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80 years and counting: More storage, please

Posted by   /  February 21, 2018  /  Real Estate  /  No Comments

NAHB Despite eight decades and a multi-generation divide, prospective home buyers in 1938 expressed preferences for many of the same features and amenities favored by today’s home buyers. Published by Simon and Schuster, Inc., The 1938 Book of Small Houses includes the results of an extensive consumer poll distributed to 250,000 public utility customers in New York […]

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Survey: Home buyers remain mostly unfazed by 5% mortgage rates

Posted by   /  February 13, 2018  /  Real Estate  /  No Comments

Rate rises may not have the impact many expect. Builder Just 6% of prospective home buyers would halt their home search if mortgage rates rose above 5%, according to a late-2017 survey commissioned by (www.redfin.com). This represents a modest one-point increase in the portion of buyers who responded this way to a similar survey question in May, […]

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Home prices are dropping: How far are they falling?

Posted by   /  November 22, 2017  /  Real Estate  /  No Comments

By Clare Trapasso | Realtor.com Home buyers pinching their pennies should rejoice: Existing-home prices are continuing to drop. Sorry, sellers! The median price of an existing home (i.e. one that has previously been lived in) fell 0.24% from September to hit $247,000 in October, according to the most recent National Association of Realtors® report. And as cash-strapped would-be […]

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Home builder lures millennials with offer to help pay their student loans

Posted by   /  September 26, 2017  /  Real Estate  /  No Comments

Consumer advocates worry such programs tend to drive up prices By Laura Kusisto | The Wall Street Journal Student loan debt has been an obstacle for many potential home buyers. Now Lennar Corp. LEN 0.50% is trying to do something about it. A subsidiary called Eagle Home Mortgage plans to introduce on Tuesday a program under which it will pay off […]

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First-time buying surged in 2nd quarter

Posted by   /  August 30, 2017  /  Real Estate  /  No Comments

Builder First-time home buyers purchased 570,000 single-family homes in the second quarter, compared to 426,000 in the first, marking the highest number of first-time home buyer purchases during a second quarter since1999, which had 599,000, according to the First-Time Homebuyer Market Report, released today by Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. […]

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A mismatch of home buyers and sellers points to pain this year

Posted by   /  February 8, 2017  /  Real Estate  /  No Comments

Data suggests there is a significant and growing shortage of lower-priced homes and a glut of high-end ones By Laura Kusisto | The Wall Street Journal The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a […]

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The mysterious disappearance of repeat home buyers

Posted by   /  September 27, 2016  /  Real Estate  /  No Comments

By Clare Trapasso | realtor.com A lot of ink has been spilled over the woes of first-time home buyers struggling to save up for a down payment while paying off student loan debt, securing a mortgage in an age of sky-high credit scores, and then finding an abode they can afford at a time when […]

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1 in 3 Arizona home buyers pay cash

Posted by   /  April 24, 2016  /  Real Estate  /  No Comments

Jann Swanson | Mortgage News Daily All cash sales continued at an elevated level in January, increasing from December but accounting for a substantially lower share of sales than a year earlier. CoreLogic said those sales made up 35.5 percent of residential transaction, up 1.9 percentage points from the previous month, but that cash sales […]

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In a changing landscape, will it be easier to get a home loan in 2015?

Posted by   /  January 19, 2015  /  Real Estate  /  No Comments

MortgageLender

By Michele Lerner | The Washington Post At the beginning of 2014, the federal government imposed stringent new rules that increased the ratio of income to debt that borrowers needed to qualify for a mortgage. But by year’s end, the government was allowing down payments as low as 3 percent and loosening other restrictions. The […]

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