Economists interviewed by Insider see home inflation cooling in 2022, as long as there's plenty of new construction and demand doesn't shoot up again.
Realtors shared their best tips for homebuyers hoping to nab their dream home when there are multiple offers on the table.
Five real estate agents based throughout the US discuss how prospective homebuyers can navigate a wild real estate market.
Planning for both expected and unexpected costs can make the transition to first-time homeownership smoother. In addition to the down payment, you might also need furniture, yard equipment, or cash for immediate repairs or renovations. Beyond the upfront costs, you’ll probably spend between 1% and 4% of your home’s value […]
Beatrice de Jong is a licensed real estate agent and consumer trends expert at Opendoor, a real estate company that makes it simple to buy and sell a home online. She bought her first home at 24, and is passionate about educating and empowering home buyers and sellers. When de […]
Bobbi Rebell is a certified financial planner, author, and podcast host. At 23, Rebell purchased her first apartment in New York City for $US90,000, she wrote in a blog post for Synchrony Bank. Prices fell shortly after and she feared she got a bad deal, until she remembered a piece […]
To buy a house, you should first team up with a trustworthy real estate agent and make sure your credit is in good shape. In most cases if you plan to get a mortgage, you need a loan pre-approval in hand before you can start looking at houses. Once you […]
High-earning millennials are flocking to smaller US cities to put down roots, according to a new Realtor.com report ranking the hottest ZIP codes in America. Buyers are attracted to these markets largely because of their affordable home prices and proximity to big cities. Midwestern cities dominate the list, including Grand […]
HSH’s latest data calculates how much yearly income it would take to buy a house in 50 metropolitan areas across the US. While markets like San Francisco and New York, New York dropped slightly in median home values during Q1 2019, Denver and Richmond, Virginia saw gains from Q3 2018. […]
Despite rock-bottom mortgage rates, existing home sales fell in April – the 14th straight month of year-over-year declines. But the decline was confined to one half of the market: Homes worth less than $US250,000. This may be explained in part by the uneven economic recovery, which has made home-buying a […]
How much you need to save for a down payment depends on the price of the house. The standard down payment is 20% of the purchase price, but many first-time buyers put down less money up front and take on a bigger mortgage. For down payments below 20%, the lender […]
Some rich millennials are buying vacation homes instead of primary homes because it’s too expensive to buy in the cities where they live. There are three main reasons why people consider buying a vacation home, according to financial expert Jean Chatzky: They frequent a certain area, they’re planning to retire, […]
Gen Zers, the group of Americans born between 1998 and 2016, are eager to become homeowners. A new realtor.com analysis estimates how much an 18-year-old today will need to save to buy a house by the time they’re 30, in the year 2031. Realtor.com calculated the monthly savings needed to […]
Housing affordability hit a 10-year low at the end of 2018, but there’s still hope for some buyers. Wage growth and new construction are keeping up with home-price increases in several cities across the United States, according to housing economists at Realtor.com. The best places to buy a home in […]
An old real-estate adage is one you should forget: “buy the worst house in the best neighbourhood.” Scott Durkin, the president of the real-estate brokerage Douglas Elliman, said in an interview with Mansion Global this month that it’s better to buy outside of the best neighbourhood because “it will eventually […]
Millennials are eschewing settling down in big cities and are turning to suburbs instead. Realtor.com recently complied a list of the hottest zip codes in 2019 – places where residents, especially millennials, are paid well and where the housing is affordable. Featured zip codes include smaller locales like Goffstown, New […]
Saving enough money for a down payment to buy a home isn’t easy these days. In fact, 39% of millennial homebuyers find it difficult to save for a down payment, according to Zillow Group’s Housing Trends Report. RealEstate.com found the places where first-time home buyers can save for a down […]