National Real Estate News

Jan. 14, 2021

NAHB: More Construction in Second-Home Markets

In areas with a lot of vacation and second homes, single-family construction rose 13.6% in the third quarter; in areas without second homes, it only rose 10.5%.

CHICAGO – More people are considering a second-home purchase as the remote work trend expands, and builders responded to the rising ...

View More
Jan. 13, 2021

Report: Buying Better Than Renting in Most Florida Markets

In 2 out of 3 U.S. markets, it’s cheaper to buy a home than rent – but the percentage is higher in Florida, and the study cited Tampa as one of the top markets for buying.

Florida map with blue circles for cities where it's better to buy
ATTOM Data Solutions

NEW YORK – Homeownership is a better deal than renting ...

View More
Jan. 12, 2021

What Credit Score Do You Need to Buy a House?

With record-low interest rates, more buyers can afford a home – or a better home. But they have to qualify for a mortgage first, and their credit score could be a problem.

CHARLOTTE, N.C. – Interest rates to buy a home are at a historic low so this could ...

View More
Jan. 8, 2021

New Year, New Record-Low Mortgage Rate: 2.65%

The pandemic pushed mortgage rates lower in 2020 and kept doing so this first week of 2021. The 30-year, fixed-rate is down from last week’s 2.67% and last year’s 3.64%.

WASHINGTON (AP) – U.S. long-term mortgage rates declined this week to new record lows for the first ...

View More
Jan. 7, 2021

Future of Real Estate? Lots of Gen X, Millennial Buyers

About 12M new households will form by 2028, though total home sales could be as high as 25M since some will replace older sellers leaving homeownership for good.

NEW YORK – Between 2018 and 2028, the number of households is projected to increase by up to 12 million, and Generation ...

View More
Dec. 15, 2020

Profitable Real Estate Investments During the Pandemic? Where?

Lucrative real estate investments change with the times. Rentals, flipping, certain types of commercial properties, REITs and REIGs may be the way to go now.

NEW YORK – The real estate industry has seen its ups and downs during the pandemic. However, with historically low interest rates and the demand ...

View More
Dec. 14, 2020

NAR: Summit Economists Expect Good Things in 2021

More than 20 economic housing experts at NAR’s Real Estate Forecast Summit discussed a post-pandemic 2021 and, as a group, predicted the economy (GDP) will grow 3.5% (6.2% in 2022), home prices will climb 8% (5.5% in 2022) and mortgage rates will average 3% (3.25% in ...

View More
Dec. 10, 2020

Tight Inventory Boosts Manufactured Home Searches 50%

A dream of a “home of our own” has pushed more potential buyers frustrated by a low inventory of for-sale properties to consider manufactured housing.

NEW YORK – Is a mobile home boom brewing? Twenty-three U.S. states saw online searches for mobile homes increase 50% or more year to ...

View More
Nov. 24, 2020

Demand for Second Homes Up 100% Year-to-Year

The number of people who locked-in mortgage rates for second homes – in spite of a pandemic-caused economic dip – suggests a K-shaped recovery.

SEATTLE – Sales of vacation homes are soaring, even as millions of Americans grapple with financial devastation triggered by the coronavirus pandemic. In October, demand for ...

View More
Nov. 19, 2020

Home Construction Increased 4.9% in October

The increase follows a more modest 1.9% increase in Sept. Building permits – a sign of future activity – remained steady in Oct. but are still up 2.8% year-to-year.

CHARLOTTE, N.C. (AP) – Home construction rose 4.9% in October as home building remains as one of ...

View More