Homeowners are still finding plenty of equity in their homes, but the gains are slowing. Homeowners with a mortgage saw their equity rise by 9.4 percent over the past year, according to CoreLogic’s latest Home Equity Report. The average homeowner gained $12,400 in home equity between the third quarter of 2017 and the third quarter of 2018. That is lower than the more than $16,000 year-over-year gain in equity reported in the second quarter, Cor
House hunters like to search for homes online during their workday, a new survey shows. The peak times for consumers to search for home listings are between 9 a.m. to 5 p.m. on the weekdays. The most popular time is Friday at 10 a.m., according to a new analysis from real estate brokerage Redfin.“Searching for a new home is like a job. Maybe that’s why people most often do it while they work,” Redfin notes in its analysis.Nearly 64 percent
Americans who are moving out of state tend to be heading south, according to a new analysis by LendingTree, a loan information source. Researchers analyzed more than 2 million new purchase mortgage loans to see where people are moving to and from.Florida is the winning destination, according to the analysis. It was the top destination for movers who were relocating out of state in 15 out of the 50 states. Consumers like to move to Texas, but so
From interest rate hikes to climate change, shifts in the physical, political, and economic worlds are having effects on the real estate industry. Some of these developments affect the residential and commercial sides of the business differently, while others are common challenges all practitioners will face. As 2019 approaches, here are a few short-term and long-term hurdles you should know.Short-term Issues 1. Interest rates and the economy: T
Buyers are spending significant time trying to find the perfect home. Fifty-four percent of active buyers say they’ve been trying to find the right home for three months or longer, according to the National Association of Home Builders’ Housing Trends Report poll.Buyers say the biggest delays that are stretching out their home search is they can’t find a home at an affordable price (49%), followed by not being able to find a home with the d
National homebuilder Taylor Morrison has its eye on pastels, unique finishes, and floral touches in the upcoming new year. The builder says it will be incorporating some of the freshly spotted hottest home design trends into its model homes that are set to debut in 2019.Some of those home design trends that it expects to make a splash with home buyers in the new year are: © Taylor Morrison1. Pastels and jewel tones: Baby blues, mint greens
Jim Cronin and his wife, Monte, hadn’t planned on moving from the little yellow house in Paradise, Calif., where they had lived since getting married more than 13 years ago. They once considered trading up to a bigger property but decided it was the best place to raise their 6-year-old son. Then, their plans for the future vanished on Nov. 8, when the biggest wildfire in California history incinerated most of the town and left thousands of peop
Is a chill in the air now being felt in the luxury housing market too? Luxury home prices saw their smallest increases in nearly two years. And those in the luxury market are now blaming a culprit familiar to other sectors of the market for slowing sales and prices: higher mortgage rates.This week, luxury homebuilder Toll Brothers reported a 13 percent drop from last year in the number of signed contracts for homes in the fiscal fourth quarter, a
The best places to retire are in the suburbs near a large metro area, according to a new analysis by GOBankingRates, a personal finance website. The cost of living may be higher near a big city, but a long list of nearby amenities makes these areas more livable when riding out your golden years, according to the analysis.GOBankingRates analyzed the 18 largest cities in the nation to identify the neighborhoods that had a low median listing price,
Have you ever been out to lunch with a business associate who continually checks their phone in the middle of your discussion? Or are you guilty of doing this yourself? It’s not exactly the most professional interaction. Screens today seem to be both a blessing and a curse. On one hand, your online and social media interactions with clients help you stay connected and even gain new leads. On the other, your device becomes your ball and chain,
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