Leading the stories in this week’s real estate news is an article about mortgages for first-time homebuyers. Next up: What does the proposed GOP tax bill genuinely mean for home values? Buyers looking for single-family homes might have better luck in 2018 as builders appear poised to add more new homes to the market. An agreement between the DOJ and NAR is set to end in one year, and this could have some serious ramifications to how shoppers look for homes online. If you have buyers looking to purchase homes that are–quite literally–mansions, it will help if they live in the states on this list.
3-percent mortgages for first-time homebuyers are key, say lenders
The news is good for first-time homebuyers as we head toward 2018: Mortgage lenders believe there will be a higher percentage of those wanting to get into the market in the new year. There is a caveat: 97 percent loan-to-value mortgages will be key.
What the GOP tax bill means for home values
There has been plenty of talk about the proposed GOP tax bill and what it might indicate for homeowners. This Forbes article outlines precisely what these changes could mean for home values as well as homeownership.
Buyers looking for single-family homes might soon be in luck
Everyone has been talking about the shortage of single-family homes available to buyers. This might change in the new year. Builders have secured nearly 6 percent permits in October than they did the previous month, indicating plans for more new builds.
Will the real estate industry go back to the Dark Ages after 2018?
In November 2018, an agreement about online listings previously made between the U.S. Department of Justice and the National Association of Realtors® is set to expire. This could have a significant impact on how buyers currently search for homes online as well as how brokerages can present home listings. Is there cause for concern?
Where you can find the cheapest mansions
Do you have buyers who are looking to live large? Find out if your state is on the list of lowest-median-price-per-square-foot homes.