Home shortage makes fixer-uppers more appealing (8/30/2016)
While most buyers want move-in-ready property, more are starting to consider a fixer-upper that, with a little time and money, can be molded into a perfect home.
Homeowners like property value boost from trees (8/29/2016)
Most city residents are willing to pay slightly higher taxes for trees near their home – and they expect them to boost their property value, a new UF study finds.
Homeowners tackle garage messes (8/26/2016)
2015 survey: One in four of owners can’t fit even one car in their garage, but organization products are expected to soon be a $2.4B business, up 25% from 2014.
Shades of gray: The new ‘it’ neutral paint color (8/24/2016)
Gray walls are becoming the modern, neutral choice for a home’s interior spaces. According to paint experts: “Gray is the new beige.”
Survey: Boomers more optimistic, millennials patient (8/23/2016)
66% of existing homeowners view the U.S. real estate market favorably – a 5-percentage point jump since spring and the highest level in more than a year.
Baby boomers chart new direction in housing (8/22/2016)
Americans age 55-plus will play a big role in the housing market, but no one is quite sure what that role will be as they redefine the meaning of retirement.
Sales would be higher if we had more listings (8/22/2016)
Realtor.com: Move-up buyers are afraid they won’t find a better house and won’t sell yet. That, in turn, is holding back a booming real estate market rebound.
Want a quick sale? Try these words in your listing (8/19/2016)
CoreLogic study: “Fenced backyard,” “open concept,” “natural light” and “updated kitchen” tended to reduce days on the market – but “gourmet kitchen” and “granite countertop” didn’t.
Areas hit hard by downturn now see highest gains (8/18/2016)
Miami is seeing the highest property price jumps since 2006 – the peak of the last housing boom – but experts say new mortgage rules and higher condo deposit requirements make this real estate boom different.
Does ‘move-in ready’ now mean smart-home technology? (8/18/2016)
At what magic point do yesterday’s bonus features become the new standard? Currently, more and more buyers expect smart technology in a move-in ready home.
‘Granny flats’ meet some resistance (8/16/2016)
It sounds like an ideal way to care for aging parents: Build them a small home in the backyard. But some cities worry about parking and neighborhood “character.”
Fla. population expected to reach 20.7M this year (8/16/2016)
New residents keep arriving. A Cushman & Wakefield analysis predicts “explosive growth” as the rate of 1,000 new residents each day continues to grow. Jobs are the top reason for the influx.
HELOCs starting to haunt borrowers, banks (8/15/2016)
In 2006, banks offered interest-only home equity lines of credit. Now many of those also add in the principal, and lenders are already seeing more delinquencies.
Number of optimistic buyers hits all-time high (8/12/2016)
In Fannie Mae’s monthly survey of consumers, the share of consumers who said they would buy property if they were going to move climbed to 67%.
Underwater owners regain equity slowly but surely (8/11/2016)
ATTOM Data: Thanks to rising home prices, Fla. is no longer a top state for the number of homeowners who owe more on their mortgage than their home is worth.
Renovation ideas that owners may want to rethink (8/9/2016)
Fixer-upper TV shows give homeowners big ideas, but some projects – like tearing down walls or using the highest-priced materials – could cause problems.
Fannie, Freddie: The RE issue most people ignore (8/8/2016)
It could be harder to get a mortgage without Fannie and Freddie, the semi-private and government-run enterprises that back lenders. But proposed Congressional actions and pending lawsuits may change things.
Millennials continue to delay committing to buy a home (8/8/2016)
Why? Maybe it’s due to underemployment or low wages, but some developers think millennials want more efficient, affordable living spaces close to “experiences.”
‘Boomerang’ buyers slow to return (8/8/2016)
Of the 4.4M foreclosures of owner-occupied residences since 2000, less than one quarter of owners have bought homes again. In Fla., about 20.3% have returned.
Bubble trouble? Four fundamentals you need to know (8/4/2016)
Are local home prices overvalued? While there’s no U.S. real estate bubble, each local market is unique. A look at four market fundamentals can help agents identify a local bubble, says Larry Kendall, author of “Ninja Selling.”
