High rent driving middle class out of cities (4/16/2014)
Rising rents have a ripple effect: To save money, the middle class is moving to the suburbs; that, in turn, pushes less wealthy classes even farther out.
Prediction: 50% of buyers in 2020 will be Hispanic (4/15/2014)
National Hispanic association report: With 47% of U.S. homeownership growth between 2000 and 2013 Hispanic – “This is a story of pent-up demand,” president says.
Homebuilder confidence edges up in April (4/15/2014)
Housing market confidence rose modestly, but it’s still constrained as builders worry about tight credit, a shortage of workers and not enough buildable land.
Construction firms worried about worker shortage (4/9/2014)
To combat a labor shortage, a contractors assoc. plans to train workers through a new program that focuses on charter schools, apprenticeship programs, etc.
Growing demand for apartments pushing up rents (4/7/2014)
Even an apartment construction pickup probably won’t stall a predicted five-year run of rental increases. It’s good for investors, not so good for renters.
Families more willing to move for the woman’s job (4/2/2014)
Mayflower survey: One in three American households considering a move this year, and women’s careers increasingly drive a decision to relocate.
70% of boomers expect next house to be their last (3/25/2014)
Survey: Many boomers want a retirement home that suits their needs and doesn’t have room for adult children; yet only 27% favor a traditional 55-plus community.
A whiff of ‘welcome home’ (3/24/2014)
Real estate pros know that the smell of fresh cookies can entice buyers; now some condo developers are “branding” scents to showcase their projects.
Study: U.S. housing recovery uneven across markets (3/21/2014)
In five years, single-family home values may match their peaks before the recession – but some cities to do better than others, including Tampa and Jacksonville.
Construction employment up 9.2% in Fla. (3/21/2014)
The state ranked third in construction employment growth, with 38 states adding jobs year-to-year in Jan.
A downside to the refinancing bubble? (3/17/2014)
Some owners who waited for their home’s value to increase may have a new reason not to sell: They hate to give up the low interest rate on their current mortgage.
Markets heat up when a neighborhood turns cool (3/17/2014)
Buyers want a resurging neighborhood, a trend that can upgrade downtrodden areas. But when mainstream buyers identify an area as “cool,” it stops being “cool.”
Study suggests 1 in 10 renters wants to buy in 2014 (3/13/2014)
A new research project contradicts pundits who suggest renting is the new norm: 10% of today’s renters say they want to buy a home this year.
NAR generational study finds market confidence (3/11/2014)
The good news: Little has changed, and younger adults still value homeownership and consider it a wise investment. The bad news: They can’t afford it.
Expect rising demand for ‘aging-in-place’ homes (3/10/2014)
AARP research: Aging baby boomers want a home that allows them to adapt to possible health, vision or mobility changes that could occur down the road.
Average new home size up 11% since 2009 (3/4/2014)
The average size of a new home has risen from 2,362 square feet in 2009 to 2,679 square feet last year. Number of bathrooms and garage size is also up.
Study: Hard times drive adult kids to return home (3/3/2014)
Some 2.3M adults are living with their parents in Calif., up 63% since the Great Recession began seven years ago, but the trend is happening across the U.S.
Cold calling less effective as a marketing strategy (2/19/2014)
A CDC study found that 2 in 5 U.S. homes had only cellphones – no landlines – at the end of 2012, a percentage that rose to 60% for adults younger than 34.
Student debt may hurt housing recovery (2/18/2014)
First-time homebuyers can’t afford a downpayment if they have high monthly student loan bill, which lowers demand for starter homes.
Most consumers now think they qualify for a mortgage (2/12/2014)
Recovery milestone: The number of Americans (52%) who think it would be easy to get a mortgage is greater than the number who do not, according to Freddie Mac.
How are millennials changing home marketplace? (2/7/2014)
Better Homes and Gardens survey: The American Dream hasn’t changed. Millennials (79%) believe in homeownership and most (77%) consider it a good investment.
More young adults stick with parents, delay buying (2/6/2014)
40% of Fla. adults age 18 to 34 live with parents to save money, and as the rebound picks up, these potential first-time buyers could be the next hot niche.
New way to sell a home: Arrange a sleepover (2/5/2014)
A TV show, HGTV’s “Sleep On It,” has buyers spend the night in a listing to see if they like it. As a result, some buyers today request the same perk.
Confidence in 55+ housing market at 7-year high (2/4/2014)
All parts of NAHB’s 55+ single-family index grew significantly in 4Q 2013: Attitudes about present sales rose 26 points and sale expectations rose 24 points.
Census Bureau studies Americans’ Internet use (2/4/2014)
Marketing via the Internet? Its effectiveness depends on your niche. While 71% of younger adults use smartphones, for example, 60% of adults 45-64 do not.
