Low mortgage rates entice rookie buyers, and more robust housing starts should boost sales in the near future, according to NAR.
“Our veterans shouldn’t be priced out of these housing options because they’re excluded from the VA’s loan program,” one lawmaker says.
Faced with rising home prices and student loan debt, some cash-strapped millennials are teaming up with friends to purchase a home.
Technology investor Avi Dorfman says he helped create the strategy to get the multibillion-dollar brokerage off the ground but was later shut out of the firm.
Still, the low mortgage rate environment continues to spur homebuying activity.
The recent upswing could "change on a dime if the broader housing market flattens out or sags," according to ATTOM Data Solutions.
More than 40% of Americans are looking for a home where they and their relatives can live together comfortably, research shows.
While low mortgage rates are improving buyers' purchasing power, the cheaper borrowing costs are drawing more house hunting competition.
A new report notes that the migration of new markets within the high-end sector are being driven by several factors.
The housing industry is upbeat about the spring market now that more construction is on the way.