Fla. mortgage purchases now outnumber cash sales (7/2/2015)
RealtyTrac: For the first time since Fla.’s housing crash hit its stride in 2009, homes bought with a mortgage (53%) surpassed the number of all-cash sales (47%).
Your business: 5 issues that will impact it (7/1/2015)
Realtors who understand the market are getting ready. Two big changes on the horizon: Baby boomers’ needs are shifting as millennials enter the market.
FAU study: Lower gas prices boost home sales (7/1/2015)
The Fla. university studied home sales in Va. over 10 years and found that properties not only net more money when gas is cheap, they also sell faster.
Economists predict rising home prices, rents (6/29/2015)
Economists predict that home prices rises should return to the highs seen during the bubble by 2017 – but still be down about 20% if adjusted for inflation.
FHA price cuts lead to pricier home buys (6/29/2015)
The agency cut its premiums this year to make housing more affordable. But instead of pocketing the money, many clients use it to buy a more expensive home.
Compact communities are the next big thing (6/26/2015)
Real estate experts say buyers don’t want to commute an hour or more to work – now they want convenient, walkable environments to enjoy their lifestyles.
Single-person households are on the rise (6/25/2015)
Census: Single-person households now make up the second-most-common household type in the U.S. (28%) – and women head 54% of all single-family households.
Hispanics eye larger share of market (6/24/2015)
New Hispanic households represented 40% of the total U.S. household growth in 2014; between 2010-2025, they’re expected to be 7M of 17M new households.
Here’s why home sales are finally surging (6/23/2015)
Strong job growth is propelling first-time buyers back into the market, while still low – but likely to rise – mortgage rates are urging buyers to act fast.
Redesign ideas to grow old with (6/23/2015)
Many people prefer to stay in their home when they retire, and remodeling a current residence to “age in place” may be more cost-effective than other options.
Apartment occupancies soar to record high (6/22/2015)
Axiometrics: The U.S. occupancy rate in May hit 95.3%, the highest ever. Higher rents usually result from higher occupancy: Rents rose 5% nationally in May.
TransUnion forecast: 1.5M boomerang buyers (6/19/2015)
In 2015 alone, about 700,000 Americans who went through a foreclosure or short sale could be ready to buy another home.
Why are home values higher in gay neighborhoods? (6/17/2015)
The answer: No one really knows, but statistically, gay neighborhood homes sell for more money – and female-couple neighborhoods outpace their male counterparts.
52% of Hispanics say it’s a good time to buy a home (6/17/2015)
FAU study: Recent sentiment survey finds that Hispanic consumers are more optimistic about the current economy but have a few doubts about the future.
Report: Renter growth to explode by 2030 (6/16/2015)
An Urban Institute report suggests that current trends will continue, with more home occupants renting their property rather than buying it.
Middle class finds it harder to buy a S. Fla. home (6/12/2015)
Rising property insurance costs and home values have benefited sellers, but the middle class now finds it challenging to progress into homeownership.
Embrace change to succeed in real estate (6/10/2015)
A “global futurist” at ULI’s recent Fla. meeting says technology will change quickly. Get up to speed now on virtual home staging and automated agent selection.
More older Americans buried by housing debt (6/9/2015)
Of the financial threats older adults face – outliving savings, scams, long-term care costs – housing isn’t usually included. But the recession changed things.
RealtyTrac: In April U.S. home prices = market value (5/28/2015)
In Fla., home sale prices topped market value in only one county (Leon), but they were close to 100% elsewhere. The best deal: Escambia with 87% price to value.
Report: 82% of new rentals are luxury projects (5/27/2015)
A lack of lower-end rental housing is sparking price increases nationwide as developers focus on high-end construction, according to an affordable housing group.
$40 million homes spark ‘copycat effect’ (5/19/2015)
A few years ago, $40M-plus homes were rare. Now, the priciest homes sell for well above $100M, and those $40M listings are cropping up across the U.S.
Home ‘flipping’ still popular in Fla. (5/12/2015)
People still love to buy Sunshine State homes, fix them up and sell at a profit. The state was the nation’s No. 1 home flipper in RealtyTrac’s latest survey.
Builders cater to the move-up buyer (5/7/2015)
Over 100 of top homebuilders say they’re targeting second-time or move-up buyers as research indicates the market will be strong in years to come.
Homeownership rate hits 22-year low (4/29/2015)
Census Bureau: The U.S. homeownership rate slumped to 63.7% in March – the lowest rate since early 1993 – from 64.8% one year earlier.
Shrinking shadow inventory to raise prices (4/28/2015)
Fewer foreclosures may mean a tight inventory will get even tighter – and Realtors who specialize in distressed property sales may want to consider a new niche.
NAR study: Return buyers to boost housing demand (4/20/2015)
NAR expects Fla., along with Calif. and Ariz., to see the largest share of return buyers over the next decade. Almost 1M previous owners have already done so.
The real reason millennials aren’t buying (4/20/2015)
While young adults do face ownership challenges like school debt, many have simply postponed big events that kickstart buying, such as marriage and children.
Home energy on the verge of a major change? (4/9/2015)
At-home solar energy use increased 50% each year for the past three years. Experts say roof panels already make financial sense, with battery storage coming soon.
The top 10 features in demand for new homes (4/7/2015)
The outdoor kitchen and fireplace fell out of favor, and more consumers are starting to shy away from first-floor carpeting, laminate countertops and sunrooms.
