Why does Millennials want the suburbs?

14 Mar

Herold

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After all Millennials want the suburbs At 24 years old, Bre Hataishi wants a house. For now, the preschool teacher rents a one-bedroom apartment in San Diego’s South Park neighborhood with her boyfriend, but only because their income is far too low for them to buy a home. When the time comes, they have little... Read more »

Is FHA loans easier to get but more in default

14 Mar

Herold

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FHA loans easier to get – but more in default Riskier borrowers are making up a growing share of new mortgages, pushing up delinquencies modestly and raising concerns about an eventual spike in defaults that could slow or derail the housing recovery. The trend is centered around home loans guaranteed by the Federal Housing Administration... Read more »

How can Buyers racing to snag a low mortgage rate?

10 Mar

Herold

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Buyers racing to snag a low mortgage rate Borrowers are getting spooked by rising mortgage rates and, as a result, rushing to lock in rates before any further increases. That, in turn, is pushing mortgage application volume higher – increasing a seasonally adjusted 3.3 percent week over week, the Mortgage Bankers Association reported Wednesday. More... Read more »

Did you know that mortgage rate rises to yearly high

10 Mar

Herold

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30-year mortgage rate rises to yearly high: 4.21% Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the Federal Reserve next week, propelled by signs of strength in the economy. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate... Read more »

Why are millennials less inclined to move in ?

09 Mar

Herold

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Millennials less inclined to move in Millennials don’t like to move compared to other generations. Just 20 percent of 25- to 35-year-olds in 2016 said they changed their address in the previous year, compared to 26 percent of Generation X members who said they moved the previous year in 2000. In 1990, 27 percent of... Read more »

How can smart homes be smart enough to spy on homeowners?

09 Mar

Herold

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Smart homes may be smart enough to spy on homeowners Are your smart televisions, smartphones and smart fridges vulnerable to eavesdroppers? The WikiLeaks revelations that the CIA purportedly has the capacity to break into our everyday consumer electronics raises that troubling question. “I am in general distrustful of leaks of this nature,” says attorney Chris... Read more »

Did you know that more owner occupied homes becoming rentals

09 Mar

Herold

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More owner-occupied homes becoming rentals What if the owners of today’s rental homes decide to sell? “Movement of housing stock back to owner-occupancy status … has the potential to undercut demand for new construction since most home building occurs in the owner-occupied sector,” Rosenthal says. “Underwater homes are notably more likely to transition into the... Read more »

What are the four financing routes for international buyers?

08 Mar

Herold

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4 financing routes for international buyers Have you been wondering if foreign buyers of U.S. real estate could be your local real estate market niche? Entrepreneur, investor and founder of RSN Property Group Reed Goossens found that to be the case after immigrating to the United States from Australia, by focusing on closing deals for... Read more »

A growing number of millennials and younger boomer buyers have children who still live at home

08 Mar

Herold

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A growing number of millennials and younger boomer buyers have children children who still live with mom Overall nationwide, an improving economy, multiple years of strong job growth and a notable increase in home values fueled a greater share of purchases from Generation X households over the past year, according to the National Association of... Read more »

Did you ever think how will housing change over the next decade?

08 Mar

Herold

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How will housing change over the next decade? Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than today, predicts Lawrence Yun, chief economist of the National Association of Realtors® (NAR), in his latest column at... Read more »