Higher mortgage rates rein in buying power

With mortgage rates increasing at a slow but steady pace this year, several real estate organizations say buyers entering the market are likely to encounter diminished purchasing power.

How long does it take to save up for a down payment?

The typical homebuyer needs to have spent just over seven years saving up money for a 20 percent down payment on a home, according to a recent analysis from the real estate site Zillow.

TransUnion expects boost in home equity borrowing

As rising home prices have caused many residences to have a significant amount of wealth tied up in the property, the credit bureau TransUnion says it expects a major increase in home equity borrowing in the near future.

Slower growth in home remodeling expected

Spending on home remodeling and repair will continue to grow in 2019 but at a slowing pace, according to a recent report by the Joint Center for Housing Studies at Harvard University.

Report on buyers and sellers identifies first-time struggles, pet influence

First-time homebuyers continued to make up a dwindling share of the real estate market despite strong interest in purchasing a home, according to a recent report by the National Association of Realtors. The report also identified a number of other...

What you should really know about browsing for homes online

Oh, let's just admit it, shall we? Browsing for homes online is a window shopper's Shangri-La. Browser beware, though: Those listings may be seductive, but they might not be giving you the complete picture.

Growing share of tenants consider renting more affordable than buying a home

Renters are increasingly likely to believe their housing arrangement is more affordable than buying a home, according to a recent survey by Freddie Mac Multifamily. In addition, a growing share of older renters indicated that they have no interest...

Decline in existing home sales continues in September

Existing home sales continued a downward trend in September, according to the National Association of Realtors. The organization said ongoing affordability concerns—driven by rising home prices, higher mortgage rates, and insufficient...

Home value perceptions hold steady in September

Homeowners typically had a fairly accurate idea of how much their property was worth in September, according to the latest Home Price Perception Index from Quicken Loans.

Study: Buyers pay an average of $40K to buy, close, move

A recent analysis by RealEstate.com, a brand of the real estate site Zillow, finds that the typical homebuyer spends just over $40,000 in one-time costs when purchasing a property. This figure includes the down payment, closing costs, and moving...

Homeowners prefer renovating current home to buying new one

Homeowners looking for a change in living arrangements have two main options: moving to another home or renovating their current residence. According to a recent report by the real estate site Zillow, more than three-quarters of Americans prefer the...

Property Transactions November 2, 2018

Property Transactions November 2, 2018

Home purchase sentiment stays flat in September

Attitudes toward the housing market and economy remained relatively unchanged in September, according to Fannie Mae.

Freddie Mac survey finds low homeownership rate, discrimination fears in LGBT community

Members of the LGBT community have a lower homeownership share than the national rate, likely because of a greater tendency to relocate, according to a recent survey by Freddie Mac. The research also found that nearly half of the respondents said...

Sight unseen offers on the decline in recent poll

One in five homebuyers made an offer on a listing without seeing the property in person, according to the real estate brokerage Redfin. However, this was down sharply from the previous year, when more than one-third of buyers considered buying a...

Millennial sellers face challenges in selling

Millennials have bucked the stereotype of being indifferent toward homeownership by constituting the largest share of both homebuyers and sellers, according to the third annual Zillow Group Report on Consumer Housing Trends. However, millennial...

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Southeastern Connecticut's guide to homes and home ownership. Buying, selling, landscaping, renovating, organizing, and more! Published: Every Friday