Some 2.5 million more people than originally reported were affected by the recent Equifax data breach, the credit bureau said Monday. The estimate of the number of Americans whose personal information was potentially exposed is now 145.5 million—the largest hack on record. Cybersecurity firm Mandiant, which was hired by Equifax to investigate the hack, found the additional compromised accounts in a forensic review.The information hackers were a
The changing of the season brings several household tasks you should perform to keep your home safe as colder temperatures approach. Realtor.com® recently featured several chores to do for fall and winter preparation. Clean the dryer vents. Excess lint in a dryer can pose a fire risk. “A key indicator of a dryer vent needing to be cleaned is if clothes aren’t drying as fast as they usually do, or if it takes multiple cycles to get them com
Car lovers “want to jump in the car with their family or friends and go on scenic drives—and maybe some open spaces where they can kick up the turbo,” Tim Jackson, president of the Colorado Automobile Dealers Association, told realtor.com®. “Car lovers will gravitate to those cities that provide a good network of streets and roads. And they want to avoid intense congestion.”Realtor.com® researchers looked at the best and worst urban
As housing shortages persist, developers are eyeing old shopping malls—which often include large parcels of land—for redevelopment into residential projects. In California, which is suffering from severely tight housing inventory, developers are jumping on the trend. A nearly vacant mall in the San Fernando Valley, for example, will soon be turned into a residential neighborhood with 1,400 homes, retail shops, and a concert venue. And a mall
When homeowners began taking out more home equity lines of credit, economists warned that the number of defaults may rise as borrowers face higher monthly payments. But so far, fears surrounding a HELOC boom haven’t been realized.From 2000 to 2006, when home prices were rapidly increasing in the run-up to the housing collapse, many homeowners took out HELOCs, initially being required only to pay interest on outstanding balances for a set period
Low inventory continues to plague real estate markets across the country, but what effect is this having on young buyers? Berkshire Hathaway HomeServices surveyed prospective homeowners in their latest Homeowner Sentiment Survey to find out if they still think now is a good time to buy a home. Overwhelmingly, they said, “yes.”More than 71 percent of the 2,518 respondents—many of whom are millennials—believe now is a good time to buy a hom
Home prices likely will continue to rise over the next year as buyer demand continues to outstrip supply in many markets, according to the August 2017 REALTORS® Confidence Index.That bodes well for homeowners, but buyers are likely going to face even higher prices in the coming months as well as continued competition from the limited number of homes for sale, according to the report.Thirty-nine percent of properties in August sold at or above t
Real estate professionals are desperate to find more homes to list. Some homeowners say they’d sell if they could, but their mortgage is still too high. Nearly 3 million homeowners still remain in a negative-equity position in their home.That translates to about 5.4 percent of all properties with a mortgage that remain in a negative-equity position, in which the owners owe more on the mortgage than their home is currently worth, according to re
Green home construction has moved into the mainstream among single-family and multifamily home builders, according to the new report “Green Multifamily and Single Family Homes 2017 SmartMarketBrief.” The report was conducted by Dodge Data & Analytics in conjunction with the National Association of Home Builders.At least one-third of builders surveyed say green building is a significant share of their overall activity (more than 60 percent
California continued to dominate realtor.com®’s latest rankings of top-performing housing markets. The state boasted 11 metros on this month’s top 20 list for markets that are seeing the quickest sales and most buyer demand online at realtor.com®.For the first time in several months, Vallejo, Calif., fell from its number-one ranking to third place, while San Jose and San Francisco assumed the top two spots on the list.Nationwide, the median
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