Realogy expected its transaction volume to increase between 6 percent and 9 percent in the first quarter of 2016 — and the company hit that target, reporting a 7 percent transaction volume increase for Q1 this morning.
Survey participants on average reported spending 8 hours — obtaining just four quotes from lenders — weighing home loan options, the same amount of time they would spend researching a vacation. In comparison, respondents spent 11 hours shopping for a car. Why are Americans perhaps less diligent when it comes to heftier home financing decisions? The complicated process could be one reason, a problem that TRID was designed to alleviate.
There have been a slew of reports that outline the struggles millennials face as they attempt to step into the world of homeownership. Some choose to become renters while others move back in with their parents in order to maintain a level of financial stability. But according to a new study by the National Association of Realtors (NAR), there is one demographic of millennials that are bucking the trend — active military members.
Home prices, including distressed sales, increased 2.1 percent month-over-month and 6.7 percent year-over-year, according to CoreLogic’s March U.S. Home Price Insights Report.
Oftentimes, studies focus on the financial strain homeowners experience while trying to maintain their households. But a new Gallup poll says renters across all income levels, who are often subject to major price increases, are almost twice as likely to worry about housing costs than homeowners.
Before his time at realtor.com, Singh led research and analytics efforts at the world’s top technology companies such as Intuit, Hitachi and IBM. In his new position, Singh will “focus on driving innovation to make it easier for homebuyers, sellers, and dreamers to find their perfect home” through data science and engineering.
The National Association of Realtors (NAR) released its March Pending Home Sales Index, a forward-looking indicator based on contract signings. March’s PHSI is part of a two-month upward trend and is the highest PHSI in almost a year. “Despite supply deficiencies in plenty of areas, contract activity was fairly strong in a majority of markets in March,” said NAR Chief Economist Lawrence Yun in a press release.
For those who are new in their environmental awareness, one of the first things they look to change is their home, whether it’s through home improvements, such as installing energy-efficient appliances and solar panels, or moving into a new, environmentally certified home. New research highlights the gap between what people believe to be environmentally conscious actions and their actual effect on the planet.