housing affordability

Married With Roommates

Today’s News Synopsis: Roommates and married couples living together have doubled since 1995.  According to Zillow, the homes a lot more people are wanting are those in luxury neighborhoods.  Home prices in metropolitan areas increased by 4% in the fourth quarter of 2018. In The News: National Association of Realtors – “Metro Home Prices Jump 4 …

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It’s That Time Of The Year, Holidays And What Next Year Will Bring

Today’s News Synopsis: Realtor.com’s 4 key trends to watch in 2019.  The Commerce Department reported new home sales decreased to their lowest in three years, now standing at 544,000.  Foreclosure activity as a whole was down 4% year-over-year, although it was up in 38% of the local markets. In The News: MarketWatch – “New-home sales fall …

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Paul Herrera

The Purpose of the PACE Program With Paul Herrera #593

Aaron and Bruce Norris are joined again this week by Paul Herrera. Paul is the Government Affairs Director for the Inland Valley Association of Realtors. Paul serves as an advocate for realtors on local issues, helping to preserve and protect property rights and the value of homeownership. His unique experience includes an award-winning journalism career …

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“When I Was Young and Looking To Buy A House…”

Today’s News Synopsis: Why is Avocado Toast synonymous with Millennials?  The NAHB reported an increase in builder confidence for the month of May, which now stands at 70.  The group paying a lot more in mortage costs, over $20,000, are homebuyers with low credit scores. In The News: PR Newswire – “Strong wage growth and steady …

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“Sellers Need a Trusted Adviser (Realtors) They Can Lean On”-Zillow

Today’s News Synopsis: Instant Offers:  Zillow tells you what it is, isn’t, what they learned and where it’s going.  Housing affordability is lower with increased home prices and tight inventory, standing at 29% compared to 32% in the first quarter.  Mortgage rates also decreased again with 30-year rates at 3.9% and 15-year rates at 3.18%. …

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to 1.246 million units.  Housing affordability …

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