President Donald Trump’s State of the Union address is slated for next week, but realtor.com® released its own “State of the Housing Union.” The housing market outlook is looking bright on several fronts: strong buyer demand, particularly among first-timers, and a growing U.S. economy urging more consumers to buy.But a housing shortage is also proving to be a major obstacle to achieving homeownership, according to the report.“The macro f
Fixed-rate mortgages increased again this week, the third consecutive week to see a rise.“Rates keep climbing,” says Len Kiefer, Freddie Mac’s chief economist. “The 10-year Treasury yield reached its highest point since 2014 reflecting expectations of broad-based economic growth. Mortgage rates, in turn, followed the surge in Treasury yields. The 30-year fixed rate mortgage jumped 11 basis points to 4.15 percent, its highest level since M
Major metros can still offer bargains for investors. Chicago emerged at the top of the list as the most affordable metro for renters, according to newly released rankings by HomeUnion, a real estate investment management firm. Chicago was the only metro nationwide in its analysis where renters, in general, spent less than 20 percent of their annual income on housing.“With its low cost of living, relatively large housing inventory levels, and hi
More buyers purchased new homes last year. The sale of newly built single-family homes rose 8.3 percent in 2017 compared to the previous year.“The number of consumers planning to buy a new home in the near future is trending upward,” says Randy Noel, chairman of the National Association of Home Builders. “Inventory remains low, but its growth in 2017 is an encouraging sign. Our members are telling us that market conditions continue to impro
About Juana"Helping People Home"Former Marine. Juana enjoys working with Veterans and their families. **********************************************************************************************************************************She has been a Realtor since 2006 and has enjoyed working with all her clients.Specialized areas: Spring Branch, Heights, Inside 610 Loop- East End, Magnolia Park, Memorial Park Area, 290/Beltway Area, I45/Beltway Area
California housing markets are still among the top performers in the country, according to realtor.com®’s monthly rankings of the hottest housing markets. Realtor.com® ranks metros based on the most online listing views and the markets where homes are selling the fastest.Overall, the median home list price nationwide was $269,000 in January, 8 percent higher than a year ago. Still, list price increases have subdued somewhat in recent week
A space can have an instant effect on your mood. How can you make sure a home gives off positive energy and style? A recent article at The New York Times shares tips from designers on creating a home that supports a person’s well-being. Some of these tips could also apply to creating a more welcoming vibe in the staging of properties.Embrace the two-foot rule.Justina Blakeney, author of The New Bohemians Handbook: Come Home to Good Vibes,
LoanDepot, the nation’s second largest non-bank consumer lender, announced a new program to connect preapproved home buyers with real estate agents in their local market. The lender’s mello Home program is now adding real estate agents onto its platform to make the connections.Mello first launched in March 2017 to try to streamline the loan process by blending digital and local relationships when applying for a mortgage, says Anthony Hseih, f
A significant uptick in seriously delinquent mortgages is brewing in areas that were struck by Hurricanes Harvey and Irma in the fall of 2017, Black Knight reports. Coastal areas within Florida and Texas that faced the wrath of Hurricanes Harvey and Irma are seeing a dramatic increase in 90-day-plus delinquencies.An estimated 40,200 loans that are 90 or more days delinquent are being blamed on Hurricane Harvey, which struck the Gulf Coast of
Former president Lyndon B. Johnson owned the property from 1963 to 1971For $2.8 million, you’ll be able to live like a president — not at The White House, but at former president Lyndon B. Johnson’s 3,980 square-foot estate situated on 142 acres of land in the Texas Hill Country.The original ranch. (Photo: Dave Murray/DMTX Realty)Johnson bought the estate one week into his presidency in 1963 and used the home as his private retreat until 1
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