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Zillow Debuts Tool to Assess Buyer Affordability Levels

Zillow Debuts Tool to Assess Buyer Affordability Levels

by Phil Hall | May 13, 2024 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Home Loans is rolling out BuyAbility, a tool designed to addresses what homebuyers can afford. According to the company, BuyAbility can provide buyers with a personalized, real-time estimate of the home price and monthly payment that fits within their budget,...
California Records Mild Improvement in Housing Affordability

California Records Mild Improvement in Housing Affordability

by Phil Hall | May 10, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the California Association of Realtors (CAR) found that 17% of the state’s homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year. This up from 15% in the fourth quarter of 2023....
Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation

Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation

by Phil Hall | May 6, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of U.S. homebuyers have stopped looking for residential property due to elevated interest rates, according to a new survey published by Discover Home Loans, a division of Discover Financial Services (NYSE: DFS) In a nationwide survey of 1,500 adults, 84%...
The Best Month and Day to Sell a Home Is…

The Best Month and Day to Sell a Home Is…

by Phil Hall | May 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis by ATTOM of home sales over the past 13 years has concluded that sellers can snag the highest premiums if they put their properties on the market in May, February and April. ATTOM number-crunched 59 million single-family home and condo sales from...
New Data, Old Story: Home Prices Keep Going Up

New Data, Old Story: Home Prices Keep Going Up

by Phil Hall | May 2, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have reaffirmed the continued acceleration of home prices. The national required household income to purchase the median priced home rose to $116,000 in April, after accounting for the cost of tax and insurance, according to new data from...
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