Having the spare capital to put 20 percent down on a home purchase is great, but it's certainly not the norm. Still, many people think it is and that belief may be holding some would-be home buyers back, particularly young adults.Indeed, 39 percent of non-owners say they believe they need more than 20 percent for a down payment on a home purchase. Twenty-six percent believe they need to put down 15 to 20 percent, and 22 percent say they need a do
The disconnect between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans’ National Home Price Perception Index. The average appraisal value was 1.47 percent below what owners expected in January.The shift comes after a six-month stretch where homeowner and appraisal value perceptions were moving closer to equilibrium.“Having a good understanding of the co
Selling a home surprisingly has a lot in common with online dating. After all, as realtor.com® makes the comparison, “there may be plenty of potential prospects out there, but it’s not always easy to find the perfect match.”The realtor.com® team pulls tips from dating services like OkCupid, Match.com, and Tinder and applies them to the homeselling process.Rule number 1: Hide the crazy.“Get rid of all the weird quirks or bizarre fascinat
Your location may increase your chances of finding a romantic partner, according to a new study by WalletHub. Some places offer more chances for dating to those who are single.WalletHub’s data team compared the 50 states and the District of Columbia across 23 key indicators of dating-friendliness, such as the share of single adults, movie costs, nightlife options per capita, and more.The following 10 states rank tops for singles in 2017, accord
Some luxury homeowners are scaling back the number of bedrooms in a home to leave more space for hobby rooms and other amenities that can raise the property’s value, The Wall Street Journal reports.But some real estate experts warn that fewer bedrooms could be a risk at resale.“There’s always going to be a narrower market” for a home with fewer bedrooms, Javier Vivas, economic research manager for realtor.com®, told The Wall Street Journ
Millennials don’t like to move compared to other generations. Just 20 percent of 25- to 35-year-olds in 2016 said they changed their addresses in the previous year. In 2000, 26 percent of Generation X members had moved the previous year. In 1990, 27 percent of late baby boomers reported they had moved, according to U.S. Census Bureau data.As the economy improves, economists expect moves to increase as Americans pursue job opportunities, particu
Nearly half of people in their early 20s still receive help from their parents in paying their rent, according to a new analysis by the New York Times of more than 2,000 young people from 2007 to 2013.With jobs so concentrated in metro areas – and where rents are often sky-high – young people are increasingly turning to their parents for financial assistance. The study’s researchers, controlling for other factors, found that young adults li
Bigger isn’t necessarily better when it comes to appreciation. In fact, a new study shows that smaller homes likely will offer a bigger percentage return on a home shopper’s investment.A new study conducted by NerdWallet culled three years of listing data from realtor.com® of the 20 of the largest U.S. metro areas and shows that smaller homes, in general, appreciate at a faster rate than larger homes.Markets can vary greatly, however. In 17
Score one for the photographers. In a Seattle courtroom Friday, a federal jury ordered Zillow Group Inc. to pay $8.3 million in a copyright infringement lawsuit filed over the use of photographs on Zillow Digs.The lawsuit was filed in 2015 by VHT Inc., a photography and image management services company that does business as VHT Studios. The suit claimed that Zillow displayed or saved images, produced by VHT for marketing purposes, to the Zillow
Nearly a third of baby boomers say they experience anxiety – at least once a month – about being able to afford where they live. Forty-two percent of retirees report having such anxiety on a daily basis, according to a new survey by The NHP Foundation of 1,000 Americans aged 55-plus.Overall, 46 percent of survey respondents say they are concerned about “the ability to afford desirable retirement living.” They’re concerned about their ad
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