShowingTime Showing Index, which measures buyer demand based on showing appointments. The index showed an 8 percent year-over-year rise in November.“Although the residential real estate industry has entered its regular seasonal slowdown period, demand continues to be strong relative to
Mortgage financing giant Freddie Mac announced a new plan to tackle the affordable housing crisis by financing more rural and manufactured housing and preserving more affordable housing for home buyers and renters across the country. Its Duty to Serve plan will include increasing loan purchases in such underserved markets.Freddie says it will team with the mortgage industry, community nonprofits, organizations, and government officials to expand
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The U.S. House and Senate have passed sweeping tax reform legislation that is expected to have a major impact on housing markets. The bill will go to President Donald Trump now that the House has passed the bill a second time to accommodate small, last-minute changes made in the Senate.The bill is an improvement for homeowners when compared to earlier House and Senate versions, because it makes several changes NAR sought. However the structure o
Housing starts are on the rise, reaching a post-recession high in November. The West and South regions of the country are seeing the bulk of the increase in new-home construction.Housing starts—which include single-family and multifamily production—increased 3.3 percent nationwide in November to a seasonally adjusted annual rate of 1.3 million units, the Commerce Department and the U.S. Department of Housing and Urban Development reported Tue
Home buyers in a small town in western Wisconsin are suing the owners of a nearby farm for using propane-fueled cannons to blast blackbirds away from corn crops. The buyers allege in a lawsuit that the farm owners—Mark Klein, Wendell Klein, and Carlton Klein—concealed their use of the cannons while the couple had been negotiating to buy a neighboring home, which was also owned by Mark Klein.The lawsuit further alleges that Klein had fired his
For the third consecutive month, existing-home sales were on the rise, with all major regions of the country except the West posting a “significant hike in sales activity” last month, the National Association of REALTORS® reported Wednesday.Total existing-home sales—which includes completed transactions for single-family homes, townhomes, condos, and co-ops—increased 5.6 percent in November to a seasonally adjusted annual rate of 5.81 mi
One of the best defenses against hacking is a unique password, but many aren't heeding the call. Indeed, “123456” and “password” continue to rank as the most-leaked passwords, according to SplashData, a password management firm. “Starwars,” “monkey,” and “iloveyou” are new to the list this year, which is based on millions of stolen logins made public in the past year.“Hackers are using common terms from pop culture and sport
Living in areas that are close to shops and restaurants is becoming increasingly attractive for both young and older generations, according to the 2017 National Community and Transportation Preference Survey conducted by American Strategies and Meyers Research on behalf of the National Association of REALTORS®. Researchers polled 3,000 adults from across the United States to find out what they are looking for in a community.Fifty-three percent o
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