Luxury market ‘not what it was’ (8/4/2016)
The power may have shifted in the luxury housing market. Buyers started to gain the upper hand late last year, but the trend now seems to have picked up speed.
Student debt a bit more problematic in Florida (8/3/2016)
How much of a burden is student loan debt to Fla. buyers? The state ranked 31st overall in a list of best to worst states and 45th in student debt as a percentage of income – but only 7th in proportion of students burdened by debt.
They’re back: Teardowns again becoming popular (8/2/2016)
With little vacant land close to inner cities, the number of teardowns – buyers purchase an existing home, level it and start from scratch – is starting to rise.
Millennials now largest generation in housing market (8/2/2016)
TD Bank survey: Millennials are more financially conservative than their youth suggests, but nearly two-thirds are saving money in order to buy their first home.
4 out of 5 people think ownership a good investment (8/1/2016)
NAHB poll: “Most Americans believe owning a home remains an integral part of the American Dream” and that policymakers need to encourage and protect homeownership.
Floridians work 59 hours per month for a mortgage (8/1/2016)
A state-by-state study on the amount of hours it takes to afford a home found Fla. No. 9 on the most-hours list. At the top, Hawaiians must work 88 hours per month; at the bottom, Ohio residents work 31 hours per month.
S. Fla. homebuyers frustrated by shortage of listings (8/1/2016)
A lack of for-sale homes is rattling buyers, emboldening sellers and pushing prices higher. A normal supply is 6 months; on July 1, Broward had only 3.8 months.
Remodeling spending nears 2006 peak (7/25/2016)
A dip in home remodeling during the recession led to an upswing as owners prepare to sell, buyers perform upgrades and current owners release pent-up demand.
The cost of home renting vs. owning in Fla. (7/19/2016)
A state-by-state GOBankingRates study found that owning a home costs an average $398 per month less than renting in Fla., one of its “a lot more to rent” states.
More homebuyers say: Give me an ‘agrihood’ (7/18/2016)
Developments where homes and working farms co-exist are gaining in popularity, as buyers are drawn to the open spaces and ability to purchase locally grown food.
Where the working-age population is declining (7/18/2016)
Losing a lot of residents in their prime working ages could result in a smaller workforce talent pool or a greater demand for public services for older residents.
Get ready for a baby boomer sell-off (7/11/2016)
Freddie Mac survey: There are a lot of baby boomers out there, and many plan to downsize or move soon – and that would add a lot of homes to the market.
Study: Gated community homes sell for more (7/1/2016)
However, homes in gated communities may not command higher prices if related amenity costs, such as a clubhouse, make overall homeownership more expensive.
Latest trend in senior housing: Roommates (6/20/2016)
As housing prices and rents climb, senior citizens wanting to save money are turning to roommates – a trend especially true for single senior women.
Study: Student loans don’t harm homeownership (6/20/2016)
Study: It’s education that counts, not student debt. College degrees, and the earning premiums that come with them, build assets that help people buy homes.
Homebuilder sentiment rises in June (6/16/2016)
The builder sentiment index finds builders more optimistic about current sales prospects this month than they’ve been since January.
High new-home costs: It’s labor, not materials (6/15/2016)
The cost of raw materials – asphalt, iron, steel and diesel – has fallen, but total new-home construction prices are up 1.8% because labor costs are soaring.
Think you’ve seen it all? Consider this … (6/14/2016)
A Nashville home closing went smoothly until the ex-owner told the buyer that he wasn’t leaving. The former owner must now be evicted.
40% of baby boomers are potential homebuyers (6/14/2016)
Freddie Mac: About 60% of boomers prefer to age in place, but the rest want to move at least one more time – “an enormous impact on the demand for housing.”
Lower-priced homes? Builders can’t do it (6/13/2016)
Buyers seeking a home for less than $150,000 may be forced into the resale market. Builders say land and construction costs make low-cost new homes challenging.
