Recent Real Estate News
Here's a breakdown of home prices in the 4 largest states
Home prices nationwide increased in February, albeit a slight 1.2% increase, with the four largest states staying within the same range. Here’s an extra break down of home prices in the four largest states.Urban Institute: Selling NPLs to investors is working
Researchers from the Urban Institute are already on the record with their view that more pools of non-performing loans need to be sold to private investors, but a new article posted on the Urban Institute's Urban Wire blog on Housing and Housing Finance suggests that more steps need to be taken to ensure a mutually beneficial result for all parties involved in a non-performing loan sale.Competition about to be the next top homebuyer concern?
Affordability, while the number one homebuyer concern, might soon be unseated by worrying about buyer competition. The rising concern isn’t too much of a surprise given this rough stat for potential homebuyers. On the positive side, the industry is stepping up to address affordability problems.Congrats! Move here after you graduate college
Yes! You graduated! But now what? Trulia teamed up with LinkedIn to find out the top metropolitan areas for young college graduates. In the report, Trulia compares median income to median rental estimates, and combines this with job availability ratings from LinkedIn and what percent of the population is also young college graduates. Here’s where they think you should live, and why.[Factsheets] It's officially impossible to rent at minimum wage in most of the country
These charts from the National Low Income Housing Coalition break down the information from each state to show how rising rent costs and affordability issues are affecting those that earn minimum wage. What's worse, there are no states where you can work less than 40 hours a week at minimum wage and still afford to rent even a one-bedroom unit.Pro Teck: Why CBSAs don't always give an accurate picture
While some communities may be very close to a full recovery, others continue to struggle with home prices much lower than their peak in 2006. According to Pro Teck, that causes major inaccuracies for CBSAs.RealtyTrac: Women lose out on homeowner profitability
Homes owned by single women tend to hold a lesser value and appreciate at a lower percentage than homes owned by single men. However, women tend to make less money than men, meaning they're likely to buy homes that appreciate less, thus causing a domino effect.FHFA: Home prices increase again, rise 1.3%
While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According to FHFA Supervisory Economist Andrew Leventis, there is at least one unique factor in this quarter.New York to provide $100 million in zero-interest loans to prevent foreclosures
Homeowners in the state of New York who are struggling to keep their homes from falling into foreclosure are about to get a lifeline – $100 million in zero-interest loans from the state of New York. It's all thanks to Goldman Sachs and its $5 billion toxic mortgage settlement.Northeast property tax highest in the nation
Surprisingly, the highest property taxes are not found in California, but rather, in the Northeast. New York actually wields the highest property tax average, which is significantly higher than even the second highest state, Connecticut.