Fifty-five percent of homeowners who have a child under the age of 18 say their kids’ opinions factored into their homebuying decision, according to a Harris Poll survey of more than 2,000 U.S. adults. What’s more, 74 percent of millennial parents—those up to age 36—indicate they took their kids’ opinions under consideration when buying a home. Renters pay even more attention to their children: 83 percent say their kids’ opinions matt
The National Trust for Historic Preservation has unveiled its 2018 list of America’s architectural and cultural heritage landmarks that are most at risk of destruction or irreparable damage.“For over 30 years, our list has called attention to threatened one-of-a-kind treasures throughout the nation and galvanized Americans to help local communities save them,” says Stephanie K. Meeks, president and CEO of the NTHP. “From the East L.A. Chi
This summer’s pricey and ultra-competitive housing market may be spooking some would-be home buyers. Total mortgage application volume for home purchases and refinances dropped last week by 4.9 percent on a seasonally adjusted week-to-week basis, the Mortgage Bankers Association reports. Applications are now 12 percent lower than they were a year ago.Home loan applications led the decline, with total applications dropping 6 percent last week. P
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Home inventory of has fallen near record lows across the country, but more consumers are in need of a place to live. Some economists say manufactured homes—also known as mobile homes or trailers—may be the answer to relieve housing shortages in some markets starved for greater affordable housing.About 5.6 percent of Americans—or 17.7 million—live in manufactured homes. These types of homes provide shelter for one in 10 households who live
Homeowners are eyeing their kitchens and bathrooms when it comes to home sprucing. The median spending cost on kitchen remodels rose 10 percent year over year in 2017, according to home remodeling website Houzz’s latest study, “2018 Houzz & Home: Overview of U.S. Renovation.” Other bathrooms and master bathrooms were the second and third most popular rooms, respectively, that homeowners claimed they wanted to renovate.Four in five reno
The month of May saw a record number of new-home purchases. Sales of newly built single-family homes increased 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units, the Commerce Department reported Monday. It marks the highest number of new-home sales of the year and the second highest in sales since the Great Recession.“Sales numbers continue to grow, spurred on by rising home equity, job growth, and reports of a greater nu
Some homeowners are hitting the million-dollar mark after selling their home. Researchers from PropertyShark, a real estate data firm, analyzed 31 cities to see which areas had the most millionaires as a result of purchasing a home before 2001 for less than $1 million, and then selling it after 2001 for $1 million or more.The highest share of home-sale millionaires were from San Francisco, such as homeowners who bought a home prior to the dot-c
Cost-cutting is a rising priority for mortgage lenders, according to Fannie Mae’s Chief Economist Doug Duncan. Faced with declining profits, mortgage lenders are looking to court more business to make up for the lower share of homeowners who are refinancing. Mortgage rates are up about 80 basis points since last September, which has decreased the incentive for homeowners to refinance. Further, existing- and new-home sales were both down in Apri
Any change the federal government makes to Fannie Mae and Freddie Mac must be carefully thought through to ensure there’s no disruption to the availability of safe, affordable mortgage financing, experts from around the country said at a forum hosted by the National Association of REALTORS® on Friday.NAR hosted the forum to bring views from all sides of the debate to help clarify what needs to be done once the federal government turns it atten
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