News

Report: Mortgage Lending Drops to 13-Year Low

The Federal Reserve Bank of New York revealed in a new report on Tuesday that mortgage lending is at its lowest level in 13 years. At the current rate, 2014 is set to go on record as the weakest year

2015 and 2016 Expected to Boast a ‘Landlord’s Market’

With the vacancy rate of rental properties expected to remain around 4 percent over the next two years, 2015 and 2016 are predicted to hold steadily onto the title of “landlord’s market.” Whereas the current vacancy rate is at 4

Million-Dollar Home Sales on the Rise

According to a new report by CNBC, the number of homes priced at $1 million or more soared in October. The number of sales was up more than 16 percent from 2013, while homes priced at $5 million or more

Existing Home Sales See First Annual Gain of 2014

For the first time in 2014, the number of existing home sales in October exceeded those from the same period a year ago. Existing home sales were up 1.5 percent from October 2013, with overall home sales up 2.5 percent.

Median New-Home Size on the Decline

The median size of newly built homes is currently on the decline, leading many housing experts to believe that the market is opening up to entry-level buyers. “It doesn’t reflect changes in preferences, necessarily,” Robert Dietz, an economist with the

Experts Recommend to Always Consider Schools When Buying a Home – Even if You Don’t Have Kids

According to a new report by the Washington Post, it’s important to research school districts in your area when buying a home, regardless of whether you have children. On average, homes in areas with good quality school districts cost approximately

FHA Is Back in the Black

The Federal Housing Administration revealed on Monday that it is back in the black. “FHA has taken several prudent actions to improve the fiscal health of the fund, and those actions have led to the stronger position that we’re in

Phil Maloof Adds Extra Incentive to Penthouse Listing: A Lamborghini

Financial tycoon Phil Maloof listed his Las Vegas Palms Casino Resort penthouse for sale five months ago, but the $38 million abode hasn’t received much attention from potential buyers. So now, Maloof has added an additional perk to the listing:

Roommates Are Latest Trend in Housing

As rental vacancies decline and prices continue to rise, many adults have chosen to start living with a roommate. According to the most recent Census Bureau Data from 2012, a total of 32 percent of adults nationwide were living with

Cleveland’s Housing Market Getting a Boost from LeBron, DNC

The housing market in Cleveland is expected to get a boost from the return of basketball superstar LeBron James to the Cleveland Cavaliers, as well as from its selection to host the Democratic National Convention in 2016. The city’s surrounding

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