Owning still trumps renting in overall wealth (12/18/2014)
Paying a mortgage is a form of forced savings, and even owners who bought from 2007-2009 have seen an average gain so far of $18,000 in their net worth.
Fla. institutional investors could turn 29% profit (12/16/2014)
RealtyTrac: Institutional investors bought about 34K Fla. homes when cheap and rented them out. But when will they sell? If now, their average profit would be 29%.
65+ adults are real estate’s most loyal age group (12/15/2014)
Older adults aren’t downsizing and moving into rentals as they have in the past. More are holding onto their homes or buying a new one.
Survey: Homeownership still seen as enviable goal (12/10/2014)
Today’s renters want to own a home, but many won’t try. While 90% say ownership is something to be proud of, only 39% will home shop within the next three years.
3 Fla. cities poised for baby boomers sales (12/10/2014)
NAR considers Fort Myers, Orlando and Sarasota in the top 10 for expected baby boomer housing demand, based on trends, affordability and economic conditions.
Buyers embrace the ‘contemporary craftsman’ look (12/9/2014)
The style, circa 1910, is known for a simple design and lots of wood and stone. Today’s buyers, however, prefer bathrooms with more 21st Century amenities.
More new homes have built-in solar power (12/3/2014)
Solar power installed during construction costs less than a retrofit, and with added tax incentives, solar energy is becoming a basic part of many new homes.
‘Perfect storm’ wreaking havoc on Fla. golf courses (12/1/2014)
The economy, changing interests and even Tiger Woods’ fall may have hurt the game, but it’s also causing concerns for some homeowners with fairway views.
Five reasons for Realtors to be thankful (12/1/2014)
In the real estate biz, there’s always some type of challenge. But over Thanksgiving, many Realtors noted positive trends in a healthier, post-recession market.
More parents move in with their kids
More Baby Boomers are doubling up on living accommodations with their own aging parents – a trend expected to continue as people live longer and need more care.
Townhouse market growing (11/25/2014)
NAHB analysis: As of 3Q 2014, townhouses make up 11% of all single-family construction starts, up from 2Q – and the future outlook is favorable.
What’s the next big home feature buyers want? (11/24/2014)
Survey says: Smart home technology. Nearly half (46%) of consumers polled want it for their current home or next home, citing comfort, safety and cost savings.
Even for childless homebuyers, good schools matter (11/19/2014)
Nationwide, homes near top-ranked schools generally command higher prices – about $50 more per square foot. RealtyTrac cites St. Petersburg as a top value.
You own your community (11/17/2014)
Real estate pros can be advocates for communities and smart growth by helping developers understand residents’ preferences for compact, walkable neighborhoods.
Changing demographics impact housing market (11/11/2014)
Millennials (18-33 year-olds) should soon buy a lot of homes. They have more money now, and over half used real estate apps or visited a website this summer.
Moving boomers want a bigger, pricier place (11/10/2014)
The baby boomer real estate market over the next five years is be an estimated $1.9 trillion, but it’s unclear what they want – or if they can afford it.
Builders don’t try to compete with resales on price (11/3/2014)
Fewer buyers wrestle with a resale-versus-new home decision as price difference hits $70K and builders opt to construct fewer homes at higher prices.
The housing market is changing (10/30/2014)
Slower home price gains are a two-edged sword: More owners could decide to list their home now as buyers see less risk in waiting a bit.
Census Bureau releases annual housing survey (10/17/2014)
Bureau found that about 1 in 20 U.S. homes has moderate to severe physical problems, and 1 in 10 had cockroaches and/or mice in the past 12 months.
Today’s homes may not fit tomorrow’s needs (10/15/2014)
Harvard study suggests U.S. isn’t ready for its aging baby boomers. They’ll increasingly find car-dependent suburbs less accessible as they try to age in place.
Home offices grow along with home-based businesses (10/14/2014)
With half of all U.S. small businesses now based at home, more buyers want a great home office – not just a desk sitting in a guestroom’s corner.
Expect wave of single buyers to impact housing (10/14/2014)
It’s official: Over 50% of Americans are single as the percentage of married couples declines. The trend will impact household incomes and desired floor plans.
New home costs, styles differ by area (10/14/2014)
NAHB: New home prices differ nationally, as well style variations. In general, New England has smaller yet more expensive homes than the South.
Industry trends to watch this fall (10/13/2014)
Ten years ago, a buyer thought: “It’s best to buy home sooner rather than later, so I can start building equity.” But they now know prices sometimes go down.
Study: Student debt costs housing $83B this year (10/13/2014)
John Burns consulting says the problem will also get worse in years to come since overall U.S. college debt is increasing 6% annually.
Sometimes a manufactured home doesn’t save money (10/7/2014)
While a manufactured home may seem like a cheaper alternative to site-built housing, the U.S. consumer bureau says that owners often pay higher interest rates.
Survey: U.S. luxury investors to buy big in 2015 (10/6/2014)
A poll finds that almost half of individuals worth $5M or more expect to buy luxury property within 12 months, including 81% of the millennials in that group.
Smart homes that people actually want (9/26/2014)
Few buyers care that a listing is a “smart home.” They want to know what it can do, and a survey identified the top smart home features that attract interest.
Consumers somewhat confident about home prices (9/25/2014)
Many buyers stung by the meltdown continue to worry. While 53% of Americans expect housing prices to go up, a fair number of people (47%) still aren’t so sure.
Student debt could reduce home sales 8% this year (9/22/2014)
John Burns report: Some 414,000 households will be blocked from the market by escalating student debt, and many others will settle for less expensive homes.
More singles than ever: How it affects real estate (9/15/2014)
For the first time since record keeping started in 1976, more than half of all Americans are officially single – divorced, widowed or never married.
Trend: More home is squeezed onto a smaller lot (9/15/2014)
Since 1995, the median size of land under a new home has dropped almost 13%. By 2013, it was about 1/5 of an acre.
Could millennials kill off the McMansion? (9/11/2014)
What type of homes will today’s youngest buyers want in 10 years? No one really knows. They appear to like smaller homes now, but could a new family change that?
Over half of Fla.’s June sales were all-cash (9/10/2014)
CoreLogic: Fla. ranked No. 1 nationally with 51% all-cash sales, and Cape Coral-Fort Myers topped the list: 61.2% of home purchases didn’t require a mortgage.
The next big niche market? (9/9/2014)
The number of active-adult housing buyers continues to grow. Builders say many must sell a home first, and as those sales pick up, they expect a spike in demand.
A future buyer glimpse: Gen Z values homeownership (9/9/2014)
Survey: The 13-17-year-old generation buys online and consults 1,000 friends for every decision, but they’d give up modern luxuries in order to own a home.
Tubs passé as more owners opt for walk-in showers (9/8/2014)
A survey this year found that four out of 10 respondents opted to forgo bathtubs during a renovation – even in the master suite.
Fla. a top destination for retiring baby boomers (9/4/2014)
Four Fla. counties – three in SW Fla. and one in Central Fla. – made RealtyTrac’s top 10 list of boomer relocation destinations from 2007 to 2013.
Study finds most college grads can afford a home (9/4/2014)
RealtyTrac: Even with student loan debt, U.S. grads can buy homes in 96% of markets. But their incomes must rise 34% to compete with buyers without student debt.
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.
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.”
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.
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.