New Home Construction Breaks Out AGAIN

The October U.S. Census Bureau reported that new home construction significantly improved as multifamily units climbed back from a decline during September as well as single-family starts. The growth is attributed to new buyer demand and the entrance of Millennials...

13 Million Homeowners Are Equity Rich

The Q3 2016 U.S. Home Equity and Underwater report from ATTOM Data Solutions reported that more homeowners have become equity rich because they’re staying in their homes longer. Equity rich is defined as when a homeowner has a loan-to-value ratio of at least 50%....

75 Million Homebuyers Poised To Enter Market

According to East Brunswick appraiser Jeffrey Otteau, there is a buying tsunami about to hit the shores of the U.S. housing market, all 75 million of them. This represents primarily the Millennial generation — the most populous in U.S. history. Their delayed entry...

October Existing Home Sales Up

October existing home sales, according to the new report from the National Association of Realtors, increased 2% to a seasonally adjusted annual rate of 5.6 million which is up from 5.49 million, in September. October’s sales are up 5.9% from 2015’s 5.29 million...