Posts Tagged home buying

Nearly 1 in 4 home buyers paid above listing price in 2017

home sold sign

With tight housing inventory and low mortgage rates highlighting the end of 2017’s real estate market, buyers made more aggressive bids to secure the homes they wanted. According to recent data from Zillow, 24 percent of home buyers paid more than the asking price last year–the biggest share since the real estate website began compiling the data in 2012.

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Millennials going deeper into debt to buy homes, realtor.com study finds

family outside of home

  Older millennials have a strong presence in today’s real estate market; they’re buying homes, they’re getting mortgages. But unlike their Generation X and Baby Boomer predecessors, millennials are taking on significantly more debt to do so. According to a new analysis of mortgage origination data from Optimal Blue by realtor.com, millennials, many of whom are already burdened by student loan debt, are buying homes and starting families in an economy where home price increases have generally outpaced wage increases. This, combined with the fact that there are fewer starter homes on the market, led many millennials to purchase higher

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Buying a home this winter? Here are three things to keep in mind.

house in winter

Winter is typically the slow season when it comes to real estate. But buying a home during this time can have its benefits. If you’re thinking of making a home purchase between now and next spring, here are a few things to keep in mind. Home prices may be lower. There may be fewer homes on the market during the winter season, but the homes that are on the market might be available at a lower price point than they would if they were being listed during the prime spring and summer months. Buyer traffic slows down during this time,

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