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Beyond the sentimental attachments that seniors have built for their homes, they also believe homeownership was the smartest financial decision they ever made, a new survey says. Nearly three in four seniors—74%—say that purchasing their home was their best financial decision, according to a new survey of more than 1,500 respondents ages 60 to 75 conducted by the American Advisors Group. Further,...

Existing-home sales rebounded in September as buyers may have felt a sense of pressure as mortgage rates started to inch up. Existing-home sales rose by 7% in September compared to August. All major regions of the country posted increases last month, the National Association of REALTORS® reported Thursday. “Some improvement in supply during prior months helped nudge up sales in September,” says...

The National Association of REALTORS® joined The Memorial Foundation this week to commemorate the 10th anniversary of the Martin Luther King, Jr. Memorial in Washington, D.C. Nearly 20 NAR representatives, including CEO Bob Goldberg and President Charlie Oppler, attended an anniversary dinner Wednesday, where the association was recognized among other memorial sponsors. NAR was one of the first...

High demand for home products continues to cause supply chain disruptions throughout industries related to real estate. Shortages of appliances, furniture, and building materials are most acute and not expected to ease any time soon. The problem largely began at the start of the COVID-19 pandemic. Lockdowns—during which time demand soared as many people started remodeling their homes—disrupted...

Dozens of raging wildfires in the West are threatening to send lumber prices soaring again. Lumber prices had been cooling in recent weeks, giving builders—and, ultimately, new-home buyers—hope for more affordability. Remodeling costs also were set to benefit. But the relief may be short-lived, as lumber producers are warning price hikes are on the horizon if the Western wildfires aren’t...

Competition for condos is growing fierce, as most are selling above list price and in a record 22 days, according to a Redfin analysis of nationwide MLS data and public county records. Additionally, existing condo and co-op sales in June surged nearly 57% year over year, the National Association of REALTORS® reported Thursday. Nearly 42% of condos sold above their asking price—more than double the rate...

Posted by Tristan R. Pettit, Esq. in Fair Housing / Discrimination, Protected Classes, Screening Tenants I am often asked whether or not a landlord is able to legally decline to rent to a tenant that is receiving "rent assistance." I believe that the primary reason that landlords are unsure of the answer to this question is because Wisconsin's Open Housing Act (Sec. 106.50, Wis. Stats.) prohibits a...

Plants can help brighten indoor spaces and may offer other mental and physical health benefits. As such, it’s no surprise indoor plants are one of the favorite accessories of home stagers. Research has linked indoor plants with reduced stress, increased productivity, and improved quality for the home’s air. Some of the most effective house plants to improve the air quality are areca palms, Boston...

Homebuilders started on more homes at the end of the year, up by double-digit margins and the highest construction numbers since September 2006. But rising lumber prices and increasing regulatory costs pose risks to future production, the National Association of Home Builders notes. Overall housing starts, reflecting single-family and multifamily construction, rose 5.8% in December 2020 to a seasonally...

All net household growth over the next two decades will be from minority households, a new report released from the Urban Institute finds. Between 2020 and 2040, researchers project about 16.1 million net new households will be created. In that time period, Hispanic households are expected to increase by 8.6 million, Black households will grow by 3.3 million, and households of other races—mostly Asian...