Report: It’s cheaper to live in Fla. than Northeast (9/2/2014)
Contrary to some consumer perceptions, it’s cheaper to live in Fla. than most Mid-Atlantic and Northeast states, according to a Washington, D.C.-based think tank.
Condo prices keep the faith – at a slight distance (8/29/2014)
A German study found that condos close to a house of worship sell for about 4.8% more than other condos – but not if the church/synagogue/etc. is right next door.
On tap: A 500K-resident, 133-acre Fla. development (8/20/2014)
Formal plans for a pseudo-city south of Orlando could be released soon. It’s so big that it won’t reach its prime until most of today’s planners have passed away.
You’re going to be serving more immigrants (8/18/2014)
Research Institute for Housing America: Immigrants could account for more than 1/3 of homeowner growth and 1/4 of renter household growth from 2010 to 2020.
First-time buyers stuck as entry-level homes dry up (8/15/2014)
Investors scoop up a lot of starter homes, but many first-timers can’t afford one anyway. It’s creating problems for the market, move-up buyers and others.
The sensible revival of the multigenerational home (8/15/2014)
In 2012, 57 million Americans lived in multigenerational households, up from 28 million in 1980. Some builders now cater to this growing demographic.
The porch is making a comeback (8/14/2014)
42% of new homes had a porch 20 years ago; today, it’s 63% because buyers want a home that “has it all,” and porches promote real conversation in a digital world.
Luxury sales can hinge on a lavish clubhouse (8/12/2014)
High-end developers find that it boosts sale to invest in clubhouse amenities, such as his-and-her massage rooms, farm-to-table cuisine and guest quarters.
The single-family vs. mobile home difference? (8/11/2014)
It’s not much: Newer upscale mobile homes can include hardwood floors and granite as some boomers opt to spend more money for a great location.
First phase of housing recovery slows (8/8/2014)
Fannie Mae: 2014 will be a year of mixed housing outcomes with prices rising more slowly and sales falling slightly – but “some reason for optimism.”
Fla. home to 5 of the 10 top spots for CEOs (8/8/2014)
CEOs don’t “get where they are by making poor financial decisions.” The lack of a state income tax and rising home values make Fla. homes a good investment.
Affordable housing propels fastest-growing cities (8/6/2014)
The number of people moving long distances – more than 500 miles – for cheaper housing has doubled since 2007. Ten years earlier, they moved for a better job.
Millennials hampered in buying homes (8/4/2014)
Young adults who make up most first-time homebuyers took the biggest hit in the recession. Beyond high college loans, they make less than earlier generations.
Multigenerational households reach record high (7/22/2014)
18.1% of U.S. residents share a home with kids, parents or grandparents. The trend has dampened a housing rebound but offers huge potential for future sales.
Deed-restricted housing growing in other states (7/17/2014)
Fla. and Ariz. once had a lock on homeowner associations, but the number of deed-restricted developments is starting to grow nationwide.
Less is more when it comes to noise (7/15/2014)
An increasing number of buyers, especially in the luxury market, are willing to pay more money for a home that keeps outside noises out.
Are first-time homebuyers making a comeback? (7/14/2014)
Census Bureau: It’s not much – just a 1% drop in the number of 20-somethings still at home – but it’s the first decline since 2005.
BMO Harris Bank: Most U.S. homeowners have used a real estate agent (7/10/2014)
BMO Harris Bank survey: Despite many feeling they could buy or sell on their own, in the end, the majority (75%) turn to a professional for help.
Americans keep positive attitude about housing market (7/7/2014)
Fannie Mae: Latest housing survey shows consumers’ confidence in the market has trended up during the recovery; 70% say it’s a good time to buy a home.
‘Boomerang’ buyers get second chance (6/17/2014)
Lenders report an uptick in ex-homeowners checking the finance options to buy a home again. An FHA program requires only a one-year wait after a distressed sale.
Aging baby boomers becoming roommate generation (6/10/2014)
For some, the win-win situation pairs a house-rich but cash-poor owner with someone who has the opposite problem.
The runway in the driveway (6/10/2014)
Americans are again warming up to airpark developments, with more property showings and sales. Such developments fell out of favor during the housing slump.
CFPB: Older Americans face debt challenges (6/9/2014)
U.S. consumer agency says more older adults today struggle with housing issues, including unaffordable mortgage payments and the risk of foreclosure.
Census: Almost half new 2013 homes have 4 bedrooms (6/4/2014)
Most single-family homes also have central air, at least a two-car garage and two or more stories. One in three boasts at least three bathrooms.
Homebuyers consider commute costs when shopping (6/4/2014)
Planners agree: traffic jams are part of life. And most buyers who can’t afford to live downtown factor the commuting costs into a home-buying decision.
Cash is still king – but from a different kingdom (6/4/2014)
Two years ago, investors brought cash to the closing table, but their presence is waning. In today’s changing market, the cash buyers tend to be baby boomers.
