Older First-Time Home Buyers Have Lower Incomes, More Likely to Pay With Cash
About a third of first-timer buyers are 40 and older. Some may have been financially able to purchase a home but continued renting for lifestyle reasons, while others could have been waiting until they saved enough for a down payment.
‘Lazy’ Millennials Actually Work Harder at Buying, Selling Homes
They go on more tours, give more open houses, do more research on real estate professionals, and fix up their homes at higher rates than older generations.
10 Best Metros for First-Time Home Buyers
Becoming a homeowner for the first time is easier in some markets than others—and the difference is not strictly about home prices.
Sale Prices Surge in Neighborhoods With New Tax Break
Sale prices ticked up sharply in some of the nation’s lowest-income and highest-poverty communities near the end of last year—but mostly in the neighborhoods now eligible for newly created tax breaks.
January New Home Sales: A Kick in the Gut
Today’s data are a bit of a kick to the gut after the market seemed to have built some momentum last month, but it shouldn't come as too much of a surprise given the state of the country in January.
Rent Growth Climbs Again After Short-Lived Correction (February 2019 Market Report)
For a while last year, it looked like the U.S. rental market might be headed for a serious slowdown. Now that rent growth has picked up again, it appears we’re in for a more vanilla, slow-growth market.
Parliament Shrunkadelic: Mortgage Rates Skid on Rejected Brexit Deal
Brexit took center stage this week, and for a moment markets appeared hopeful that a compromise deal between Britain and the European Union could be met. However, Tuesday’s vote on a proposed agreement was rejected, and rates moved lower as a result.
Gov’t Should Work to Lessen Natural Disaster Losses Rather Than Insure Them, Experts Say
More than two-thirds of panelists (68 percent) said they agreed with the statement that “the government should not underwrite or subsidize property loss insurance – especially not in high-risk areas.” Separately, a large majority – 82 percent of those offering an opinion – said any IPO-related stimulus in the Bay Area will be modest and temporary and not enough to reverse the localized slowdown.
As Markets Cool, Buyers Gaining Power in Hot West Coast Metros
The cooling of the housing market that started last year, more of a normalizing than an actual correction, is actually the third time the market has slowed since it bottomed out in 2012. The latest dip is widespread, happening across 30 of the largest 35 metro areas -- led by San Jose, Calif.
