Mortgage rates inched higher last week, prompting more buyers and homeowners to retreat from taking out loans.Total mortgage application volume, which includes refinancing and home purchases, dropped 2.6 percent last week on a seasonally adjusted annual basis, the Mortgage Bankers Association reported Wednesday. The index is now 20 percent lower than a year ago.Refinancing saw the largest drop last week at 5 percent. Refinancing applications are
Despite tight housing inventories and rising home prices, the homeownership rate rose slightly in the third quarter and reaching the highest level since 2014, the U.S. Census Bureau reported Tuesday.The homeownership rate rose to 63.9 percent in the third quarter, up slightly from 63.5 percent a year ago, the Census Bureau reported.While the uptick isn’t considered statistically significantly, economists were still somewhat upbeat that the home
Despite tight housing inventories and rising home prices, the homeownership rate rose slightly in the third quarter and reaching the highest level since 2014, the U.S. Census Bureau reported Tuesday.The homeownership rate rose to 63.9 percent in the third quarter, up slightly from 63.5 percent a year ago, the Census Bureau reported.While the uptick isn’t considered statistically significantly, economists were still somewhat upbeat that the home
Effective leaders build relationships. Broker-owners and managers who develop bonds with their agents, staff, and consumers build trust and longevity while retaining great people.“The leader’s world is about creating a direction and context for action, and leaders need to develop special relationships that include high levels of trust and commitment.” says Sallie Sherman, co-author of Five Keys to Powerful Business Relationships and CEO
Single women are making up a bigger share of sales. Single females comprised 18 percent of sales this year, which matches the highest share since 2011, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers.Single women were the second most common household buyer type, behind married couples at 65 percent.Single women tend to purchase slightly pricier homes than single men, despite earning less, according
Homeowners continue to delay moving, as the typical seller in 2017 had stayed in his or her home for 10 years before selling—a tie for the record tenure set in 2014, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers. Homeowner tenure has steadily increased since 2009, when sellers typically lived in their home for a median of six years before selling.Economists speculate that low inventory and soari
Children in Oregon may get the most treats this Halloween. Households in the state spend the most per person on Halloween sweets, according to shopping app Ibotta, which looked at candy purchases across the U.S. the week before Halloween in 2015 and 2016. Oregonians spend a whopping $40.29 per person on candy.The app ranked the following as the top states that spend the most per person on candy: Oregon Washington New Jersey Utah California New Y
Lennar Corp. and CalAtlantic Group, two of the country’s largest residential builders are merging to form America’s largest home builder in a $9.3 billion deal. The merger will cover around 240,000 building plots or home sites in 21 states, and the combined company will have about $18 billion in market capitalization.Lennar and CalAtlantic operate in 31 of the same markets nationwide. CalAtlantic, however, will bring new markets such as Salt
From the artwork to the odor, your listing may be inadvertently giving buyers the creeps. Realtor.com® recently interviewed real estate professionals about the items that have scared off their buyers the most during showings. Here are the top five spooks. Doors with too many locks. If the doors have more than the standard two locks, your buyer may wonder if something happened on the premises to make the seller feel unsafe, says Glenn Phillips,
Why baking cookies just isn't going to cut itI love the smell of freshly cut grass.It evokes memories of spending pleasant summer evenings out on my deck with friends, watching my horses frolic in lush green pastures and the sun setting in a stunning watercolor painting of gorgeous color and light.To me, the fragrance of “eau de mow” is the equivalent of bottling up the feeling of great times with amazing people in my favorite place in the wo
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