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Articles relating to "Trends":

NAR’s Yun: Some markets reaching ‘crisis’ level (6/23/2017)
Record-high median home prices last month have led to an inadequate supply of affordable housing in some areas of the country, says NAR economist Yun.

As rents rise, millennials turn to dorms for adults (6/22/2017)
Co-living arrangements – in essence adult dorms that incorporate a social element shared by all renters – are soaring in popularity as rental costs rise.

First-time buyers face new competition (6/21/2017)
Investors are competing for starter homes: Housing inventories are at the lowest level in 30 years, and worst shortages are in the low and middle price ranges.

Higher prices squeezing both renters and homebuyers (6/16/2017)
In many metros, buyers can’t find a suitable listing, and when they turn in frustration to rentals, they discover that higher demand has increased the cost.

Americans place high priority on ownership (6/16/2017)
More than two-thirds of Americans believe that owning a home is an essential part of the American dream, according to a new survey released by NAHB.

Do stellar Yelp reviews buoy home prices? (6/16/2017)
Homebuyers don’t just buy property, they also buy a neighborhood, and a study found that high-rated nearby restaurants may increase a home’s selling price 11.5%.

NAR answers questions about Zillow ‘Instant Offers’ (6/14/2017)
Change is constant in the real estate industry, and since many Realtors are talking about a recent Zillow move, NAR published answers to common questions.

Next buyers’ market? Two or three years, say some experts (6/14/2017)
As price growth slows, more sellers should sell, and one economist predicts the market will “meaningfully swing in favor of buyers” in the next two to three years.

Globally, the U.S. is a deal in luxury housing (6/14/2017)
Luxury real estate buyers may find bargains in the U.S. compared to the rest of the world. Miami is No. 14 for fastest-rising prices; China has the top 2 cities.

Globally, the U.S. is a deal in luxury housing (6/12/2017)
Luxury real estate buyers may find bargains in the U.S. compared to the rest of the world. Miami is No. 14 for fastest-rising prices; China has the top 2 cities.

Where did all the starter homes go? (6/9/2017)
Builders and economists point to a maze of zoning, environmental, safety and other requirements as part of the reason why housing construction remains 35% below normal levels across the U.S., especially for affordable starter houses.

First Southwest Fla. community says yes to tiny homes (6/9/2017)
Cape Coral planners say they will add a special zoning area for tiny homes, but they’ll be on foundations and will probably start at 610 square feet.

Millennials may see a 2017 home-buying turnaround (6/8/2017)
U.S. homeownership rate is 63.6% (64.6% in Fla.), but owner households formed at double the rate of renter households in 1Q 2017 – a key to homeownership growth.

Number of ‘super commuters’ rises with home prices (6/6/2017)
In 4 out of 5 U.S. states, the length of the daily work commute continues to rise as more people look for affordable housing farther outside urban areas.

Homeowners again refinancing and pocketing cash (6/6/2017)
Freddie Mac: Homeowners may be reluctant to sell, but they still want to spend home equity as cash-out refis hit levels not seen since the financial crisis.

Buyer trends: Walking trails overtake golf courses (6/2/2017)
While buyers will still pay for a view of rolling hills and trees, more and more now prefer to see people jogging rather than golfing.

Downpayment help with a catch: A claim on equity (5/31/2017)
Trending: More startups, such as Unison and OWN Home Finance, are offering to help buyers with a downpayment in exchange for a stake in their home’s future equity. However, interested buyers should carefully read the fine print.

Poll: 49% of renters want to buy within five years (5/17/2017)
Gallup poll: 10% of non-homeowners plan to buy a home within the next year, and one in five (20 percent) say they plan to buy within the next 10 years.

Trending: ‘Organic’ senior communities (5/17/2017)
Retired boomers are migrating to some neighborhoods naturally, and cities are encouraging this hybrid trend by adapting amenities to the needs of older adults.

Study: Americans overwhelmed with stress when moving (5/16/2017)
For Realtors, “I can make the process less stressful” might be a better sales tool than “I can help you find your dream home.”

The new normal: Homeowners aren’t moving (5/15/2017)
A decade ago, the median homeowner lived in their abode a bit less than four years; today it’s almost nine years, thanks to value drops and low interest rates.

Directional change: Homes more affordable in 1Q (5/11/2017)
NAHB: Homes grew less and less affordable after the recession, but NAHB’s 1Q report found the reverse, thanks mainly to a rise in average incomes.

Are the suburbs seeing a rental boom? (5/9/2017)
After the recession, renters flocked to urban areas, and urban construction soon surged to record-high levels. But a new study finds that things are changing.

