Real Estate News - Page 11

American mortgage debt has offficially reached a new high. According to recent data, Americans now hold more than $9 trillion in mortgage balances — up around $1 trillion from just three years ago.

Consumers are putting their money where their bed is. According to a new study, home improvement spending is up 17 percent, with the average homeowner spending more than $9,000 on home projects in just the last year.

Home prices are getting bigger, but rates are dropping. Consumers are still optimistic about buying. What should you do as a prospective home buyer?

Home prices have hit a new peak. According to new data, U.S. house prices just experienced their biggest quarterly increase in four years.

Higher degrees generally come with higher incomes, but it turns out they’re not a requirement for buying a home. In fact, according to a new analysis, a high school degree offers enough income to afford a home in nearly three-quarters of the country’s biggest cities.

Confidence in the housing market remains near an all-time high. According to new data, consumers are especially optimistic about mortgage rates and home prices.

Housing might be looking up, but that doesn’t mean today’s homebuyers have it easy — especially not first-timers. In fact, according to new data, more than half of first-time homebuyers have been searching for six months or more to find that dream house.

Nearly one in two homeowners is planning to renovate in the next two years. Though HELOCs offer a good source of funding for these projects, according to a new survey, many homeowners don’t even know what these financial products are.

The number of bidding wars just keeps slipping — but those days might be numbered. According to new data, just 12 percent of buyers faced a bidding war last month — marking a 52 percent drop from a year earlier. But will the trend continue? Experts don’t expect so.

Millennials looking to buy a house should head to Ohio. According to a new analysis, that’s where three of the nation’s 10 best cities for Millennials are located.

Consider San Francisco the spot for home-selling seniors. According to a new analysis, the average San Fran homeowner 55 and up sees their house appreciate 311 percent from the time of purchase — more than any other city in the country.

Tired of paying sky-high energy bills this summer? Then buying a house in Washington, D.C. might be your best move. According to a new ranking, the district boasts the lowest monthly energy bills in the nation.

Home inspections can offer serious value. In fact, according to a new analysis, they save buyers an average of $14,000 per home purchase.

Thanks to lower mortgage rates and rising incomes, housing affordability is actually up for the first time in years. And in five lucky cities, it’s up quite considerably.

Have a cat? Want to buy a home? Then make your way to the West Coast. According to a new ranking, Oregon and Washington are home to the two most cat-friendly housing markets in the nation.

Thanks to yet another drop in mortgage rates last week, homeowners could save big by refinancing. In fact, according to new data, a refinance could help more than 8 million borrowers shave at least 0.75 percent off their interest rate.

Most renters wish they owned a home. In fact, according to a new report, nearly half of all renters say they regret renting instead of buying.

Homebuying demand is up. In fact, according to a new survey of real estate pros, nearly 60 percent say recent drops in mortgage rates have caused demand to spike in their areas.

Americans who are on the fence about buying a home might want to act soon. Home prices just notched their first growth spurt in over a year, and according to some experts, they’re only going to rise from there.

Mortgage insurance often gets a bad rap. But according to new data, it actually helped more than 1 million Americans either purchase a home or refinance their mortgage loan last year.