Housing affordability is worsening due to higher mortgage rates, which is prompting a slowdown for what home sellers are able to get for their home. The U.S. median home price rose 4.8 percent in the third quarter, the slowest rate of annual appreciation since the second quarter of 2016, according to a new report released by ATTOM Data Solutions, a real estate data firm.“The continued slowdown in the rate of home price appreciation nationwide
More new homes are being built with patios, as homeowners show a greater craving for more outdoor space. About 58.6 percent of new single-family homes started in 2017 included a patio, according to an analysis by the National Association of Home Builders. That makes patios more common than decks (23.8 percent), but still shy of the popularity of porches (64.7 percent).The West South Central and Mountain regions of the U.S. tend to show the highes
Wells Fargo is back on top with the most mortgage originations in 2017, according to new rankings released by iEmergent, an advisory firm for the mortgage industry. iEmergent ranked mortgage originators based on loan volume for 2017 for single-family homes (the list does not factor in manufactured homes, multifamily, home improvement loans, or repurchases).The following eight mortgage lenders had the highest total volume of loans originated in 20
Realtor.com® invited one of the National Association of REALTORS®’ 2018 Good Neighbors to its offices in Santa Clara, Calif., for a wide-ranging interview about her volunteer efforts on behalf of children living in poverty and women with drug addictions living on the streets.The inspirational discussion between Ryan O’Hara, CEO of Move Inc., which operates realtor.com®, and REALTOR® Necia Freeman was broadcast live Friday to Move and NAR
What income is included in the calculation of the new 20 percent business income deduction? As an independent contractor or sole proprietor, you’re eligible for the deduction—part of the federal Tax Cuts and Jobs Act enacted last year—but do you know whether to take it before or after you account for marketing and other business costs?The IRS plans to release rules by December on how to apply the tax law changes to your situation. But that
Lower affordability and continued inventory crunches aren’t sidelining single women home buyers, who, for the second consecutive year, account for 18 percent of all buyers, according to the National Association of REALTORS®’ 2018 Profile of Home Buyers and Sellers. Single women are the second most common buyer type behind married couples (63 percent), according to NAR’s report. Single men are the third most common buyer type, accounting f
Issues related to drone usage, imagery copyright, and mold are putting homeowner associations at increased risk of litigation, according to national insurer USI Insurance Services.Some residents have sued their condo boards for using drones to snap photos of buildings that also capture interior views of their units through the windows. Community associations may use drones to collect information on the conditions of roofs and common grounds, but
Tom Ferry shares scripts and tips to ensure you succeed – even in a market slowdownFeel that chill in the air?It’s not just autumn taking hold.The market, too, is cooling.Now, I’m not predicting a catastrophic slowdown. But we know real estate is cyclical, and I want to help you stay ahead of the curve. That’s why I’m talking pricing in this Coaching Corner.I’ll show you how to get sellers to agree to the best price initially, and I
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Borrowers were faced with rising mortgage rates again this week, after a slight pause from increases the week before.“Despite volatility in the stock market, the 30-year fixed-rate mortgage inched forward just 1 basis point to 4.86 percent this week,” says Sam Khater, Freddie Mac’s chief economist. “We expect rates to continue to rise, which will put downward pressure on homebuying activity. While higher borrowing costs will keep some peo
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