The presidential election creates housing stress (6/9/2016)
27% of Americans think the housing market will get worse after the Nov. presidential election; and so far, no major candidate has focused much on housing issues.
Is tight credit another reason for fewer listings? (6/8/2016)
Before the recession, many owners vulnerable to foreclosure chose to sell instead, but fewer feel threatened due to tighter lending standards. Another concern: Higher mortgage rates could convince more owners with low rates to hunker down.
New homes are bigger than ever (6/8/2016)
Census Bureau: According to its 2015 survey, the median size of a single-family home was 2,467 square feet thanks mainly to bigger bedrooms and bathrooms.
The millennials have taken over (6/7/2016)
For the first time in their 60-plus-years lives, baby boomers aren’t the nation’s largest demographic group – millennials are now the biggest living generation.
Fla.’s recent housing success? Thank baby boomers (6/6/2016)
Clear Capital Index: Four Fla. cities made “Highest Performing Major Metro Markets” in June for home price trends, thanks in large part to an influx of retirees. Tampa, Orlando, Jacksonville and Miami are at the top of the list.
Fannie Mae: Sellers happy, buyers frustrated (6/6/2016)
The number of homebuyers who think it’s a good time to buy dipped to an all-time low as homeowners who think it’s a good time to sell soared to an all-time high.
Romance vs. parents? Millennials pick mom and dad (6/6/2016)
Census Bureau/Pew Research: For the first time in more than 130 years, more young adults live at home with mom and dad than with a romantic partner.
In the buy vs. rent battle, ‘buy’ is winning (6/6/2016)
The latest buy vs. rent analysis from Florida Atlantic and International universities finds that buying makes more financial sense in most metro areas.
Single men’s home values increased more than women’s (5/26/2016)
RealtyTrac: Homes owned by single men, on average, are valued 10% more (In Fla. it’s 12%) and have appreciated 16% more than homes owned by single women.
Women are more skeptical but driven to buy a home (5/19/2016)
A men vs. women homebuyer survey found that women are a tougher sell even though they want to own a home more than their male counterparts.
Builders hampered by soaring regulatory costs (5/10/2016)
NAHB says the cost to comply with new home construction regulations has increased almost 30% in just five years – part of the reason for a dearth of inventory.
Hail to the thief: Today’s burglars are really smart (5/9/2016)
Technology can boost security, but also empowers criminals. An open back door isn’t a lone temptation as smart burglars plan crimes based on structural design.
Home improvement spending: Democrats vs. Republicans (5/3/2016)
In a study that has no bearing on the current presidential contest, HomeAdvisor found that Democrats spend more on their homes and Republicans favor DIY projects.
Foreclosure uptick in reverse-mortgage homes? (5/2/2016)
Homeowners with a reverse mortgage risk foreclosure if they fall behind on real estate taxes or property insurance – and many of them are.
Is this a turnaround neighborhood? Check Facebook (5/2/2016)
U.K. researchers say it’s easier to check social networks if seeking a higher-return investment than it is to drive through neighborhoods or visit Starbucks.
‘Ideal time’ to buy a home say 3 out of 4 people (4/29/2016)
Survey: Despite economic concerns, current and prospective homeowners have an increasingly more favorable view of the real estate market.
Housing costs may prompt a population shift (4/27/2016)
It might be more than sunshine and beaches drawing people to Fla.: More buyers are moving to Sun Belt cities to escape high housing costs found elsewhere.
A top selling point: The ability to age in place (4/25/2016)
By 2030, 73 million Americans will be 65 or older, and demand will continue to rise for one-story homes with grab bars, wider doorframes and ramps.
Survey: Real estate is the best investment (4/25/2016)
When asked the best place to put money in hopes of future returns, 35% of Americans surveyed said real estate. Only 22% said stocks or mutual funds while 17% said gold.
Fla. students can go to school across county lines (4/15/2016)
Fla.’s new law allows students to attend any school – even across county lines. Could that affect demand and home prices in current A-rated school neighborhoods?
