Exterior replacement projects continue to offer homeowners the biggest bang for their buck
First-time buyers accounted for 26 percent of home purchases in January. This is down from 27 percent in December and 30 percent a year ago, making it the lowest level for first-time buyers since October 2008.
While first-time buyers are struggling to enter the market, there has been significant activity within the upper end, specifically with million-dollar properties.
In January, only 2.2 percent of existing-home sales were for properties priced $1 million and up; however, sales in the $1 million+ price tier increased 37.5 percent over a year ago. While sales in the lower home-price tiers are falling, sales in the upper end are rising, and quite swiftly at the highest end.
A home’s environmental efficiency has increasingly factored into consumer’s home buying decisions due to rising energy costs
New mortgage lending standards were put into place this month by the Consumer Financial Protection Bureau to protect borrowers from the risky home loan products that contributed to the foreclosure crisis of the last decade.
The rent vs. buy decision often is a lifestyle choice and a matter of timing.