The 30-year mortgage rate posted its first increase in several weeks after hovering near historic lows for much of the summer.“The 10-year Treasury yield continued its upward trend, rising 7 basis points this week,” says Freddie Mac chief economist Sean Becketti. “As we expected, the 30-year mortgage rate followed suit, increasing 5 basis points to 3.83 percent. This week’s uptick in the 30-year mortgage rate ends a nearly two-month strea
The threat of natural disasters isn’t scaring buyers away from the most vulnerable cities. Home prices are rising twice as fast in areas with the highest risk of natural disasters compared to those with the lowest risk, according to a new study released by real estate data firm ATTOM Data Solutions.Researchers analyzed more than 22,000 U.S. cities across 3,000 counties, factoring in six natural disaster threats: earthquakes, floods, hail, hurri
In the second quarter of this year, homeowners saw their equity increase an average of 10.6 percent—or $12, 987—year over year, according to CoreLogic’s Q2 2017 Homeowner Equity Report. Western states are posting some of the highest upticks in equity. Washington homeowners, for example, saw an average of $40,000 in home equity gains in that period; California homeowners saw increases of about $30,000.“Over the last 12 months, approximate
Sure, compromise between the buyer and seller is part of the game when getting to closing. But there are some things buyers should never acquiesce—or they’ll likely regret their home purchase. Realtor.com® recently asked real estate professionals to weigh in on some of the top items their clients regret about the home they bought.1. The floor plan. It’s difficult and expensive to reconfigure a home’s floor plan. Sarah Garza, MRP, a real
New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year—up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase about 2 percent from 2017 to 2018, according to the report.Economists also predict that the uptick in housing starts, coupled with a moderate increase in
Report shows agents appear to be prioritizing Facebook, LinkedIn over any single portalWill Facebook have its real estate cake and eat Zillow’s, too?In what appears to mark a significant shift in the real estate marketing landscape, real estate agents and brokerages are more likely to buy ads on social media than on all other forms of digital media, including listing portals, a new report and Inman data suggest.The report, which was released by
Buying a home in a new state or city can be daunting for a client, especially if they don’t know much about the area. A family moving for a new job will probably focus their home search on practical factors: house size, school districts, and proximity to the office. But a solid real estate professional knows there’s so much more to consider when finding the right place to live.Sometimes clients may not think it’s relevant or important to sh
Realtor.com® and Veterans United Home Loans, a VA purchase lender, have teamed up to launch a $250,000 Veterans Day Home Giveaway Sweepstakes.The contest will award up to $250,000 toward a home purchase to a U.S. military service member or veteran.Veterans and current members of the military can enter the sweepstakes until Oct. 29 at realtor.com/homegiveaway.The winner will be announced on Veterans Day, Nov. 11.“We all owe so much to the incr
Eighty-four percent of more than 2,800 U.S. apartment residents said that living in a sustainable, green home is important to them, according to the AMLI Sustainable Living Index. Eighty-five percent say they believe that living in a sustainable, green home would be beneficial to their health.Further, 64 percent of apartment dwellers said they’d pay slightly more in order to live in a green community.AMLI, a multifamily real estate company, con
The Federal Reserve voted to leave its short-term rates unchanged on Wednesday but it did indicate that a rise to its short-term interest rates is likely on track for later this year."The basic message here is U.S. economic performance has been good," Fed Chairwoman Janet Yellen said at a press conference following the Fed’s two-day policy meeting. "The American people should feel the steps we have taken to normalize monetary policy ... are w
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