Monthly archive for September 2016

National Association of Realtors names top markets where renters can afford to buy homes

house in shape of up arrow

With rent prices soaring across the nation, it’s no surprise more and more people are trying to make the shift from being a tenant to becoming a homeowner. But with so many high rent markets, it’s hard for some prospective buyers to save up enough cash for a substantial down payment. Fortunately, there are still some markets where the average renter can afford to buy a home. The National Association of Realtors recently identified these markets. 

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Are More Millennials Buying Homes?

Couple of Young Home Buyers

Is millennial homeownership on the rise? It would seem so, according to a recent Fannie Mae report. The report, which analyzed U.S. Census data of 20- to 33-year-olds from 2006 to 2014, showed that more older millennials have become homeowners since the 2008 housing downturn. To be clear, the report classified ‘older millennials’ as those who are age 30 to 33. Millennials age 28 and 29 are “almost back to the same level of homeownership that they had in 2006,” according to Realtor.com’s Clare Trapasso.

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Home Builder Stocks Rise Amid Higher Market Confidence

new homes

If you want an indication of how the housing market’s doing, one way to gauge its overall health is to look at new construction. Home builder activity can provide valuable clues to the state of our housing market, particularly in areas where existing homes for sale are few and far between. According to a recent report from CNBC, home builder stocks gained in mid-August as more developers showed confidence in the market for new homes.

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