Entries by jhreinvest

Mortgage Rates Near All-Time Lows

Daily Real Estate News | Friday, July 08, 2016 Mortgage rates hit a new 2016 low this week, and they’re also nearing the lowest averages ever recorded. Freddie Mac reports the 30-year mortgage rate is close to the November 2012 record low of 3.31 percent. “Continuing fallout from the Brexit vote drove Treasury yields lower […]

Buyers Gaining Upper Hand in Luxury Market

Daily Real Estate News | Thursday, June 16, 2016 The number of luxury homes for sale is growing, and that is unlocking some deals for potential buyers, The Wall Street Journal reports. Indeed, inventory of homes priced between $500,000 to $750,000 increased nearly 16 percent in March compared to a year ago, according to data […]

Where Properties Are Selling the Fastest

Daily Real Estate News | Wednesday, June 08, 2016   Properties are selling faster. Nationwide, properties were on the market for an average of 39 days in April. Short sales were on the market for the longest amount of time, at 120 days. Foreclosed properties stayed on the market for just 51 days, while nondistressed […]

Who Pays the Highest Property Taxes?

Daily Real Estate News | Thursday, April 28, 2016 The average median property tax rate across the nation is 1.31 percent. That means a home owner with a home valued at $200,000, on average, pays an annual amount of $2,620 in property taxes, according to an analysis by CoreLogic’s data team. Illinois has the highest […]

Investors Upbeat, Yet Cautious About 2016

Daily Real Estate News | Monday, March 07, 2016 Investors are bullish for real estate, but they still have some hesitations, a new study says. Ninety-one percent of recently surveyed senior commercial real estate executives say they expect real estate fundamentals to be about the same or better this year, according to KPMG’s 2016 Real […]

A 10-Year Housing Surge on the Horizon?

Daily Real Estate News | Wednesday, August 26, 2015 The housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board, according to a new study released by the Mortgage Bankers Association. That means an average of 1.6 […]

Property Taxes Are Highest in the U.S.

Daily Real Estate News | Tuesday, July 28, 2015 In an international comparison of property taxes, the United States has the highest amount in taxes collected on properties. Read more: Foreign Buyers Spend More on US Real Estate The average share of total government tax collections due to real estate property taxes (recurrent taxes on […]

47% of Homes Are Selling in Less Than a Month

Daily Real Estate News | Tuesday, July 28, 2015 In some cities across the country, homes are selling faster than ever. Nationally, properties typically stayed on the market for 34 days in June, the shortest number of days since the National Association of REALTORS® began tracking in May 2011. Short sales spent the most time […]

Realtor.com®: ‘This Is No Housing Bubble’

Daily Real Estate News | Wednesday, April 29, 2015 Home prices are rising at a more rapid pace than they were just a few months ago, as demand outpaces supply. Existing-home sales surged 9 percent year-over-year in March and home prices were up 8 percent over last year, according to the National Association of REALTORS®. […]

The Top 10 Features for New Homes

Daily Real Estate News | Monday, April 06, 2015 The outdoor kitchen and two-story foyers are starting to lose favor among new home shoppers, while energy efficiency and bigger closets are gaining in popularity, according to a new survey from the National Association of Home Builders. NAHB asked builders to rank home features from 1 […]