Items Tagged with 'homebuying'

ARTICLES

  • NAR: Three-quarters of buyers found their homes on their phones

    Typical buyer viewed 10 homes before purchasing
    About three-quarters of buyers reported finding their homes using their phone, according to a report from the National Association of Realtors. Mobile-phone use differed by generations: about 80% of Millennials, meaning younger than 38 years old, began their search on their phone, while 78% of Gen Xers, meaning 39 to 53, and 68% of Young Boomers, meaning 54 to 63, started there.
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  • Zillow to begin buying and selling homes in San Diego

    This is the second California market
    Zillow Offers is continuing its expansion, announcing Monday it will be buying and selling homes in San Diego. This comes after Zillow announced in August it would be buying and selling in Nashville, Cincinnati; Oklahoma City; Jacksonville, Florida; and Tucson, Arizona.
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  • Half of home shoppers say they can't find a house in their budget

    Housing affordability is the issue, again
    In the second quarter of 2019, more than half of buyers (55%) who were actively looking for a home were unsuccessful, even after searching for three months. According to the National Association of Home Builders, there is a five-point increase in the amount of homebuyers who say high prices are keeping them from purchasing a home.
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  • Good news for the mortgage business: Nearly all homebuyers are happy they stopped renting

    Bank of America survey reveals insight into homebuyers’ attitudes towards owning
    Despite recent data from Freddie Mac showing that more than 80% of renters view renting as more affordable than buying a home, new data from Bank of America shows that the vast majority of renters who made the plunge into homeownership have no regrets about their decision.
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  • Keller Williams launches concierge service

    The "labbing process" will begin to run this week in three states
    In an effort to maximize home sale prices for its customers, Keller Williams will be testing a concierge program in Texas, Georgia, and California. The program will offer certain minor home improvements and other services to customers at no upfront cost. 
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  • Redfin is now publishing real estate agent commissions on listings

    Company says it will help with transparancy
    A new study from Redfin showed that more than half of recent homebuyers don't totally understand how their real estate agent gets paid, so the online brokerage is setting out to do something about that. Redfin announced Thursday that the commissions of buyer's agents will now be published on some of the company's real estate listings, because the company believes that being transparent with commission will help the customer better understand the transaction.
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  • NAHB: 20% of homebuyers expect searching for a home to get easier

    Inventory crunch impacting prospective buyers' behavior
    As more older homeowners are indicating that they plan to age in place, the lack of available homes for purchase will continue to impact younger prospective homebuyers. In fact, according to new data from the National Association of Homebuilders, only 20% of prospective homebuyers expect the search for a home to ease up in the coming months.
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  • More than half of Baby Boomers say they want to stay in their houses after they retire

    Getting roommates and downsizing are some of the ways retirees are able to afford housing
    Even as Millennials enter the homebuying market, many Baby Boomers indicate they plan to stay in their homes throughout their retirements, according to a new study from PropertyShark. The study showed that more than half of Baby Boomers (56% to be exact) said they want to age in place and stay in the home they're in now.
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