Is the homeownership rate finally stabilizing? (5/9/2017)
The U.S. homeownership rate has continued to drop after hitting a pre-recession peak, but after a low of 62.9%, the rate seems to have stopped dropping.

More owners remodeling to ‘age in place’ (5/9/2017)
NAHB survey: Builders report an uptick in remodeling projects that allow homeowners to age in place, such as wider doorways, new grab bars and higher toilets. They found a bit less demand for big projects.

How much is a great view worth? (5/8/2017)
Study: Good views are worth more in cities, though a suburban lake-view home usually commands a higher selling price than an identical non-lake neighbor.

Builders’ 55+ confidence wanes after post-election high (5/4/2017)
Builders remain bullish on the 55+ market, but a post-election record high in NAHB’s 55+ confidence index declined 12 points in the latest report.

Pet ownership up, latest trend is ‘Catios’ (5/4/2017)
Homeowners have always loved pets, but more are now remodeling to accommodate them. The latest trend, a catio, gives cats a safe place to relax outdoors.

The downside to more tech jobs? High home prices (5/3/2017)
High-paying jobs can lift a community, but cities with lots of high-tech jobs are realizing that rising home prices push other residents out.

Old home decor isn’t always a bad thing (5/3/2017)
To some buyers, 60-year-old cabinets are a turn off – but others long for a “time capsule” home that hasn’t been updated at all since the mid-20th Century.

Closing roadblocks? Financing fades as appraisals rise (5/2/2017)
One out of four (23%) March home sales failed to close on time. Fewer Realtors are citing financing issues, however, but appraisal issues are trending up.

Home hunters finally favor buying over renting (5/2/2017)
Census Bureau: For the first time in a decade, more new households chose to buy a home rather than rent one in the first quarter of 2017.

Help boomers navigate retirement (4/28/2017)
Three out of four adults plan to downsize to lower their costs and cash in on home equity – a potential real estate boom over the next 20 years.

Poll: Most people expect home prices to keep rising (4/26/2017)
61% of U.S. adults think local home prices will rise over the next year – the highest percentage since Gallup began collecting the data in 2005.

Hispanics a growing buying force (4/24/2017)
While the national homeownership rate decreases, the ownership rate among Hispanics is defying the trend and steadily increasing.

Forget millennials: Gen X driving today’s market (4/18/2017)
Today’s 37-51 year olds missed out on housing during the recession, but the Gen Xers who couldn’t afford homes when the economy tanked are still interested – and many who did buy before values fell are emerging from underwater.

Survey: Homebuyer preferences in 2017 (4/12/2017)
Buyers can’t find many listings but they still have dreams. The ideal: A 3-bedroom, 2-bath, ranch-style home with a large backyard, updated kitchen and garage. And the older the buyer, the more likely they’ll want a single-family home.

Townhomes having a moment again (4/12/2017)
The fastest growing market segments for builders? Townhomes. Construction grew 17.8% from 2014 to 2015 compared to 10% for single-family and 12.1% for condos.

Fewer Americans think it’s a good time to buy a home (4/11/2017)
Higher home prices took a toll in Fannie Mae’s latest consumer survey, with only 30% of Americans saying it’s a good time, a 10% month-to-month decline.

Scary projections if AOB insurance problem not fixed (4/6/2017)
How much more will it cost you each year if assignment of benefit clauses stay in Fla. property insurance policies? The Office of Insurance Regulation found out.

Pot ignites a real estate boom (4/5/2017)
Colorado and other areas with legalized marijuana sales report a major real estate impact: More demand for warehouses and other facilities for the cannabis business.

The risk of home prices going down? ‘Ultra-low’ (4/4/2017)
Latest Arch Risk Index report finds little chance home prices will decline anytime soon. Only energy-dependent U.S. regions face a slightly higher threat.

Buyers: This spring will be the hardest in years (4/3/2017)
Economists think the spring sales season will be the toughest in a decade, as rising prices and mortgage rates spark demand while listings are near a 20-year low.

25% of U.S. markets less affordable than usual (3/30/2017)
ATTOM: In a comparison of local wages vs. housing costs, buyers in 1 out of 4 U.S. cities are finding it more difficult than ever to qualify for a home purchase.

Fla. a top state when comparing taxes paid to services received (3/28/2017)
If ROI (return on investment) is applied to taxes, a WalletHub study ranks Fla. third in the nation for the value residents get from the state taxes they pay.

NAR: This is the worst ‘housing drought’ ever (3/28/2017)
The number of homes for sale is at the lowest level on record, according to NAR, which began tracking inventory 18 years ago. Some culprits: Too few new homes, too many low-end homes owned by investors and stronger buyer demand.

