Items Tagged with 'home buyers'

ARTICLES

Here are the top 10 best cities to sell a home

DFW area claims 5 top spots
Home prices are increasing as inventory hits new lows. And yet, homebuyers continue to flood the market. Under these conditions, sellers are at an advantage. SmartAsset produced a list that shows the top 10 best cities to sell a home.
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Ellie Mae: Homebuyers prioritize technology, but still want personal interaction

And it’s not just a Millennial thing
Ellie Mae’s new study shows that homebuyers of all ages are calling for an increase in technology for their home buying experience. While Millennials are the generation with the highest calls for online mortgages, they aren’t the only one. And even Millennials still want the personal touch of a loan officer.
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Housing inventory in Northwest plummets to lowest point ever

Sellers still in Winter hibernation
This Spring is already shaping up to be one of the strongest home buying seasons in recent memory and it hasn’t even begun. In fact, sellers are still in hibernation even as buyers fight over the current dwindling inventory. Northwest MLS expects an uptick in listings later this Spring, but will it be enough to feed the frenzy? Probably not.
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Gen Xers suddenly start buying homes in droves

Millennials aren’t alone in struggle with student debt
Millennials receive much of the focus from the housing market as they are the next generation expected to enter the market, however the much-needed starter homes are currently owned by another generation – Gen X. And for the first time in several years, Gen Xers are beginning to buy their next home, showing the most home buying activity since 2014.
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Homeowners pay the most property taxes in these 10 states

Where does your state fall?

After settling the down payment and closing costs, homeowners look to pay their mortgage payment and their property taxes. While these taxes are barely felt in some places, that is not the case for everyone. In fact, in the top state, average homeowners could be looking at an added $600 per month in property taxes.


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Higher mortgage rates make waves in housing market

Even a small change affects debt-to-income ratios
Interest rates increased significantly the first week after President-elect Donald Trump won the presidential election. Now, that increase is affecting the housing market and it has become a deal-breaker for some homebuyers.
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NAR: More single women buying homes

First-time buyers increase after 3 years of declines
A new survey from the National Association of Realtors shows women increased their share in the housing market to the highest it’s been since 2011, which is now double that of single men. This is despite having annual incomes that are significantly less than men. But single women aren’t the only group buying more homes.
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Millennials shun homebuying in coastal cities

Top 5 places they want to live
As Millennials move into homeownership, they are looking at places to settle down that have higher income growth and more affordable homes. Using data from CoreLogic and Zillow, Fannie Mae created a list of the top 5 most attractive places for Millennials.
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From HW Magazine

Ellie Mae's Millennial Tracker prepares lenders to serve young homebuyers

Provides insight into lending trends
The mortgage industry is poised to experience a monumental shift as more Millennial homebuyers begin to enter the market. There are roughly 87 million would-be homebuyers in the Millennial generation and 91% of them say they intend to own a home one day. Lenders must prepare today to meet their needs.
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