Browse Tag

homebuyers

Gen Z renters moving out and moving up

3 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got a better deal on their new rental. A Zillow survey finds more than a third (34%) of Gen Z renters who moved in the past year say they moved from the home of a family member or friend. That’s up from 20% who reported the…

Read More »

Gen Z renters moving out and moving up

3 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got…

More real estate sales coming to DC

3 mins read

The FINANCIAL — The presidential election is over. Major media on all sides of the political spectrum agree that Joe Biden and Kamala Harris have won. No doubt there will be skirmishes ahead, but like Yorktown and Appomattox it’s time to move on. “Whatever else they do, elections spur a lot of economic activity,” said…

Persistent buyer demand is making homes sell above list price

3 mins read

The FINANCIAL — In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That is great news for prospective sellers who want to maximize their return from…

Intense buyer demand continues to drive hot housing market

2 mins read

The FINANCIAL — Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow’s Weekly Market Report. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales…

Mortgage rates continue to fall historic low

1 min read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…

This week’s mortgage rates fell dramatically and reached a new record low

1 min read

The FINANCIAL — Mortgage rates sharply fell this week reaching a new record low. Following the trend of the 10-year Treasury yield, the 30-year fixed-rate mortgage dropped to average 2.81% this week from 2.87% the prior week. During the pandemic, many Gen Zers and Millennials move back to their parents from large metro areas. In…