Size of new homes in U.S. hits record (6/3/2014)
While the average size of new homes dropped during the recession, the trend changed in 2013 when 2,598 average square feet passed the 2,521 square feet in 2008.
On the horizon: 2 surprising real estate trends (6/3/2014)
In the not-too-distant future, tenants might legally smoke pot, and many U.S. homeowners could lose benefits from the mortgage tax deduction.
Developers rethink traditional retirement community (6/2/2014)
The question developers are asking: What do boomers want? It appears many don’t want to “retire” and prefer instead to create a new and better work-life balance.
Survey: Confidence to heat up summer market (5/28/2014)
Overall, 77% of 2,500 consumers reported a favorable view of housing – a 12-point jump from one year earlier. Millennials showed the most optimism at 85%.
Builders’ bonus: Weak competition from ‘newer’ homes (5/27/2014)
Buyers who long for a new home often settle for cheaper almost-new homes. But thanks to the recession, homes built within the last five years are in short supply.
Signs of a suburban comeback (5/22/2014)
During the recession, America’s urban areas seemed poised for growth. But the latest Census figures suggest that more and more people again prefer the suburbs.
CFPB: Student loans killing the drive to buy homes (5/20/2014)
The top U.S. consumer bureau says it’s not just credit issues hurting the first-time homebuyer generation – the huge debt also creates a fear of new obligations.
Looking for a growing niche market? Target boomers (5/8/2014)
Census Bureau: Nation’s older population to nearly double in the next 20 years. The high point of baby boomer retirees will hit between 2012 and 2030.
Realtors report faster sales, more buyer traffic (5/7/2014)
NAR survey of Realtors: 37% of members report in March that homes are on the market less than a month, with buyer demand higher month-to-month.
New Internet models could change the moving industry (5/6/2014)
Big movers could be impacted by a new trend – websites that link small companies to local residents moving a short distance.
Homeownership rate falls to mid-1990s level (5/6/2014)
Economists suspect a growing number of young adult renters striking out on their own is skewing the owner-occupancy rate – but they could eventually buy.
Why is listing inventory so low? Five reasons (4/28/2014)
As prices rise, more homeowners decide to sell. However, perhaps half of all homes won’t be put on the market even if owners would like to relocate.
Spring home buying season? Not everywhere (4/22/2014)
Nationwide, sellers who list now tend to make more money and sell faster – but since all real estate is local, that’s not true in every city or town.
Trend: Buy a college condo when child's in diapers (4/21/2014)
A college-town investment home can earn money to use toward tuition before a child goes to college – an investment strategy popular with Chinese buyers.
Prediction: 50% of buyers in 2020 will be Hispanic (4/15/2014)
National Hispanic association report: With 47% of U.S. homeownership growth between 2000 and 2013 Hispanic – “This is a story of pent-up demand,” president says.
Families more willing to move for the woman’s job (4/2/2014)
Mayflower survey: One in three American households considering a move this year, and women’s careers increasingly drive a decision to relocate.
70% of boomers expect next house to be their last (3/25/2014)
Survey: Many boomers want a retirement home that suits their needs and doesn’t have room for adult children; yet only 27% favor a traditional 55-plus community.
A whiff of ‘welcome home’ (3/24/2014)
Real estate pros know that the smell of fresh cookies can entice buyers; now some condo developers are “branding” scents to showcase their projects.
Study: U.S. housing recovery uneven across markets (3/21/2014)
In five years, single-family home values may match their peaks before the recession – but some cities to do better than others, including Tampa and Jacksonville.
Construction employment up 9.2% in Fla. (3/21/2014)
The state ranked third in construction employment growth, with 38 states adding jobs year-to-year in Jan.
Markets heat up when a neighborhood turns cool (3/17/2014)
Buyers want a resurging neighborhood, a trend that can upgrade downtrodden areas. But when mainstream buyers identify an area as “cool,” it stops being “cool.”
A downside to the refinancing bubble? (3/17/2014)
Some owners who waited for their home’s value to increase may have a new reason not to sell: They hate to give up the low interest rate on their current mortgage.
Study suggests 1 in 10 renters wants to buy in 2014 (3/13/2014)
A new research project contradicts pundits who suggest renting is the new norm: 10% of today’s renters say they want to buy a home this year.
NAR generational study finds market confidence (3/11/2014)
The good news: Little has changed, and younger adults still value homeownership and consider it a wise investment. The bad news: They can’t afford it.
Expect rising demand for ‘aging-in-place’ homes (3/10/2014)
AARP research: Aging baby boomers want a home that allows them to adapt to possible health, vision or mobility changes that could occur down the road.
Average new home size up 11% since 2009 (3/4/2014)
The average size of a new home has risen from 2,362 square feet in 2009 to 2,679 square feet last year. Number of bathrooms and garage size is also up.
Study: Hard times drive adult kids to return home (3/3/2014)
Some 2.3M adults are living with their parents in Calif., up 63% since the Great Recession began seven years ago, but the trend is happening across the U.S.