Rents for single-family homes jumped 2.9% year over year in March, according to the CoreLogic Single-Family Rental Index. The index measures rent changes among single-family rental homes, including condos.Rents for lower-priced homes are increasing at a faster clip than those of higher-priced homes. Low-end rentals are defined as properties with rents 75% or less than the region’s median rents.Rents on lower-priced homes rose 3.5% year over yea
Buyers’ may be having more positive perceptions about the state of available inventory, according to a new survey released by the National Association of Home Builders. Twenty-two percent of adults planning a home purchase said in the first quarter of the year that they expect their home search to get easier in the months ahead. That marks an improvement from the 16% with the same expectation a year earlier, the NAHB reports on its Eye on
Home prices are up nationally, but buyers are finding that values are starting to fall in a handful of areas. One in five metro areas are seeing decreases in home prices compared with half as many a year ago, according to realtor.com®.“In a lot of markets, buyers are hitting an affordability ceiling,” says Danielle Hale, realtor.com®’s chief economist. “Prices just can’t keep rising if buyers can’t keep up. They are dropping out, an
Home buyers and sellers can disagree over seemingly frivolous issues, which can sometimes jeopardize a sale. Realtor.com® recently interviewed real estate professionals to find out some of the most common petty issues that can pop up in a transaction.For example, missing cover plates is one that agents said they hear often. “One of the funniest—and most annoying—requests I get is for sellers to replace missing cover plates on light sw
About 885 million mortgage documents dating back to 2003 have been exposed by a data breach within First American Financial Corp., a title insurance provider, the KrebsOnSecurity news site reports.The breach exposed bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images online, the security site reported.“On May 24th, First American learned of a design defect
iProcurrently deals throughout the states of California, Texas,Florida, and New York. We continue to strive and broadenopportunities for real estate professionals and consumers. Visit iprore.com for the latestinformation and links.Click here for information onbecoming a salesperson.
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Mortgage rates continue to decline while lowering borrowing costs for home buyers this spring.“Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018,” says Sam Khater, Freddie Mac’s chief economist. “The drop in mortgage rates is causing purchase demand to rise, and the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to dec
iProcurrently deals throughout the states of California, Texas,Florida, and New York. We continue to strive and broadenopportunities for real estate professionals and consumers. Visit iprore.com for the latestinformation and links.Click here for information onbecoming a salesperson.
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