Study: Lowering home values = higher rates of arson (3/27/2017)
Researchers have long suspected a connection between falling home values and spikes in arson rates, but they lacked supporting evidence until now.

Most millennials plan to buy first home in next 5 years (3/24/2017)
HSBC study: Millennials named slow wage growth, rising house prices and a need for better financial planning as challenges to their dream of homeownership. names top cities for millennials (3/23/2017)
Economic growth and relative affordability were top draws for the metros. Salt Lake City ranked first, followed by Miami and Orlando, Fla., as No. 2 and No. 3.

Nearby gym? Mention that detail in the listing (3/22/2017)
Some people go to the gym; other people value a gym that they swear they’ll go to one day. In either case, gym access can boost buyer demand for a home listing.

Could rising mortgage rates be good for housing? (3/22/2017)
While higher rates make it more expensive for buyers, rising rates could also push fence-sitters into action and convince banks that they can approve more loans.

Bidding wars to heat up this spring (3/21/2017)
With high buyer demand and fewer home listings, home shoppers are finding a lot more competition this spring, especially in hot markets Denver, Seattle and Boston.

Top buyer/seller regret? Not prepping soon enough (3/20/2017)
Survey: Most buyers and sellers said they jumped into the market too quickly, even though the sellers spent about five months doing pre-sale prep work.

Luxury homes: Uptick in sellers renting rather than moving (3/16/2017)
Some sellers want extra time to move. Some buyers like the rent that helps defray maintenance costs before they move in. But the deal can be problematic.

Study: Millennials want the suburbs after all (3/13/2017)
“The evidence suggests … that homeownership decisions by younger households have much more to do with affordability than location and lifestyle preferences,” study authors said.

Is an Airbnb rental uptick causing a listing shortage? (3/10/2017)
A study by the hotel industry suggests that investor demand for single-family homes for use as short-term rentals has cut down the supply of affordable housing.

Buyers racing to snag a low mortgage rate (3/9/2017)
A higher rate means a smaller house or, in some cases, no house at all, so want-to-be owners are rushing to buy a home before the Fed increases short-term interest rates, which directly impact adjustable mortgage rates and, indirectly, fixed rates.

Consumers super confident about housing (3/9/2017)
Consumer confidence in the housing market hit a new all-time high in Fannie Mae’s Home Purchase Sentiment Index that rose 5.6% in Feb. to 88.3.

Why are millennials less inclined to move? (3/8/2017)
It’s not just student debt and the economy. “When you look at (millennial) demographics, they should be footloose, but they’re not,” says a Pew senior economist.

How will housing change over the next decade? (3/7/2017)
Be ready for some major demographic housing shifts: Demand will be higher overall, but buyers in their 20s will drop as the number in their 30s and 40s grows.

NAR: Gen X recovering, millennials still live with mom (3/7/2017)
The 2017 Home Buyer and Seller Generational Trends study finds that younger adults are more likely to use a real estate agent than older generations – but student debt continues to slow their move to homeownership.

When it comes to mortgage rejections, Fla. is No. 1 (3/3/2017)
Almost 1 in 5 mortgage applications (17.1%) gets turned down in Fla., according a NerdWallet’s “Homebuyer Reality Report” that studied buyer experiences.

New-home buyers: Act now before prices go up (3/2/2017)
U.S construction has a labor shortage, building costs jumped 25% year-to-year, and lumber costs could surge because a price negotiation between the U.S. and Canada stalled due to an investigation into unfair import practices.

Fla.’s lack of industry compared to some other states and nearby oceans (3/1/2017)
Naples has the cleanest air in U.S.; Ocala ranks No. 3. study credits Fla.’s ocean breeze and limited industry for an overall lack of air pollution.

It’s easier for first-time buyers in 36 other states (2/28/2017)
If you’re a first-time buyer, don’t live in Calif. – it’s No. 50 on a Bankrate study of states that challenge first timers. Fla. ranked 37th, while Iowa was No. 1.

Some luxury sellers slash millions off asking prices (2/27/2017)
The New York and Miami luxury markets have been slowing down, and a few other U.S. regions are concerned about a potential glut on the horizon.

For many, ‘aging in place’ is a bad idea (2/22/2017)
Study: Most older adults don’t want to move, but many should: 66% of homes aren’t accessible for someone with physical limitations and upgrades are expensive.

When do home sellers list their homes? (2/17/2017)
In 2016, more sellers listed on Friday, April 1, than any other day. Overall, the first day of a month is popular, with Thursday and Friday top days of the week.

NAR: The listing shortage won’t ease anytime soon (2/16/2017)
Existing-home sales will grow 1.7% in 2017, but a new prediction model suggests that there will be a disappointing number of listings at many buyer income levels.

