Homeowners spend an average $21,000 preparing to list their home for sale, according to Zillow. About 25 percent of home sellers willing and able to afford to fix up their home before listing were able to sell above the list price.
The Silent Generation, aged 73 to 93 years, was the smallest homebuying age cohort in 2018, with a seven percent market share. These buyers are most likely to buy a home to be closer to friends and family.
The nation's housing markets, even in the priciest ZIP codes, are shifting in advantage toward home buyers after years of favoring sellers. Year-over-year, 10 times as many of the 100 biggest U.S. metros now favor buyers.
Home prices in Los Angeles, Orange, and San Diego counties in California fell in March 2019, the first annual decline for LA and San Diego counties since 2012, and the third for Orange County since December 2018.
JPMorgan Chase and Wells Fargo recently released their latest earnings reports, showing that mortgage originations and lending had double-digit drops over the previous year, and JPM CEO Jamie Dimon told analysts, “Non-banks are becoming competitors."
First-timers and downsizers are increasingly heading to the exurbs in search of affordable, and often newer single-family homes in communities with lower density.
Builder confidence hit a new high in April, increasing one point to 63, according to the National Association of Home Builders’ monthly confidence index data.
A recent ranking tracked how many years of work it could take to achieve homeownership in the 50 biggest U.S. cities, based on median incomes and median home values.
A new study of home sales between the fourth quarter of 2017 and the third quarter of 2018 assesses the impact of the Tax Cuts and Jobs Act (TCJA) on real estate activity.
Older Baby Boomers were the most satisfied homebuyers in a new demographic study of generational buyer trends. Older Boomers accounted for the second-largest share of home sellers in 2018 (22 percent).