Existing Home Sales Stronger than Expected
Existing-home sales grew for the second consecutive month in March according to the National Association of Realtors®. This report shows that home prices are rising, inventory levels are falling and the time a home is available for sale is dropping quickly. The trifecta of a strong housing market.
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U.S. News States That Lexington Is Among the Best Places to Live.
In its first year in the annual U.S. News & World Report rankings of the best places to live in the United States, Lexington was ranked 21st.
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Fannie Mae Guideline Change Can Reduce Amount of Cash the Buyer Needs at Closing
The mortgage industry behemoth Fannie Mae has issued a letter to lenders with a revised set of guidelines stating that mortgage lenders could now provide assistance to borrowers as a gift that is not subject to repayment. This could cover some or all of the closing costs associated with the purchase of a home.
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Average Millennial Wastes $93K on Rent by the Time They Hit 30
Millennials pay a whopping $92,600 in total rent by the time they turn 30. Although they earn more compared to previous generations, they also have to spend more on rent.
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Cost of Living is Drastically Different across the U.S.
The cost of living can look drastically different depending on where you are. It will cost a single person about $29,118 a year to live in Brownsville, Texas, for example, but in San Francisco, California, that expense more than doubles, to $69,072.
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Home-Buying Demographics
Millennials are now buying more homes than any other group with thirty-six percent of all home purchases were made by that generation over the last year. That makes millennials the most active generation in home buying for the fifth straight year. Gen-Xers ranked second at 26%, followed by younger and older baby boomers at 18% and 14%, respectively. The silent generation – those born between 1925 and 1945 – accounted for 6% of homebuyers over the last year.
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More Taxes = More Homes For Sale?
Vancouver is slapping thousands of empty homes with a new tax as part of a government effort to tame the out-of-control Real Estate bubble that just won't quit there and is being closely watched by many U.S. metro markets to see if it works.
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Real Estate Activity Remains Strong In Kentucky
Coming off a record-breaking year in 2017, the real estate market in Kentucky continued its run of strong sales activity and increasing home values in January.  
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Gradual Increase in Mortgage Rates Unlikely to Hurt Housing Market
< style="width:352px" />With expectations among economists that the 30-year fixed-rate mortgage will approach 5% by the end of 2019, First American Chief Economist Mark Fleming said that their is an increase in market potential which reflects faster economic growth, low unemployment, and continued low mortgage rates. Fleming said it is unlikely that large numbers of home buyers will be dissuaded by a modest increase in mortgage rates.
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Kentucky Housing Market Sales at Record High
Kentucky’s residential real estate market set new records for a third year in a row, according to data from Kentucky Realtors.
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Couples Are Out Buying Singles In Homes
A couple with a combined household income of $80,800 could afford 82% of all US homes and would be able to save their down payment in just 5 years.
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Home-ownership preferred to renting in 78 out the 100 Largest U.S. Cities
22 out of the largest 100 cities are seeing more renting households. RENTCafé has released their analysis based on American Community Survey archives from the US Census Bureau’s public database. The analysis compared the number of people living in renter and owner-occupied housing units in 2006 and 2016.
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Sales of Existing Homes Hit 11 year High
2017 ended up being the best year for existing-home sales in 11 years, according to the National Association of Realtors.
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Tiny Houses May Become Large in New Homes
A recent survey showed that 53% of new home buyers would entertain the idea of a tiny home (600 square feet or less) in the future with Gen Xers and Millennials more open to the idea compared to baby boomers and seniors.
 
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Average Consumer Credit Score Increased in 2017
< style="width:400px" />Experian's State of Credit 2017 Annual Report showed that the average Vantage Score was 675 in 2017, compared to 673 the year before and only four points from the 2007 average of 679.
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