san tan valley az: 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)
san tan valley az: 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)
san tan valley az: 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)
san tan valley az: 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)
san tan valley az: 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)
san tan valley az: 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)
san tan valley az: Drought Drying Up Homebuilding out West?
- 04/20/15 06:57 AM
DAILY REAL ESTATE NEWS | MONDAY, APRIL 20, 2015 The severe drought plaguing the West may stall new-home construction in the region, according to the chief economist of the National Association of Home Builders. Housing starts in the West dropped for the third consecutive month, falling 19 percent in March and reaching its weakest level since May. The drop came at a time when other regions of the U.S. rebounded from a harsh winter. Read more: What Calif.'s Drought Could Mean for Housing The drought in the West may discourage companies from building or taking out permits for new construction, says David … (0 comments)
san tan valley az: 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)
san tan valley az: 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.
;)
;)
