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Get to Know Your Millennial Homebuyer
Contrary to popular belief, Millennials think buying a home is a good investment. Checkout these numbers from Millennial home buyers in 2014.
Construction Jobs Shot Up by 39,000 in January
CMD recently announced that January’s $22.5 billion of construction starts, excluding residential activity, was 10.1 percent lower than in December. The decline all but disappears, however, when allowance is made for seasonality. CMD’s long-term average December-to-January moderation, due to obstructionist winter weather, has been 8.5 percent. (Despite making the foregoing allowance, the figures referred to throughout this report are not …
How Economic Crises Impact the Rate of New Households
A new study from the University of Southern California Lusk Center for Real Estate concludes that new household formation, a key driver of housing demand, has recovered after the job losses that accompanied the recession. While it was known that negative economic shocks such as major drops in employment reduce household formations, little was known about how long these declines would persist. …
Reality TV Shows vs. Reality in the Real Estate World
Real estate shows, especially those featuring pricey properties, often appeal to viewers on an aspirational or voyeuristic level. It’s all about seeing beautiful homes and properties that people might not get to see. However, those beautiful properties aren’t always what they seem. Last year, a Texas couple who appeared on “House Hunters” revealed that two of the houses they toured …
Housing Will Play a Big Role in 2015
The total value of all the homes in the United States is expected to end 2014 at $27.5 trillion, a 6.7 percent increase from last year and the third consecutive overall increase, according to Zillow. Homes lost $6.1 trillion in value between December 2006 and December 2011. The cumulative increase in home values is slightly smaller than 2013’s 8 percent …
Single-Family Production Revs Up in 2015
A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in a recent National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.
Student Loans and the Housing Market
Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through October 2014, which looked at the way colleges and universities are having an effect on housing across the country. Metros with noteworthy university influence are at the top of their class, with home price trends far outperforming national rates of growth since 2004. A sample of …
New Set of Mortgage Standard Rules Will Be a Win for the Real Estate Industry
Later this week, after several years of back-and-forth debate. U.S. regulators are finally set to finalize a more relaxed set of mortgage standards. This new set of rules will be a win for the real estate industry, with the projected agreement much more moderate than the mortgage security standards proposed back in 2011. The federal reserve is scheduled to hold …
Singles Commit to Real Estate before Tying the Knot (Info-Graphic)
With the average American getting married later than they have in a century, according to the National Center for Family and Marriage Research, more and more singles aren’t waiting for wedding bells before they take the plunge into homeownership. A new CENTURY 21 Real Estate survey shows that while singles are less willing to make lifestyle sacrifices in order to …
