Hispanics are fueling homeownership growth in the U.S. They represented 62.7 percent of the increase in the U.S. net homeownership rate from 2008 to 2018, 81 percent of the U.S. labor force growth, and 32 percent of U.S. household formations, according to the 2018 State of Hispanic Homeownership Report, released Tuesday.“Hispanic household growth continues to outpace that of the overall U.S. household growth and is anticipated to do so for the
More consumers are flipping homes again, but investors are acting differently than they did during the housing boom. Short-term investors are focusing more on adding value than speculating on prices, according to a new report from CoreLogic, a real estate data firm. CoreLogic defines a home flip as the purchase of a property with the intent to sell within a two-year period for profit.The U.S. flipping rate was 10.9 percent of all home sales in th
Businesses are reportedly receiving letters and faxes from an entity called “First National Bank” that is offering lines of credit and secured or long-term loans. But federal authorities are warning that First National Bank is “not a licensed or chartered bank.”The Office of the Comptroller of the Currency sent a notice to banks and other officials across the country Thursday warning that “First National Bank,” which cl
New-home construction is picking up in some markets. But what lures some buyers to new-home construction over a previously owned home?Older home buyers—between 54 to 72 years old—are the most likely to purchase a new home, according to the National Association of REALTORS®’ newly released 2019 Home Buyers and Sellers Generational Trends Report.Many buyers—38 percent—who purchased new homes say they were looking to avoid renovation
High rents don’t just hurt Americans’ pocketbooks—they could be affecting people’s health too. A new study shows that more than half of renters say they delayed health care because they couldn’t afford it. Medical professionals surveyed said they’ve dealt with patients who have expressed concerns and anxiety about affordable housing, according to the survey of 1,000 U.S. renters commissioned by Enterprise Community Partners
Downsizing is losing its appeal, and most home buyers are supersizing their home again to accommodate a growing number of people under one roof, according to the National Association of REALTORS®’ newly released 2019 Home Buyers and Sellers Generational Trends Report.Multigenerational homes are growing in demand. One in six Gen Xers purchased a home that could accommodate multiple generations, and most of them did so because of their
Seventy-nine percent of consumers say that a lawn is an important feature when renting or buying home. Many consumers are even ranking a nicely sized yard as the second most important home feature, only behind a renovated kitchen, according to a new survey released by the National Association of Landscape Professionals.Sizable lawns trumped other popular features like updated bathrooms, storage, and hardwood floors, according to the survey.Younge
Young adults have waited longer than past generations to jump into homeownership. As they wait, that may have upped their expectations over what their home will look like for when they finally do take the plunge into ownership. Forty-five percent of millennials surveyed say they expect their first home to be their “dream home,” according to a new survey of 2,000 millennials between the ages of 22 and 37, released by Northshore Fireplace.Mille
Beloved household animals can leave behind smells that could turn off potential buyers when a home is for sale. Homeowners—who may have become “nose blind” to the smells—may want to take a few steps to remove any lingering smells prior to their first showing. Here are a few tips from HouseLogic.com, a home improvement resource:Start scrubbing.Scrub the bare floors and walls where pets have left their mark with vinegar, wood floor cleaner,
Homeowners are spending more to spruce up their homes. They spent an average of $12,361 in discretionary funds on remodeling in 2017—the highest since 2006, according to the latest report by the Harvard University’s Joint Center for Housing Studies.But which household projects can actually better their chances of selling their home one day?“Any time a buyer can walk into a house and see it already has the features they want, that’s a
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