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Trump Organization's Scottish housing plan receives record number of objections

Real Estate CNBC - October 16, 2018 - 10:27am
The Trump Organization has received a record number of objections to its proposed new housing estate in Scotland.
Categories: Real Estate

NAHB sentiment index at 68 in October

Real Estate CNBC - October 16, 2018 - 10:00am
CNBC's Diana Olick reports the latest read on the housing market from the National Association of Home Builders (NAHB).
Categories: Real Estate

Homebuilder sentiment improves in October as lumber prices fall

Real Estate CNBC - October 16, 2018 - 10:00am
A monthly reading of homebuilder sentiment rose one point in October. Builders cite the drop in lumber prices as well as strong demand for housing as the driver of the gain. Builders continue to be faced with higher costs for land and labor. 
Categories: Real Estate

1 in 3 baby boomers say college debt still stands in the way of saving for retirement

Real Estate CNBC - October 16, 2018 - 8:30am
Across all generations, Americans are delaying saving for retirement and purchasing a home because of their student debt, according to a new report. 
Categories: Real Estate

Here is a map of the 142 Sears and Kmart stores set to close

Real Estate CNBC - October 15, 2018 - 1:37pm
Sears will continue to operate through the holidays, as it looks to find a buyer for the business. It will also continue to evaluate its remaining stores' performance.
Categories: Real Estate

Uncertainty on how the housing market will react to rates above 5 percent

Real Estate CNBC - October 15, 2018 - 12:40pm
CNBC's Diana Olick reports of uncertainty in the housing market as lenders react to rising rates.
Categories: Real Estate

America’s 5 Most Historic Cities ‘May Hold Value Better’

NAR Daily News Magazine - October 15, 2018 - 1:00am

Some home buyers may be drawn to the cachet of owning a property with a rich historical past, but there are more benefits than status.

Categories: Real Estate

Is Using Equity to Delay Social Security a Good Strategy?

NAR Daily News Magazine - October 15, 2018 - 1:00am

Some older homeowners are taking out reverse mortgages to fund their daily living expenses while shoring up more financial benefits from the government. But the ramifications of this are unclear.

Categories: Real Estate

High Debt-to-Income Ratios Prompt More Mortgage Denials

NAR Daily News Magazine - October 15, 2018 - 1:00am

Lenders turned away nearly one in 10 mortgage applicants in 2017, according to real estate data firm CoreLogic.

Categories: Real Estate

Zero-Down Loan Program Aims to Expand Mortgage Access

NAR Daily News Magazine - October 15, 2018 - 1:00am

A new effort is underway to remove barriers to financing and raise the low rate of homeownership among underserved groups of home buyers.

Categories: Real Estate

10 Hottest ZIP Codes in the Nation Right Now

NAR Daily News Magazine - October 15, 2018 - 1:00am

High-income millennials are a driving force behind many of the most active markets, according to realtor.com®.

Categories: Real Estate

Agents Turn to Spider-Man to Save Their Listings

NAR Daily News Magazine - October 15, 2018 - 1:00am

Real estate team dresses up as superhero, unicorns in an effort to attract potential buyers to homes lingering on the market.

Categories: Real Estate

Move? No Thanks, Homeowners Say

RisMedia Consumer News - October 14, 2018 - 1:02pm

Are you happy in your home, or are you looking to move?

If your answer to the first question is yes, you’re in the company of 83 percent of homeowners, according to Zillow’s annual report on Consumer Housing Trends. In fact, 63 percent have no intention of moving, either because they’re content with their current home, or deterred by the inconvenience it’d be to pack up and relocate.

Americans in general would rather renovate than sell, according to another related report by Zillow. More than three-quarters (76 percent) prefer to spend on upgrades, instead of a down payment on a new place—a catch-22, because when homeowners don’t list, inventory suffers.

“Even in a seller’s market, simultaneously buying and selling is an exercise in frustration,” says Skylar Olsen, director of Economic Research and Outreach at Zillow. “Add to that the emotional history between you and your home, and it’s no wonder low inventory has been in a self-fulfilling cycle. Homeowners may hesitate to sell because of limited options for them as buyers, but by holding on to their homes, they are themselves contributing to low inventory.”

Americans are discouraged, as well, by growing mortgage rates, which is affecting affordability—why choose a higher rate, when you can hang on to a lower one? According to Freddie Mac, mortgage rates are rising toward 5 percent.

There has been a more than three-year downtrend in housing inventory, Zillow data show.

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at [email protected]. For the latest real estate news and trends, bookmark RISMedia.com.

The post Move? No Thanks, Homeowners Say appeared first on RISMedia.

Categories: Real Estate

Cramer’s Exec Cut: Finding stability during market uncertainty

Real Estate CNBC - October 12, 2018 - 7:00pm
Jim Cramer discusses steady secular trends with Carnival Corporation, Canopy Growth and more.
Categories: Real Estate

Thousands line up for zero-down-payment, subprime mortgages

Real Estate CNBC - October 12, 2018 - 1:42pm
Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product. 
Categories: Real Estate

Renters’ Top Priority? Finding an Affordable Property

NAR Daily News Magazine - October 12, 2018 - 1:00am

Rent-seeking tenants’ top priorities include price and location—two factors that they say are also the least negotiable, according to a new survey.

Categories: Real Estate

HUD Awards $47M in Housing Counseling Grants

NAR Daily News Magazine - October 12, 2018 - 1:00am

The department has earmarked $47 million for housing counseling grants to help about 1 million households find housing or avoid foreclosure.

Categories: Real Estate

Google Plus Is Shutting Down: What You Should Do

NAR Daily News Magazine - October 12, 2018 - 1:00am

About 20 percent of real estate professionals say they use the platform in their business. Here’s what to do about Google’s announcement this week.

Categories: Real Estate

Mortgage Rates Jump to 7-Year High

NAR Daily News Magazine - October 12, 2018 - 1:00am

The 30-year fixed-rate mortgage rate inches closer to the 5 percent threshold.

Categories: Real Estate

Are Investors ‘Short-Sighted’ About Climate Risk?

NAR Daily News Magazine - October 12, 2018 - 1:00am

Consumers are flocking to some of the most disaster-prone areas of the country, and investors are following the demand. Is that a wise investment strategy?

Categories: Real Estate