rebecca kallhoff: Developing Affordable Housing for Millennials
- 06/18/15 04:54 AM
DAILY REAL ESTATE NEWS | THURSDAY, JUNE 18, 2015 Cities across the country are having to adapt to the needs of the millennial generation, who make up the largest share of home buyers, according to a generational trends report by NAR. Due to the recent economic climate, millennials don't mind making sacrifices, often choosing compact housing and not owning a car, as long as they can live in a vibrant city with a lot of perks. Read more: The 8 Fastest-Growing Cities for Millennials "They [millennials] seem more willing than other cohorts to trade space for access to transit and a walkable, mixed-use lifestyle," … (0 comments)
rebecca kallhoff: The Most Common Delays Toward Closing
- 06/10/15 04:32 AM
DAILY REAL ESTATE NEWS | TUESDAY, JUNE 09, 2015 The majority of contracts – 64 percent -- are settled on time with no delays to closing, but some REALTORS® acknowledge facing delays or even having contracts terminated for numerous reasons, according to the latest REALTORS® Confidence Index Survey, a survey of more than 1,500 REALTORS®. Twenty-six percent of REALTORS® surveyed identified a delay to settlement, while 10 percent said they have even had a contract terminated prior to closing. Read more: Don't Get Thrown by Doc Overhaul About 60 percent of REALTORS® reported some type of issue on their contract in April. … (1 comments)
rebecca kallhoff: 12 Most Popular New-Home Amenities in 2015
- 05/18/15 03:44 AM
DAILY REAL ESTATE NEWS | MONDAY, MAY 18, 2015 Master bedroom walk-in-closets and a laundry rooms are the top features that builders are most likely to include in a new home this year, according to a survey of builders conducted by the National Association of Home Builders. "Both features speak to improving organization and storage characteristics of new homes," according to NAHB on its Eye on Housing blog. Read more: The Room Millennials Say Is Essential -- and Why You Should Stage It Greater energy efficiency amenities also were ranked more important, with low-E Windows coming in No. 3 on the most … (0 comments)
rebecca kallhoff: Realtor.com®: 'Furious' Spring Market Plays
- 05/05/15 03:44 AM
DAILY REAL ESTATE NEWS | TUESDAY, MAY 05, 2015 Single-family, condo, co-op, and townhome listing views on realtor.com® in April soared 40 percent compared to last year at this time. Jonathan Smoke, realtor.com®’s chief economist, calls it "furious" activity in the housing market this spring -- so it’s only fitting he was inspired by soundtracks from the movie "Furious 7" to go along with a rundown of his latest action-packed housing report. Read more: More Buyers Than Usual Enter Spring Market "The spring whistle blew and what's getting low?" writes Smoke at realtor.com® citing DJ Snake & Dillon Francis' "Get Low" from … (0 comments)
rebecca kallhoff: Landlords Say They're Raising Prices Again
- 04/23/15 03:25 AM
DAILY REAL ESTATE NEWS | THURSDAY, APRIL 23, 2015 CEOs of the largest companies renting out single-family homes say they plan to raise rents up to 5.7 percent this year. Investors are switching their focus from buying properties to optimizing the revenue from the thousands of properties they bought, taking advantage of the increased demand for rental homes, Bloomberg reports. Read more: Why Renters May Be in Trouble “In the 2015 rental season, we’re really seeing the ability to move rents,” David Singelyn, chief executive officer of American Homes 4 Rent—the largest publicly-traded single-family landlord, with about 35,000 homes—said at a recent conference in Miami Beach, Fla. … (0 comments)
rebecca kallhoff: Fannie: Economy Likely to 'Spring Forward'
- 04/21/15 06:14 AM
DAILY REAL ESTATE NEWS | TUESDAY, APRIL 21, 2015 Economic activity weakened in the first quarter of the year, mostly attributed to bad weather conditions across the Northeast and West Coast port disruptions. But the economy will likely gain momentum throughout the spring, which is expected to give a lift to the ongoing housing recovery, according to Fannie Mae’s Economic & Strategic Research Group. Eye on the Economy Fed Sets the Stage for Rate Hikes Top Employment States and Metros Responding to Buyers: 'What If We Had Another Recession?' "We have downsized our first-quarter economic growth expectations in light of several … (1 comments)
rebecca kallhoff: Price Jumps Are Leading to More House Flips
- 04/21/15 03:12 AM
DAILY REAL ESTATE NEWS | TUESDAY, APRIL 21, 2015 More investors are flipping properties again, a trend that started last year and is building momentum across the country, according to Auction.com's First Quarter 2015 Real Estate Investor Activity Report. Read more: Where the House Flippers Are: 10 Markets Investors lately are showing more interest in purchasing a home to flip than renting it out. In fact there was a 6.5 percent quarter-over-quarter increase in favor of flipping in the first quarter of 2015. "It seems clear that the unusually low inventory of homes for sale has led to higher home prices, which … (0 comments)
rebecca kallhoff: Mortgage Rates Hover Near 2015 Lows
- 04/20/15 07:25 AM
