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.
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.
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.
More Americans expected to remodel this year (4/21/2016)
The Harvard housing studies center predicts remodeling will rise 8.6% this year – close to its renovation peak in 2006 before the housing market collapsed.
First-time buyers save longer and buy bigger (4/19/2016)
Attitudes have changed. Rather than buy a small home right away, many first-timers are willing to rent longer, save money and buy their long-term dream house.
Solar energy at turning point as costs drop (4/19/2016)
In the sunny South, a drop in solar installation costs has made it a viable energy option, and the rate of adoption could increase if state laws allow it.
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?
Gen X homeownership likely to stay low (4/15/2016)
Today’s 35-to-44 year olds were young adults when the recession hit, and they’ve suffered the most. Many will now likely be renters for life.
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.
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.
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.
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.
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.
NAHB study: Boomer generation housing preferences (2/26/2016)
NAHB compiled data to answer one question: What do today’s baby boomers want in a home?
The ultra-wealthy cut back on home buying (2/24/2016)
While a dozen mega-mansions worth $100 million-plus sold during the recovery, Forbes says it’s an anomaly – a high-luxury home market doesn’t actually exist.
46% of homeowners expect equity gains in 2016 (2/22/2016)
Even though 60% say they’ve gained equity over the past three years, they expect it to continue – and 85% of those people think it will go up as much as 10%.
Builders eye outer lots for entry-level buyers (2/17/2016)
The outskirts of town – a development hot spot during the housing bubble – are coming back into favor as builders seek C- and D-grade lots for their new homes.
Another reason to own a home: Cheaper car insurance (2/17/2016)
It costs a 30-year old safe driver about 7% more ($112 per year) for car insurance if they rent rather than own, according to the Consumer Federation of America.
Zillow reports 4Q loss (2/12/2016)
The company’s stock has fallen 81% over the past 12 months and 26% percent since Jan. 1. Its lower-than-anticipated results missed Wall Street expectations.
More homes built for roommates? (2/10/2016)
Builders introduced a new affordable home model built for roommates or extended families that prefer to share expenses by living under a single roof.
Builders tinker with features as preferences change (2/10/2016)
Cork flooring, pet washing stations, outdoor kitchens and two-story family rooms are on their way out. Great rooms, laundries and energy efficiency are in.
Fewer buyers bringing all-cash to close (2/8/2016)
However, Fla. ranks second for cash closings – 46.7% in Oct. In Miami and West Palm Beach, more than half of Oct. sales were all-cash. In Broward, it was 49%.
Millennials have the power to reshape RE market (2/2/2016)
Young adults will soon redefine the housing market – there are a lot of them out there. Pent-up demand is strong, but many aren’t quite ready to commit yet.
One builder thinks cheaper homes work (2/2/2016)
Most new homes are getting bigger to attract move-up buyers, but D.R. Horton says recent market-share gains come from its smaller-home “Express” brand.”
4 big real estate trends (2/1/2016)
What trends could impact real estate? The Urban Land Institute suggests mortgage rate uncertainties and Gen X’s transition into real estate leadership positions.
Luxury U.S. homes face sudden slowdown (2/1/2016)
Global turmoil hasn’t impacted the overall housing market, but it has cut demand for luxury property as international buyers cut back on their investments.
Walkable neighborhoods: Demand up but supply low (1/29/2016)
Just 14% of in-demand U.S. neighborhoods manage to be affordable, walkable and near decent schools; and that limited supply could cause sale prices to spike.
New home sizes expand along with prices (1/25/2016)
NAHB: The average size of a new home rose to about 2,720 square feet in 2015 – 60 feet more than the 2,660-square-foot average the year before.
Trends: Big yards are out, playrooms are in (1/25/2016)
A playroom for kids is an increasingly important factor in young families’ buying decisions – even more than other traditional features, some professionals say.
Homeowners spending more on remodeling (1/25/2016)
NAHB projects that remodeling spending for owner-occupied single-family homes will increase 1.1% in 2016 year-to-year and another 1.9% in 2017.
More 55-plus homeowners choose to rent (1/19/2016)
In 2000, 52.5% of 55-plus homeowners who moved decided to rent rather than buy their next home. By 2013-14, that number rose 10.5 percentage points to 63%.
Is rent-to-own a solution to the rental crisis? (1/17/2016)
Potential buyers struggling with weak credit scores or inadequate downpayments could find it easier to become a homeowner under a rent-to-own program.
Don’t look stupid when selling a smart home (1/8/2016)
Agents today often find they must explain listings’ high-tech features, such as how to control lights, thermostats or appliances from a smartphone or tablet.
Fed interest rate hikes affect more than mortgages (1/6/2016)
Financial market changes affect many things in real estate, from demand to affordability. As a result, recent Fed interest rate hikes can be both good and bad.
It took longer to close a home loan in Nov. (1/5/2016)
VA loans closed in an average 50 days while conventional loans took 49 days. According to NAR, almost half of all Realtors are reporting longer closing times.
Florida tops list of most-desirable states (12/18/2015)
For the first time in 14 years, Florida is back on top in the “Where Americans Want to Live” survey conducted by The Harris Poll. Calif. and Hawaii followed.
Do neighborhood watch signs hurt sales? (12/16/2015)
To some buyers, a neighborhood watch sign says: “Everyone here cares about the neighbors.” To other buyers, it says: “This area has a crime problem.”
Study: Buying beats renting in most Fla. metros (12/11/2015)
FAU-FIU’s 3Q survey finds buying still preferable, but rising home prices continue to erode its advantage. Miami may be dicey and Texas cities may have a bubble.
Baby boomers blamed for clog in housing market (12/8/2015)
Some economists say boomers aren’t selling their homes and downsizing like previous generations did, creating a shortage of for-sale homes and higher prices.
What amenities do renters want most? (12/8/2015)
The top priority? High-speed Internet. But parking, walk-in closets, soundproof walls, private outdoor spaces and washer-dryers also make the list.
Those neighborhood websites can sink deals (12/2/2015)
Problem neighbors don’t factor into appraisals, but cautious buyers researching online could be put off reading resident complaints about associations or people.
More and more young adults refuse to leave the nest (12/1/2015)
Pundits predicted that young adults would become renters or owners post-recession, but the trend continues as an increasing percentage stay with Mom and Dad.
65% of good schools in unaffordable neighborhoods (11/19/2015)
A good local school can increase property values, according to a RealtyTrac analysis, making it a challenge for the average wage owner to buy property near one.
Rating the raters: The best agent-review websites (11/11/2015)
Penn. Realtors studied the top 10 websites where clients rate real estate agents and judged each on a 0-10 scale. RealSatisfied and realtor.com topped the list.
4 reasons real estate agents as popular as ever (11/11/2015)
Contrary to predictions, the Internet didn’t destroy Realtors. In fact, the avalanche of often-confusing online info drives more clients into broker’s offices.
The housing recovery’s missing link (11/9/2015)
For a true recovery, the nation needs more first-time homebuyers, says NAR’s Lawrence Yun – but their numbers have declined for three years in a row.