Katie West

Tax Law Affecting Home Sales

Report: Tax Law Changes Affecting Home Sales

| Article | Market & Trends
According to a new study by the New York Federal Reserve, the Tax Cuts and Jobs Act, an overhaul of the U.S. tax code that was enacted in 2017 and puts a cap on some deductions for homeowners, has “negatively impacted the housing market” by lowering sales volume. The new ...
Top Markets with Greatest Seller Gains 2019

Top Markets with Greatest Seller Gains Q1 2019

| Article | Market & Trends
According to a recent Q1 2019 Home Sales Report released by ATTOM Data Solutions, U.S. homeowners who sold their homes in the first quarter of 2019 realized an average home price gain since purchase of $57,500, down from an average gain of $60,000 in the fourth quarter of 2018, but ...
2018 Redfin Report Open Houses

Report: Homes with Open Houses Sell for More and Spend Less Time Market

| Article | Market & Trends
According to a recent analysis of 2018 home sales and open houses, Redfin found that houses for sale that had an open house in their first week on the market sold for up to $9,046 more. They also discovered that those homes spent seven fewer days on the market versus ...
Year-End 2018 Home Flipping

Report: Latest Year-End 2018 Home Flipping Data Released

| Article | Market & Trends
ATTOM Data Solutions recently released its Q4 and 2018 Year-End Home Flipping report that showed that 207,957 single-family homes and condos were flipped in 2018, down 4 percent from 216,537 flipped in 2017. The 207,957 homes flipped in 2018 makes up 5.6 percent of all single-family home and condo sales ...
Federal Reserve Interest Rates

Report: Federal Reserve Says No Interest Rate Increases This Year

| Article | Market & Trends
The Federal Reserve announced after its March meeting that it will leave short-term interest rates unchanged for 2019 and will not raise rates for the remainder of the year. This marks the end of five consecutive quarters of rate increases by the Federal Reserve. The Federal Open Market Committee indicated ...

4 Real Estate Investment Strategies For Newbies

Investing in real estate is nothing new. With the popularity of real estate shows on television, it can give anybody the feeling that they can do that too and be super successful at it. What many people don’t realize is the amount of work that can go into real estate ...

Report: Freddie Mac Reports Fixed-Rate Mortgages Hit 12-month low

| Article | Market & Trends
Fixed mortgage rates have reached a 12-month low, according to a report from Freddie Mac. Freddie on Thursday released results of its Primary Mortgage Market Survey, which found that 30-year fixed-rate mortgages have hit their lowest levels since early 2018. “The combination of cooling inflation and slower global economic growth ...
foreclosures down

Report: Foreclosures and Delinquencies at Lowest levels in 10 years, expected to rise in 2019

| Article | Market & Trends
Mortgage delinquency rates and foreclosures have dropped to their lowest rates in 10 years, according to a recent CoreLogic Loan Performance Insights report. The report found that 4.1 percent of U.S. mortgages were in a stage of delinquency in November 2018, representing a 1.1 percentage point decline in the overall ...