The Daily Hot Sheet of Real Estate News
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March 24, 2016
Western U.S. homebuyers push up new-home sales
Commerce Dept.: New-home sales rose 2% in Feb. to a seasonally adjusted annual pace of 512,000; the increase is because of a 38.5% surge in sales in the West. Read more.
Still-low interest rates boost refinancing
In 2015, refis made up half of all mortgage applications; and this year, some analysts predict they'll account for 40% of the total. Read more.
First-time buyers may face a difficult spring
The inventory of properties priced below $250K fell 8.2% in Jan. from a year earlier, says NAR, so competition among entry-level buyers could be fierce. Read more.
Foreign buyers of U.S. assets not slowing down
Real Capital Analytics: Foreign real estate investors bought a record $91.1B in U.S. properties last year - more than double the amount spent in 2014. Read more.
Boost business with Facebook ads
Real estate pros can use Facebook ads as an affordable way to connect with new clients, but figuring out the purpose of their campaign is a crucial first step. Read more.
5 home fixes not worth it at resale
A new roof and refinishing hardwood floors are worth every penny at resale, but other projects like a bathroom addition or closet redo don't pay off. Read more.
Tampa Bay: Area home prices soar as inventory remains low
Venice: Second developer shows interest in airport land
South Florida: Home prices increase in Feb., though market cooling
Naples: Area has largest percentage home sale drop, but prices soar
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