Trade war on housing

Trade war on housing

With all the talk surrounding international trade wars and tariffs in the news – a U.S.- China joint agreement to “cease fire” being the latest headline, yet there are threats still lingering with Canada and other frequent trade partners – how will they affect our domestic housing market? No one has a crystal ball, but we know consumer sentiments often drive behaviors, so we asked American homebuyers and owners what they think of the effect of trade wars.   

The latest Q4 ValueInsured Modern Homebuyer Survey found 56% of Americans believe trade wars could affect the housing market, while 44% believe they won’t.

How to spend $25,000

How to spend $25,000

When asked how they would spend an unexpected tax-free cash prize of $25,000, nearly 1 in 3 Americans (32%) said they would spend it toward the purchase of their next home; interestingly, this includes 36% of millennial homeowners and 37% of Gen-X homeowners who already own a home, who say they would choose to spend the unexpected gain toward another home purchase.

Here are the top 10 ways Americans choose to spend an unexpected $25,000 prize…

3 in 4 Americans report their housing market has cooled

3 in 4 Americans report their housing market has cooled

Millennial homeowners among most eager to sell before prices fall, signaling more starter homes could enter market, according to ValueInsured’s Modern Homebuyer Survey

Seventy-five percent of Americans believe their local housing market is “cooling off” – among them, 72 percent say they are not surprised – according to results from ValueInsured’s Q4 2018 Modern Homebuyer Survey, released today.

This shift in market perceptions follows five consecutive quarters where majority of Americans believed housing was overheated.  Among states with the most robust home sales activity, 22 percent of residents in California, 19 percent in Colorado, 36 percent in Texas, and 22 percent in Washington say their local market is not cooling.

The ValueInsured Housing Confidence Index registered at 63.0 on a hundred-point scale for all Americans in Q4, down 4.7 points in one year. Homeowners, historically the most confident segment on the Index, produced a score of 71.6 in Q4, the second-lowest level recorded in thirty months.

WIO – the new trend in home buying

WIO – the new trend in home buying

You may have heard the term “crying it out” or “CIO”; if you haven’t, your Gen-X and millennial clients with young families most certainly have. But we’re not here to discuss parenting or sleep-training tips. There is a new trend in housing: increasing number of millennial and Gen-X homebuyers are now “waiting it out”.

What’s scarier? Halloween, or spooky home prices?

What’s scarier? Halloween, or spooky home prices?

With ever more purchase hurdles, first-time buyers hopefuls are pushing limits as to how far they are willing to go to become homeowners. Eating daily ramen noodles, delaying family formation and co-living with strangers from Airbnb are all so yesterday. The latest sacrifice? Living in a haunted house. Seriously …

Mortgage rates are rising. What’s next?

Mortgage rates are rising. What’s next?

Americans do not expect all home buying to come to a halt just because rates are moving higher. They recognize most will still want to pursue the American Dream of owning a home, despite higher rates being another barrier. Overall, just over half (53%) expect higher mortgage rates to lower buying demand in their local neighborhood, or to drive down buyers’ budget. Millennials, who are more price-sensitive and less averse to renting, tend to attribute more negative housing market impact to rising rates, while suburban homeowners tend to expect more muted impact in their neighborhood.

Homeowners insurance agents could do more for homeowners

Homeowners insurance agents could do more for homeowners

Considering a home is the most valuable asset in most American households, it’s logical to assume homeowners have strong affinity and appreciation for those who help safeguard this asset. However, a latest study shows homeowners have lukewarm opinions of their agent, with over 4 in 10 expressing unflattering or indifferent attitudes toward those who advise them on how to protect their home.

Millennial homeowners fear loss if they sell to upgrade

Millennial homeowners fear loss if they sell to upgrade

With rising home prices and mortgage rates, millennial homeowners are staying longer in their starter homes, many against their wishes to upgrade. According to the latest ValueInsured Modern Homebuyer Survey conducted in Q3 2018, 85% of all millennial starter-home owners wish to sell and upgrade to another home, but 78% are hesitant and have not made the move as they worry they could be buying high.