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It’s Harder to Save for a Down Payment, But Today's First-Time Buyers Have Some Unique Opportunities

It’s Harder to Save for a Down Payment, But Today's First-Time Buyers Have Some Unique Opportunities | Real Estate Plus+ Daily News | Scoop.it
For renters who are prepared to be more aggressive with their savings, we estimated how long it would take assuming they save 10% of their income. For a 20% down payment on the typical starter home, it would take 6.4 years at a savings rate of 10% (up almost exactly one year from the time it would have taken in 2016) and less than one year, around 11.5 months, to save up a 3% down payment. 
lsm992world's comment, July 14, 2021 12:56 AM
super
john meh's curator insight, July 16, 2021 4:24 PM
This is exactly what our clients are feeling at the moment.
Real Estate Plus+ Daily News
Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
Curated by Russ Bergeron
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April home sales and price report

April home sales and price report | Real Estate Plus+ Daily News | Scoop.it
April’s sales pace rose 3.0 percent from the revised 267,470 homes sold in March and increased 4.4 percent from a year ago, when a revised 263,960 homes were sold on an annualized basis. The sales pace remained below the 300,000-threshold for the 19th consecutive month. Year-to-date home sales grew 1.6 percent.
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Bring it Home® Communities Launches New Mobile App to Help Brokers and Agents provide Home Sellers confidence to List Their Homes

Bring it Home® Communities Launches New Mobile App to Help Brokers and Agents provide Home Sellers confidence to List Their Homes | Real Estate Plus+ Daily News | Scoop.it
Called "Before They List®," this innovative app facilitates the collection of specific property information. It gauges interest in a given homeowner's property from other practitioners within an office and evaluates market viability. Practitioners may then report findings to the prospective homeowner, providing an efficient means of potentially generating a listing agreement.
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The Housing Market Eased off the Accelerator in April as Mortgage Rates Spiked (April 2024 Market Report) - Zillow Research

The Housing Market Eased off the Accelerator in April as Mortgage Rates Spiked (April 2024 Market Report) - Zillow Research | Real Estate Plus+ Daily News | Scoop.it
U.S. home values grew 1.2% on a monthly basis in April, and are now 4.4% higher than a year ago. That’s a slight slowdown from 4.6% annual growth seen last month. The typical U.S. home is now worth $359,402. 
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Robot Helps Feed Patients with Mobility Issues

Robot Helps Feed Patients with Mobility Issues | Real Estate Plus+ Daily News | Scoop.it
To address these challenges, Bhattacharjee said his team fitted the system with two ‘essential’ features: real-time mouth tracking that allows the robot to adjust to users’ movements and a dynamic response mechanism that helps the robot to detect the nature of physical movements as they occur and react accordingly. 
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World's most impressive new builds showcase architecture excellence

World's most impressive new builds showcase architecture excellence | Real Estate Plus+ Daily News | Scoop.it
Architizer, the acclaimed platform known for celebrating architectural innovation, has unveiled the highly anticipated shortlist for its esteemed A+Awards. Honoring the crème de la crème of architectural achievements globally, the competition stands as a beacon for ground-breaking projects that redefine our relationship with the built environment.
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Australia and US unveil undersea drones Ghost Shark and Manta Ray

Australia and US unveil undersea drones Ghost Shark and Manta Ray | Real Estate Plus+ Daily News | Scoop.it
The Defense Advanced Research Products Agency (DARPA), the Pentagon branch in charge of developing new technologies, says Manta Ray’s strength is in its modularity, the ability to switch out payloads depending on the mission.
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Core US inflation begins to cool

Core US inflation begins to cool | Real Estate Plus+ Daily News | Scoop.it

Government data released on Wednesday showed that the core consumer price index – an inflation gauge that excludes food and energy costs – increased by 0.3% from March, marking its first monthly cooldown for six months.

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Christie’s Hit By Cyberattack Days Before Auction

Christie’s Hit By Cyberattack Days Before Auction | Real Estate Plus+ Daily News | Scoop.it
“We apologize that our full website is currently offline,” the message reads. “We are looking to resolve this as soon as possible and regret any inconvenience. Contact details below for help and registration including to register for online bidding.”

The cause and extent of the hack has not yet been disclosed, and it’s not yet known if any personal details have been compromised in the attack. 
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New Zillow Home Loans tool addresses home buyers' biggest concern: affordability

New Zillow Home Loans tool addresses home buyers' biggest concern: affordability | Real Estate Plus+ Daily News | Scoop.it
Today, Zillow Home Loans is introducing BuyAbility, a new tool that addresses one of the biggest considerations buyers face today: understanding what they can afford. Only offered on Zillow, BuyAbility gives buyers a personalized, real-time estimate of the home price and monthly payment that fits within their budget, and then gives insight into the likelihood of qualifying for a loan. BuyAbility is powered by real-time mortgage rates from Zillow Home Loans.
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Ummahat AlShaykh Island sets new standards in sustainable tourism

Ummahat AlShaykh Island sets new standards in sustainable tourism | Real Estate Plus+ Daily News | Scoop.it
Kuma and his team have opted for a site-specific approach, crafting low, horizontally oriented "Land Villas" with gently curved roofs that mimic the natural contours of the surrounding sand dunes.
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NAR Board Keeps Dues Unchanged, Elects 2025 Leadership

NAR Board Keeps Dues Unchanged, Elects 2025 Leadership | Real Estate Plus+ Daily News | Scoop.it

At its May 9 meeting, the National Association of REALTORS® Board of Directors voted to keep NAR dues at $156 per member for 2025.

