Skip to main content

Freddie Mac: HERS Rated Homes Sell for More

Nov 08, 2019

A new study conducted by Freddie Mac determined that homes rated under RESNET’s Home Energy Rating System (HERS) between 2013 and 2017 sold on an average 2.7 percent more than comparable unrated homes.
 
The study “Energy Efficiency: Value Added to Properties & Loan Performance” also found that homes receiving lower HERS Index Scores sold for 3 percent to 5 percent more than homes with higher HERS Index Scores, and that buyers of HERS rated homes also have more desirable mortgage profiles than their counterparts seeking out unrated property.
 
The study was based on a random sampling of about 70,000 HERS rated homes, with credit bureau data on each of these homes plus five comparable unrated homes for each rated home, with a total of about 450,000 properties being analyzed. The report stated Freddie Mac “conducted this analysis to understand the value and the loan performance associated with energy-efficient homes to support the consideration of energy efficiency in mortgage underwriting practices.”

 
 
 
About the author
Published
Nov 08, 2019
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025
OCMBC President Arrested For DUI, Murder

Serene Vernon (Rosenberg) had three prior convictions, per a police report

Feb 02, 2025