For many Americans, their "dream home" is a new, suburban, single-family house in the southern part of the country, according to the inaugural Century 21 First-Time Homebuyer Index.Century 21 said 46% of the survey respondents preferred suburban areas as the location of their dream home, 39% preferred rural areas, and 15% preferred urban areas. Respondents favored the Southeast as the geographic locale of such a home, compared with 23% for the Southwest, 19% for the Northeast, 17% for the Midwest, and 14% for the Northwest, the company said. An overwhelming majority, 78%, said the dream home should be newly constructed. The study also found that Hispanic first-time homebuyers are typically four to five years younger than their non-Hispanic counterparts, Century 21 reported. The index was based on a survey of 1,214 U.S. first-time homebuyers conducted for Century 21 by International Communications Research. Century 21 can be found online at http://www.century21.com.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
3h ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
3h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
4h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
5h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
7h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
7h ago