The shortage of water across many states is quickly becoming the next big issue in real estate. California is currently experiencing its third year of drought and this year is the driest in the state’s history. Farmers are having challenges getting enough water to survive and some are now selling off any extra water they […]
Archive for the ‘Real Estate Industry News’ Category
NEW HOMES SALES TO SURGE BY 30%
I have been reporting on new home sales for years and track this facet of the market with a great deal of interest as a Master in Residential Marketing through the NAHB. I find the new home market to be a strong barometer of what is happening with the market as a whole. A stat […]
Credit Is Tight …
… Even for Former Federal Reserve Chairman Ben Bernanke! Low interest rates should mean that opportunity is in abundance for the real estate industry. However, if you can’t qualify for a mortgage, even the lowest rates don’t help you if you want to finance or refinance your home. This point became significant when the news […]
Custom Homes on the Rise Could Spell Opportunity
Custom homes have always been a part of any real estate market and will continue to be. The number of homes being built on an owner’s land with either the home owner or builder acting as the general contractor jumped significantly in 2014. Is it that we are all watching too many home improvement shows […]
Generational Housing Needs and Their Effect on the Market
There are four distinct generations that are changing the types of homes in demand today. They include these generations: The Silent Generation: born 1925-1945 Baby Boomers: born 1946-1964 Generation X: born 1965-1980 Generation Y: born 1981-2000 Each of the generations have very specific housing needs which require updated floor plans. This is creating both challenges […]
Remodeling Hits an All-time High!
People ask me all the time about my personal formula for home remodels, but in my experience every project and every home is unique. I let each home visually tell me how it needs to be changed. For some remodels a complete new kitchen is in order, while other kitchens can be transformed with new […]
QRM Mortgage Rule: What You Need to Know
In 2010 the federal government enacted the banking reform bill developed to address the financial crisis and the number of homeowners who lost their homes due to too liberal lending practices. While additional regulations were needed, the result was that many of the resulting lending requirements were too strict and due to “risk retention” requirements […]
New Construction: Trends You Need to Know
As real estate professionals we are trained to keep a very close eye on changes in the housing marketplace. But we also need to pay particular attention to what is happening in the world of new construction, as construction trends can have a dramatic impact on the housing market. Here are five important trends we’ve […]