It turns out the hot housing market is a threat to one notorious housing market scourge: the zombie foreclosure. This occurs when a home has been vacated by homeowners prior to the foreclosure being completed, leaving it in limbo.These owner-abandoned properties comprised just 3.38 percent of all homes actively in the foreclosure process in the third quarter, a drop from 4.18 percent a year ago, according to ATTOM Data Solution’s 2018 Vacant
Already, more than 326,000 of the nation’s 1.3 million REALTORS® have cast their ballots in early voting, a 64 percent increase from 2014, when the last midterm elections were held, the National Association of REALTORS® said Tuesday. That compares to a 46 percent jump in early voting turnout among all eligible voters.“As the only advocacy group in America that fights exclusively for homeownership, real estate investment, and the free enterp
The midterm elections are pitting the “red” versus “blue,” but how do these political parties divide in regards to housing? Realtor.com® researchers analyzed housing and demographic data in the counties that President Donald Trump and Democratic candidate Hillary Clinton each won in 2016 to find out how they differ in their real estate, like average home prices, homeownership rates, and what it takes to buy a home.“Not only are people
The hunt for Amazon’s second headquarters location is likely going to result in a “pick two” situation. Amazon.com plans to split its second headquarters evenly between two locations, The Wall Street Journal reports.If Amazon does split its planned, massive second headquarters between two cities, that would split the workforce and the economic boom it’s promised between the two cities. Each city would then add about 25,000 employees, in
Approves future-focused initiatives, including remote notarization and a five-year strategic framework Remotely notarized transaction documents could be a reality in the not-too-distant future. The National Association of REALTORS®’ Board of Directors, at its Monday meeting, adopted a policy to support allowing parties to use remote notarization technologies. The association will work with other interested groups and federal agencies to make t
Companies are collecting thousands of data points about consumers. But how that information is then used to target ads has fair housing advocates concerned. Housing discrimination is playing out in the form of hidden online calculations that companies can use to exclude certain populations from viewing residential real estate ads online, said Lisa Rice, president, and CEO of the National Fair Housing Alliance, a civil rights agency that works to
Real estate professional Orlando Martinez, 54, was found on Wednesday slumped over his car’s steering wheel outside of a home in Philadelphia that he was believed to have been showing to prospective buyers. Martinez had a gunshot wound to his jaw.Police believe Martinez had been in the vehicle for a full day before he was found by officers. He was still alive when police found him but was pronounced dead a short time later after being rushed to
The average down payment for a home is decreasing, which could be good news for those looking to buy. Prospective buyers may need to save less money for a down payment, according to a new study by LendingTree.The average down payment amount for U.S. homes dropped in the third quarter by nearly 10 percent, falling from $52,480 to $47,265, the study shows. However, the overall average down payment percentages for conventional 30-year, fixed-rate
A larger number of Americans—notably fueled by millennials—entered homeownership during the summer months. The national homeownership rate rose to 64.4 percent in the third quarter—a half percentage point higher than a year ago, the U.S. Census Bureau reported this week.The increase was largely attributed to a rise in first-time buyers as more millennials entered homeownership. The ownership rate among those under the age of 35 climbed from
Home buyers may be so anxious to find a home that they aren’t even spooked if it’s rumored to be haunted. A new survey says one in three consumers say they’re willing to take a chance on a haunted home, but there needs to be something to sweeten the deal for them, according to realtor.com®’s annual Haunted Real Estate Report, based on responses from more than 1,000 Americans. However, 18 percent said a home that is haunted wouldn’t aff
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