Most Americans want to move in retirement (4/6/2015)
Bankrate survey: 3 out of 5 U.S. residents want to retire in a different state or city, including 50% of adults age 50 to 64.
Home prices outpace wage growth in 76% of U.S. (3/30/2015)
RealtyTrac: In an economic recovery, wages tend to rebound last after employers find a smaller field of job candidates.
Census: Americans returning to far-flung suburbs (3/30/2015)
The outer suburbs and new homes took a major hit in the housing meltdown, but new data finds that population growth in far-out developments is picking up steam.
Census Bureau: Fla. has fastest growing U.S. city (3/27/2015)
In sheer number of residents, Fla.’s home to 7 of the top 50 fastest growers in the U.S. Mid-Fla.’s older-adult magnet, The Villages, tops list for second year.
Bidding wars return (3/26/2015)
NAR: One in three homes currently sells for more than its listing price, which suggests it may have involved a bidding war with more than one potential buyer.
A pivotal age for real estate marketing: 61 years (3/25/2015)
Study: At age 61, on average, adults shake off the burdens of child raising and jobs, and, for the first time, are free to decide where they want to live.
Census bureau: 10% of Americans want to move (3/25/2015)
About 11.2 million Americans don’t like their current living situation and want to move somewhere else, with younger adults and renters topping the list.
Rent-to-own homes making post-recession comeback (3/17/2015)
Sellers who want to attract credit-challenged buyers, improve the quality of a neighborhood or flip homes quickly increasingly offer a rent-to-own option.
Open-house crowds draw police in some markets (3/17/2015)
Lower listing inventories and stronger buyer interest have caused problems in some areas. A recent Boston suburb open house drew 100 people in 45 minutes.
NAR: Rents could soon outpace household income (3/16/2015)
Recent buyers are financially stable thanks to fixed monthly loans, but life is getting expensive for renters as housing costs eat up more of their income.
Experts make case for big 2015 spike in young buyers (3/11/2015)
Economists point to four converging conditions that suggest a lot of buyers in their 20’s and 30’s will soon commit to buying their first home.
30% think it’s a great time to buy a home (3/10/2015)
TD Bank study: However, two in five consumers say there are too few for-sale homes in their price range, and 44% don’t know about home affordability programs.
Millennials on the homeownership path (3/9/2015)
If the real estate industry’s future depends on 20- and 30-year olds, the short-term future looks fairly rosy as mortgage standards ease and the recession fades.
Could Gen Z reshape real estate? (3/9/2015)
Real estate experts have already started looking at 13-17 year olds to see if they’ll still value ownership as they reach adulthood – and it appears they will.
Townhome market showing signs of a comeback (3/4/2015)
Townhouse construction rose in 2014 based on increased homebuyer interest. Realtors in Fla. and seven other states say there’s a noticeable upswing in demand.
Baby boomers’ housing: What happens when they leave? (3/4/2015)
A huge number of current homeowners are age 51-69, and the industry is starting to wonder what happens next. As boomers age, will millennials fill a housing gap?
Builders shy away from starter homes (3/4/2015)
For now, first-time buyers will have more luck focusing on resale homes than new construction. There’s starter-home demand, but builders aren’t interested yet.
Baby boomer housing a hot market over next decade (3/2/2015)
Merrill Lynch study: 27% of retirees expect to move during retirement, and 37% have already done so. Over the next decade, almost 11 million boomers will turn 65.
Number of movers relocating for a job at 5-year high (2/24/2015)
More Americans seem comfortable moving if it means a better job. The number that relocated in the second half of 2014 hasn’t been matched since 2009.
New homes starting to get smaller (2/23/2015)
For the past three months, the average size of a new single-family home has gotten smaller, suggesting a swing from luxury to middle-income housing.
More adults are single – why you should care (2/17/2015)
The traditional reasons for home buying apply to young couples with children. But 50% are now single, and agents must give them new reasons to own a home.
More 55+ buyers moving, downsizing (2/6/2015)
More and more older adults are selling the family home they’ve owned for decades, and builders are bullish about an upswing in demand for 55+ communities.
More young adults may leave nest, spark economy (2/2/2015)
Up to 44% of adults living with relatives say they hope to get their own place this year. That influx of demand could be a wild card in the housing rebound.
The new electric company: Your home (1/28/2015)
Imagine this future: Instead of buying electricity, most homes generate their own solar power, with any excess supply sold to businesses or non-solar homeowners.
Freddie Mac advises buyers to move quickly (1/28/2015)
The mortgage giant said that favorable conditions make homeownership affordable right now – but buyers shouldn’t assume things will get better if they wait.
Outdoor kitchens’ popularity grows (1/26/2015)
Only 4% of owners making at least $150K per year have an outdoor kitchen, but 13.6% want one. Most popular items are also unusual, such as a pizza oven.
55-plus housing market ‘one of healthiest segments’ (1/23/2015)
NAHB: Builders says the older adult housing market “fared quite well in 2014,” and they predict similarly strong results this year.
Are women the real dealmakers? (1/20/2015)
A study published in Dec. suggests that women may outperform men when it comes to financial negotiations on behalf of another person.
Homeownership rate, home prices no longer linked (1/19/2015)
Historically, a drop in mortgage rates made ownership more affordable, and demand spiked – but that relationship has been off kilter since the Great Recession.