U.S. Housing Market News With a Local Angle

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Housing Market News With a Local Angle

Welcome to the Home Buying Institute. We provide “hyper local” housing market news for cities and metro areas across the United States. We do this by researching local real estate trends and also by soliciting input from local real estate professionals. In fact, the Home Buying Institute is currently building a nationwide team of housing reporters to cover trends and conditions at the local level.

We have been educating home buyers, sellers and mortgage shoppers for more than 10 years. We provide unbiased information that helps buyers and sellers make better-informed decisions. You can learn more about our company and our goals on this page.

Most Recent Stories

Average Real Estate Agent Salary for 2015: Approximately $44,354

How much do real estate agents in the U.S. earn each year, on average? According to PayScale, a company that claims to have the largest database of salary profiles, the average annual income is around $44,000. But some earn much more than this, particularly those who work in high-priced housing markets like San Francisco and New York City.

Home Prices Rising Beyond the Means of Many Buyers in 2015

When home prices start rising faster than personal incomes and wages, it creates affordability problems for many would-be buyers. That’s what we are seeing right now, according to a housing industry report released earlier today. But we probably shouldn’t be worried about bubbles just yet.

2016 Mortgage Rate Forecast: A Slow But Steady Climb Ahead?

What can home buyers and homeowners expect in 2016, as far as mortgage rates are concerned? According to the latest forecast from Freddie Mac, borrowers should beware of rising interest costs. The company expects the average rate for a 30-year home loan to approach 5% next year, especially if the Fed backs away from its stimulus measures.

Rents Are Rising, But It’s Not Turning Renters Into Buyers

A recent survey conducted by Harris Poll, and on behalf of Freddie Mac, revealed that rising rent costs are not enough to make renters want to purchase a home. In some cases, the perceived benefits of renting far outweigh the advantages of homeownership.

Atlanta Housing Market Has the Most ‘Smart Buys,’ Says Realtor Group

According to a recent analysis by the data team at Realtor.com, the Atlanta real estate market is currently one of the most affordable for buyers. This is based on median house values compared to median income level, among other factors. This is good news for anyone planning to buy a home in this area.

FHA Mortgage Rates Climb to Highest Point Since March 12, 2015

According to the latest lender survey conducted by Freddie Mac, and a smaller survey conducted by the Home Buying Institute, 30-year FHA loan rates recently climbed to their highest level since March 12 of this year. What’s in store for the future? Here’s a current analysis to guide you.

Personal Loans Based on Income: Is it the Way of the Future?

Some progressive, non-traditional lenders are using their own computerized algorithms to make lending decisions. For instance, a company called Upstart offers personal loans partly based on the borrower’s income, job history and education level — not just credit scores. Are these companies the way of the future?

HARP and HAMP Program Deadlines Pushed from 2015 to 2016

The federal government’s Home Affordable Modification Program (HAMP) and Home Affordable Refinance Program (HARP) were originally set to expire in December 2015. The Federal Housing Finance Agency (FHFA), which oversees the venture, announced today that the popular mortgage refinancing and modification programs will be extended through the end of 2016. According to a recent announcement, […]

First-Time Buyers ‘Boxed Out’ of Housing Market in Summer 2015?

Call it the summer of shortage. In many local housing markets in the U.S., there won’t be enough homes for sale this summer to satisfy demand. First-time home buyers, in particular, could be “boxed out” of the real estate market due to a dearth of inventory in many areas. Are First-Time Home Buyers Getting “Boxed […]

Home Buyers With No Credit Scores Could Face Additional Hurdles

Yesterday, the Consumer Financial Protection Bureau released the results of an in-depth study into credit scoring practices and trends. As it turns out, many home buyers do not have credit scores, and it could create some additional hurdles when they try to obtain mortgage financing.