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Dell Data Breach Impacts 49 Million Customers

Dell Data Breach Impacts 49 Million Customers | Real Estate Plus+ Daily News | Scoop.it
In an email to customers and since shared across social media, the company said that the data compromised includes customers’ names, physical addresses and “Dell hardware and order information, including service tag, item description, date of order and related warranty information.” 
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Celoria Architects designs concrete home as a "massive, primitive object"

Celoria Architects designs concrete home as a "massive, primitive object" | Real Estate Plus+ Daily News | Scoop.it
Acting as giant, hollowed-out columns, these concrete forms house the home's infrastructure and utilities, including a spiral staircase, bathrooms, utility rooms and a fireplace.

This frees up the rest of the floor plates to be column-free, allowing for unobstructed views through the full-height windows and glazed corners that overlook the landscape.
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Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets

Redfin Expands Redfin Next Agent Pay Plan to 25 Additional Markets | Real Estate Plus+ Daily News | Scoop.it
Under Redfin Next, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com
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April 2024 Housing Starts: Builders Cautiously Scale Back New Home Construction As Expectations Shift - Zillow Research

April 2024 Housing Starts: Builders Cautiously Scale Back New Home Construction As Expectations Shift - Zillow Research | Real Estate Plus+ Daily News | Scoop.it
The slowdown in single-family housing starts could reflect a cautious outlook from builders largely due to higher than expected interest rates and relatively steadier housing demand during a time of year when acceleration is typically expected.
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Waymo, Zoox Self-Driving Vehicles Under Investigation

Waymo, Zoox Self-Driving Vehicles Under Investigation | Real Estate Plus+ Daily News | Scoop.it
A document posted on the NHTSA website revealed that Waymo is now subject to an Office of Defects Investigation (ODI) following reports of 22 incidents involving vehicles fitted with the company’s automated driving system (ADS) “that potentially violated traffic safety laws.”
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Self-balancing commuter pods ride old railway lines on demand

Self-balancing commuter pods ride old railway lines on demand | Real Estate Plus+ Daily News | Scoop.it
Country folk tend to like the independence offered by their cars, so how do you get them to use public transit? The Monocab system may be the answer, as it utilizes individual on-demand pods that travel on existing abandoned railways.
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Renault announces production of Level 4 autonomous robotized miniBus

Renault announces production of Level 4 autonomous robotized miniBus | Real Estate Plus+ Daily News | Scoop.it
The biggest change in Renault’s autonomous vehicle strategy involves focusing its more advanced autonomous technologies on the public transportation sector, and its intention to separate the expectations for individual vehicles from the needs of public transportation.
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Florida, Texas rank best for home buyers in new Zillow index

Florida, Texas rank best for home buyers in new Zillow index | Real Estate Plus+ Daily News | Scoop.it

Texas and Florida metros dominate the best places for buyers in Zillow's new market heat index, securing seven of the top 10 spots. But most of the country's 50 largest metros — and the U.S. at large — favor sellers, according to the latest market report1 from Zillow®.

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Google starts doing the Googling for you: Search will never be the same

Google starts doing the Googling for you: Search will never be the same | Real Estate Plus+ Daily News | Scoop.it
"Now, with generative AI, search will do more for you than you've ever imagined," said Head of Search Liz Reid at Google's I/O keynote yesterday. "Whatever's on your mind, whatever you need to get done, just ask, and Google will do the googling for you."
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City of Wichita Cyberattack Ongoing, Services Remain Down

City of Wichita Cyberattack Ongoing, Services Remain Down | Real Estate Plus+ Daily News | Scoop.it
The City of Wichita has released an update to a cybersecurity incident that started on May 5, informing its constituents that there is “no timetable” for when its systems could be coming back online.

“The information technology department and its security partners continue to work around the clock to address the cybersecurity incident,” the statement said. “Many city systems are down as security experts determine the source and extent of the incident.”
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'Got that boomer!': How cyber-criminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

'Got that boomer!': How cyber-criminals steal one-time passcodes for SIM swap attacks and raiding bank accounts | Real Estate Plus+ Daily News | Scoop.it

“This is the PayPal security team here. We’ve detected some unusual activity on your account and are calling you as a precautionary measure,” the caller’s robotic voice says. “Please enter the six-digit security code that we’ve sent to your mobile device.”

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CRISPR restores some vision to blind patients in clinical trial

CRISPR restores some vision to blind patients in clinical trial | Real Estate Plus+ Daily News | Scoop.it
Leber Congenital Amaurosis (LCA) is a rare condition that affects about one in every 40,000 newborns. Those affected have a genetic mutation that results in severely reduced vision, leading to complete blindness in about a third of patients. Currently, there are no FDA-approved treatment options at all.
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2024 Finalists :: Comedy Pet Photography Awards

2024 Finalists :: Comedy Pet Photography Awards | Real Estate Plus+ Daily News | Scoop.it
2024 Comedy Pet Finalists Announced
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First quarter 2024 California housing affordability report

First quarter 2024 California housing affordability report | Real Estate Plus+ Daily News | Scoop.it
A minimum annual income of $208,400 was needed to qualify for the purchase of a $814,280 statewide median-priced, existing single-family home in the first quarter of 2024. The monthly payment, including taxes and insurance (PITI) on a 30-year, fixed-rate loan, would be $5,210, assuming a 20 percent down payment and an effective composite interest rate of 6.86 percent.
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