The NAHB just reported that the recent increase in prices may be adding inventory to the housing market because sellers that previously couldn’t sell now can. The Federal Housing Finance Agency reported national home prices were up 6.5% from January 2012 to January 2013. Total inventory currently represents a national supply of 4.7 months versus […]
Baby Boomers are individuals born between 1946 and 1964 – and they are a very important part of the new home industry due to their strong buying power. Not only have they worked for many years and have equity in their existing homes, but they also have inherited the largest passing down of wealth from […]
Denise’s recent Zebra Report article about “Pricing in the Land of “No Comps” was just picked up by the Georgia Association of REALTORS® and is featured in their March/April issue of their Georgia REALTOR® magazine. To view the article as featured in the magazine, please Click Here! Once there, see pages 8 – 10 for […]
The Commercial Sector Is Improving! According to Lawrence Yun, NAR chief economist, the commercial real estate market is continuing to improve due to an improved economy and an increase in jobs. Good news! To visit the National Association of Realtors® website and read the original article “Commercial Real Estate Sectors Steadily Improve” please, Click Here!
Is it better to buy resale or buy new? Buyers need to look at all the financial factors – not just the monthly mortgage and property taxes. They should also consider the cost of maintenance and utilities. Just how much of a difference can this make? To read the whole article from the National Association […]
In the News: Buyers are expected to stay in their homes even longer today than ever before. Between 1985 and 2007, the typical buyer could be expected to stay in their home 12 years. Data collected from the 2011 American Housing Survey (AHS) shows that home owner mobility has declined since 2007. Based on these […]
2013 is only three days old, yet it has ushered in a huge economic harbinger with the bill to circumvent the fiscal cliff, signed by the President just hours ago. While approval of these tax cuts for 98% of Americans coupled with curtailing automatic deep spending cuts (including cuts to unemployment) should avert another recession, […]
The latest release from the Census Bureau’s Manufacturing and Construction Division shows that the annual rate of starts in building five or more units was 285,000. This is an increase from October and is currently the highest this measure has been since July, 2008. It is still not as high as the multi-family housing boom […]
Appreciation rates in 2013 will hit record high levels in some areas, even surpassing the surge in appreciation rates in 2005-2006. The strong surge is not only driven by strong demand, but because we are so far behind in our new housing starts … so much so that we cannot catch up in 2013. In […]
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No Comments » Just when we thought our inventory challenges couldn’t get any worse … well they can. The Mortgage Bankers Association reported that delinquency rates fell 18 basis points in the third quarter of 2012 to 7.4%. This lower rate was driven by a drop in loans 90 days or more past due. The foreclosure inventory rate […]
Posted in Real Estate Industry News Tags: industry news, news, real estate industry news No Comments »
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