Few listings? More agents turn to new homes (11/20/2015)
NAR found that 40% of new-home sales last year went to buyers who wanted a resale home but adjusted their expectations due to a lack of for-sale inventory.
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.
Market may coerce first-time buyers to jump in (11/13/2015)
First-time buyers say college debt, postponed parenting and downpayments force them to wait – but skyrocketing rents and rising mortgage rates could change that.
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.
Buyers shopping for a newly built home? Act quickly (11/10/2015)
A homebuyer has decided on new-home construction, but if they’re dragging their feet, it could cost them money. After Jan. 1, the cost of some supplies goes up.
Passenger train to quickly link Miami and Orlando (11/9/2015)
A privately owned passenger rail service should begin to connect travelers in four major Florida cities by mid-2017.
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.
Builders’ biggest problem? A shortage of good lots (11/4/2015)
Are all the good lots taken? Builders increasingly say new construction doesn’t match demand because they can’t find developable land in the areas buyers prefer.
A key element in edgy urban redevelopments? Food (11/3/2015)
Warehouses and offices are gaining new life as multifamily homes in urban turn-around areas – but a lot of buyer demand can be traced to the local restaurants.
Homeownership rate near 30-year low (10/28/2015)
But many economists think today’s low level of homeownership may be the bottom of the trough, and it won’t go much lower.
One solution for income equality: more millennial homeowners (10/28/2015)
The decisions today’s young adults make about homebuying could have far-reaching effects on future generations, according to HUD and realtor.com economists.
Cash sales down – but some Fla. cities don’t notice (10/27/2015)
The percentage of U.S. cash sales (30.8%) has declined for 31 straight months – but it’s 44.7% in Fla., home to all the top U.S. metro areas for cash sales.
Pricey gas leads to lower home prices? (10/26/2015)
A Fla. study found that a $1 jump in gas prices leads to a $4,060 drop in home prices – but that drop rises to $6,600 if involves younger real estate agents.
Renting? Brace yourself. It’s going to cost more (10/23/2015)
Rents skyrocketed last year, and many pundits expected a slowdown in 2015 – but they were wrong. It now appears 5%-plus increases will continue into 2016.
Three trends that will impact real estate (10/21/2015)
Transportation changes impact real estate values, and self-driving cars – expected to be common in three years – could boost demand in farther-out developments.
Millennials vs. baby boomers in condo market? (10/20/2015)
Each day, about 5,000 boomers decide to downsize. In the competition for multifamily units, that pits their deep pockets against first-timers new to the market.
Rent burden higher in Fla. than in N.Y. or Calif. (10/19/2015)
Make Room study says Florida is the most “rent-burdened” state because 30% of its residents spend at least 50% of their monthly income on housing.
Bargains await those willing to commute (10/15/2015)
The housing rebound hit inner cities first and worked its way out. As a result, communities on the edge are still bargains compared to pre-recession highs.
Bad cell phone reception can kill a deal (10/14/2015)
29% of Americans “can’t imagine living without” their cell phone, and it’s not just a rural problem: Many city high-rises have inferior cell phone reception.
Report urges more women in leadership (10/13/2015)
ULI’s latest report calls for greater “gender balance” in real estate industry leadership positions, and it recommends strategies to help women advance.
Buying a home 48% more affordable than in 2006 (10/13/2015)
RealtyTrac: Homes today are more affordable thanks mainly to interest rates. Hamilton County, Fla. leads the list with 5.6% of monthly income paying the mortgage.
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.
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.
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.
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.
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.
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.
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.
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.
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.