More people want to be Fla. real estate agents (2/15/2017)
In 2005, 45,000 people passed Fla.’s real estate licensing exam; by 2008, the number plunged to 8,598 before bouncing back. By 2016, 27,926 people passed the exam, and Fla. now has 250,000 real estate licensees.

Single female buyers? Not lonely – they’re empowered (2/8/2017)
In 2016, 17% of all homebuyers were single women – only 7% were single men. The women tended to have children, but more are also drawn to “singledom” lifestyles.

Report: Only the Hispanic ownership rate improved (2/3/2017)
In 2015, the Hispanic homeownership rate was 45.6%; by 2016, it rose to 46.0% – the only ethnic group to increase over the past two years, according to NAHREP.

Water bills set to go even higher (1/31/2017)
Mich. study: 11.9% of U.S. households can’t afford their water bill, but that could rise to 35.6% in five years – and many Fla. areas are considered “high risk.”

Luxury subdivision’s selling point: doomsday-proof (1/26/2017)
“Extreme security” is becoming common in luxury homes. A Texas subdivision with “luxury life assistance” says it can even protect residents from a nuclear attack.

FAU study: Golf courses still boost home prices (1/25/2017)
A drop in demand for the sport of golf hasn’t translated into lower values for homes located in golf course communities, providing the course isn’t shutting down.

Granite countertops take second place to quartz (1/25/2017)
A kitchen designer says 75% of clients now prefer quartz countertops to granite, in part because quartz has greater color consistency and doesn’t require sealing.

Builders to push entry-level market in 2017 (1/24/2017)
The industry needs more entry-level homes. Demand exists, but builders so far have been slow to deliver lower-end housing due to rising land and regulatory costs.

5 home design trends for boomer clients (1/23/2017)
Older adults don’t want to be treated differently, so it can be tough to note age-in-place features. Other perks, such as laundry rooms, might also be less critical.

Rising rates, prices convince some buyers to wait (1/23/2017)
While mortgage rates remain “historically low,” most first-time buyers think they’re substantially more expensive because they don’t remember earlier high-rate years.

How much does a nearby airport hurt a home’s value? (1/20/2017)
A study qualified the impact a high-noise neighbor has on nearby home values. An airport, for example, dings values 13.2%; a busy highway within 1/10 of a mile hurts 11.3%; and a nearby emergency room hurts 7.6%.

Millennials more willing to buy those fixer-uppers (1/18/2017)
Sometimes it takes compromise. Faced with rising home prices and interest rates coupled with downpayment challenges and college debt, more younger adults seem willing to buy iffy property that could, over time, become their dream home.

In 10 years, today’s ‘smart home’ may seem stupid (1/18/2017)
Buyers seeking a smart home should keep an eye on the future, say NAHB experts. Other perks trending higher: hidden kitchens and “moderated modern” home designs.

Economists: We need more condos (1/11/2017)
Apartment demand remains high because homeownership has tempted few renters – but that may change soon, and entry-level condos could be key to the transition.

Fla. has 4 of top 5 ‘hottest’ single-family markets (1/10/2017)
Orlando, Palm Beach County, Fort Lauderdale, Tampa and Dallas topped a Ten-X list of hottest housing markets based on current and forecasted housing fundamentals, with Orlando overtaking the No. 1 spot previously held by Fort Lauderdale.

Babies may spark the next hot housing market (1/9/2017)
More millennial women are starting to have children – a life event associated with homeownership. So far, millennial birth rates have lagged previous generations.

Big investors evict tenants faster (1/9/2017)
Two big investor firms filed eviction notices on 25% of their units, and another filed eviction notices against 33%. The overall average for small investors? 15%.

Buy vs. rent: Ownership still best in most Fla. metros (1/5/2017)
In a third of U.S. metro areas, it’s now cheaper to rent than buy, due to rising home values and slowly rising paychecks. That renting preference is true in only a handful of Fla. markets, such as Key West.

Fewer buyers care about a home office (1/4/2017)
As fewer buyers put “home office” on their must-have list when house shopping, developers are shifting gears to accommodate greater demand for open spaces.

Older adults face housing troubles (1/3/2017)
Harvard study: By 2035, 1 in 5 Americans will be older than 65, and the U.S. stock of affordable and accessible housing won’t keep up with demand.

5 home design fads fading out in 2017 (1/3/2017)
Designers say white-on-white kitchens and gray walls could be passé. The kitchens’ minimalist style will give way to warm comfort, and gray has been overdone.

New home sales rose 3.1% in September (10/26/2016)
A tight inventory of new homes didn’t slow growth in Sept. as new home sales rose 3.1% thanks to recent hiring gains and still-low interest rates.