Thanks to lower prices and record low interest rates 2012 will set the housing affordability record. The National Association of REALTORS© reported its November affordability index and the association is expecting the 2012 numbers to end up at 194 which is up from 2011’s record setting index of 186. This will be the highest number […]
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 […]
You may have seen a number of articles recently talking about how the Super-Mega home is making a comeback. While they make a decent argument that some people will always think bigger is better, I actually couldn’t disagree more. Our two largest buying segments of the market are the Baby-Boomers and Gen-Xers. Both of these […]
Posted in Buyers, Real Estate Industry News 
Tags: in the news, market trends, new, Real Estate Market, Real Estate News 
No Comments » 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 […]
Posted in Real Estate Industry News Tags: industry news, news, real estate industry, Real Estate News No Comments » HOUSING MARKET SHOWS CONTINUAL IMPROVEMENT The National Association of Home Builders reported that the list of expanding markets has increased by 22 to a total 125 markets. The Improving Markets Index (IMI) identifies improvement in metropolitan areas in single family housing permit growth (US Census Bureau), employment (Bureau of Labor Statistics), and house price appreciation […]
A recent article put out by CNN and a report put out by Barclays Capital echoes what I have been saying for over 2 years, real estate is expected to hit record setting levels in the next 26 months. I have been talking about an expected real estate boom for quite some time now. I […]
Recently one of my clients forwarded an article to me about unemployment in their area. The gist of the article was that jobless claims are up in the Kennewick area. When the contents of this article hit my client’s marketplace (Kennewick, a town in Eastern Washington), he told me the article had people so concerned […]
If you’ve been reading my Zebra Report for any time now, you know that I am passionate about the need for real estate agents to keep in touch with past, present, and potential clients. It’s one of my mantras, and one of the best things you can do to build your business. Often, an agent […]
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