Residential

You Have Homeowners Insurance. Is It Enough to Rebuild Your House?

Insurance, Residential / By

Published by REALTOR.com | October 3, 2024 Are you confident that if your home sustained damage from a fire or hurricane that your homeowners insurance policy would provide sufficient funds to rebuild? The devastating property damage from Hurricane Helene is casting a spotlight on that question, and the answer isn’t always what homeowners expect. “Many …

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Boomers Own 38% of America’s Homes—but More Than Half Never Plan To Sell

Housing Market, Residential / By

Published by REALTOR.com | September 19, 2024 More than three-quarters of boomer homeowners say owning a home is the primary reason they’re financially secure. Homebuyers hoping for a flood of homes to hit the market from aging baby boomers might be disappointed by the results of a new survey. Among boomers who own homes, 54% …

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How Fed Rate Cuts Could Impact New Construction

Interest Rates, Residential / By

Published by REALTOR.com | September 18, 2024 Certain regions of the U.S. are hot spots for new construction, particularly the South and West. During the COVID-19 pandemic, rock-bottom interest rates sparked a homebuying frenzy as the national housing supply struggled to keep pace. The result? Soaring prices for existing homes coupled with record-low housing stock …

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California Considering $150K Loans to Help Illegal Immigrants Purchase Homes

Politics, Residential / By

Published by FOX Business | August 26, 2024 Lawmakers in California could soon make the Golden State the first in the country to make undocumented immigrants eligible for up to $150,000 in state-supported home loans. The Democratic supermajority in the California state legislature is likely to pass a measure that would make undocumented immigrants eligible …

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Kamala Harris Wants 3 Million New Houses Built — Is It Feasible?

Politics, Residential / By

Published by FOX Business | August 20, 2024 Experts weigh in on the Democratic nominee’s ambitious plan for the U.S. building millions more homes over four years. Vice President Kamala Harris is vowing to address the U.S. housing shortage with a plan she says will result in the construction of three million new housing units …

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Harris Proposes $25,000 Down Payment Assistance For First-Time Homebuyers

Politics, Residential / By

Published by FOX Business | August 16, 2024 Some experts say the Democratic presidential nominee’s plan would only make the affordable housing crisis worse, while others say they like the idea on its surface Vice President Kamala Harris has rolled out a list of actions she would take to tackle the affordable housing crisis in …

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Midyear Real Estate Forecast Reveals Major Change for Homebuyers

Housing Market, Residential / By

Published by REALTOR | August 14, 2024 The next six months should bring some welcome relief to homebuyers and sellers in the form of lower mortgage rates, according to the Realtor.com® midyear housing forecast for 2024. So far, 2024 has been a tough year for the housing market with high mortgage rates, stubborn home prices, …

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Democratic VP Pick Tim Walz’s Record on Housing Issues

Politics, Residential / By

Published by REALTOR.com | August 6, 2024 Tim Walz could bolster Democratic ticket’s credentials on housing Democratic presidential nominee Kamala Harris on Tuesday announced her selection of Minnesota Gov. Tim Walz as her running mate for the November election. Walz has pushed a number of affordable housing initiatives during his two terms as Minnesota’s governor. …

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