Homes
Why Demand for Vacation Homes is Dropping
Rising mortgage rates and home prices are hitting the second-home market much harder than the primary-home market. www.nar.realtor – Vacation, Resort, and Second Homes
Fewer New Homes Are Actually Complete When Sold
The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That […]
Fur-ever Homes: Pets Are a Motivator to Purchase
Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet. www.nar.realtor – Research
Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales
NAR Chief Economist Lawrence Yun shares his thoughts on what’s happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data. www.nar.realtor – Vacation, Resort, and Second Homes
NAR Report Finds LGBTQ Buyers Purchasing Older, Smaller Homes Than Other Americans
LGBTQ Buyers Purchasing Older, Smaller Homes Homes bought by LGBTQ buyers were 170 square feet smaller and 15 years older, typically, than those purchased by non-LGBTQ buyers. Media Contact: Spencer High 202-383-1051 Working With Buyers, Working With Sellers
2020 Holiday Homes
While the holiday spirit may warm hearts, the cooler temperatures create colder homes. Because of this, homebuyers must consider a variety of different environmental factors when deciding which home to purchase, in hopes to minimize the cost of comfort. www.nar.realtor – Research
NAR Applauds Congress for Providing Relief to Veterans who Lost Homes to Natural Disasters
Congress Helps Veterans who Lost Homes to Disasters NAR commends Congress for approving H.R. 7105, eliminating fees charged to veterans whose homes have been destroyed by a natural disaster. Media Contact: Wesley Shaw 202-383-1193 Veterans Affairs
Fewer Homes Being Flipped, But Profits Are Up
One out of every 15 home sales in the second quarter of the year were defined as “flips” by ATTOM Data Solutions. A flip is any arms-length transaction that occurred in the quarter where a previous arms-length transaction on the same property had occurred within the last 12 months. ATTOM’s second quarter report on flipping […]
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes