Real Estate News - Page 16

The days of Millennials sitting on the homebuying sidelines have now come to an end. According to new data, the generation is now taking out the largest dollar share of new mortgages in the nation.

Spring is typically the hottest homebuying season of the year. But in 2019, that trend might not hold true. With mortgage rates near one-year lows, home sales down and showings on a steep downturn, spring is shaping up to be a pretty good time to buy a home.

The No. 7 U.S. lender isn’t a big bank of fintech firm. Nope. According to a new analysis, it’s good old mom and dad.

Own a home in Big Sky, Montana? Then you might want to consider listing it on Airbnb before Spring Break rolls in. According to new data, the city offers the nation’s biggest Spring Break jump in short-term rental rates.

If you’re hoping to buy a luxury home this year, then you might want to stock up on swimsuits. According to a new analysis, none other than Maui, Hawaii, is the nation’s top market for luxury buyers.

Housing inventory is finally on the rise. According to new data, January saw for-sale inventory jump 1.2 percent over December, marking the first time in half a decade that has happened. The last time a calendar year kicked off with an increase in inventory was 2014.

Tiny homes are often billed as the new big trend in real estate, but according to data, that just isn’t the case. In fact, tiny homes only made up a mere 2.1 percent of all New York City sales in the last eight years — and that’s the highest share of all major cities in the country.

Looking to snag a low mortgage rate? Then considering putting down roots in California. According to new data, the state claims the lowest mortgage rates in the nation.

For the past few years, iBuyers like Opendoor, Offerpad and other similar platforms have been simplifying the sales process for homeowners across the country, offering easy, instant cash offers, without all the hassle and headache of the open market. Now, with the launch of a new online marketplace, sellers can do more than just utilize iBuyers to sell their homes; they can actually compare the offers of more than 100 iBuyers in one single place, too.

Americans looking to buy a house — and do so affordably — might want to head to inward. According to a new ranking, Pittsburgh, Cleveland and Oklahoma City are the best cities for first-time homebuyers, boasting affordable entry-level homes, low down payment averages and not-so-stringent credit score standards.

The number of married couples living with roommates has more than doubled since 1995. According to new data, nearly 280,000 married homeowners had renters on their properties last year. In the costly Western housing markets, the trend is growing even more.

Aspiring homeowners are willing to do a lot in order to buy a house. According to new data, many would work an extra job or even add a roommate in order to realize their dreams of homeownership sooner.

Rents continued their upward climb last year, with even small, studio properties clocking in at an average $1,065 rent by December’s end. And according to new data, Newark, New Jersey renters got hit the worst.

If members of Generation Z want to own a home, they need to start saving today. According to new data, Gen Zers need to save more than $300 a month to buy a house by age 30.

Nearing retirement and want to save? Then you may want to head to Sioux Falls, South Dakota. According to a new ranking, the city is the nation’s most affordable place to retire, offering low home prices and an even lower cost of living.

Selling your home? Make sure you stage it for sale. Staged homes sell 73% faster than non-staged homes; and sell at higher prices, too. Here's how to do it.

Last year was a good time to sell your home, apparently. According to new data, U.S. home sellers made record profits in 2018, clocking in with an average of $61,000 per sale.

Looking to get in on the Airbnb game this year? Then look to the South and West. According to a new ranking, that’s where Airbnb hosts see the most profits year-round.

Thanks to increasing inventory, slowing home value growth and last year’s jumps in mortgage rates, price cuts are becoming the norm when it comes to new construction. In fact, according to new data, 25 percent of new homes last quarter saw a price reduction.

Mortgage rates dropped 23 basis points in December and have hovered around 4.5 percent ever since — a number not seen since early last year. According to one expert, they might not be finished dropping either.