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The Case for Wildfire Risk Ratings at Realtor.com® – Agbelo News 更多配资

As home prices climb, the number of homes considered equity rich is growing nationwide, but some areas are outpacing others. A home attains an equity rich status when a loan balance secured on a property is less than 50% of the home’s estimated market value.

Top 10 Places With Highest Share of ‘Equity Rich’ Homes – Agbelo News 更多配资

New-home buyers are facing higher prices, and a big reason is escalating building costs. Building material prices are up 19% over a year ago, according to a report from the Bureau of Labor Statistics. Material costs have jumped by about 36% just since the pandemic began. Many builders are passing on those higher costs to home buyers.

Building Materials Press Even Higher – Agbelo News 更多配资

Since the pandemic began, homeowners have been eager to spruce up their spaces. Even recently, homeowners are spending more on home improvement projects than they have—due partially to higher building material costs, but also to a desire to widen the scope of their projects.

The Most Popular Spaces to Remodel and Their Costs – Agbelo News 更多配资

College grads are getting ready to start their careers, but they’re finding soaring rental costs could quickly zap away most of their newly earned paychecks.

Rising Rental Costs Squeeze College Grads – Agbelo News 更多配资

Mortgage rates continue to push higher, but home buyers aren’t spooked. Mortgage applications for home purchases moved 5% higher last week compared to the previous week, and buyer competition remains elevated in many markets.

Buyers Resilient Against Rising Rates – Agbelo News 更多配资

Realogy Holdings Corp. is rebranding to Anywhere Real Estate Inc. The company owns real estate brands like Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, Sotheby’s International Realty, and Corcoran, as well as several title and relocation companies.

Realogy Rebrands: Why It Wants to Be ‘Anywhere’ – Agbelo News 更多配资

What’s better: a brand-new home or an older home? While buyers may have preferences, costs can be a factor. Some real estate experts say selling costs are up to 30% lower for older homes compared to newer ones. But others argue that older homes can require repairs that may skew the true costs.

Cities With the Most Older, Newer Homes – Agbelo News 更多配资

With home prices rising, home buyers are bringing higher down payments to make their offers more attractive to sellers. Buyers are offering about twice as much cash for down payments as they did two years ago, according to realtor.com® data.

Buyers Have Doubled Their Down Payments – Agbelo News 更多配资

Competition abounds in the real estate market, and buyers are continuing to bid up home prices this spring. Fifty-two percent of homes sold above the list price in April, up from 45% in March and from 42% a year earlier, according to OJO Labs, a real estate technology company.

52% of Homes Sold Above List Price in April – Agbelo News 更多配资