DAILY REAL ESTATE NEWS | FRIDAY, APRIL 17, 2015 Fixed-rate mortgages were mostly unchanged this week, remaining near the lowest averages of the year, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages with mortgage rates for the week ending April 16: 30-year fixed-rate mortgages: averaged 3.67 percent, with an average 0.7 point, rising slightly from last week's 3.66 percent average. Last year at this time, 30-year rates averaged 4.27 percent. 15-year fixed-rate mortgages: averaged 2.94 percent, with an average 0.5 point, rising from last week's 2.93 percent average. A year ago, 15-year rates averaged 3.33 … (1 comments)
rebecca kallhoff: Townhome Market Shows Signs of a Comeback
- 02/24/15 02:18 AM
DAILY REAL ESTATE NEWS | TUESDAY, FEBRUARY 24, 2015 Townhouse construction was back on the rise in 2014, as home buyers show an increasing appetite for this type of housing once again. Single-family attached starts totaled 19,000 in the fourth quarter of 2014 – 12 percent higher than a year prior, according to Census data. For all of 2014, townhouse construction starts totaled 72,000, up from 68,000 starts in 2013. The market share of townhouses comprises 12 percent of all single-family starts. The peak for townhouse construction was during the first quarter of 2008 when it reached 14.6 percent. During the … (1 comments)
rebecca kallhoff: The Hottest Winter Home Markets
- 02/24/15 01:11 AM
DAILY REAL ESTATE NEWS | TUESDAY, FEBRUARY 24, 2015 While most of the United States is currently under a deep freeze, real estate markets in many cities across the country are heating up, according to the recent Hotness Index compiled by realtor.com®. Not surprisingly, warm locations continue to be hot spots for winter buyers. Miami, Las Vegas, Phoenix, Raleigh, and San Diego rank highest on the Hotness Index, and see busy Spring level home-buying activity earlier than other cities across the country. Read more: Winter Is Best Time to Sell, Study Shows To compile the Hotness Index rankings, economists fromrealtor.com® looked at 2014 monthly … (0 comments)
rebecca kallhoff: Why Buyers May Find Mortgages Easier to Get
- 02/23/15 02:35 AM
DAILY REAL ESTATE NEWS | MONDAY, FEBRUARY 23, 2015 Good news for potential home shoppers: A Mortgage Bankers Association index shows lender requirements regarding credit scores, down payments, and other key terms are finally loosening up. Some lenders are even expanding the types of mortgages they offer. These moves come after years of lenders tightening loan requirements in the aftermath of the housing crisis. The Opening of the Credit Box Smaller Down Payments Lure More Buyers 3% Down Payments May Be Game Changer The newly-released MBA index shows that recent improvements in lending are mostly tied to the government’s efforts to … (0 comments)
rebecca kallhoff: Bet on These Home Improvements in 2015
- 02/20/15 01:13 AM
DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 19, 2015 If you're considering giving your home an upgrade this year, it can be overwhelming to choose what home features need an overhaul. Trends seem to change all the time, and the last thing you want is to spend money on costly improvements that will soon be out of date. What's Hot In Design? 21 Hot Housing Trends for 2015 Designers, Builders Reveal Hot Trends for 2015 The Next Big Home Feature Buyers Want? Real estate brokerage Redfin recently analyzed home features that are most desirable to potential home buyers. First, they asked … (1 comments)
rebecca kallhoff: After Baby Boomers, What’s Next for Housing?
- 02/19/15 02:28 AM
DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 19, 2015 As baby boomers age, the decline of this mammoth generation will have a “dampening effect on household growth,” according to a new report by Harvard’s Joint Center for Housing Studies. However, this decline in growth will occur over several decades and may be offset by the millennial generation starting households of their own. Read more about baby boomers: As Millennials Wait, Housing Bets on Boomers But the big question is whether the housing left by baby boomers will be desirable to younger generations? “Many homes vacated by aging seniors will not be in … (0 comments)
rebecca kallhoff: Both Home Prices and Affordability on the Rise
- 02/18/15 01:28 AM
DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 18, 2015 The spring market will likely be a hotter one this year, as low interest rates and a healthier economy lure more home buyers to the marketplace. NAR's latest housing report:Tight Supplies Put Home Prices on the Move “Interest rates below 4 percent, rising rents, and healthier local job markets are convincing more consumers to consider home ownership,” Chris Polychron, National Association of REALTORS® president, said in a recent news release showing fourth-quarter 2014 home prices moving up. An increase in the national family median income (to $65,782) mixed with low interest rates slightly … (0 comments)
DAILY REAL ESTATE NEWS | THURSDAY, JUNE 18, 2015 Cities across the country are having to adapt to the needs of the millennial generation, who make up the largest share of home buyers, according to a generational trends report by NAR. Due to the recent economic climate, millennials don't mind making sacrifices, often choosing compact housing and not owning a car, as long as they can live in a vibrant city with a lot of perks.
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