Home Trade-In Program Growing

Reali, a real estate startup that operates in California, has been quickly expanding for the last few years, and it looks like the company has no plans of slowing down. Earlier this year, Reali launched a mortgage business, dubbed Reali Loans, by acquiring Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. The company has […]

House-Buying Power is High

In June, home prices fell 2.2%, declining 4.6% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 6.3% above the housing boom peak. Whereas consumer buying power ticked up 3.3% between May and June, increasing 12.2% year over year. This means when consumer house-buying power is factored in, home […]

Housing Prices Rising…Along with Income

Real house prices in June were down 2.2 percent from May and down 4.6 percent from June 2018, according to First American Financial Corp.’s Real House Price Index (RHPI). Consumer housebuying power–which is defined by First American as how much one can buy based on changes in income and interest rates–increased 3.3 percent between May and June […]

What Will the Upcoming Recession Look Like?

A recession is coming. The only question is when. The current expansion, which turned 10 years old last month, is already twice as long as the average U.S. economic growth period, according to the National Bureau of Economic Research.  About 2% of economists, strategists, academics, and policymakers believe a recession will start this year, said, based on a survey […]

First Time Home Buyers

The profile of first-time homebuyers in the U.S. is changing, according to researchers at the Joint Center for Housing Studies at Harvard University. In a paper titled “The Shifting Profile of First-Time Homebuyers: 1997-2017,” researchers found that in the past 20 years, there has been a significant shift from married households to never-married households among first-time homebuyers. To […]

Sales of Previously Owned Homes on the Rise

Sales of previously owned homes increased in July to a five-month high, underscoring stability in the residential real estate market that may be starting to get a boost from falling borrowing costs. Contract closings rose 2.5% to a 5.42 million annual rate, the National Association of Realtors said Wednesday. That compares with the median forecast […]

“Smart” Upgrades to Increase Home Value

Are you smarter than a smart home? Maybe “dumb as a doorknob” is about to be a joke of the past. From doorbells, locks and blinds, the home just got smarter.  According to U.S. & World Report News, there are plenty of reasons to invest in smart home upgrades to use now, or increase the value of the […]

Mortgage Rates Hit 3 Year Low

The average U.S. rate for a 30-year fixed mortgage fell to another three-year low this week, according to the latest Freddie Mac Primary Mortgage Market Survey. According to the company’s data, the 30-year fixed-rate mortgage averaged 3.55% for the week ending August 22, 2019, down from last week’s rate of 3.6%. That’s almost a percentage point lower than its 2018 average of […]

Millennials Entering the Housing Market

Another day, another set of data that shows that Millennials are now officially in the housing market. Earlier this year, data from showed that Millennials were responsible for more new mortgages in 2018 than any another generation. Now, new data from the same source shows that Millennials’ share of the mortgage market has only increased throughout this year. According to […]