Items Tagged with 'home buyers'

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Orlando home sales soar 40% higher month-over-month

Housing inventory reaches lowest point since 2013
Home sales skyrocketed in March by 40% compared to February as homebuyer activity increased in Orlando. However, this jump put even further strain on an already inventory-starved market, bringing housing supply to levels not seen since 2013.
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And the most competitive housing market in March is…

Redfin study names top 5
Redfin’s recent study not only showed that the housing market is gearing up for a hot spring home-buying market, but also which markets are the most competitive. In some markets, homes are selling in just over a week, while in others nearly 70% of homes are selling above asking price. As the industry gears up for one of the busiest times of the year, here are the five most competitive markets.
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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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