“The deterioration in consumer attitudes about the current home-buying environment reflects a shift away from record home-purchase affordability without enough momentum in consumer personal financial sentiment to compensate for it,” says Fannie Mae’s chief economist.
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Many households, particularly among younger professionals, are choosing to rent longer, despite surging rental costs. What is driving the sluggish transition from renting to home ownership?
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Lawmakers in states such as New York, where the foreclosure process can take up to 800 days to complete, are attempting to do something about the backlog to keep neighborhoods from deteriorating.
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Home owners are building net worth at a pace that is up to quadruple that of a renter.
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These are the metro markets that are expected to see the largest surge in residents aged 55 and over within the next five years.
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Real estate agents need to be proactive when it comes to their social media presence, creating template themes that enable them to plug holes in their content and ensure they are posting on a regular basis.
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