Tag Archives: Trulia

Now that the Federal Reserve has raised the federal funds target rate, which will impact interest rates, prospective homebuyers are probably weighing their mortgage financing options.

Housing in some metros over the last four years has recovered more quickly driven by substantial economic growth, while housing has been slow to recover in some metros based on sluggish economic growth.

The mortgage industry is practically holding their breath as 2015 comes to a close and 2016 is just a few weeks away, and with it may come a number of welcome and unwelcome surprises, causing pessimism and uncertainty to invade the market.

Initial mortgage payments are already affordable to millennials in 73 out of the 100 largest housing markets in the country, according to Trulia—in other words, the initial mortgage payments make up 20 percent or less out of that household’s monthly income. In 17 out of the largest housing markets, however, a median price home is defined as unaffordable to millennials.

A Trulia survey released Wednesday found that a key selling point for buyers are schools and areas that market quality schools. A good school district can be a determining factor for a buyer when purchasing a home, especially for families with children.

New research from Trulia found that only a small portion of millennials who plan to buy a home will do so within the next year, while the rest plan to wait two years or more.

The conflicts of student loan debt surpass just actual repayment. Trulia research titled "The Debt of Wrath: Do Student Loans Affect Saving for a Home?" recently found that college degrees hinder young millennials from saving up for a 20 percent down payment on a home due to student loan repayment, but in the most expensive markets, only those with a college degree will be capable of saving up enough for a home in their lifetime.

Trulia, a San Francisco-based home search resource for buyers and renters, has named Selma Hepp as chief economist. In her new position with Trulia, Hepp will lead the company's housing economics research team and provide key insights about the economy, housing trends, and public policy to house hunters.

Compared to a year ago, the overall pace of sales nationally has sped up. Last spring, about 62 percent of all homes Trulia track nationwide were still on the market at the 60-day mark. Wednesday’s report showed that number is now down to 60 percent.

Bigger is better when it comes to dream homes, according to a report released Thursday by Trulia called “Dreaming Big: Americans Still Yearning for Larger Homes.” According to the report, dreaming of a bigger homes spans all generations with Baby Boomers, Millennials, and GenXers all surveying they want more space.