More luxury-home sellers drop asking prices (4/14/2016)
In a year-to-year comparison, twice as many $5M-plus home listings cut their asking price in Jan. as the high-end market hits its peak, according to realtor.com.
The 1960’s ranch home? It’s back. (4/14/2016)
In some areas, demand is high for one-story homes, but there are fewer listings because builders have been constructing more two-story homes on smaller lots.
Seller optimism drops on economic nerves (4/11/2016)
Fannie Mae survey: It may be a great time to sell a home, but an increasing number of potential sellers don’t think so. As a result, inventory could get even tighter.
Builders marketing hook: ‘Cheaper to own’ (4/8/2016)
Buyers pay more for new construction, but builders are telling them that it’s a better deal in the long run because greener homes save money on utility costs.
Trends: More Americans heading south (3/31/2016)
Census Bureau: For almost 100 years, relocating Americans tended to move toward the Pacific, but a shift finds them moving to Fla., Texas and the Carolinas.
Economist: Millennials will soon start buying homes (3/30/2016)
Rollins prof says demand will go up: Millennials make up 1/3 of buyers, incomes will rise and 44% of renters (many millennials) plan to buy within three years.
6 ways to explain low inventory (3/24/2016)
Factors influencing the lack of homes on the market include homeowners who are still underwater on their mortgages and not enough new-home construction.
First-time buyers may face a difficult spring (3/23/2016)
The inventory of properties priced below $250K fell 8.2% in Jan. from a year earlier, says NAR, so competition among entry-level buyers could be fierce.
Cities to watch: 2016’s fastest-growing places (3/21/2016)
Two of the top 10 cities ranked by Forbes magazine as the fastest-growing in the U.S. are in the Sunshine State: Orlando at No. 7 and Cape Coral at No. 10.
Hispanic ownership rate up for first time in 6 years (3/19/2016)
In another sign of a real estate recovery, the Hispanic homeownership rate increased from 44.5% in December 2014 to 46.7% in December 2015.
It’s not a housing bubble: 3 reasons (3/17/2016)
Rising home prices and looser credit make today’s market look like a housing bubble, says NAR’s Lawrence Yun. But it’s different than the pre-recession run-ups.
Buyers seeking a lower-end home? Good luck (3/16/2016)
Inventory at the high end of the real estate market continues to grow, but the number of lower-end homes is shrinking as more first-time buyers jump in.
Builders bend rules for multigenerational sales (3/15/2016)
18% of American homes are multi-generational, but local zoning often bans second kitchens, so builders call them “service bars” or “convenience centers.”
The annual hot home buying season starts April 1 (3/14/2016)
Home sales in Fla. and the nation traditionally ramp up in spring and early summer. In Tampa, for example, 37% of yearly home sales close between April and July.
What don’t buyers want? (3/10/2016)
Popular home features come and go. A recent NAHB survey looked at rising stars but also features on their way out. At the top of the list? Elevators.
Boomers and millennials desire different things (3/9/2016)
NAHB study: For every generation except boomers, a laundry room tops their list of desired home amenities. Boomers, however, now value energy efficiency more.
AARP wants to make communities older-adult friendly (3/7/2016)
Housing needs changes as adults age – and they all age. AARP’s trying to help communities plan for that transformation in housing and community design.
Single females a growing market force (3/7/2016)
Since the 1990s, single women have bought homes in greater numbers than men, and the percentage of single-female buyers continues to expand.
What type of home sells fastest? (3/1/2016)
According to a realtor.com study, a Spanish-style home with a city view, stainless steel appliances and good schools priced around $225K should fly off the shelf.
Where’s the listing inventory? (3/1/2016)
Potential sellers and builders appear unmoved by the recent rise in median home prices – two trends contributing to today’s growing lack of listing inventory.
Minority homeownership rates rising (3/1/2016)
The rate of minority ownership rose for the first time since 2007 – and some experts predict minority buyers will make up 88% of the market from 2020 to 2030.