home buyingWho is most likely to have home buying as a goal this year? Will remodeling and home improvement spending continue to grow?  We look at this and more in this week’s roundup of real estate news.

Four Percent List Home Buying a 2019 Goal

Four percent (about 10 million Americans) said buying a new home was their main financial goal for the year — and millennials were the most likely generation to claim that as a goal, a new Bankrate survey revealed.

Seven percent of millennials said they wanted to buy a home this year.

But that doesn’t mean financial goals aren’t being set. Bankrate’s survey revealed that about 89 percent of Americans have at least one goal for the year, with paying down debt being at the top of the list, with three in 10 saying that was their goal, followed by better budgeting (13 percent), saving more towards retirement (12 percent), saving more for emergencies (10 percent), getting a higher-paying job (6 percent), and investing more (5 percent). (more…)

When Mark Law took his job as the vice president of product innovation for HomLuv, it necessitated a move to Austin from Seattle. His wife was still in Seattle, in fact, when the couple also became one of HomLuv’s earliest users.

HomLuv.com is a visual search platform for new home buyers that takes the joy of Pinterest and Houzz and the practicality of your budget to make a tool that takes some of the hardest parts of picking a home builder and makes them disappear.

“We found that many people will use Pinterest and other sites and they’re putting million dollar photos of rooms they like, and then they are disappointed when they can’t get it because it’s out of their budget,” Law said.

HomLuv is different because users can log on to the site (which went live today) and page through pictures of kitchens, bathrooms, bedrooms, and even garages — all filtered by the prospective homebuyer’s budget, square footage desires, number of bedrooms wanted, and more. (more…)