Housing analysts warn that President Donald Trump's proposal to impose a 5% tariff on Mexican imports could have a trickle-down effect on the U.S. real estate market, pushing up prices for homes and many household goods. Newly constructed single-family and multifamily units may become more expensive because the tariff would hike the price of homebuilding materials, CNBC reports.Eleven percent of steel imports to the U.S. come from Mexico, accordi
The busy time of year is here and we're working to help make business more productive with the system upgrades. We're still on pace to have the upgrades available this year and this month we brought on 4 new members including Michael Chung dealing the Sacramento area, David Mchone dealing Orange County, Eileen Zhang dealing the Bay area, and Gary Wentz dealing Los Angeles.With busy times, it pays to have listings more so... With listings, you wil
The Asian American and Pacific Islander demographic could be poised to become the nation’s largest minority group over the next few decades, according to the 2018-2019 State of Asia America report produced by the Asian Real Estate Association of America, in conjunction with RE/MAX and Freddie Mac. The population’s close family ties, high education, entrepreneurial spirit, and higher household incomes are expected to have a big impac
Home prices are slowing compared to a year ago. That’s prompting the share of properties considered “equity rich” to decrease and the share of “seriously underwater” properties to grow to 9.1% of all U.S., homes, according to a newly released report reflecting first-quarter data from ATTOM Data Solutions.At the end of the first quarter, more than 5.2 million U.S. properties were seriously underwater, meaning the combined balance of
Pending home sales were back on track last month, reversing course after last month’s drop. Three of the four major regions saw an uptick in contract signs in March, the National Association of REALTORS® reported Tuesday.NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.8 percent last month over February, and contract signings reached a reading of 105.8. Still, contract signings are down 1.2
Newbie home buyers are more likely to shop around for a better mortgage loan term than repeat buyers, a new study from LendingTree shows. Studies have shown that shopping around for a mortgage can be a smart move, too: Home buyers could see a median lifetime savings of $40,959 in interest on a $300,000 loan by comparison shopping.LendingTree researchers recently compared first-time buyers with repeat mortgage borrowers to see who is the more
More young adults are living with their parents, particularly in the South and Northeast regions of the United States. MagnifyMoney, a brand within LendingTree, analyzed the 50 largest metros in the U.S. to pinpoint the largest portion of adults aged 25 to 40 who are still living with their parents.“Moving out of your parents’ home has long been considered the ultimate rite of passage into full-fledged adulthood,” MagnifyMoney notes in its
Tighter underwriting that the Federal Housing Administration announced March 14 for higher-risk loans doesn’t mean applications for those loans won’t get approved, just that they’ll be subject to more intensive manual review, and that’s an understandable move for the agency, NAR says.“We recognize it’s something the agency has to do to protect its insurance fund,” says Megan Booth, director of housing policy for NAR.About
The growing complaints over the condition of privatized housing among U.S. military members have prompted lawmakers to respond. The U.S. House and Senate have introduced bipartisan legislation to add greater safeguards for those in the military who face inadequate housing conditions.More than half of 16,000 military respondents recently surveyed by the Military Family Advisory Network say they’ve had a negative experience with privatized h
What is the key to happiness? It may be living in a city known for having happier residents.WalletHub, a personal finance website, analyzed more than 180 of the largest U.S. cities to find the happiest cities of all. They examined 31 key indicators they culled from positive psychology to rate happiness, including the depression rate, income growth, average leisure time per day, life expectancy, job satisfaction, unemployment, commute time, d
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