Zombie Properties
According to a recent DSnews report there are 1.5 million zombie properties in America. That is roughly 1.6% vacant single family homes or condos. In 2018, the Census Bureau conducted a community survey and found that 17,019,726 homes were unoccupied. The data from this year's survey was compiled [...]
Public Transportation Impacts Housing Prices
A recent MReport article discussed a study done by the American Public Transportation Association. The study found that public transportation impacts housing prices. The report showed that homes within a mile of public transit have higher sale prices. The APTA came to this conclusion by studying several metros [...]
Where Mortgages Are Denied
Lending Tree recently released a report discussing where mortgages are denied the most often. There are several reasons why a person can be denied when applying for a mortgage. For instance, they can be rejected because their credit score is too low or their debt-to-income ratio. The report [...]
Construction Time of a Home
The Census Bureau wrote a report stating that the national average for construction time of a home was approximately 7.7 months. This includes a month for authorization and roughly 6.7 months for construction. The Census Bureau stated the purpose of the survey “is to provide current national and [...]
Debt Impacts People’s Housing Decisions
A recent Zillow Consumer Housing Trends report showed that debt impacts people's housing decisions. People are being affected by personal debt, whether it is medical, credit card, or student loan. Debt impacts Americans when deciding on a type of home, when to buy a home, ability to afford [...]
IS IT TIME TO BUY OR SELL?
Is it time to buy? This is the question the National Association of Realtors recently asked over two thousand American homeowners. First, they wanted to survey whether or not Americans believe that it is a good time to buy a home. Second, they sought to see if consumers [...]