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 […]
The Federal Reserve’s Beige Book says new construction is on the rise! All Federal districts except one (Kansas City District) reported that residential construction is expanding. The Fed’s positive outlook on new construction is consistent with the positive outlook for real estate sales.
A recently released Census Report focuses on the rise of multi-generational households and the effect on the housing industry. The 2009 – 2011 American Community Survey (ACS) reported that 4.3 million households were multi-generational. This number represents 5.6% of the total of 76.4 million family households with more than one generation. This new information presents […]
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 […]
Q: Denise, I hear you talking about a reduction in inventory, yet in my area we have seen the number of homes on the market increase … Are you sure inventory numbers are going down? A: Yes, nationally these numbers are going down, but remember, real estate is local. You may be in an area […]
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 […]
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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 […]
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