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Are Fewer Young Americans Buying Homes?

A newly released study from researchers at the University of Southern California looks at homeownership rates among young adults between the ages of 25 and 44. The study's results show, among that age group, there's been a 10 percent drop in the homeownership rate over the past 10 years. But does that necessarily mean young Americans are no longer interested in owning their own home? Well, no. The researchers point to a number of factors that have contributed to the decline in homeownership among people of typical prime home-buying age. Among them, the foreclosure crisis looms large. B...

June 21st, 2017 | Housing Outlook, housing market, New Home Buyer, Are Fewer Young Americans Buying Homes?

Lawn Care Tips That Might Help Sell Your Home

When considering home improvement projects that can add value to your home or even help it sell faster, don't forget to pay some attention to your lawn and landscaping. Good landscape design can help you get a better price when it's time to move but will also help beautify your neighborhood and please your neighbors in the meantime. If you aren't that handy in the garden, start with your lawn. A recent article from Freddie Mac lays out a number of tips to help you get started. Among them, it's good to first identify what type of grass you have. This will help you know what seed...

June 19th, 2017 | New Home Buyer, Selling Your Home, Home Tips, Lawn Care Tips That Might Help Sell Your Home

Tracking The Habits Of First-Time Home Buyers

First-time home buyers have always been an important demographic when tracking the housing market's health. Whether or not younger Americans were buying homes, where they were buying, and in what numbers has been used to gauge trends and patterns that affect, not only first-time buyers, but everyone active in the real-estate market. Because of that, a new report from Genworth Financial analyzing first-time home buyer records back to 1994 is an important look at the who, what, where, and how of Americans buying their first home. Some of the highlights include the fact that first-time buyers...

June 16th, 2017 | housing market, Housing Outlook, New Home Buyer, Mortgage Rates, Housing Shortage, Tracking The Habits Of First-Time Home Buyers

The Top Things That Cause Home Buyers Stress

Home buyers have a lot to consider. Buying a home is no small transaction and the potential for stress is high. So what is the top thing stressing out home buyers these days? Well, it probably comes as no surprise that it involves money. According to a recent survey, the number one fear prospective buyers have is that they'll lose their earnest money deposit – which is money buyers put down on the house once their offer is accepted. If the deal goes through, that money is used as part of the buyer's down payment. But, if the buyer backs out of the deal, they risk losing that depo...

June 15th, 2017 | housing market, New Home Buyer, The Top Things That Cause Home Buyers Stress

More Americans Say It's A Good Time To Sell

For most of the past several years, Americans considered the housing market more favorable to buyers than sellers. Even as home prices began to rise from their post-crash bottom, mortgage rates remained near all-time lows and offered buyers in most markets an affordable path to homeownership. However, according to the most recent results of Fannie Mae's monthly Home Purchase Sentiment Index, the share of surveyed Americans who say now is a good time to sell a house has surpassed the number that say it's a good time to buy for only the second time in the history of the index. Doug Dunca...

June 13th, 2017 | housing market, Housing Outlook, Housing Shortage, More Americans Say It's A Good Time To Sell

The Size Of American Homes Continues To Grow

It shouldn't come as any surprise that American homes are generally getting bigger and adding more rooms. After all, who wouldn't choose to have an extra bedroom or some additional storage space? Still, a look at the numbers, shows just how much our living spaces have changed over the years. For example, numbers from the U.S. Census Bureau's 2016 Characteristics of New Housing show that the number of homes under 1,400 square feet has fallen 9 percent just since 2000. At the same time, the percentage of homes over 4,000-square feet has doubled. Sure, the majority of homes still fall...

June 7th, 2017 | housing market, Housing Outlook, Housing Shortage, New Home Buyer, The Size Of American Homes Continues To Grow