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Challenged by a Down Payment? The Easiest Markets to Save For

One of the biggest challenges for first-time homebuyers is saving. Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently, according to an analysis recently released by RealEstate.com. The easiest market? Chicago, where the average […]

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Is the Housing Market Normalizing? One Sign the Tide’s Turning

With demand strong and supply weak, the housing market is overwhelmingly partial to sellers. The average homeowner is profiting $40,000 at resale (with decade-high returns in 2017), and higher in the hottest markets, where they’re attracting multiple offers in record time. Now, there’s an early indicator that the market may shift. At the start of […]

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Homes by the Millions ‘Missing’ Thanks to Underbuilding

With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]

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Minutes, or Money? Homeowners Save by Trading Off Travel to Work

In city cores, commuting from farther out takes time, but can save thousands, according to an analysis newly released by Zillow. In Boston, there is a 13.4 percent difference in home prices, typically, between the center of the city and locales 15 minutes out—the highest rate of savings, and totaling $57,260. In Seattle, the difference […]

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Sellers Win: Average Homeowner Gaining $40,000 at Resale

Sellers are winning. According to an analysis recently released by Zillow, the average homeowner pocketed $38,856, or a 20.8 percent return, when selling, having had their home for 8.4 years. “In a housing market that’s been plagued by low inventory and increasing demand, homeowners in the nation’s hottest markets have been able to cash in […]

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