Tight inventory? U.S. still has lots of vacant homes (2/3/2014)
2.1% U.S. family homes were vacant in 2013’s fourth quarter. In Fla., 2.4% were vacant, ranging from 4.1% in Orlando to 0.7% in Jacksonville.
Polar vortex heats up Fla. home searches (1/29/2014)
Trulia study: For every 10-degree temperature drop up North, Fla. home searches rose 4.4%. That makes it an ideal time to connect with out-of-state buyers.
Demand up for smaller new homes? Not anymore (1/28/2014)
McMansions went out of style during the recession, but they’re resurging. In 2009, the median size fell to 2,159 square feet; by 2012 it was up to 2,384.
Baby boomers set sights on multifamily housing (1/21/2014)
A hoard of retiring boomers could shuffle residential demand for years. Apartment, condo and townhouse sales could rise as single-family home sales decline.
Prediction: 2014 the ‘year of the big move’ (1/15/2014)
A number of factors suggest Americans could move more this year, notably from higher-cost cities to areas where their dollar buys more.
Fla. is No. 3 in population – almost (1/6/2014)
Growth that fuels Fla.’s housing boom seems to be returning. The Sunshine State should pass N.Y. sometime this year, adding about 630 new residents each day.
2 Fla. cities in top 5 for home searches (1/6/2014)
Where do people want to live? A Realtor.com analysis of 2013 found Wellington-West Palm Beach and Pembroke Pines-Hollywood at the top of their list.
7 booming cities for jobs (12/17/2013)
24/7 Wall St. identified metro areas that gained the highest percentage of jobs over the past year, and three Fla. communities sit at the top of the list.
Apartment rents to rise 3% next year. (12/16/2013)
A range of rental predictions forecasts rental increases as high as 3.3% next year on average, though the actual amount will vary by community.
Picking a home over the phone (12/13/2013)
The images on a smartphone may be small, but buyers can get data fast wherever they are. As a result, more and more buyers now turn to their phone for info.
Retirement communities find spry holiday sales (12/12/2013)
A sales slowdown in late Dec.? Not for retirement communities. Boomers visit their parents for the holidays and find the semi-summer weather hard to ignore.
U.S. in ‘worst rental affordability crisis’ ever (12/11/2013)
About half of renters spend more than 30% of their income on rent, up from 18 percent a decade ago; 27% percent spend more than half their income on rent.
Cautious consumers stall housing momentum (12/9/2013)
Fannie Mae analysis: If the housing rebound loses steam, it will likely happen because recession-burned Americans still lack faith in the U.S. economy.
‘Tis the season for economic real estate predictions (12/5/2013)
According to Zillow, home values will rise 3% in 2014, mortgages will be easier to get, mortgage rates will hit 5%, and two Fla. cities will be “hot.”
Buyers today want a house for the long haul (11/27/2013)
Today’s buyers don’t expect quick equity from rapid home price increases, and they think the future’s higher mortgage rates will create a new challenge.
Real estate contingencies
on the rise (11/27/2013)
Sellers may be in the driver’s seat in many areas, but rising interest rates mean buyers can make their own demands over pool tables, swing sets and more.
Home builders target higher end (11/25/2013)
Older, high-earning buyers have rebounded more quickly post-recession than entry-level buyers, leading builders to target the more well-to-do demographic.
Can fake lakes bait buyers? (11/21/2013)
A Port St. Lucie man-made lagoon – essentially a swimming pool and beach large enough to support kayaking – could turn second-tier land into first-rate housing.
Trends: The top issues that will impact real estate (11/11/2013)
NAR convention: What issues are on the horizon that could potentially impact homeowners, real estate markets and the industry?
Survey: Homeowners don’t like renters as neighbors (11/7/2013)
35% of respondents – both owners and renters – consider it very important that their neighbors own their home; and overall, they prefer people like themselves.
Americans prefer mixed-use, walkable communities (11/6/2013)
NAR: 52% like single-family homes with large yards, but 78% say neighborhood trumps house size; and 55% would trade a big yard for a walkable location.
Delinquent borrowers more optimistic about ownership (11/5/2013)
Fannie Mae study: Many homeowners facing foreclosure still value owning over renting. Many even still consider real estate a relatively safe investment.
More Americans quitting their jobs (11/1/2013)
An increasing number of people feel they have the freedom to quit. That implies confidence but could also spark home sales to people willing to relocate.
‘Missing households’ plague housing recovery (11/1/2013)
Young adults still have about a 75% unemployment rate post-recession. That lack of jobs limits first-time buyers and causes problems for move-up buyers.
Analysis: For a better deal, buy a pre-1990 home (10/31/2013)
RealtyTrac: Many buyers fear older homes because they might need expensive repairs, but they can save an average 9% over the cost of a post-1990s home.
Study: Higher home prices lead to more sales (10/29/2013)
It sounds counterproductive, but two Federal Reserve economists say higher home prices would entice more owners to become sellers and ease inventory shortages.