The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest.
Read More »Freddie Mac Finds Rising Rents are Not Pushing Homeownership
New Freddie Mac research reveals that despite rising rents, the majority of renters are not motivated to purchase a home and positive perceptions about renting are increasing. Harris Poll was selected by Freddie Mac to conduct the survey of more than 2,000 U.S. adults online in March 2015 to get their renting viewpoints.
Read More »Study Shows New Jersey Has Highest Property Taxes; Hawaii Has Lowest
The recently released April report finds that homeowners in Hawaii have the country’s lowest property tax burden, coming in at an average of $482 per year. Meanwhile, New Jerseyans must contend with the highest property taxes, paying an average of just under $4,000 a year.
Read More »Confidence Gap Between Renters and Owners Continues to Shrink
Renter confidence rose 4.4 points from last year to 62.4, with roughly 5.2 million renters saying they expect to buy a home this year. That’s an increase of 1 million from last year, when 4.2 million renters said they expect to buy a home. Homeowner confidence rose 3.3 points from last year to 70.6.
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