Category: Housing
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Home Affordability across the Nation
According to the National Association of Realtors (NAR) 2015 Profile of Home Buyers and Sellers the average homebuyer is 44 years old and has a median household income of $86,100; the survey also revealed that debt, increased rents and difficulty obtaining mortgages are prominent factors burdening potential homebuyers. HSH.com recently compiled a list of the…
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Loan Disparity in Baltimore
The National Community Reinvestment Coalition (NCRC) recently released a report, Home Mortgage and Small Lending in Baltimore and Surrounding Areas, which reveals troubling truths for lending practices in the city. The study’s executive summary articulates, “[This report] details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the…
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Homebuilder Outlook Goes Down
Today, the National Association of Homebuilders (NAHB) released their monthly housing market index (HMI) with a figure of 62. November’s number represents a three-point drop from the HMI a month ago, and reveals that confidence in homebuilding has gone down.
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Can You Afford to Buy a Home in California?
The California Association of Realtors® (CAR) released its 3rd Quarter Housing Affordability Report last week and the numbers show that there has been an increase in the interest rates and a dip in the number of people who can afford to buy homes. This housing affordability index is one of the most reliable sources on…
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Beware of Online Real Estate Scams
Craigslist is a popular online portal that allows sellers and private parties to advertise everything from automobiles, homes, furniture and jobs. The advantage of such a big advertising database is that it helps you find listings in your area, but there is a major downside too: scams. Over the past few years, there have been…
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The Thriving Real Estate Market in California
The thriving real estate market in California takes up more than 50 percent of the spots on the October 2015 list of 20 Hottest U.S. Real Estate Markets from Realtor.com®. With cities like San Francisco, Santa Rosa, San Jose, San Diego and Los Angeles on the list, this may be the right time to buy…
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2015 Homebuyers and Sellers
Recently, the National Association of Realtors (NAR) released their 2015 Profile of Home Buyers and Sellers assessing the characteristics of homebuyers and their home purchases in the past year. For the report, NAR sent a 127-question survey to 72,206 homebuyers in July 2014; these homebuyers had to have bought their home between July 2013 and…
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Campaign Raises Rent Awareness
Across the country, rents are on a continual upward trajectory while wages have remained stagnant. Americans have risen to meet the challenge of increasing rent in several ways. Living with roommates is the most popular arrangement for people trying to lessen the impact of housing costs on their paychecks. According to Make Room data, among…
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A Light at the End of the Tunnel for Nonbank Mortgage Lenders
According to the October Insight & Outlook report released by Freddie Mac earlier this week, 2014 was one of the best years for nonbank mortgage lenders. Freddie Mac affirms that it has reached an all-time high in 20 years, meaning that there is a lot of hope for small nonbank mortgage lenders in the housing…
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Haunted Real Estate
It’s almost Halloween and NAWRB hopes you’ve been enjoying your October with scary movies, candy and pumpkin spice everything. In the spirit of All Hallows’ Eve we thought we’d start this spooky week by compiling a list of haunted real estate from around the country. You might live closer to a haunted house than you…