More Fla. renters spend half their income on housing (10/5/2015)
In S. Fla., 36% of renters spend at least half their income on housing, followed by Orlando and Daytona Beach at 30% each.
Competition for listings may be due to buyers’ age (9/24/2015)
Underwater mortgages, foreclosures and more have been blamed for a tight listing market, but a big reason could simply be changing U.S. demographics.
Baby boomers behind the multifamily surge? (9/24/2015)
From 2007 to 2013, young adults drove demand for multifamily housing. But no more. Currently, older adults age 50 to 59 are taking over.
Survey: Hispanic women key homebuyers (9/23/2015)
1 in 10 Hispanic women believe homeownership is the best financial investment, and 2 in 3 think they’ll be the primary driver when it’s time to buy.
Surging rental income likely to slow (9/22/2015)
It’s a good time to be a rental property investor: Total income from tenants more than doubled in eight years – but those rapid rent increases should soon slow.
The difference between a ‘bubble’ and ‘overvalued’ (9/21/2015)
The short version: A bubble can pop, which means it’s dangerous. An overvalued market is finding its center, but without a fear that the bottom could drop out.
Mortgage bankers’ prediction: A 2016 sellers market (9/18/2015)
A survey of independent mortgage lenders found that 60% predict a 2016 sellers market, and 89% think that interest rate increases won’t have a big impact.
Tampa: Investors show interest in port’s Channel District plan (9/18/2015)
Study: Right now it’s better to buy a home than rent (9/18/2015)
A housing market index produced by FAU and FIU finds buyers in most metros accumulate wealth faster than renters – but there’s no longer a big difference.
Will stock market flop hit luxury home sales? (9/14/2015)
If it’s not a temporary stock correction, some investors could decide to sit on their real estate, neither buying nor selling. But some might invest even more.
Could home values jump as jobs outpace construction? (9/14/2015)
It’s Economics 101: If rising demand (more jobs) outpaces supply (new homes), the price of homes goes up. In S. Fla., builder concerns and land pose a problem.
NAR study: New home construction trails job growth (9/9/2015)
New home sales aren’t robust enough in most metro areas, finds NAR. It’s a contributing factor to today’s current listing shortages and unhealthy price growth.
Goodbye home offices – shared workspaces gain ground (9/8/2015)
Offices with independently rented desk space are hot in commercial real estate, and residential agents are finding that sharing space can lead to more referrals.
Will millennials buy homes online? They do in China (9/3/2015)
Each new tech tool, such as a 3D home tour, makes it easier to do a complete real estate transaction online. Some experts think that’s the future of real estate.
Clients value walkable neighborhoods (8/31/2015)
A location close to entertainment, job centers and public transit without needing a car is a big draw for potential homebuyers; it can boost home values too.
Buyers who want new construction need patience (8/24/2015)
Census Bureau: Buyers who want a new home have to wait about seven months after they sign a contract – one month longer than they did two years ago.
All-cash sales hit 2009 levels – but not in Fla. (8/20/2015)
While 22% of U.S. sales were all-cash in June, it jumps to 47.8% in Fla. Of the top five metros for cash sales, four are in Fla., with Miami heading the list.
Fed change could boost manufactured home sales (8/18/2015)
A federal move called “duty to serve” would force Fannie and Freddie to treat mobile home loans the same way they do site-built. And that could increase demand.
Home prices are up in nearly every U.S. metro (8/13/2015)
The supply of for-sale homes isn’t keeping up with demand, says NAR’s chief economist. It helps current owners but creates a challenge for buyers.
52% of Americans plan home purchase within 5 years (8/12/2015)
BMO Survey: 16% of recent buyers spent less on their home than they expected, while 13% went over budget. One in three (27%) searched for more than six months.
Seller, buyer confidence dips slightly (8/11/2015)
Fannie Mae’s latest survey finds more frustration among buyers and sellers. The dip could be tied to consumer confidence, which has also taken a recent hit.
Big data is changing commercial real estate (8/10/2015)
Reams of statistics organized by complex software is streamlining the financial process, boosting buyer analyses and improving property management.
Study finds high student loans hurting real estate (8/6/2015)
A Bankrate.com study that contradicts some reports finds that 56% of millennials have postponed major life events, such as home buying, because of student debt.
What do today’s buyers want in a home? (8/5/2015)
New-construction choices offer a glimpse of current buyers’ desires. Overall, garages are growing, while granite is preferred in two out of three kitchens.
Retirees choosing to ‘upsize’ homes (8/3/2015)
Earlier generations downsized in retirement, but many baby boomers go a different direction: They see retirement as a last chance to have the house of their dreams.
What do Realtors worry about most? (7/28/2015)
NAR’s latest report on Realtor confidence finds eight leading concerns, with Oct. 3 TILA-RESPA disclosures heading the list followed by a too-tight inventory.
Jumbo mortgage market inflates (7/27/2015)
The percent of homebuyers applying for a jumbo loan in the first six months of 2015 was 36% higher than the number who applied one year earlier.
Labor shortage a silent threat to housing’s rebound (7/21/2015)
New homes can’t ease buyer demand if the U.S. can’t build them, and in June, construction industry unemployment dropped to its lowest level since 2001.
Do most real estate agents own or rent? (7/20/2015)
About 84% of real estate brokers and sales agents own a home, according to Census data analysis – higher than other professionals in the same age bracket.
Builder confidence at highest level since Nov. 2005 (7/16/2015)
“The fact that builder confidence has returned to levels not seen since 2005 shows that housing continues to improve at a steady pace,” says NAHB chairman.
What might 6.5 million homeowners be missing? (7/9/2015)
A financial services study finds that at least 300 million homeowners could save about $200 per month simply by refinancing their mortgage.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.